Investment19 Mar 2026, 04:38 pm
Power and Instrumentation (Gujarat) Ltd. Allots 3 Lakh Equity Shares Upon Conversion of Warrants
AI Summary
Power and Instrumentation (Gujarat) Ltd. has allotted 3,00,000 (Three lakh) Equity Shares upon conversion of warrants to Promoter Group at a price of Rs. 83.75/- including premium of Rs. 73.75/- per share on a preferential basis. This allotment has increased the company's paid-up equity capital from Rs. 20,86,89,000/- to Rs. 21,16,89,000/-. The allotment was made in compliance with regulation 30 read with Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The details of the allotment are provided in the enclosed Annexure-I & Annexure II.
Key Highlights
- Power and Instrumentation (Gujarat) Ltd. allotted 3,00,000 Equity Shares upon conversion of warrants to Promoter Group.
- The price of each share is Rs. 83.75, including a premium of Rs. 73.75.
- This allotment has increased the company's paid-up equity capital from Rs. 20,86,89,000/- to Rs. 21,16,89,000/-.
- The allotment was made in compliance with SEBI regulations and guidelines.
- The details of the allotment are provided in the enclosed Annexure-I & Annexure II.
Price Impact
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