Summary of Key Information:

Reporting Period (Quarter/Year): Quarter ended June 30, 2026 (Q1 FY27)

Nature of Filing / Announcement: Outcome of Board Meeting under Regulation 30 of SEBI (LODR) Regulations, 2015

Audit Opinion:

Limited Review Report issued by statutory auditor MaaK and Associates. The report states that based on their review, nothing has come to their attention that causes them to believe that the financial results contain any material misstatement. However, the report includes an Emphasis of Matter regarding inventory valuation.

Auditor’s Comment:

The auditor included an Emphasis of Matter stating: "The Company is into highly technical business field and inventory is being managed at various locations. The final value of the inventory has been calculated & certified by the management only being highly technical in nature due to various types, size, grade & other bifurcation. Hence we have not been able to cross confirm the same." This comment highlights a limitation in verifying inventory values that could potentially affect earnings quality.

Key Financial Highlights [Rs. in Lakhs]:

Standalone Results:

  • Revenue From Operations: ₹4,067.61 (compared to ₹4,130.45 in Q1 FY26, down 1.5% YoY)
  • Total Income: ₹4,107.20 (compared to ₹4,155.44 in Q1 FY26, down 1.2% YoY)
  • Net Profit: ₹265.51 (compared to ₹258.26 in Q1 FY26, up 2.8% YoY)
  • EPS: Basic and Diluted ₹1.25 (compared to ₹1.48 in Q1 FY26)
  • Other Equity: Not specified in the disclosed data
  • Cash and Cash Equivalents: Not specified in the disclosed data
  • Debt: Not specified in the disclosed data

Consolidated Results:

  • Revenue From Operations: ₹4,889.52 (compared to ₹4,130.45 in Q1 FY26, up 18.4% YoY)
  • Total Income: ₹4,933.27 (compared to ₹4,155.44 in Q1 FY26, up 18.7% YoY)
  • Net Profit: ₹304.51 (compared to ₹261.71 in Q1 FY26, up 16.3% YoY)
  • Attributable to Owners of the company: ₹288.76
  • Attributable to Non-Controlling Interests: ₹15.74
  • EPS: Basic and Diluted ₹1.44 (compared to ₹1.50 in Q1 FY26)
  • Other Equity: Not specified in the disclosed data
  • Cash and Cash Equivalents: Not specified in the disclosed data
  • Debt: Not specified in the disclosed data

Segment-wise Performance:

The Company operates in one segment namely "Electrical Contracting" and therefore segment reporting as required under IndAS-108 is not applicable.

Corporate Actions:

No dividend declarations, share splits, bonus issues, buybacks, or capital structure changes were announced in this meeting.

Secretarial Auditor Changes:

  • M/s. Janki Shah & Associates, Practising Company Secretaries, resigned from the office of Secretarial Auditor of the Company with effect from August 12, 2026.
  • The Board approved the appointment of M/s. Nisarg Sharma & Associates, Practising Company Secretaries, as Secretarial Auditor to fill the casual vacancy for the remainder of FY 2025-26.
  • The Board, based on the recommendation of the Audit Committee, approved/recommended the appointment of M/s. Nisarg Sharma & Associates as Secretarial Auditor for a term of five consecutive financial years (FY 2026-27 to FY 2030-31), subject to approval of the Members at the ensuing Annual General Meeting.
  • M/s. Nisarg Sharma & Associates is a Peer Reviewed firm holding Peer Review Certificate No. 3941/2023 issued by the Institute of Company Secretaries of India.
  • There is no material change in the proposed remuneration compared with the remuneration of the outgoing Secretarial Auditor.
  • The proposed Secretarial Auditor and its partners are not related to any Director of the Company.

Subsidiary Board Appointment:

  • The Board approved the appointment of Mr. Manav Rastogi (Non-Executive Independent Director) as Director on the Board of the Company's material subsidiary, Peaton Electrical Company Limited, in accordance with Regulation 24(1) of SEBI LODR, 2015.
  • Mr. Manav Rastogi, aged 47 years, is an Independent Director of Power and Instrumentation (Gujarat) Limited since November 16, 2017, with over 13 years of experience in various industries and sectors.
  • He holds a Bachelor of Fine Arts in Computer Arts (2002).
  • He is not debarred from holding the office of Director by virtue of any MCA/SEBI order.

Funds Utilization:

  • The Board noted that there was no deviation or variation in the utilization of funds raised during the quarter, as no funds were raised/received during the quarter under review.
  • The Statement of Deviation/Variation is Nil for the quarter ended June 30, 2026.

Other Significant Information:

Subsidiary Acquisition History:

  • During Q3 FY26 (quarter ended September 30, 2025), the Company increased its stake in Peaton Electrical Company Limited from 15.24% to 51.06%, making PECL a subsidiary effective September 11, 2025.
  • In Q4 FY26, the Company acquired additional stake, increasing shareholding from 51.06% to 60.00%.
  • The investment is carried at cost in the standalone financial results in accordance with Ind AS 27.

Labour Code Impact:

  • The Government of India notified four Labour Codes on November 21, 2025, consolidating 29 existing labour laws.
  • The Company has assessed and disclosed the incremental impact of these changes, presenting it as "Statutory impact of new Labour Codes" under "Exceptional Items."
  • The incremental impact for the period ended March 31, 2026, was ₹4.43 Lakhs (standalone) and ₹8.14 Lakhs (consolidated) primarily arising due to change in wage definition affecting gratuity.
  • This impact is considered regulatory-driven and non-recurring in nature.

Entities in Consolidation:

The consolidated financial results include:

1. Power and Instrumentation (Gujarat) Limited (Holding Company)

2. Peaton Electrical Company Limited (Subsidiary company, 60% ownership)

3. PIGL GEPL JV (Joint Venture)

The joint venture reflected total revenue of Nil and total net loss of ₹0.11 Lakhs for the quarter ended June 30, 2026.