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30 announcements match the current filters (relevance ≥ 5).
PIGL wins ₹6.06 Cr order under KUSUM-C Solar Project in Maharashtra
Power & Instrumentation (Gujarat) Limited (PIGL) has received a work order worth ₹6.06 Cr (exclusive of GST) from Mahesh Solar Solution Private Limited. The contract entails the supply of 11kV ICOG Panels and Inverter LT Panels for the KUSUM-C Solar PV Project across 11 sites in Maharashtra. The order represents approximately 2.7% of PIGL's TTM revenue of ₹222 Cr and is scheduled for completion within 5-6 weeks from drawing approval.
Confidence: HIGH
What changedPIGL bagged a ₹6.06 Cr domestic equipment supply contract for the KUSUM-C solar project across 11 sites in Maharashtra.
Why it mattersWhile modest at ~2.7% of TTM revenue, it reinforces PIGL's focus on expanding within the renewable and solar electrical equipment space.
Order value: ₹6,05,76,260Order vs TTM revenue: ~2.73%Execution timeline: 5-6 weeks from date of drawing approvalSites covered: 11 sites
📅 Short termPositive for near-term revenue visibility given the rapid 5-6 week turnaround post-drawing approval.
📈 Long termSupports the company's stated strategy to leverage panel manufacturing and participate in renewable energy/KUSUM initiatives, though order size is incremental.
⚠ Risk flags
- Execution delays dependent on drawing approvals
- Raw material price volatility (copper/steel) impacting electrical panel margins
Key Highlights
Order value of ₹6,05,76,260 exclusive of GST
Scope covers supply of 11kV ICOG Panels and Inverter LT Panels across 11 sites
Execution timeline set at 5-6 weeks from the date of drawing approval
Awarded under the KUSUM-C Scheme (Feeder Level Solarization) by Mahesh Solar Solution Pvt Ltd
👀 What to Watch
Track drawing approvals and delivery execution over the next 5-6 weeks, alongside revenue recognition in upcoming quarterly results.
PIGL Approved as Specialized Agency by AAI for Hisar Airport Power Supply Works
Power & Instrumentation (Gujarat) Limited (PIGL) has received an approval letter dated September 11, 2026, from the Airports Authority of India (AAI) for the Hisar Airport Project. Under this approval, PIGL will act as a Specialized Agency to execute power supply system works including substation equipment, DG sets, transformers, HT/LT panels, cabling, and APFC panels. The filing does not disclose a specific contract or monetary order value at this stage. This qualification reinforces PIGL's standing in technical electrical infrastructure projects alongside its TTM revenue base of Rs 222 Cr.
Confidence: MEDIUM
What changedPIGL obtained formal approval from AAI as a Specialized Agency for power supply system works at Hisar Airport.
Why it mattersEnables the company to execute specialized electrical infrastructure work directly for AAI, strengthening its technical credentials for large public infrastructure projects.
Approval Date: 11 September 2026Order Value: not disclosedTTM Revenue: Rs 222 Cr
📅 Short termProvides positive sentiment regarding government project empanelment, though financial upside depends on the final work order quantum.
📈 Long termSupports PIGL's strategic objective of scaling operations and qualifying for higher-ticket infrastructure and airport electrification contracts.
⚠ Risk flags
- Contract value not disclosed
- Execution timeline and formal work order issuance pending
Key Highlights
Approval letter received from Airports Authority of India (AAI) dated 11 September 2026
PIGL qualified as Specialized Agency for Hisar Airport Project power supply system works
Scope covers substation equipment, DG sets, transformers, HT/LT panels, cabling, and APFC panels
Contract value and validity period are not disclosed in the filing
👀 What to Watch
Watch for subsequent formal contract awards or purchase orders specifying the monetary value and execution timelines for the Hisar Airport Project.
Q1 FY27 Cons. Revenue Up 18.4% YoY to ₹48.90 Cr; PAT Increases 16.4% YoY to ₹3.05 Cr
Power & Instrumentation (Gujarat) Limited reported a consolidated revenue from operations of ₹48.90 Cr (₹4,889.52 Lakhs) for Q1 FY27, marking an 18.38% YoY growth compared to ₹41.30 Cr in Q1 FY26. Consolidated Profit After Tax (PAT) rose 16.35% YoY to ₹3.05 Cr (₹304.51 Lakhs) from ₹2.62 Cr in the corresponding quarter last year, though it moderated sequentially from ₹3.93 Cr in Q4 FY26. Consolidated performance reflects the contribution from subsidiary Peaton Electrical Company Limited, where the company's stake reached 60.00%. Basic EPS for the quarter came in at ₹1.44 compared to ₹1.50 in Q1 FY26 on an expanded equity base.
