Prakash Pipes Limited announced that Company Secretary has placed Letter No. NSE/LIST-SOP/COMB/FTNES/0837 dated 14th October. 2022 received from NSE and the email received from BSE dated 14th October.

2022 before the Board of Directors of the Company in their meeting held on 14th November. 2022 and informed the Board that both NSE and BSE had levied a fine of INR 11,800/- (including GST) each on the Company as per SEBI circular No. SEBI/HO/C FD/CMD/C IR/P/2020/12 dated January 22, 2020 for non-compliance of Regulation 42(2) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.