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CG Power Shareholders Approve Re-appointment of Sriram Sivaram with 98.6% Majority
CG Power and Industrial Solutions Limited has announced the successful passage of a special resolution for the re-appointment of Mr. Sriram Sivaram as a Non-Executive Independent Director. The resolution received overwhelming support, with 98.60% of the 1.27 billion total votes cast in favor. The promoter group showed unanimous support with 100% favorable votes, while public institutional investors also backed the appointment with a 95.40% majority. This result ensures continuity in the company's independent board oversight.
Key Highlights
Special resolution passed with 98.60% majority (1,25,86,33,227 votes in favor)
Promoter and Promoter Group voted 100% in favor of the re-appointment
Public Institutional investors showed strong support with 95.40% favorable votes
Total of 1.27 billion votes were polled out of a shareholder base of 5,64,049 as of the cut-off date
💼 Action for Investors
Investors should view this as a positive sign of management stability and strong shareholder consensus on corporate governance. No immediate portfolio action is required as this is a routine governance confirmation.
CG Power Receives Stay on ₹33 Crore Tax Demand; To Pay 20% in Installments
CG Power and Industrial Solutions has received a stay of tax demand order from the Income Tax Department regarding a ₹33.02 crore demand for Assessment Year 2020-21. The stay is conditional upon the company depositing 20% of the total demand amount. This 20% portion will be paid in six monthly installments of ₹1.10 crore each. The company has already challenged the original assessment order by filing an appeal with the Income Tax Appellate Tribunal (ITAT) in Mumbai.
Key Highlights
Stay granted against a total income tax demand of ₹33,01,61,769 for AY 2020-21.
Company to pay 20% of the demand via 6 installments of ₹1.10 crore each.
Appeal against the assessment order was filed with ITAT Mumbai on January 16, 2026.
Balance tax demand remains stayed until the final disposal of the appeal by the ITAT.
💼 Action for Investors
This development is a short-term relief for the company's cash flows as it avoids immediate full payment of the tax demand. Investors should monitor the final outcome of the ITAT appeal to understand any permanent financial impact.
CG Power Reports Zero Deviation in Utilization of Rs 3,000 Cr QIP Funds for Q3 FY26
CG Power and Industrial Solutions Limited has confirmed zero deviation in the utilization of Rs 3,000 crore raised through its QIP in July 2025. As of December 31, 2025, the company has utilized Rs 274.37 crore of the net proceeds, primarily focusing on its semiconductor subsidiary and power transformer plant expansion. The monitoring agency, CARE Ratings, and the Audit Committee have reviewed and validated the fund usage. This report provides transparency on the progress of the company's major capital expenditure projects.
Key Highlights
Total QIP proceeds of Rs 3,000 crore with net proceeds of Rs 2,973.97 crore after issue expenses.
Rs 184.67 crore utilized for investment in subsidiary CG Semi Private Limited for the OSAT facility.
Rs 63.44 crore deployed toward setting up a power transformer plant and other strategic initiatives.
Total cumulative fund utilization stands at Rs 274.37 crore as of December 31, 2025.
Audit Committee and CARE Ratings confirmed no deviation or variation from the original objects of the issue.
💼 Action for Investors
Investors should monitor the execution timeline of the semiconductor (OSAT) facility and transformer plant, as these are the primary growth drivers funded by this QIP. The report confirms disciplined adherence to the stated capital allocation plan.
CG Power Declares ₹1.30 Interim Dividend and Approves Q3 FY26 Results
CG Power and Industrial Solutions has declared an interim dividend of ₹1.30 per equity share (65% of face value) for FY 2025-26, with a record date of February 1, 2026. The Board also approved the unaudited financial results for the quarter and nine months ended December 31, 2025. Additionally, the company confirmed the re-appointment of Mr. Sriram Sivaram as an Independent Director for a second five-year term and approved the re-classification of Algavista Greentech Private Limited from the promoter group to the public category.
Key Highlights
Interim dividend of ₹1.30 per equity share (65% on face value of ₹2) declared for FY 2025-26.
Record date for determining dividend eligibility is set for February 1, 2026.
Mr. Sriram Sivaram re-appointed as Non-Executive Independent Director for 5 years starting June 11, 2026.
Algavista Greentech Private Limited (holding 0.00% shares) re-classified from Promoter Group to Public category.
Unaudited standalone and consolidated financial results for Q3 FY26 approved by the Board.
💼 Action for Investors
Investors should ensure they hold shares before the February 1 record date to qualify for the ₹1.30 dividend and review the detailed Q3 earnings for operational growth metrics.
CG Power Declares ₹1.30 Interim Dividend and Re-appoints Independent Director
CG Power and Industrial Solutions has declared an interim dividend of ₹1.30 per equity share (65% of face value) for the financial year 2025-26. The board has set February 1, 2026, as the record date for dividend eligibility. Additionally, the company approved the re-appointment of Mr. Sriram Sivaram as a Non-Executive Independent Director for a second five-year term starting June 2026. The board also processed the re-classification of Algavista Greentech Private Limited from the promoter group to the public category.