Confidence: HIGH
What changedPIGL reported Q1 FY27 earnings showing YoY revenue and PAT expansion, and appointed a new Secretarial Auditor following a resignation.
Why it mattersReflects ongoing top-line scaling supported by the full operational integration of Peaton Electrical, strengthening in-house panel manufacturing capabilities.
Consolidated Revenue (Q1 FY27): ₹4,889.52 LakhsConsolidated PAT (Q1 FY27): ₹304.51 LakhsYoY Revenue Growth: 18.38%YoY PAT Growth: 16.35%Stake in Peaton Electrical: 60.00%
📅 Short termStable YoY operational growth provides earnings support, though sequential contraction reflects typical project execution seasonality.
📈 Long termStrategic integration of Peaton Electrical and expansion into renewable EPC and storage infrastructure are key for sustaining long-term growth.
⚠ Risk flags
- Sequential revenue decline of 16.46% compared to Q4 FY26 (₹58.53 Cr)
- Raw material cost volatility impacting electrical panel manufacturing margins
- Casual vacancy in Secretarial Auditor due to resignation
Key Highlights
Consolidated revenue from operations increased 18.38% YoY to ₹4,889.52 Lakhs.
Consolidated PAT grew 16.35% YoY to ₹304.51 Lakhs (PAT attributable to owners at ₹288.76 Lakhs).
Holding in manufacturing subsidiary Peaton Electrical Company Limited increased to 60.00%.
Paid-up equity share capital stood at ₹2,116.89 Lakhs with Q1 EPS of ₹1.44.
👀 What to Watch
Track execution traction in Solar EPC and BESS projects along with quarterly margin trends amidst raw material price changes.
PIGL Bags Additional Order Worth ₹3.72 Crore from Ajmer Vidyut Vitran Nigam
Power & Instrumentation (Gujarat) Limited (PIGL) has received an additional work order valued at ₹3.72 crore from Ajmer Vidyut Vitran Nigam Limited. This new order brings the total aggregate value for the distribution infrastructure project to ₹38.28 crore, following a previous contract awarded in October 2025. The project involves the supply, installation, and commissioning of 11 KV mixed feeders in Rajasthan under the RDSS scheme. The execution timeline is set for 15 months, providing clear revenue visibility for the company.
Key Highlights
Received an additional work order worth ₹3.72 crore from Ajmer Vidyut Vitran Nigam Limited.
Total project value increased to ₹38.28 crore including the previous order from October 2025.
Project involves infrastructure development for 11 KV mixed feeders under the RDSS scheme in Rajasthan.
The contract is scheduled to be executed within a period of 15 months.
The order is a domestic contract and does not involve any related party transactions.
👀 What to Watch
Investors should track the company's execution progress over the 15-month period to ensure timely revenue recognition. The continued order flow under the RDSS scheme reflects a positive growth trajectory in the power distribution segment.
PIGL FY26 Net Profit Rises 14.4% to ₹13.45 Cr; Revenue Up 18.5% YoY
Power & Instrumentation (Gujarat) Limited (PIGL) reported a solid annual performance for FY26, with revenue from operations growing 18.5% to ₹200.04 crore. Net profit for the full year increased to ₹13.45 crore from ₹11.75 crore in the previous fiscal, resulting in an EPS of ₹7.71. While annual figures were strong, the fourth quarter (Q4) saw a contraction in revenue to ₹46.27 crore compared to ₹55.09 crore in Q4 FY25. Notably, the auditors issued a qualified opinion on the consolidated results, which warrants investor attention.
Key Highlights
Annual Revenue from Operations increased by 18.5% YoY to ₹20,004.16 Lakhs.
Full-year Profit After Tax (PAT) grew 14.4% to ₹1,344.93 Lakhs compared to ₹1,175.22 Lakhs in FY25.
Basic Earnings Per Share (EPS) for the year improved to ₹7.71 from ₹6.61 in the previous year.
The Board ratified the appointment of Ms. Daisy Mehta as Company Secretary and Compliance Officer (KMP).
