Power & Instrumentation (Gujarat) Limited — Important, 26-03-2025: Disclosure of material issue

The Board of Directors of POWER AND INSTRUMENTATION (GUJARAT) LIMITED has announced a board meeting to allot 6,10,000 equity shares upon the conversion of warrants to Non-Promoters at a price of Rs. 83.75 per share, which includes a premium of Rs. 73.75. This move is part of a preferential issue and will increase the equity stake of the allottees, particularly M/S POWER INFRA-CONS PRIVATE LIMITED, whose post-issue holding will rise to 11,60,000 shares, accounting for 6.64% of total equity.

This update may reflect positively on investor sentiment by enhancing liquidity and shareholder value, while also potentially signaling management’s proactive capital management strategy.