Power & Instrumentation approves ESOP scheme, fixes AGM date
- Board approves PIGL ESOP Scheme 2026 with a pool of 2 lakh options
- Vesting period is one year with 25% annual vesting over four years
- 42nd AGM scheduled for September 25, 2026, via video conference
- Related party transactions with Peaton Electrical Ltd require shareholder approval
*this image is generated using AI for illustrative purposes only.
Power & Instrumentation (Gujarat) Limited has approved its Employee Stock Option Plan 2026 and scheduled its 42nd Annual General Meeting for September 25, 2026. The Board of Directors concluded its meeting on August 25, 2026, with these key resolutions.
The board approved the PIGL ESOP Scheme 2026, subject to shareholder approval via a special resolution. The scheme creates a pool of up to 2,00,000 equity shares, with a vesting period of one year and an indicative schedule of 25% vesting annually over four years.
Key Board Resolutions
In addition to the ESOP approval, the board considered and approved the following matters:
- Directors' Report: Approved the Directors' Report along with relevant annexures for the financial year ended March 31, 2026.
- Related Party Transactions: Approved transactions with Peaton Electrical Company Limited, pending member approval at the upcoming AGM.
- AGM Logistics: Fixed the date and mode for the 42nd AGM.
- Scrutinizer Appointment: Appointed M/s. Nisarg Sharma & Associates as the scrutinizer for the e-voting process.
ESOP Scheme Details
The approved scheme adheres to SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021. Key terms include:
| Parameter | Details |
|---|---|
| Maximum Pool Size | 2,00,000 Options |
| Vesting Period | Minimum one year |
| Vesting Schedule | 25% at end of each of the first four years |
| Exercise Period | One year from respective vesting date |
| Eligibility | Employees and Directors (excluding Independent Directors and promoters holding >10%) |
No options have been granted as of the disclosure date. The Compensation Committee will determine specific grants, pricing, and eligible employees in accordance with the scheme guidelines.
AGM Schedule and E-Voting
The 42nd Annual General Meeting will be held on Friday, September 25, 2026, at 2:30 pm through Video Conferencing or Other Audio-Visual Means. Shareholders can participate in remote e-voting from Tuesday, September 22, 2026, at 9:00 am until Thursday, September 24, 2026, at 6:00 pm.
Key cut-off dates are as follows:
- Notice Dispatch Cut-off: Friday, August 28, 2026
- E-Voting Entitlement Cut-off: Friday, September 18, 2026
The Annual Report for FY26, including audited financial statements, will be sent electronically to registered shareholders and made available on the company website.
Historical Stock Returns for Power & Instrumentation
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -0.27% | -4.44% | -4.90% | +4.40% | -41.00% | +11.79% |
How might the implementation of the PIGL ESOP Scheme 2026 impact the company's future earnings per share (EPS) through potential dilution?
What strategic rationale does management provide for approving related party transactions with Peaton Electrical Company Limited, and how will this affect operational synergies?
Given the four-year vesting schedule, what key performance metrics or retention goals is the Compensation Committee likely prioritizing for eligible employees?
15
Access Market Heat-map & Insights 
Create, Save & Share your Screener 
Use 200+ Screening Filters 
