Power & Instrumentation (Gujarat) Limited has received a Letter of Intent (LOI) from Greaves Cotton Limited to act as a channel partner for the sales of DG Sets in select cities within Gujarat. The arrangement, effective from May 15, 2026, designates the company as an authorized entity for sales activities in accordance with the terms stipulated in the LOI.

The company believes that this strategic partnership will enhance its business presence in the energy solutions segment and create new growth opportunities within the region. The authorization is granted for a limited duration, providing a focused timeframe for the company to execute its sales strategy.

Key Details of the Arrangement

The disclosure regarding this partnership was made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The specific details regarding the scope and validity of the LOI are outlined in the table below.

The partnership with Greaves Cotton Limited marks a significant step for Power & Instrumentation (Gujarat) Limited as it expands its operational capabilities in the power generation sector. The company has stated that there is no withdrawal, cancellation, or suspension of the license, and no penalties are applicable under the current arrangement.

Power & Instrumentation (Guj.) Limited has secured two work orders worth Rs 2,61,92,342 for the Udaipur Air Terminal project in Rajasthan. The orders were received from Nyati Engineering & Consultants Private Limited and are in continuation of previous orders intimated to the exchanges on 5th and 22nd July 2025. With this latest addition, the aggregate order value for the Udaipur Air Terminal project now stands at Rs 60.51 crore.

Project Details

The scope of work encompasses design, supply, installation, testing, commissioning, and client handling over of power supply system electrical work at the Udaipur Air Terminal. The project completion schedule requires supply, installation, testing, completion, and commissioning of the facility to the extent of 100% of the contract price within 4-8 weeks from the approval of the General Arrangement drawing.

Order Summary

Regulatory Disclosures

The disclosure was made pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company confirmed that the orders have been awarded by a domestic entity and that neither the promoter, promoter group, nor group companies have any interest in the entity that awarded the orders. The transactions do not fall within related party transactions.