Power & Instrumentation (Gujarat) Limited has informed the Exchange regarding Board meeting held on February 12, 2026.

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

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₹127.30

prior close

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announcement price

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Nifty Microcap 250market · in no size index; the smallest one is used-0.5%+2.6% vs market

Other Electrical Equipment peers, median of 45sector+0.0%+2.1% vs sector

On the reaction day the stock moved 2.6 pts more than Nifty Microcap 250 and 2.1 pts more than its Other Electrical Equipment peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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AI summary

The Board of Power & Instrumentation (Gujarat) Limited approved the allotment of 6,12,000 equity shares of Rs. 10 each at a premium of Rs. 73.75 per share, pursuant to the conversion of an equal number of convertible warrants held by the Promoter group. These warrants were originally part of a larger issue of 50,96,000 convertible warrants allotted on September 21, 2024. As a result, the company's paid-up equity capital rose from Rs. 18.70 crore to Rs. 19.31 crore, with total equity shares increasing from 1,87,00,900 to 1,93,12,900. The conversion was done on a preferential basis under SEBI's ICDR Regulations.

Likely market impact

This is a promoter-driven equity infusion with no change in promoter ownership percentage, so there is no dilution for existing public shareholders. The conversion strengthens the company's capital base and signals promoter confidence, though it does increase the total share count slightly.