PPPrince Pipes and Fittings542907Leadership appointment or

Q2/H1 results approved; Rajat Mishra named Chief Business Officer, Ashok Mehra to retire; ESOP 2017 terminated

Mr. Rajat Mishra appointed Chief Business Officer from November 03, 2026.

By ScoutQuest · Tue 3 Nov 2026, 1:42 PM IST · 2 min read

CBO appointment effective

Mr. Rajat Mishra appointed Chief Business Officer from November 03, 2026

CMO retirement date

Mr. Ashok Mehra, President – Chief Marketing Officer, retires at close of business on November 16, 2026

Q2 revenue from operations

Rs. 8,208.14 million against Rs. 5,945.74 million a year earlier

Three decisions from one board meeting

The Board of Prince Pipes and Fittings Ltd met on November 03, 2026 and approved the unaudited financial results for the quarter and half year ended September 30, 2026, a change in senior management, and the termination of the Employee Stock Option Scheme, 2017. The results are accompanied by a limited review report from the statutory auditors.

Senior management changes

• Mr. Rajat Mishra has been appointed Chief Business Officer and Senior Management Personnel with effect from November 03, 2026, on the recommendation of the Nomination and Remuneration Committee.
• Mr. Ashok Mehra, President – Chief Marketing Officer and Senior Management Personnel, will retire from the services of the Company with effect from the close of business hours on November 16, 2026.
• Mr. Mehra will continue in service until that date and will work closely with Mr. Mishra to ensure an orderly and seamless transition of responsibilities.
• Mr. Mishra's profile as set out in the update: commercial leadership experience across Building Materials, Adhesives, FMCG and Telecom sectors, a Postgraduate qualification in Management (Marketing) from Lucknow University, and key leadership positions held at Astral, Ashirvad, Pidilite, Mondelez International and Vodafone.

ESOP Scheme 2017

• The Board terminated the Employee Stock Option Scheme, 2017 with immediate effect, in accordance with the provisions of the Scheme, which authorises the Board to terminate it.

The quarter (Rs. in million, as printed)

• Revenue from operations: 8,208.14, against 5,945.74 in the same quarter a year earlier.
• Profit for the period: 477.64, against 146.33.

The half year (Rs. in million, as printed)

• Revenue from operations: 14,302.31, against 11,749.90.
• Profit for the period: 815.12, against 194.53.

What a reader can take away

• Two of the three items are people and policy: a new Chief Business Officer joining immediately, the Chief Marketing Officer retiring after a transition period, and the closure of the 2017 employee stock option framework.
• The revenue and profit lines above are year-on-year comparisons, shown separately for the three-month and six-month periods.
• The update states that the results were reviewed by the Audit Committee, approved by the Board, and carry the statutory auditors' limited review report.

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