PIGL Allots 6.78 Lakh Equity Shares via Preferential Issue at ₹83.75
PIGL allotted 6,78,000 equity shares upon warrant conversion via preferential issue at ₹83.75 per share. The company's paid-up capital increased to ₹18.70 crore. Allotments were made to Promoter Group entities, M/S POWER INFRA-CONS PRIVATE LIMITED and M/S PADMAVIR HOSPITALITY LLP.
The allotment of equity shares will dilute existing shareholding to some extent, but it also strengthens the company's capital structure. The amount raised is significant in relation to the company's current capital.
The company has successfully raised capital through a preferential allotment, which increases its equity base and indicates investor confidence.
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.
What to do with a filing like this
Power & Instrumentation (Gujarat) Limited filed this with the NSE as a statutory disclosure, categorised under equity fundraising. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by Power & Instrumentation (Gujarat) Limited. Read the original for the full detail.