Statutory Auditors issued an unmodified opinion on standalone results but a qualified opinion on consolidated results.
👀 What to Watch
Investors should take confidence in the double-digit annual profit growth and improved EPS, but should investigate the specific nature of the auditor's qualification on the consolidated financial statements.
PIGL Bags Additional Order of ₹7.14 Crore; Total Project Value Reaches ₹75.36 Crore
Power & Instrumentation (Gujarat) Limited (PIGL) has secured an additional work order worth ₹7.14 crore from Ajmer Vidyut Vitran Nigam Limited. This order is an extension of a previous contract worth ₹68.22 crore, bringing the total consolidated value for the Dungarpur project to ₹75.36 crore. The project involves developing distribution infrastructure for 11 KV mixed feeders in Rajasthan under the RDSS Scheme. The company is required to complete the execution within a 180-day timeline.
Key Highlights
Additional work order of ₹7.14 crore received from Ajmer Vidyut Vitran Nigam Limited
Total project value for the Dungarpur Circle works increased to ₹75.36 crore
Project involves supply, installation, and commissioning under the RDSS Scheme on a turnkey basis
Execution timeline set for 180 days from the date of the letter of award
👀 What to Watch
Investors should view this as a positive development for the company's order book and revenue visibility. Monitor the company's ability to meet the 180-day execution deadline to ensure timely revenue recognition.
PIGL Appointed as Channel Partner for Greaves Cotton DG Sets in Gujarat
Power & Instrumentation (Gujarat) Limited (PIGL) has secured a Letter of Intent from Greaves Cotton Limited to act as a channel partner for the sale of Diesel Generator (DG) Sets. This partnership targets specific cities in Gujarat, aiming to enhance PIGL's footprint in the energy solutions market. The current agreement is valid for a six-month period from May 15, 2026, to November 11, 2026. This collaboration is expected to provide a boost to the company's industrial sales segment and revenue growth in its home state.
Key Highlights
Received Letter of Intent (LOI) from Greaves Cotton Limited for DG Set sales distribution
Designated as the authorized channel partner for specific urban centers in Gujarat
Agreement validity period established from May 15, 2026, to November 11, 2026
Strategic move to strengthen the company's energy solutions and industrial equipment portfolio
👀 What to Watch
Investors should monitor the impact of this partnership on quarterly revenue and look for potential extensions of the agreement beyond the initial six-month term. This tie-up with a major brand like Greaves Cotton enhances PIGL's market credibility.
PIGL Secures New Orders Worth ₹2.62 Cr; Total Udaipur Project Value Hits ₹60.51 Cr
Power & Instrumentation (Gujarat) Limited (PIGL) has received two additional work orders worth ₹2.62 crore for the Udaipur Air Terminal project in Rajasthan. These orders, awarded by Nyati Engineering & Consultants Private Limited, involve the design, supply, and commissioning of electrical power supply systems. With this addition, the total aggregate value of the company's involvement in the Udaipur Air Terminal project has risen to ₹60.51 crore. The execution timeline is notably short, with completion expected within 4-8 weeks of drawing approvals.
Key Highlights
Received two new work orders totaling ₹2,61,92,342 including GST.
Total aggregate value for the Udaipur Air Terminal project now stands at ₹60.51 crore.
Scope includes design, supply, installation, and commissioning of power supply systems.
Execution timeline is set for 4-8 weeks from the approval of General Arrangement drawings.
👀 What to Watch
Investors should track the company's execution efficiency given the short 4-8 week delivery window. The increasing scale of the Udaipur project reflects strong revenue visibility and specialized expertise in airport infrastructure.
PIGL Bags ₹11.72 Crore Additional Order from Ajmer Vidyut Vitran Nigam
Power & Instrumentation (Gujarat) Limited (PIGL) has secured an additional work order worth ₹11.72 crore from Ajmer Vidyut Vitran Nigam Limited. The contract involves the supply, installation, and commissioning of distribution infrastructure for on-grid electrification in 9 circles across Rajasthan. This project is part of the RDSS scheme and is scheduled for completion within a 12-month timeframe. This additional order reinforces the company's strong relationship with state utilities and adds to its revenue pipeline.
Key Highlights
Additional work order worth ₹11,72,16,053 (including tax) from a domestic state utility.
Project involves electrification of un-electrified households in 9 circles including Ajmer, Udaipur, and Sikar.
Execution timeline is set for 12 months on a turnkey basis.
