PI Industries Ltd

BSE: 523642

total announcements

523642.BO · 15 min delayed

BSECompany Update▲ PositiveRelated Party23 Jun 2026

PI Industries Ltd

Intimation regarding exercise of conversion option for unlisted, unsecured Optionally Fully Convertible Debentures issued by PI Health Sciences Limited, wholly owned subsidiary, into Equity Shares

PI Industries' Board has approved the conversion of Optionally Fully Convertible Debentures (OFCDs) worth Rs. 10,000 million, held in its wholly-owned subsidiary PI Health Sciences Limited (PIHS), into 72,46,37,687 equity shares at a fair value of Rs. 13.80 per share. This internal transaction, based on an independent valuation, does not involve cash consideration or change PI Industries' 100% ownership of PIHS. The company expects this conversion to strengthen its consolidated balance sheet by converting intra-company debt into equity.

Intimation regarding exercise of conversion option for unlisted, unsecured Optionally Fully Convertible Debentures issued by PI Health Sciences Limited, wholly owned subsidiary, into Equity Shares

PI Industries Ltd has approved the conversion of Optionally Fully Convertible Debentures (OFCDs) worth Rs. 10,000 million (Rupees Ten Thousand Million) held in its wholly-owned subsidiary, PI Health Sciences Limited (PIHS), into 72,46,37,687 fully paid-up equity shares. This internal, non-cash transaction, based on an independent valuation, aims to strengthen the consolidated balance sheet and does not alter PIHS's status as a wholly-owned subsidiary or the parent company's control.