Power & Instrumentation (Gujarat) Limited — Important, 17-03-2025: Disclosure of material issue

The Board of Directors has allotted 2,50,000 equity shares upon the conversion of warrants to a non-promoter at a price of Rs. 83.75 per share, which includes a premium of Rs. 73.75. This step involves the conversion of part of the previously issued warrants, with the total allotment aggregating to 17,00,000 warrants available for conversion. Following this allotment, the allotted shares represent approximately 1.48% of the post-issue equity holding of the allottees. This significant move indicates a strategic shift that may enhance the company's capital base and liquidity. Investors should watch closely as this development could provide insights into the company's fundraising capabilities and future growth strategies.