CG Power and Industrial Solutions Ltd

CG Power and Industrial Solutions Limited – Closure of Trading Window from 30th September, 2026 until end of 48 hours after the publication of the Unaudited Financial Results (Standalone and Consolidated) of the Company for the quarter and half year ended 30th September, 2026

Resolutions

• Purpose: Postal ballot to approve appointment of Statutory Auditors.
• Ordinary resolution: Appoint Price Waterhouse Chartered Accountants LLP as Statutory Auditors to fill casual vacancy.
• Outcome: Approved by ordinary majority; 99.19% in favour of the resolution.

ESOP Allotment Update

• Allotted 18,250 equity shares under ESOP 2021 on 19 September 2026 at Rs 635.10 per share.
• Shares rank pari-passu with existing equity shares.
• Paid-up capital increased from Rs 315,09,00,118 to Rs 315,09,36,618.
• Total equity shares post allotment: 157,54,68,309.

Meeting Details

• Date: Thursday, 24 September 2026.
• Organised by: Macquarie Capital.
• Type: one-to-one analyst/institutional investor meeting.
• Purpose: schedule of meeting with Analyst(s)/Institutional Investor(s).

Meeting Details

• Date: Friday, 25 September 2026; time not specified.
• Type: one-to-one; mode: virtual (portal-based).
• Organised by: IIFL - Institutional Equities.
• Key company participants: not disclosed.
• Purpose: schedule of meetings with Analysts/Institutional Investors.

Tax Proceedings Update

• Revisionary assessment for AY 2022-23 raises tax demand to Rs 236,73,81,955.
• Rectification under Sec 154 dated 4 June 2026 revises demand to Rs 2,15,59,04,546.
• Appeal filed before CIT(A) on 18 May 2026.
• Stay granted by DCIT; deposit 20% of total demand; Rs 30 crores payable in five instalments.
• Balance payable subject to order conditions including refund adjustments; stay remains till disposal of appeal.
• Earlier stay order required deposit of Rs 4,89,38,029; balance stayed pending appeal.

Appointment of Senior Management

• Mr. Samit Khanna appointed as Vice President – Consumer Products, effective 1 September 2026.
• Profile: 18+ years across Consumer, Retail, Digital, PE, and Consulting; leadership at Disney+ Hotstar.
• Experience includes P&L leadership, sales transformation, omnichannel distribution, and brand building.

Item 1: Auditor appointment

• Appointment of PwC LLP as Statutory Auditor to fill the casual vacancy from SRBC's resignation.
• Resolution type: Ordinary for appointment of Statutory Auditor.
• Remuneration Rs 1.58 crore per annum, excluding taxes and out-of-pocket expenses.
• Term: From 19 August 2026 to conclusion of the 90th AGM (2027).
• Remuneration increase: 7% higher than the last two years.
• Cut-off date: Members as on 21 August 2026 eligible to vote.
• Voting period: Remote e-voting from 27 Aug to 25 Sep 2026.
• Scrutinizer: Mr. Prashant S. Mehta.
• Board recommends ordinary resolution for approval.
• Outcome: Results to be announced by 29 September 2026.

Acquisition details

• Target: Tosil Systems Private Limited; line of business not disclosed.
• Acquirer: Axiro Semiconductor Private Limited (CG Power subsidiary) completes acquisition.
• Consideration: Rs 16.44 crore cash for 100% stake.
• Regulatory approvals: not disclosed.
• Timeline: completion date 20 August 2026.
• Industry: not disclosed.
• Country of presence: not disclosed.
• Ownership: Tosil becomes wholly owned subsidiary of Axiro.
• Background: no turnover data; incorporation date not disclosed.