The order is part of the Dharti Aaba Janjatiya Gram Utkarsh Abhiyana (DA-JGUA) under the RDSS scheme.
👀 What to Watch
Investors should view this as a positive development for revenue visibility; monitor the company's ability to maintain margins on these turnkey government projects.
PIGL Allots 3 Lakh Equity Shares to Promoter Group via Warrant Conversion at Rs 83.75
Power & Instrumentation (Gujarat) Limited (PIGL) has allotted 3,00,000 equity shares to the promoter group entity, M/S Padmavir Hospitality LLP, following the conversion of warrants. The shares were issued at a price of Rs. 83.75 each, including a premium of Rs. 73.75 per share. This conversion has increased the company's total paid-up equity capital to Rs. 21.17 crore. The promoter entity's holding in the company has increased from 6.71% to 8.03% following this specific allotment.
Key Highlights
Allotment of 3,00,000 equity shares to Promoter Group entity M/S Padmavir Hospitality LLP.
Conversion price set at Rs. 83.75 per share, including a premium of Rs. 73.75.
Total paid-up equity capital increased from 2,08,68,900 to 2,11,68,900 shares.
The specific allottee's stake increased from 6.71% to 8.03% post-allotment.
This completes the conversion of the 17,00,000 warrants previously held by the promoter entity.
👀 What to Watch
Investors should view the promoter's decision to convert warrants and increase their stake as a sign of long-term commitment to the company. Monitor how the infused capital is utilized for future growth or debt reduction.
PIGL Allots 3 Lakh Equity Shares on Warrant Conversion; Paid-up Capital Rises to Rs 21.17 Cr
Power & Instrumentation (Gujarat) Limited has approved the allotment of 3,00,000 equity shares following the conversion of warrants issued in September 2024. The shares were issued at a price of Rs 83.75 each, which includes a premium of Rs 73.75 per share. This move has increased the company's total paid-up equity capital from Rs 20.87 crore to Rs 21.17 crore. The allotment was made to both promoter and non-promoter groups, signaling continued stakeholder commitment to the company's capital structure.
Key Highlights
Allotment of 3,00,000 equity shares of Rs 10 face value each upon warrant conversion
Shares issued at a total price of Rs 83.75 per share, including a premium of Rs 73.75
Total paid-up equity capital increased to Rs 21,16,89,000 consisting of 2,11,68,900 shares
Warrants converted were part of an original batch of 50,96,000 warrants issued in September 2024
👀 What to Watch
Investors should note the capital infusion as a positive sign of confidence from warrant holders, while remaining aware of the minor equity dilution resulting from the increase in share count.
PIGL to Acquire Additional 8.94% Stake in Peaton Electrical for ₹3.13 Crore, Raising Stake to 60%
Power & Instrumentation (Gujarat) Limited (PIGL) is increasing its stake in its subsidiary, Peaton Electrical Company Limited (PECL), by 8.94% for a cash consideration of ₹3.13 crore. This move raises PIGL's total shareholding in the entity to 60%. PECL is a manufacturer of electrical substations and panels, showing strong growth with turnover rising from ₹23.63 crore in FY24 to ₹36.04 crore in FY25. The acquisition is intended to strengthen product development and secure supply chains for LT panels and bus trunking systems.
Key Highlights
Acquisition of additional 8.94% stake in Peaton Electrical Company Limited for ₹3.13 crore cash.
Total shareholding in the subsidiary increases from 51.06% to 60%.
Target company PECL reported a turnover of ₹36.04 crore in FY 2024-25, a 52% increase over the previous year.
Strategic collaboration aimed at capacity expansion for LT panels and Bus Trunking Systems.
👀 What to Watch
Investors should look favorably on this consolidation of a growing subsidiary that aligns with PIGL's core business. Monitor the impact of this increased ownership on consolidated earnings in upcoming quarters.
PIGL Allots 5.43 Lakh Equity Shares on Warrant Conversion at ₹83.75 Per Share
Power & Instrumentation (Gujarat) Limited (PIGL) has approved the allotment of 5,43,531 equity shares following the conversion of warrants. The shares were issued at a price of ₹83.75 each, which includes a premium of ₹73.75 per share. This conversion involves both promoter and non-promoter entities, signaling continued investor confidence. Consequently, the company's paid-up equity capital has increased from ₹20.33 crore to approximately ₹20.87 crore.
