Power and Instrumentation Gujarat Ltd allots 1.73 Lakh Shares on Warrant Conversion

Power and Instrumentation (Gujarat) Limited announced that its Board of Directors approved the allotment of 1,73,530 fully paid-up equity shares upon conversion of an equal number of warrants to non-promoter allottee Manisha Vipulkumar Pathak at Rs. 83.75 per share, including a premium of Rs. 73.75.

The Board meeting was held on March 3, 2026, commencing at 4:00 P.M. and concluding at 5:30 P.M. This conversion leaves 26,470 warrants pending from Pathak's original 2,00,000 allocation. Previously, the company had converted 32,40,000 out of 50,96,000 total warrants issued to promoter group and non-promoters.

Post-allotment, paid-up equity capital increased from Rs. 19,31,29,000 (1,93,12,900 shares of Rs. 10 each) to Rs. 19,48,64,300 (1,94,86,430 shares). Pathak, with no pre-issue holding, now owns 1,73,530 shares representing 0.89% of post-issue equity.

Shares of Power & Instrumentation (Gujarat) Limited was last trading in BSE at Rs. 103.05 as compared to the previous close of Rs. 104.75. The total number of shares traded during the day was 5505 in over 154 trades.

The stock hit an intraday high of Rs. 108.00 and intraday low of 98.00. The net turnover during the day was Rs. 570158.00.

Source : Equity Bulls

Keywords

PowerandInstrumentationGujarat INE557Z01018 PIGL SharesAllotment WarrantConversion