Power Infra Cons Acquires Convertible Warrants in Power & Instrumentation (Gujarat)

Power & Instrumentation (Gujarat) Limited has announced that Power Infra Cons Private Limited, a promoter group entity, has acquired convertible warrants through a preferential allotment. This move could potentially increase Power Infra Cons' stake in the company.

Key Details of the Transaction

Aspect	Details
Acquirer	Power Infra Cons Private Limited
Target Company	Power & Instrumentation (Gujarat) Limited
Instrument	Fully Convertible Warrants
Number of Warrants	1,40,000
Price per Warrant	Rs. 83.75
Conversion Ratio	1:1 (One warrant to one equity share)
Face Value of Equity Share	Rs. 10.00
Conversion Period	Within 18 months from November 6, 2025

Impact on Shareholding

The acquisition of these warrants has implications for both the acquirer's holding and the company's share capital structure:

Metric	Post-Acquisition
Acquirer's Total Holding	16,50,000 shares and warrants
% of Total Share Capital	9.16%
% of Diluted Share Capital	7.79%

Company's Share Capital Structure

Capital Type	Amount (Rs.)	Number of Shares
Current Equity Share Capital	17,77,29,000.00	1,77,72,900
Total Diluted Share Capital*	21,16,89,000.00	Not specified

*After considering warrant conversions

Significance of the Transaction

This preferential allotment of convertible warrants to Power Infra Cons Private Limited, a promoter group entity, may indicate a strategic move to increase promoter stake in Power & Instrumentation. The transaction provides the acquirer with the option to increase its shareholding over the next 18 months, potentially strengthening its position within the company.

Investors and market watchers may want to monitor any future warrant conversions, as they could impact the company's shareholding pattern and potentially influence its strategic direction. The preferential allotment also brings in additional capital to the company, which could be used for various corporate purposes, though specific details on the use of proceeds have not been provided in the available information.

Stakeholders should consider the broader context of the company's performance, industry trends, and overall market conditions when interpreting the implications of such corporate actions.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-1.33%	-3.78%	-1.19%	-8.52%	-55.11%	+63.17%

Power & Instrumentation (Gujarat) Limited, a key player in the power sector, has taken a significant step to strengthen its equity base. The company's Board of Directors has approved the allotment of 2,50,000 equity shares, marking a pivotal moment in its capital structure evolution.

Key Details of the Allotment

Share Specifics:
- Number of shares allotted: 2,50,000
- Face value: Rs. 10.00 per share
- Premium: Rs. 73.75 per share
- Total issue price: Rs. 83.75 per share
Warrant Conversion:
- The allotment results from the conversion of 2,50,000 convertible warrants
- These warrants are part of a larger issue of 50,96,000 convertible warrants from September 21, 2024
Allotment Basis: Preferential basis to both promoter group and non-promoter group entities

Breakdown of Allottees

Allottee Category	Entity Name	Shares Allotted	Pre-Issue Holding	Post-Issue Holding
Promoter Group	M/S Power Infra-Cons Private Limited	150,000	13,60,000 (7.65%)	15,10,000 (8.38%)
Non-Promoter	Hardik Atul Shah	60,000	0 (0.00%)	60,000 (0.33%)
Non-Promoter	Noida Holdings Private Limited	20,000	20,000 (0.11%)	40,000 (0.22%)
Non-Promoter	Rajiv Mehta	20,000	0 (0.00%)	20,000 (0.11%)

Impact on Shareholding

The allotment has resulted in a notable change in the company's shareholding pattern:

Promoter Group: Increased stake from 7.65% to 8.38%
Non-Promoter Entities: Collective increase in shareholding by 0.66%

Corporate Governance and Compliance

The company has meticulously followed the regulatory procedures for this allotment:

Compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
Adherence to Chapter V of SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018
Timely disclosure to stock exchanges

Looking Ahead

With this allotment, Power & Instrumentation (Gujarat) Limited has strengthened its capital base and demonstrated its ability to attract both promoter and non-promoter investments. The move may potentially support the company's future growth initiatives and operational expansions in the power sector.