Venus Pipes and Tubes : Capacity addition/product launch

	Date: September 21, 2022
To,
BSE Limited	National Stock Exchange of India Limited
Corporate Relations Department	Exchange Plaza, Bandra Kurla Complex,
Phiroze Jeejeebhoy Towers,	Bandra (East), Mumbai - 400051
Dalal Street, Mumbai - 400001
BSE Scrip Code: 543528	NSE Symbol: VENUSPIPES

Subject: Intimation under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015

Reference: ISIN - INE0JA001018

Dear Sir/Madam,

Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we hereby inform that the Board of Directors of the Company in its meeting held today, has considered and approved the following items of business:

1. Appointment of M/s Goyal Swati & Co., Chartered Accountants, as an Internal Auditor of the Company for the Financial Year 2022-23.
2. Appointment of M/s Agrawal Mundra & Associates, Company Secretaries, as Secretarial Auditors of the Company for the Financial Year 2022-23.
3. Capacity Expansion for bigger diameter tube mill.

The details required to be furnished as per the SEBI circular number CIR/CFD/CMD/4/2015 dated September 9, 2015 are furnished hereunder as Annexure Ito this letter.

This intimation will also be hosted on the Company's website, at www.venuspipes.com.

This is for your information and records.

Thanking you,

For Venus Pipes & Tubes Limited

PAVAN KUMAR JAIN

Digitally signed by PAVAN KUMAR JAIN

DN: c=IN, postalCode=311202, st=RAJASTHAN, l=BHILWARA, o=Personal, title=4174, serialNumber=7218d35e6d0f992c0543f7e567d9fa3862c6372020aea7 bd6b5fdc21c3b35aec, pseudonym=417420220517162651346, 2.5.4.20=cd287888c33d002cd775bd75de7e08c7197100ef8e3058f8ee 394c1cd3e5da4f, email=[e-mail], cn=PAVAN

KUMAR JAIN

Date: 2022.09.21 20:55:05 +05'30'

CS Pavan Kumar Jain

Company Secretary and Compliance Officer

Membership No.A66752

Annexure - I

Appointment of M/s Goyal Swati & Co., Chartered Accountants, as an Internal Auditor of the Company for the Financial Year 2022-23:

Particulars	Details
Reason for change viz., appointment,	Appointment
resignation, removal, death or otherwise
Date of Appointment	September 21, 2022
Term of Appointment	For the Financial Year 2022-23
Brief Profile	Founded in 2020, and situated in Gujarat,
	providing services by following the best practices
	in the field of Assurance, Taxation and Advisory
	services. Revered by their professional ethics and
	technical expertise, they provide efficacious
	solutions to the clients' needs, running into deep
	engagements.
	Their philosophy is of partnering with their
	clients and not being just a distant service
	provider, Since businesses are inherently
	different, they tailor the services to meet clients'
	specific needs and banish the 'one-size-fits-all'
	standardization.
	They recruit, train, motivate and retain highly
	capable and sharpest talent, who bring quality in
	their work and deliver the best practices and
	highest standards to corporates.

Appointment of M/s Agrawal Mundra & Associates, Company Secretaries, as Secretarial Auditors of the Company for the Financial Year 2022-23:

Particulars	Details
Reason for change viz., appointment,	Appointment
resignation, removal, death or otherwise
Date of Appointment	September 21, 2022
Term of Appointment	For the Financial Year 2022-23
Brief Profile	Established in the year 2019, Agrawal Mundra &
	Associates (AMA) is a Company Secretary firm,
	which is being headed by young professionals
	who joined their hands together to merge their
	professional experience and bring it under one
	roof for delivering best services to their clients.
	AMA is an integrated corporate consultancy firm
	with rich experience in delivering consultancy in
	the areas of the Companies Act, LLP Act, FEMA,
	SEBI Listing Compliances, Income Tax Act and
	various other allied laws

Capacity Expansion for bigger diameter tube mill:

Particulars	Details
Existing Capacity	Welded pipe capacity of 700 MT per month with
	pipe size up to 8" inch
Existing Capacity utilization	~ 90%
Proposed Capacity Addition	This new line will increase the existing welded
	pipes range to maximum 20" inch (508mm)
	diameter and thickness up to SCH80s with a
	capacity by 700 mt per month
Period within which the proposed capacity is to	Expected around Q1 FY 2024.
be added
Investment Required	Rs. 50,00,00,000/- (Rupees Fifty Crores only)
Mode of Financing	The project will be funded through a mix of Debt
	(Term loan) & internal accruals
Rationale	To cater to future growth