Power & Instrumentation (Gujarat) Limited — Important, 06-11-2025: Disclosure of material issue

PIGL's board has allotted 2.5 lakh new equity shares at Rs 83.75 each (including a premium of Rs 73.75 per share) to promoter and non-promoter investors. This move completes the conversion of previously issued warrants from a preferential issue, bringing in approximately Rs 2.09 Cr.

**Impact for Investors:**

This allotment increases the total number of outstanding shares, leading to a minor dilution for existing shareholders. The promoter group's stake has slightly increased, as have some non-promoter holdings (e.g., M/S POWER INFRA-CONS PRIVATE LIMITED's stake increased from 7.65% to 8.38%). This finalizes the capital raised via these specific warrants.