Power & Instrumentation (Gujarat) Limited has announced the resignation of its Company Secretary & Compliance Officer, marking a key leadership transition at the engineering company. The resignation was communicated to stock exchanges as part of mandatory regulatory disclosures.

Leadership Change Details

Mr. Maunish Gandhi (ACS: 48832) has tendered his resignation from the position of Company Secretary & Compliance Officer effective from the closing business hours on April 03, 2026. The resignation was submitted due to personal reasons, with Gandhi explicitly stating that there are no other material reasons beyond those mentioned.

Regulatory Compliance

The company has fulfilled its disclosure obligations under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The announcement was made to both the National Stock Exchange of India Limited (Symbol: PIGL) and BSE Limited (Scrip Code: 543912) on April 03, 2026.

The disclosure includes the resignation letter with detailed reasons as required by SEBI regulations, along with comprehensive information about the cessation of appointment as mandated by Master circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 2024.

Resignation Letter Highlights

In his resignation letter addressed to the Board of Directors, Gandhi expressed appreciation for the support extended during his tenure. He specifically thanked the Board and fellow members for providing growth and development opportunities during his association with the organization.

Gandhi has requested the Board to arrange for necessary formalities including authorization and filings with the Registrar of Companies (ROC) regarding his resignation. The resignation letter was submitted to the company's registered office at B-1104, Sankalp Iconic, Opp. Vikram Nagar Iscon, Temple Cross Road, S. G. Highway, Ahmedabad, Gujarat.

Management Authorization

The regulatory disclosure was authorized by Padmaraj Padmnabhan Pillai, Managing Director (DIN: 00647590), who digitally signed the communication on April 03, 2026. The disclosure ensures compliance with all applicable listing regulations and maintains transparency with stakeholders regarding key managerial personnel changes.

Power & Instrumentation (Gujarat) Limited has announced the receipt of an additional work order valued at Rs 11,72,16,053 from Ajmer Vidyut Vitran Nigam Limited. The company disclosed this development through a regulatory filing under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Project Overview

The comprehensive project involves the supply, erection, installation, testing and commissioning of material and equipment for developing distribution infrastructure work. The initiative focuses on on-grid electrification of un-electrified households and public institutions across tribal villages under the Dharti Aaba Janjatiya Gram Utkarsh Abhiyana (DA-JGUA) scheme, implemented under the RDSS (Revamped Distribution Sector Scheme).

Geographic Coverage

The electrification project spans across 9 circles within the Ajmer Discom area, covering strategically important tribal regions:

• Ajmer
• Banswara
• Bhilwara
• Chhitorgarh
• Dungarpur
• Pratapgarh
• Salumbar
• Sikar
• Udaipur

Project Specifications

The work order encompasses a complete turnkey solution for distribution infrastructure development. The project aims to provide electricity access to previously un-electrified households and public institutions in tribal villages, supporting the government's rural electrification objectives under the DA-JGUA initiative.

Regulatory Compliance

The company has fulfilled its disclosure obligations under SEBI regulations, providing comprehensive details about the order terms and conditions. This additional work order represents a continuation of the company's engagement with Ajmer Vidyut Vitran Nigam Limited. The project aligns with the company's core competencies in power infrastructure development and reinforces its position in the distribution sector modernization space.