Key Highlights
Allotment of 5,43,531 equity shares upon conversion of warrants to 6 investors.
Conversion price fixed at ₹83.75 per share, including a premium of ₹73.75.
Promoter Padmaraj P Pillai HUF converted 2,15,000 warrants, increasing their holding to 3.83%.
Total paid-up equity capital increased to ₹20,86,89,000 consisting of 2,08,68,900 shares.
This allotment clears the remaining pending warrants for the specified six allottees.
👀 What to Watch
The conversion of warrants by promoters and key investors at a premium is a positive indicator of long-term commitment. Investors should monitor the company's utilization of these funds for its expansion or debt reduction plans.
PIGL Approves Allotment of 5.43 Lakh Equity Shares via Warrant Conversion
Power & Instrumentation (Gujarat) Limited (PIGL) has approved the allotment of 5,43,531 equity shares following the conversion of warrants issued in September 2024. The shares were allotted at a total price of Rs. 83.75 per share, which includes a premium of Rs. 73.75. This conversion is part of a larger pool of 50.96 lakh warrants previously issued to both promoter and non-promoter groups. Consequently, the company's paid-up equity capital has increased from Rs. 20.32 crore to Rs. 20.87 crore.
Key Highlights
Allotment of 5,43,531 equity shares of Rs. 10 face value each.
Shares issued at a premium of Rs. 73.75 per share, totaling Rs. 83.75 per share.
Conversion pertains to warrants originally issued on September 21, 2024.
Total paid-up equity capital increased to Rs. 20,86,89,000 consisting of 2,08,68,900 shares.
Allotment made on a preferential basis to both Promoter and Non-promoter categories.
👀 What to Watch
Investors should note the capital infusion as a sign of long-term commitment from the promoters, though they should remain aware of the gradual equity dilution as the remaining warrants are converted.
PIGL Allots 3.54 Lakh Equity Shares on Warrant Conversion at Rs 83.75 Per Share
Power & Instrumentation (Gujarat) Limited (PIGL) has allotted 3,54,339 equity shares following the conversion of warrants issued on a preferential basis. The shares were issued at a price of Rs. 83.75 each, including a premium of Rs. 73.75, to both promoter and non-promoter entities. This conversion has increased the company's paid-up equity capital from Rs. 19.97 crore to approximately Rs. 20.33 crore. The promoter group's participation through Padmaraj P Pillai HUF signifies continued commitment to the company's capital structure.
Key Highlights
Allotment of 3,54,339 fully paid-up equity shares upon warrant conversion
Conversion price fixed at Rs. 83.75 per share, including a premium of Rs. 73.75
Total paid-up equity capital increased to 2,03,25,369 shares of Rs. 10 each
Promoter entity Padmaraj P Pillai HUF allotted 3,00,000 shares upon conversion
Remaining warrants pending for conversion for these allottees stand at 2,81,061
👀 What to Watch
Investors should note the promoter's exercise of warrants as a positive sign of internal confidence. Monitor how the infused capital is utilized for the company's expansion or operational improvements.
PIGL Allots 3.54 Lakh Equity Shares via Warrant Conversion at Rs 83.75
Power & Instrumentation (Gujarat) Limited (PIGL) has approved the allotment of 3,54,339 equity shares following the conversion of warrants issued in September 2024. The shares were issued at a total price of Rs 83.75 per share, which includes a premium of Rs 73.75. This allotment has increased the company's total paid-up equity capital from Rs 19.97 crore to Rs 20.33 crore. The conversion involves both promoter and non-promoter entities, signaling continued stakeholder commitment and capital infusion.
Key Highlights
Allotment of 3,54,339 equity shares upon conversion of an equal number of warrants
Issue price set at Rs 83.75 per share, including a premium of Rs 73.75
Total paid-up equity capital increased to Rs 20,32,53,690 from Rs 19,97,10,300
Warrants were part of a larger issuance of 50.96 lakh warrants from September 2024
Allotment made on a preferential basis to both Promoter and Non-promoter groups
👀 What to Watch
The conversion indicates investor confidence and strengthens the company's capital base; however, shareholders should monitor the impact of equity dilution on future earnings per share.
