Power & Instrumentation (Gujarat) Limited (PIGL) announced the allotment of 1,73,530 equity shares upon the conversion of warrants to a Non-Promoter, Manisha Vipulkumar Pathak. This decision was made during the Board of Directors' meeting held on March 03, 2026, which commenced at 04:00 P.M. and concluded at 05:30 P.M. The equity shares were allotted on a preferential basis at a price of ₹83.75 per share, which includes a premium of ₹73.75 per share. Consequent to this allotment, the company's paid-up equity capital has increased from ₹19,31,29,000 (1,93,12,900 equity shares of ₹10 each) to ₹19,48,64,300 (1,94,86,430 equity shares of ₹10 each). The total number of warrants converted is 1,73,530, with 26,470 warrants pending for conversion. Manisha Vipulkumar Pathak now holds 0.89% of the post-issue equity.
