Power & Instrumentation (Gujarat) Limited Allots Equity Shares Following Warrant Conversion
Ahmedabad, March 18, 2026 – Power & Instrumentation (Gujarat) Limited announced today that its Board of Directors approved the allotment of 5,43,531 equity shares following the conversion of convertible warrants. The allotment, executed at a premium of Rs. 73.75 per share, pertains to warrants initially issued on September 21, 2024.The conversion was carried out on a preferential basis to both promoter and non-promoter entities, in accordance with SEBI (Issue of Capital & Disclosures Requirement) Regulations, 2018.
As a result of this allotment, the company’s paid-up equity capital has increased to Rs. 20,86,89,000, comprising 2,08,68,900 equity shares with a face value of Rs. 10 each. Prior to the conversion, the paid-up equity capital stood at Rs. 20,32,53,690, consisting of 2,03,25,369 equity shares.
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