Power & Instrumentation (Gujarat) Limited (PIGL) announced the allotment of 6,78,000 equity shares upon the conversion of warrants on a preferential basis. The Board of Directors, in a meeting held on January 31, 2026, commenced at 11:50 A.M. and concluded at 12:20 P.M., approved this allotment at a price of ₹83.75 per share, which includes a premium of ₹73.75 per share. This issuance was made to the Promoter group and Non-Promoter investors. Following this allotment, the company's paid-up equity capital has increased from ₹18,02,29,000, comprising 1,80,22,900 equity shares of ₹10 each, to ₹18,70,09,000, consisting of 1,87,00,900 equity shares of ₹10 each. The details of the allottees include M/S POWER INFRA-CONS PRIVATE LIMITED and M/S PADMAVIR HOSPITALITY LLP. The total number of warrants pending for conversion stands at 9,12,000.
