PIGL FY27 ; TARGETS ~30% REVENUE GROWTH, ORDER BOOK OVER RS 320 CR

• Management guides ~30% revenue growth in FY27 with margin expansion from backward integration through Peaton Electrical • Closing order book of ₹320 Cr+ as on September 30, 2026, including ₹95 Cr of royalty orders, executable over 12–15 months • Power distribution (RDSS) is 90% of the order book, with state utilities accounting for 93% • Active bid pipeline of ₹500+ Cr under evaluation; 8 projects in hand as of September 2026 • PIGL stake in Peaton Electrical raised to 60% in March 2026; PECL order book at ₹12 Cr+ as on September 30, 2026

Power & Instrumentation (Gujarat) Limited

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