PG Electroplast Limited has announced the allotment of 24,000 equity shares under its Employee Stock Option Scheme 2020. The company informed stock exchanges about this development in compliance with regulatory requirements on February 02, 2026.

ESOP Allotment Details

The Nomination & Remuneration Committee of PG Electroplast Limited approved the allotment during its meeting held on February 02, 2026. The allotment comprises 24,000 equity shares of Rs. 1 face value each, allocated to the PG Electroplast Limited Employees Welfare Trust under the PG Electroplast Employees Stock Options Scheme - 2020.

Impact on Share Capital

The allotment has resulted in an increase in the company's paid-up equity share capital. The capital structure has been revised following the ESOP implementation.

Regulatory Compliance

PG Electroplast Limited communicated this development to both major stock exchanges where its shares are listed. The company informed BSE Limited (Scrip Code: 533581) and National Stock Exchange of India Limited (Scrip Symbol: PGEL) about the allotment in accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The notification was signed by Deepesh Kedia, Company Secretary, and submitted to the exchanges for record-keeping purposes. This ESOP allotment represents part of the company's employee incentive program designed to align employee interests with shareholder value creation.

PG Electroplast has reported strong third-quarter financial results, demonstrating significant growth across key performance indicators. The company's consolidated financial performance reflects robust operational execution and market expansion during the quarter.

Financial Performance Overview

The company's Q3 results showcase substantial year-on-year improvements in both profitability and revenue generation. PG Electroplast's financial metrics indicate strong business momentum and effective cost management strategies.

Business Segment Performance

During the earnings conference call held on February 03, 2026, management highlighted strong performance across key product categories. The room air conditioner business demonstrated exceptional growth with 80% year-on-year increase in Q3, while the washing machine segment grew by 45% during the quarter.

Management Guidance and Outlook

Managing Director Vikas Gupta expressed optimism about the company's positioning in India's consumer durable market. The management maintained their full-year guidance of ₹5,700 crores to ₹5,800 crores in sales with profit expectations of around ₹300 crores. CFO Pramod Gupta highlighted the company's healthy balance sheet with cash and equivalents of ₹483 crores.

Capacity Expansion Plans

The company continues its strategic capacity expansion across multiple locations with planned capex of ₹700 crores to ₹750 crores. Key expansion initiatives include refrigerator manufacturing facility in Sricity with 1.2 million unit capacity, washing machine capacity enhancement in Greater Noida, and new facilities in Bhiwadi and Supa.

Market Position and Strategy

PG Electroplast has achieved approximately 11-12% market share in India's AC manufacturing sector, representing the largest outsourcing player in the segment. The company's strategy focuses on cost leadership, product innovation, and maintaining capital efficiency while expanding across multiple consumer durable categories including refrigerators and electronic components.