PG Electroplast has announced that its wholly owned subsidiary, PG Technoplast Private Limited, has received approval for the disbursement of ₹37.5 crore as the 3rd tranche under the Production Linked Incentive (PLI) scheme. The sanction letter was received from IFCI Limited on March 27, 2026, with acceptance given on March 28, 2026.

PLI Scheme 3rd Tranche Details

The latest approval represents a significant milestone for the subsidiary's manufacturing operations under the government's white goods PLI scheme:

Product Coverage and Manufacturing Focus

The PLI incentive covers the company's diversified white goods manufacturing portfolio. The scheme encompasses multiple product categories that demonstrate the subsidiary's comprehensive approach to electronics and appliances manufacturing:

Regulatory Compliance and Disclosure

The company has made this disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The payment of ₹37.5 crore has been sanctioned as per the existing terms and conditions of the PLI scheme, as amended from time to time.

PG Technoplast Private Limited, being a wholly owned subsidiary of PG Electroplast Limited, continues to benefit from the government's Production Linked Incentive scheme designed to boost domestic manufacturing capabilities in the white goods sector. This 3rd tranche approval reinforces the subsidiary's successful performance in achieving determined sales values under the scheme parameters.

PG Electroplast Limited is experiencing LPG gas supply constraints that are impacting Room AC production at some of its manufacturing facilities. The company has disclosed these challenges stem from geopolitical tensions in the Middle East region, which have led to supply chain disruptions affecting its operations.

Supply Chain Disruptions and Production Impact

The company is facing significant constraints in LPG gas supplies due to restrictions imposed by gas suppliers amid ongoing geopolitical tensions and conflicts in the Middle East region. These supply disruptions are specifically affecting Room AC production across some of PG Electroplast's manufacturing plants, requiring immediate management attention and strategic response.

Management Response and Alternative Solutions

PG Electroplast's management team is continuously assessing the situation and actively exploring alternative energy sources to maintain production capabilities. The company is working on identifying and implementing alternative solutions to LPG at its production facilities to address the ongoing supply chain challenges.

Key response measures being undertaken include:

• Constant monitoring and assessment of the LPG supply situation
• Active exploration of alternative energy sources for production processes
• Planning installation of alternative solutions at production facilities
• Ensuring continued supplies to customers during the transition period

Current Operational Status

The company is working to minimize the impact of these LPG supply constraints on its Room AC production operations. Management is focused on implementing sustainable alternative energy solutions that can effectively address the LPG-related production challenges while maintaining quality standards and customer service levels.

Regulatory Compliance and Stakeholder Communication

The company has filed this intimation under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. This disclosure demonstrates PG Electroplast's commitment to transparent stakeholder communication regarding operational challenges that may impact business operations.

The company's proactive approach to addressing LPG supply constraints through alternative energy solutions reflects its focus on operational resilience and maintaining production continuity despite external supply chain disruptions.