PIGL Allots 4.84 Lakh Equity Shares via Warrant Conversion at Rs 83.75/Share
Power & Instrumentation (Gujarat) Limited has allotted 4,84,600 equity shares following the conversion of warrants by promoter and non-promoter groups. The shares were issued at a price of Rs. 83.75 each, including a premium of Rs. 73.75. This conversion has increased the company's paid-up equity capital from Rs. 19.48 crore to Rs. 19.97 crore. The allotment includes 2.85 lakh shares to the promoter group, indicating sustained commitment from the leadership.
Key Highlights
Allotment of 4,84,600 equity shares at an issue price of Rs. 83.75 per share.
Promoter group (Padmaraj P Pillai HUF) acquired 2,85,000 shares through this conversion.
Total paid-up equity capital increased to 1,99,71,030 shares of Rs. 10 each.
6,35,400 warrants remain pending for conversion from the current allotment batch.
👀 What to Watch
Investors should view the promoter's warrant conversion as a sign of confidence in the company's future growth. However, be mindful of the slight equity dilution resulting from the increased share count.
PIGL Allots 4.84 Lakh Equity Shares on Warrant Conversion at Rs 83.75 Per Share
Power & Instrumentation (Gujarat) Limited (PIGL) has approved the allotment of 4,84,600 equity shares following the conversion of warrants issued in September 2024. The shares were allotted at a price of Rs 83.75 each, which includes a premium of Rs 73.75 per share. This conversion has increased the company's paid-up equity capital from Rs 19.48 crore to Rs 19.97 crore. The allotment was made on a preferential basis to both Promoter and Non-promoter groups, signaling continued stakeholder commitment.
Key Highlights
Allotment of 4,84,600 equity shares upon conversion of an equal number of warrants.
Issue price fixed at Rs 83.75 per share, including a premium of Rs 73.75.
Total paid-up equity shares increased from 1,94,86,430 to 1,99,71,030.
Warrants were part of a larger tranche of 50,96,000 warrants issued in September 2024.
Allotment includes participation from both Promoter and Non-promoter categories.
👀 What to Watch
Investors should view this as a positive sign of capital infusion and promoter confidence. Monitor the company's upcoming quarterly results to see how this additional capital is being deployed for business expansion.
PIGL Allots 1.73 Lakh Equity Shares via Warrant Conversion at Rs 83.75
Power & Instrumentation (Gujarat) Limited (PIGL) has allotted 1,73,530 equity shares to a non-promoter investor, Manisha Vipulkumar Pathak, following the conversion of warrants. The shares were issued at a price of Rs. 83.75 per share, which includes a premium of Rs. 73.75. This conversion has increased the company's total paid-up equity capital from Rs. 19.31 crore to Rs. 19.49 crore. This action is part of a larger preferential issue where 50.96 lakh warrants were originally issued to promoters and non-promoters.
Key Highlights
Allotment of 1,73,530 equity shares to a non-promoter at Rs. 83.75 per share.
Paid-up equity capital increased to 1,94,86,430 shares of Rs. 10 each.
The conversion price includes a significant premium of Rs. 73.75 per share.
Total warrants converted to date reach 34,13,530 out of the 50,96,000 initially issued.
Remaining 26,470 warrants for this specific allottee are still pending conversion.
👀 What to Watch
Investors should note the gradual equity dilution as warrants are converted, but the capital infusion strengthens the balance sheet. Monitor the company's deployment of these funds into its core power and instrumentation projects.
PIGL Allots 1.73 Lakh Equity Shares via Warrant Conversion at Rs 83.75 Per Share
Power & Instrumentation (Gujarat) Limited (PIGL) has approved the allotment of 1,73,530 equity shares following the conversion of warrants by non-promoter investors. These warrants were part of a larger batch of 50,96,000 warrants originally issued in September 2024. The conversion occurred at a price of Rs 83.75 per share, including a premium of Rs 73.75. Consequently, the company's total paid-up equity capital has increased from Rs 19.31 crore to Rs 19.49 crore.
Key Highlights
Allotment of 1,73,530 equity shares of Rs 10 face value each.
Shares issued at a premium of Rs 73.75, totaling Rs 83.75 per share.
Conversion is part of 50,96,000 warrants previously issued on September 21, 2024.
Paid-up equity capital increased to 1,94,86,430 shares from 1,93,12,900 shares.
Allotment made to non-promoter category investors on a preferential basis.
👀 What to Watch
Investors should note the minor equity dilution resulting from this conversion and monitor the remaining 49.22 lakh warrants that may be converted in the future. The conversion price of Rs 83.75 serves as a key reference point for the company's valuation by non-promoter participants.
