Power & Instrumentation (Gujarat) Limited Allots Equity Shares Following Warrant Conversion
Power & Instrumentation (Gujarat) Limited announced on March 19, 2026, that its Board of Directors approved the allotment of 300,000 equity shares. The shares were issued on a preferential basis to promoters and non-promoters following the conversion of 300,000 convertible warrants. These warrants were initially issued and allotted on September 21, 2024.The equity shares have a face value of Rs. 10 each, with a premium of Rs. 73.75 per share. This conversion results in an increase in the company’s paid-up equity capital from Rs. 208,689,000, comprising 20,868,900 equity shares, to Rs. 211,689,000, now consisting of 21,168,900 equity shares.
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