Power & Instrumentation (Gujarat) Limited — Important, 12-02-2026: Disclosure of material issue

PIGL: Board approved allotment of 6.12 lakh equity shares to the Promoter Group (M/S Padmavir Hospitality LLP) at ₹83.75/share, converting existing warrants.

**Issue & Impact:**

This move infuses approximately ₹5.13 Cr into the company. Consequently, PIGL's total paid-up equity capital rises from ₹18.70 Cr (1.87 Cr shares) to ₹19.31 Cr (1.93 Cr shares), leading to equity dilution for existing shareholders. M/S Padmavir Hospitality LLP's stake in PIGL has increased from 4.21% to 7.25% post-allotment.

**Company's Response:**

This allotment is part of a previously approved preferential issue, with the company acting on the request for warrant conversion.

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