Summary of Key Information:

Reporting Period (Quarter/Year): Not Applicable (Board Meeting Decisions)

Nature of Filing / Announcement: Outcome of Board Meeting under SEBI LODR Regulations 30 & 33

Audit Opinion:

Not Specified

Auditor’s Comment:

Not Specified

Key Financial Highlights:

Not Specified

Corporate Actions:

  • Employee Stock Option Plan 2026: The Board approved the 'Power and Instrumentation (Gujarat) Limited Employee Stock Option Plan 2026' (PIGL ESOP), subject to shareholder approval via a special resolution. The plan involves creating, offering, issuing, and allotting stock options to eligible employees and directors (excluding Independent Directors, promoters, or anyone holding over 10% of shares). The maximum number of options granted shall not exceed 200,000, convertible into an equal number of equity shares (face value ₹10 each). The exercise price will be determined by the Compensation Committee but will not be less than the face value. The indicative vesting schedule is 25% at the end of each of the first four years from the grant date, with a minimum vesting period of one year. The exercise period shall not exceed one year from the respective vesting date.
  • Related Party Transactions: The Board approved related party transactions with Peaton Electrical Company Limited, subject to approval by members at the ensuing 42nd Annual General Meeting.

Other Significant Information:

  • The notice of the AGM and the Annual Report will be available on the company's website: https://grouppower.org/annual-reports.
  • The company's Registered Office is at B-1104, Sankalp Iconic Tower, Opp. Vikaramnagar, Iscon Temple Cross Road, S.G. Highway, Ahmedabad-380058, Gujarat, India.
  • Company CIN: L32201GJ1983PLC006456.