Power & Instrumentation (Gujarat) Limited — Important, 03-03-2026: Disclosure of material issue

PIGL Alert: The company's Board has approved the allotment of 1.73 lakh new equity shares at Rs 83.75/share (including a Rs 73.75 premium) to a non-promoter, following the conversion of warrants.

This conversion boosts PIGL's paid-up equity capital from Rs 19.31 Cr to Rs 19.49 Cr, resulting in a minor dilution of approximately 0.89% for existing shareholders. It's a standard step in a preferential issue, showing the warrant holder's confidence in the company by opting to convert.