Power & Instrumentation (Gujarat) Limited has informed regarding Disclosure of material issue

Warrants convertedFund Raising View source PDF Explain this filing

PIGL · price

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Price reactionminutes from the announcement price · days from the prior close

-1.4%Reaction day

₹101.38

prior close

₹101.53

announcement price

After-mkt

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Nifty Microcap 250market · in no size index; the smallest one is used+0.9%-2.2% vs market

Other Electrical Equipment peers, median of 47sector+0.3%-1.7% vs sector

On the reaction day the stock moved 2.2 pts less than Nifty Microcap 250 and 1.7 pts less than its Other Electrical Equipment peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

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15m

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30m

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Sessions after the filingfrom the prior close

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Reaction day

-1.4+0.9-2.2+0.3-1.7

Next day

-5.8-3.8-2.0-3.5-2.3

-1.9-1.0-0.8-0.3-1.5

+6.4+1.3+5.1+1.3+5.1

+2.6-1.5+4.1-2.8+5.3

-2.4-4.4+2.0-6.8+4.5

+5.5+0.7+4.8+0.2+5.3

15d

+19.4+12.6+6.8+14.8+4.5

+19.8+13.3+6.5+17.7+2.1

-0.6+16.4-16.9+17.4-17.9

+16.4+28.1-11.8+21.5-5.2

UpDownMarket · Nifty Microcap 250Sector · Other Electrical Equipment peers, median of 47Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

The board of Power & Instrumentation (Gujarat) Limited approved the allotment of 3,00,000 equity shares on March 19, 2026, through the conversion of equal number of warrants held by promoter group entity M/S Padmavir Hospitality LLP. The shares were allotted at Rs. 83.75 per share, which includes a premium of Rs. 73.75 over the face value of Rs. 10. Following this allotment, the allottee's stake in the company rose from 6.71% (14,00,000 shares) to 8.03% (17,00,000 shares). The company's paid-up equity capital increased from Rs. 20.87 crore to Rs. 21.17 crore, with total shares rising to 2,11,68,900. This completes the full conversion of warrants previously issued to Padmavir Hospitality LLP.

Likely market impact

This is a routine warrant conversion by the promoter group, resulting in a minor dilution of about 1.44% for existing shareholders. The promoter group's increased stake signals continued confidence in the company, though it also means slight equity dilution for non-promoter shareholders.