PIGL Board Approves Q1 FY27 Results; Appoints New Secretarial Auditor
PIGL's Board approved Q1 FY27 results. The company appointed M/s. Nisarg Sharma & Associates as Secretarial Auditor for five years, filling a vacancy. Mr. Manav Rastogi was appointed as Director to a material subsidiary. No funds were raised, resulting in a Nil fund utilization variance.
The outcomes of the board meeting, such as financial result approval and auditor changes, are routine and do not represent a significant shift in the company's operations or financial standing.
The announcement reports on routine board meeting outcomes including financial results and auditor changes, with no significant positive or negative financial events.
Power & Instrumentation (Gujarat) Limited (PIGL) announced the outcome of its Board Meeting held on August 14, 2026. The Board approved the Unaudited Standalone and Consolidated Financial Results for the quarter ended June 30, 2026, along with the Limited Review Report.
The meeting also noted the resignation of M/s. Janki Shah & Associates as Secretarial Auditor, effective August 12, 2026. Subsequently, the Board considered and approved the appointment of M/s. Nisarg Sharma & Associates as the new Secretarial Auditor to fill the casual vacancy. This appointment is proposed for a term of five consecutive financial years, commencing from FY 2026-27 and ending with FY 2030-31, subject to member approval at the ensuing Annual General Meeting.
Furthermore, the Board approved the appointment of Mr. Manav Rastogi as a Director on the Board of its material subsidiary, Peaton Electrical Company Limited, subject to applicable formalities.
The company reported that there was no deviation or variation in the utilization of funds raised during the quarter, as no funds were raised during the period under review. The statement of Deviation/Variation for the quarter ended June 30, 2026, is Nil.
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