Power & Instrumentation (Gujarat) Limited — Board Meeting, 19-02-2025: Outcome of Board Meeting

The Board of Directors has announced a board meeting outcome, approving the allotment of 5.50 lakh equity shares at a premium of ₹73.75 per share via the conversion of an equal number of convertible warrants, previously issued to the Promoter Group. This transaction involves the conversion of warrants that were allotted in September 2024. This decision may positively impact the company’s funding capabilities and strengthen promoter accountability.