Power & Instrumentation (Gujarat) Limited — Board Meeting, 17-03-2025: Outcome of Board Meeting

The Board of Directors has announced a board meeting outcome where they approved the allotment of 2,50,000 equity shares at a premium of ₹73.75 each, resulting from the conversion of an equal number of convertible warrants. This action pertains to the earlier issuance of 50,96,000 convertible warrants provided to the promoter group on a preferential basis. This strategic move is expected to enhance the company's equity structure and potentially strengthen its financial position.