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What is the story about?
Prince Pipes and Fittings Ltd
has reappointed Jayant S. Chheda as its chairman and managing director for another three-year term, according to a report by Informist.
Chheda's new term will run from August 21, 2026, to August 20, 2029. The company has also reappointed Parag J. Chheda and Vipul J. Chheda as whole-time directors for three years, Informist reported.
Parag Chheda has been designated as joint managing director, while Vipul Chheda will serve as executive director.
Prince Pipes reported a consolidated net profit of ₹337.49 million for the June quarter, while revenue stood at ₹6.09 billion, according to the company's financial results cited in the report.
Shares of Prince Pipes closed at ₹269.80 on the National Stock Exchange on Friday, gaining 4.3% from the previous session.
Chheda's new term will run from August 21, 2026, to August 20, 2029. The company has also reappointed Parag J. Chheda and Vipul J. Chheda as whole-time directors for three years, Informist reported.
Parag Chheda has been designated as joint managing director, while Vipul Chheda will serve as executive director.
Prince Pipes reported a consolidated net profit of ₹337.49 million for the June quarter, while revenue stood at ₹6.09 billion, according to the company's financial results cited in the report.
Shares of Prince Pipes closed at ₹269.80 on the National Stock Exchange on Friday, gaining 4.3% from the previous session.
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