• Perma-Pipe agreed through its Qatar subsidiary to acquire a 51% stake in Welspun Special Coating, forming an Indian joint venture.
• Welspun Corp will acquire the remaining 49% from its wholly owned subsidiary, Welspun DI Pipes.
• The venture will add internal fusion-bonded epoxy coating services to the group's offering, targeting domestic and export opportunities in India.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Perma-Pipe International Holdings Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001437749-26-036229), on November 10, 2026, and is solely responsible for the information contained therein.