Pilani Investment and Industries Corporation Limited has closed its trading window for designated persons and connected persons effective July 1, 2026. The closure is intended to prevent insider trading and will remain in effect until 48 hours after the company announces its unaudited financial results for the quarter ended June 30, 2026. This measure ensures compliance with regulatory standards during the sensitive period preceding financial disclosures.

The decision aligns with the SEBI (Prohibition of Insider Trading) Regulations, 2015, and the company's internal Code of Conduct for the prevention of insider trading. All designated and connected persons have been advised to refrain from trading in the company's securities during this period. The specific date for the board meeting to declare the unaudited standalone and consolidated financial results for Q1FY27 will be intimated in due course.

Key Details of Trading Window Closure

The company has notified the National Stock Exchange of India Ltd. and BSE Ltd. regarding this closure. The filing was signed by Company Secretary Rajkumar Singh Kashyap on June 23, 2026.

Pilani Investment and Industries Corporation Limited has informed the stock exchanges that it does not accept The Punjab Produce & Trading Company Private Limited and its associates as part of the promoter group. The company stated that the promoters do not recognize the entity's claim to control, highlighting a discrepancy in reported shareholding percentages. The total percentage of shares held by The Punjab Produce & Trading Company Private Limited and others, excluding Birla Cotton Spinning & Weaving Company Limited, is 25.16%. This contrasts with the disclosure from persons claiming to be in control as promoters, which relates to 58.68% of the share capital.

The company clarified that Birla Cotton Spinning & Weaving Company Limited is not holding any shares in Pilani Investment and Industries Corporation Limited. This intimation follows a disclosure received by the company on April 7, 2026, via a letter dated April 2, 2026, from The Punjab Produce & Trading Company Private Limited. The disclosure was purportedly made under Regulation 31(4) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

In its declaration, The Punjab Produce & Trading Company Private Limited stated that the promoters of Pilani Investment and Industries Corporation Limited, along with persons acting in concert, have not created any encumbrance on the equity shares held by them. The entity provided a detailed breakdown of the shareholding attributed to the promoter group and persons acting in concert.

The declared shareholding details include The Punjab Produce & Trading Co. Pvt. Ltd. holding 17.52%, Gwalior Webbing Co. Pvt. Ltd. holding 5.74%, and Birla Cotton Spg. & Wvg. Co. Ltd. holding 5.45%. Other entities such as Punjab Produce Holdings Limited, Baroda Agents & Trading Co. Pvt. Ltd, and various educational and medical institutions hold smaller percentages ranging from 0.05% to 0.87%.

The company submitted this information to the National Stock Exchange of India Ltd. and BSE Ltd. for their records and necessary action.