PFA

Date: November 07, 2026 To, To, The National Stock Exchange of India Limited, BSE Limited Exchange Plaza, Plot no. C/1, G Block, Floor 25, P. J. Towers Bandra-Kurla Complex Dalal Street, Bandra (E), Mumbai-400051 Mumbai - 400 001 Scrip Symbol: PIGL Scrip Code: 543912 Sub: Outcome of Board Meeting dated November 07, 2026 under Regulation 30 of SEBI (Listing Obligations& Disclosure Requirements) Regulations, 2015 as amended (“SEBI Listing Regulations”) Dear Sir/Madam, This is to inform you under Regulation 30 and Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 that a meeting of the Board of Directors of the Company was held on Saturday, November 07, 2026 and the said meeting commenced at 01:30 P.M. and concluded at 2:30 P.M. In that meeting the Board has decided the following matters: 1. Considered and Approved the Unaudited Standalone and Consolidated Financial Results of the Company for the quarter & half year ended on September 30, 2026 along with the Limited Review Report, as issued by the statutory auditor of the Company. Copy of the same is enclosed herewith. Please take this on your record. Yours faithfully, For, POWER AND INSTRUMENTATION (GUJARAT) LIMITED Padmaraj Padmnabhan Pillai Managing Director DIN: 00647590 Power & Instrumentation (Gujarat) Limited Standalone statement of assets and liabilities as at 30 September 2026 CIN: L32201GJ1983PLC006456 | Rs in lakhs As at As at 30-09-2026 31-03-2026 Particulars (Unaudited) (Audited) ASSETS Non-current assets (a) Property, plant and equipment 200.50 131.39 (b) Capital work-in-progress - - (c) Goodwill - - (d) Other intangible assets - - (e) Intangible assets under development - - (f) Right-of-use assets 40.34 48.05 (g) Financial assets (i) Investments 1,593.14 1,593.14 (ii) Loans 27.40 24.46 (iii) Other financial assets 7,097.96 5,687.40 (h) Deferred tax assets (net) 42.30 39.91 (i) Other non-current assets - - Total non-current assets 9,001.64 7,524.35 Current assets (a) Inventories 7,035.25 6,585.25 (b) Financial assets (i) Investments - - (ii) Trade receivables 3,636.12 3,784.43 (iii) Cash and cash equivalents 80.80 353.24 (iv) Bank balances other than (iii) above - 1.39 (v) Loans 50.09 54.50 (vi) Other financial assets 692.51 115.66 (c) Current tax assets (net) - - (d) Other current assets 4,225.18 3,482.45 (e) Inter-company differences pending reconciliation - - Total current assets 15,719.95 14,376.92 TOTAL ASSETS 24,721.58 21,901.27 EQUITY AND LIABILITIES Equity (a) Equity share capital 2,116.89 2,116.89 (b) Other equity 13,381.20 12,566.37 Equity attributable to owners 15,498.09 14,683.26 Non-controlling interests - - Total equity 15,498.09 14,683.26 Liabilities Non-current liabilities (a) Financial liabilities (i) Borrowings 466.10 522.72 (ia) Lease liabilities - 41.99 (b) Provisions - 31.83 (c) Deferred tax liabilities (net) - - Total non-current liabilities 466.10 596.54 Current liabilities (a) Financial liabilities (i) Borrowings 2,241.81 1,812.80 (ia) Lease liabilities 50.73 16.85 (ii) Trade payables 4,139.08 3,225.88 - Total outstanding dues of micro and small enterprises 1,525.97 799.61 - Total outstanding dues of creditors other than micro and small enterprises 2,613.12 2,426.27 (iii) Other financial liabilities 440.66 39.20 (b) Other current liabilities 1,446.33 1,170.26 (c) Inter-branch / suspense balances pending reconciliation - - (d) Provisions 63.88 26.78 (e) Current tax liabilities (net) 374.90 329.70 Total current liabilities 8,757.39 6,621.47 Total liabilities 9,223.49 7,218.01 TOTAL EQUITY AND LIABILITIES 24,721.58 21,901.27 Power & Instrumentation (Gujarat) Limited Statement of standalone unaudited financial results for the quarter and half year ended 30 September 2026 CIN: L32201GJ1983PLC006456 | Rs in lakhs, except EPS Particulars Quarter ended Quarter ended Quarter ended Half year ended Half year ended Year ended 30-09-2026 30-06-2026 30-09-2025 30-09-2026 30-09-2025 31-03-2026 Unaudited Unaudited Unaudited Unaudited Unaudited Audited I Revenue from