Power & Instrumentation has scheduled its 42nd Annual General Meeting for Friday, September 25, 2026. The meeting will address key governance matters, including the adoption of an Employee Stock Option Scheme (ESOP) and the ratification of material related-party transactions.

The company has dispatched web-links to its FY26 Annual Report and the AGM notice to shareholders who have not registered email addresses, ensuring compliance with SEBI Listing Regulations. The meeting will be conducted via Video Conferencing or Other Audio Visual Means (VC/OAVM).

Key Agenda Items

The AGM notice outlines several ordinary and special resolutions for shareholder approval:

• ESOP Scheme Approval: Shareholders will vote on the "Power & Instrumentation (Gujarat) Limited Employee Stock Option Scheme-2026." The scheme proposes the creation of up to 2,00,000 options, exercisable into equity shares of face value ₹10 each. These options are intended for eligible employees of the company and its group entities.
• Related-Party Transactions: The board seeks omnibus approval for transactions with subsidiary Peaton Electrical Company Limited up to ₹30 crore for FY26–27. This limit represents approximately 13.71% of the company’s consolidated turnover of ₹218.76 crore in FY25–26.
• Auditor Appointments: The meeting will ratify the remuneration of Cost Auditors M/s Mayur Chhaganbhai Undhad & Co. Additionally, shareholders will approve the appointment of M/s Nisarg Sharma & Associates as Secretarial Auditor for five years, filling a casual vacancy left by the resignation of M/s SJV & Associates.
• Director Reappointment: Mrs. Padmavati Padmanabhan Pillai retires by rotation and seeks reappointment as a director.

E-Voting and Participation

Remote e-voting will be facilitated by Central Depository Services (India) Limited (CDSL). The voting window opens on Tuesday, September 22, 2026, at 9:00 am and closes on Thursday, September 24, 2026, at 5:00 pm. The cut-off date for determining voting entitlement is September 18, 2026.

Shareholders can access the Annual Report and AGM notice at grouppower.org/annual-reports. Physical copies are available upon request from the company secretary.

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:

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.