{"schema_version":"secwatch.filing_event.v1","accession":"0001437749-26-036229","form_type":"8-K","ticker":"PPIH","cik":"0000914122","company_name":"Perma-Pipe International Holdings, Inc.","filed_at":"2026-11-10T22:12:53+00:00","discovered_at":"2026-11-10T22:14:00.270809+00:00","generated_at":"2026-11-10T22:14:04.003596+00:00","sec_items":["1.01","9.01"],"event_type":"m_and_a","sentiment":"positive","materiality_score":0.3,"calibrated_materiality_score":0.3,"confidence":"high","headline":"Perma-Pipe buys 51% of new Welspun India coating JV for INR 51,000; Welspun Corp holds 49%","bullets":["Perma-Pipe Qatar, a PPIH wholly owned subsidiary, agreed Nov 4, 2026 to buy 5,100 shares (51%) of Welspun Special Coating Private Limited for INR 51,000 cash; Welspun Corp pays INR 49,000 for 49%.","Target WSCPL is newly formed to provide internal fusion-bonded epoxy (IFBE) coating for steel pipe in India, adding IFBE to Perma-Pipe's service offering and an export platform.","Closing due within five days of the last required document (valuation certificates, authorizing resolutions); deal auto-terminates if not closed within 10 days of the Nov 4 execution date.","Board to expand to five directors, with Perma-Pipe nominees Saleh Sagr and Paras Devidas Karani; Ketan Hasmukhlal Patel resigns; articles amended for a shareholders' agreement with Welspun.","CEO Saleh Sagr said the JV expands Perma-Pipe's global coating capabilities and presence in strategically important markets such as India."],"urls":{"canonical":"https://secwatch.observer/filing/0001437749-26-036229","json":"https://secwatch.observer/filing/0001437749-26-036229.json","markdown":"https://secwatch.observer/filing/0001437749-26-036229.md","text":"https://secwatch.observer/filing/0001437749-26-036229.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/914122/000143774926036229/0001437749-26-036229-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/914122/000143774926036229/ppih20261106c_8k.htm"},"model":{"generated_by":"deepseek-v4.1-flash:cloud@v2","generated_at":"2026-11-10T22:14:04.003596+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}