PI Industries Limited (PIIND) — Board Meeting | 23 June 2026

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📢 Key Event
Board approved conversion of OFCDs into equity shares

🔄 What Changed
72,46,37,687 equity shares to be allotted at Rs. 73.80 per share

🔮 What's Next
None

💡 Investor Takeaway
This conversion strengthens PIHS's balance sheet without affecting PI Industries' ownership.

Pl Industries Limited announced on June 23, 2026, that its wholly owned subsidiary Pl Health Sciences Limited (PIHS) will convert Rs. 70,000,000,000 of unlisted, unsecured Optionally Fully Convertible Debentures (OFCDs) into 72,46,37,687 equity shares at Rs. 73.80 per share, strengthening the consolidated balance sheet without altering ownership or control.

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About PI Industries Limited (PIIND)

Chemicals · Fertilizers & Agrochemicals · Listed on NSE

Market Cap: ₹47,258.68 Cr P/E: 27.8

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Source: Stock Announcements. Analysis by StockFin.ai. For informational purposes only — not investment advice.

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