Power & Instrumentation (Gujarat) Limited — Important, 18-03-2026: Disclosure of material issue

Power & Instrumentation (Gujarat) Limited (PIGL) has increased its stake in subsidiary Peaton Electrical Company Limited (PECL) to 60%.

**Issue:** PIGL has acquired an additional 8.94% stake in PECL for Rs. 3.13 Cr in cash. This is a strategic move to deepen its relationship with the subsidiary.

**Possible Impact:** This acquisition aims to foster stronger collaboration between PIGL and PECL on product development and new technologies. It will establish a preferred relationship for the supply of key electrical materials like LT panels and Bus Trunking systems. PECL, which specializes in manufacturing these products (with a FY24-25 turnover of Rs. 36.04 Cr), will invest in creating incremental capacity to meet PIGL's requirements. This move is expected to enhance PIGL's supply chain and drive future synergies.

**Company's Response:** The acquisition, identified as a related party transaction, was carried out at arm's length, ensuring fair terms, and received approvals from the Audit Committee and the Board of Directors.