PIGL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Power and Instrumentation (Gujarat) Ltd filed a nil deviation statement confirming no variances in fund utilization. The company raised approximately Rs. 1976.19 lakhs through conversion of 31,46,000 warrants into equity shares across 7 conversion dates between January 19 and March 19, 2026. The funds were allocated for share acquisition and working capital as originally intended. The Audit Committee reviewed and certified that all funds were utilized as per the disclosed objects with zero deviation. After this conversion, no warrants remain outstanding.
This is a positive compliance signal for shareholders confirming that funds raised through warrant conversions were used exactly as disclosed with no deviations from the stated objects.