Power and Instrumentation (Gujarat) Ltd

Power and Instrumentation (Gujarat) Ltd has received an additional work order worth ₹3,72,38,087 (including taxes) from Ajmer Vidyut Vitran Nigam Limited. This order is for the supply, erection, installation, testing, and commissioning of material/equipment for distribution infrastructure development under the RDSS scheme in Rajasthan. The work is to be executed on a turnkey basis and is expected to be completed within 15 months. This additional order brings the total order value to ₹38,28,38,087.

Power and Instrumentation (Gujarat) Limited has received an additional work order from Ajmer Vidyut Vitran Nigam Limited (AVVNL) amounting to ₹7,13,69,325.90. This new order increases the total value of the contract from AVVNL to ₹75,35,69,325.90. The project involves the supply, erection, installation, testing, and commissioning of material/equipment for developing distribution infrastructure to segregate 11 KV mixed feeders at Dungarpur Circle of Ajmer Discom, Rajasthan. This work is part of the RDSS Scheme and will be executed on a turnkey basis. The project completion schedule is 540 days from the date of the Letter of Award.

Power and Instrumentation (Gujarat) Ltd has scheduled a Board of Directors meeting on May 30, 2026, to consider and approve the audited financial results (standalone & consolidated) for the quarter and year ended March 31, 2026. The meeting will also address any other business with the chair's permission. The trading window, which closed on April 1, 2026, will reopen 48 hours after the results are declared.

Power and Instrumentation (Gujarat) Ltd. has received a Letter of Intent (LOI) from Greaves Cotton Limited to act as a channel partner for the sales of DG Sets in select cities of Gujarat. This arrangement is expected to strengthen the company's business presence in the energy solutions segment and enhance growth opportunities in Gujarat. The LOI is valid from May 15, 2026, to November 11, 2026.

Power and Instrumentation (Gujarat) Ltd has secured two new work orders totaling ₹2.61 crore (including GST) from Nyati Engineering & Consultants Private Limited. These orders are for the design, supply, installation, testing, commissioning, and client handover of power supply system electrical work at the Udaipur Air Terminal in Rajasthan. This latest award increases the aggregate value for the Udaipur Air Terminal project to ₹60.51 crore, building on previous orders. The project is expected to be completed within 4-8 weeks from the approval of the General Arrangement drawing.

Power and Instrumentation (Gujarat) Ltd has announced the closure of its trading window for dealing in securities. The closure will be in effect from Wednesday, April 01, 2026, until 48 hours after the declaration of the Audited Financial Results for the Quarter and year ended on March 31, 2026. The decision is in accordance with the Company’s Code of Conduct for Regulating, Monitoring and Reporting of Trading by Designated Persons and their Immediate Relatives, as framed under the SEBI (Prohibition of Insider Trading) Regulations, 2015. The Designated Persons and their Immediate Relatives are advised not to trade in the securities of the Company during this period.

Power and Instrumentation (Gujarat) Ltd has received an additional work order worth Rs. 11,72,16,053/- (Including tax) from Ajmer Vidyut Vitran Nigam Limited for supply, Erection, Installation, Testing and Commissioning of Material/Equipment for executing the works related to development of Distribution Infrastructure work for on-grid electrification of Un-electrified households (HHs) and public Institutions at 9 circles in tribal village of Ajmer Discom covered in Dharti Aaba Janjatiya Gram Utkarsh Abhiyana (DA-JGUA) under RDSS scheme on turnkey basis. The order is to be executed in 12 months.

Power and Instrumentation (Gujarat) Ltd, a company listed on the National Stock Exchange of India Limited and BSE Limited, has announced that Padmavir Hospitality LLP, a promoter group, has acquired a 7.25% stake in the company. The acquisition was made through the allotment of equity shares on a preferential basis. The total number of shares acquired is 14,00,000, which amounts to 6.61% of the total diluted capital. The transaction was completed on March 19, 2026.

Power and Instrumentation (Gujarat) Ltd has received a disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 from Padmaraj P Pillai HUF. The disclosure is regarding the allotment of equity shares upon conversion of warrants on Preferential Basis. The acquisition was made by Padmaraj P Pillai HUF, a Promoter group of the company. The acquisition took place on March 18, 2026, and the total voting rights after the acquisition stand at 3.83%.

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.