PG Electroplast management has provided updated guidance during a recent conference call, expressing strong optimism about achieving targeted growth in its air conditioning business segment. The company's leadership team outlined specific growth expectations while reaffirming their commitment to previously established guidance parameters.

AC Business Growth Projections

The management team has expressed confidence in achieving 18-20% growth in the AC business for the full year. This optimistic outlook demonstrates the company's strategic focus on the air conditioning segment and reflects management's assessment of underlying business fundamentals.

Management Confidence Despite Market Challenges

During the conference call, management emphasized their optimism regarding the achievement of expected growth targets irrespective of market conditions over the next two months. This statement indicates the company's confidence in its operational capabilities and strategic positioning within the AC business segment.

Strategic Business Focus

The reiteration of guidance combined with specific growth targets for the AC business reflects management's strategic emphasis on this particular segment. By maintaining confidence in their projections despite potential market uncertainties, PG Electroplast demonstrates stability in its business outlook and reinforces stakeholder confidence in the company's growth trajectory.

Conference Call Key Takeaways

The management's decision to provide specific growth guidance for the AC business while maintaining overall quarterly guidance indicates a focused approach to business development. This dual confirmation provides stakeholders with both segment-specific expectations and broader operational clarity for the ongoing period.

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.