CG Power and Industrial Solutions Ltd

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.

Cyber event update

• There has been a suspected cyber event on IT systems; core operations not impacted.
• The company is investigating with external and internal cybersecurity experts; CERT-In has been notified.

Target overview

• Tosil Systems Private Limited, India-based semiconductor and embedded engineering services provider.
• Turnover: INR 11.94 crore for year ended 31 March 2026.
• Equity capital: INR 50 lakh.

Deal terms

• 100% stake acquired for cash at INR 16.44 crore.
• Acquisition comprises 5,00,000 equity shares at INR 10 each.
• Completion targeted by 31 August 2026, subject to conditions precedent.
• Not a related party; arms-length transaction.

Strategic rationale & background

• Purpose to strengthen Axiro's semiconductor design capabilities with Tosil's services.
• Tosil offers silicon design, verification, embedded software and Edge AI services.
• Incorporated 27 February 2017; India-focused operations.
• Turnover history: 11.94 cr (2026), 11.12 cr (2025), 6.95 cr (2024).

Meeting Details

• Date: Wednesday, 12 August 2026; one-to-one meeting organized by Premji Invest.

Meeting Details

• Tue 18 Aug 2026: one-to-one meetings organised by Fidelity International; virtual portal.
• Tue 18 Aug 2026: one-to-one meetings organised by First State Investment; virtual portal.

Participants

• Company participants not disclosed in filing.

Purpose

• Purpose: investor meetings with analysts and institutional investors.

Meeting Details

• Conference call with analysts/investors held on 24 July 2026.

Availability

• Transcript uploaded on the company website.

ESOP Allotment Update

• CG Power allotted 2,18,150 equity shares under ESOP 2021 on 30 July 2026.
• Breakup: 89,150 shares at Rs 400.45, 21,000 at Rs 610.10, 108,000 at Rs 635.10.
• The shares rank pari-passu with the company’s existing equity shares.
• Paid-up capital increased from Rs 315,00,27,818 to Rs 315,04,64,118.
• Post-allotment total equity shares: 157,52,32,059 of Rs 2 each.