operations 6,960.25 4,067.61 6,786.64 11,027.86 10,917.09 20,004.16 II Other income 30.78 39.59 63.20 70.37 88.19 150.05 III Total income (I+II) 6,991.03 4,107.20 6,849.84 11,098.23 11,005.28 20,154.21 IV Expenses (a) Cost of materials consumed - - - - - - (b) Purchases of stock-in-trade 5,818.07 3,818.81 6,257.18 9,636.88 9,954.44 18,825.90 (c) Changes in inventories of finished goods, work-in-progress and stock-in-trade - (450.00) (211.02) (450.00) (416.02) (1,804.76) (d) Employee benefits expense 133.01 107.54 102.74 240.55 209.33 447.71 (e) Finance costs 159.02 108.47 72.19 267.49 145.61 406.43 (f) Depreciation and amortisation expense 13.57 12.99 8.31 26.56 13.62 39.98 (g) Other expenses 164.33 159.27 14.17 323.60 142.43 516.41 Total expenses (IV) 6,288.01 3,757.08 6,243.57 10,045.09 10,049.40 18,431.67 V Profit before exceptional items and tax (III-IV) 703.02 350.12 606.26 1,053.14 955.87 1,722.54 VI Exceptional items - - - - - 4.57 VII Profit before tax (V-VI) 703.02 350.12 606.26 1,053.14 955.87 1,717.97 VIII Tax expense Current tax 152.44 87.08 138.88 239.52 228.26 329.70 Deferred tax (0.68) (2.47) 15.25 (3.15) 17.23 3.20 Tax relating to earlier years 1.19 - - 1.19 - 40.14 Total tax expense 152.94 84.61 154.13 237.55 245.49 373.04 IX Net profit for the period (VII-VIII) 550.08 265.51 452.13 815.59 710.38 1,344.93 X Other comprehensive income - items that will not be reclassified to profit or loss (i) Remeasurement of defined benefit plans 1.51 1.13 - 2.64 - 6.04 (ii) Income tax on above (0.38) - - (0.38) - - Total other comprehensive income (net of tax) 1.13 1.13 - 2.26 - 6.04 XI Total comprehensive income for the period (IX+X) 551.21 266.64 452.13 817.85 710.38 1,350.97 Paid-up equity share capital (face value Rs 10 each) 2,116.89 2,116.89 1,777.29 2,116.89 1,777.29 2,116.89 Other equity (as per audited balance sheet of previous year) Earnings per equity share (Rs) - not annualised for quarters / half-years (a) Basic 2.60 1.25 2.55 3.85 4.00 7.37 (b) Diluted 2.60 1.25 2.55 3.85 4.00 7.37 Power & Instrumentation (Gujarat) Limited Standalone statement of cash flows for the half year ended 30 September 2026 CIN: L32201GJ1983PLC006456 | Rs in lakhs Half year ended Half year ended 30-09-2026 30-09-2025 Particulars (Unaudited) (as published) A. CASH FLOW FROM OPERATING ACTIVITIES Profit before tax 1,053.14 955.87 Adjustments for: Depreciation and amortisation expense 26.56 13.62 Finance costs 267.49 145.61 Interest income (33.83) (29.59) Net (gain)/loss on fair valuation of mutual funds (10.18) (2.45) Operating profit before working capital changes 1,303.18 1,083.06 Changes in working capital: (Increase)/decrease in inventories (450.00) (416.01) (Increase)/decrease in trade receivables 148.31 247.32 (Increase)/decrease in loans 1.47 - (Increase)/decrease in other financial assets (security deposits, retention, others) (1,747.05) 354.84 (Increase)/decrease in other current assets (742.73) 229.15 Increase/(decrease) in trade payables 913.20 (344.88) Increase/(decrease) in other financial liabilities 401.46 (13.62) Increase/(decrease) in other current liabilities 276.07 446.51 Increase/(decrease) in provisions 5.27 (186.18) Cash generated from operations 109.19 1,400.19 Income taxes paid (TDS / TCS deducted and taxes paid, net of refunds) (195.51) (32.00) Net cash flow from / (used in) operating activities (A) (86.31) 1,368.19 B. CASH FLOW FROM INVESTING ACTIVITIES Purchase of property, plant and equipment, intangibles and CWIP (net) (87.95) (37.69) (Investment in) / proceeds from investments (subsidiary and others) (0.00) (1,254.11) Bank deposits (placed) / matured, net (187.68) (429.81) Mutual funds (purchased) / redeemed, net (42.50) - Other bank balances 1.39 - Interest received 33.83 29.59 Net cash flow from / (used in) investing activities (B) (282.92) (1,692.02) C. CASH FLOW FROM FINANCING ACTIVITIES Proceeds from / (repayment of) borrowings, net 372.39 331.99 Payment [Showing first 8,000 characters — download PDF for full document]