Key Highlights
Interim dividend of ₹1.30 per share declared, representing 65% on a face value of ₹2
Record date for dividend payment fixed as Sunday, February 1, 2026
Mr. Sriram Sivaram re-appointed as Independent Director for a 5-year term until June 10, 2031
Algavista Greentech Private Limited re-classified from Promoter Group to Public category
Unaudited financial results for Q3 and nine months ended December 31, 2025, approved by the board
💼 Action for Investors
Investors should ensure they hold shares before the February 1, 2026 record date to qualify for the ₹1.30 dividend. The leadership continuity and dividend payout reflect stable governance and healthy cash flow management.
CG Power Q3 PAT Jumps 42% to ₹347 Cr; Order Backlog Surges 66% to ₹14,859 Cr
CG Power delivered a robust Q3FY26 performance with standalone revenue growing 22% YoY to ₹2,909 Cr and PAT (before exceptional items) rising 42% to ₹347 Cr. The Power Systems segment was the standout performer, recording 44% revenue growth and significant margin expansion to 21.4%. While Industrial Systems faced margin pressure due to commodity inflation, the company's overall order backlog reached a record ₹14,859 Cr. Additionally, the company secured its largest-ever single export order worth ₹900 Cr from the USA and declared an interim dividend of ₹1.30 per share.
Key Highlights
Standalone revenue grew 22% YoY to ₹2,909 Cr, the highest ever quarterly revenue for the company.
Unexecuted order backlog increased by 66% YoY to ₹14,859 Cr, providing multi-quarter revenue visibility.
Power Systems segment PBIT margins expanded by 378 bps to 21.4% driven by strong demand and operating leverage.
Secured a landmark ₹900 Cr ($99.2M) export order for power transformers from a US-based data center project.
Board approved an interim dividend of ₹1.30 per equity share (65% on face value of ₹2).
💼 Action for Investors
Investors should focus on the massive 66% growth in order backlog and the strategic entry into the US data center market via its largest-ever export order. While commodity costs in Industrial Systems are a headwind, the strong execution in Power Systems and consistent dividend payouts make this a solid hold.
CG Power Declares Rs 1.30 Interim Dividend; Sets Feb 1 as Record Date
CG Power and Industrial Solutions has declared an interim dividend of Rs 1.30 per equity share for FY 2025-26, representing 65% of the face value. The Board has fixed February 1, 2026, as the record date to identify eligible shareholders for this payout. Alongside this, the company approved the re-appointment of Mr. Sriram Sivaram as an Independent Director for a second five-year term. Furthermore, the board approved the re-classification of Algavista Greentech Private Limited from the promoter group to the public category as they hold zero shares.
Key Highlights
Interim dividend declared at Rs 1.30 per share (65% of face value of Rs 2)
Record date for dividend eligibility is Sunday, February 1, 2026
Dividend payment to be processed within 30 days from the declaration date
Mr. Sriram Sivaram re-appointed as Independent Director for a 5-year term until June 2031
Algavista Greentech (0.00% holding) approved for re-classification to Public category
💼 Action for Investors
Investors interested in the dividend must hold shares prior to the ex-dividend date. The governance changes and promoter re-classification are standard procedures and indicate stable management.
CG Power Declares ₹1.30 Interim Dividend; Re-appoints Independent Director
CG Power and Industrial Solutions has declared an interim dividend of ₹1.30 per equity share for FY 2025-26, which is 65% of the face value. The board has fixed February 1, 2026, as the record date for determining shareholder eligibility. Alongside the dividend, the company approved its Q3 and nine-month financial results for the period ending December 31, 2025. Additionally, the board approved the re-appointment of Mr. Sriram Sivaram as an Independent Director and the re-classification of Algavista Greentech from the promoter group to the public category.
Key Highlights
Interim dividend declared at ₹1.30 per equity share (65% of ₹2 face value)
Record date for dividend eligibility set for February 1, 2026
Re-appointment of Mr. Sriram Sivaram as Independent Director for a 5-year term starting June 2026
Approval of re-classification of Algavista Greentech Private Limited to 'Public' category
Unaudited financial results for Q3 and 9M FY26 approved by the board
💼 Action for Investors
Investors interested in the dividend should ensure they hold shares before the ex-dividend date, typically one business day prior to the February 1st record date. The management continuity and promoter re-classification are positive signs of stable corporate governance.
CG Power Declares ₹1.30 Interim Dividend; Approves Q3 FY26 Results
CG Power and Industrial Solutions has declared an interim dividend of ₹1.30 per equity share (65% of face value) for FY 2025-26. The board has approved the unaudited financial results for the quarter ended December 31, 2025, alongside the re-appointment of Sriram Sivaram as an Independent Director for a second five-year term. Additionally, the company is proceeding with the re-classification of Algavista Greentech Private Limited from the promoter group to the public category. The dividend will be paid to eligible shareholders within 30 days of declaration.
Key Highlights
Interim dividend of ₹1.30 per equity share declared on a face value of ₹2
Record date for dividend eligibility set for February 1, 2026
Re-appointment of Mr. Sriram Sivaram as Independent Director for 5 years (2026-2031)
Approval for re-classification of Algavista Greentech (0% holding) to Public category
Unaudited standalone and consolidated Q3 FY26 financial results approved
💼 Action for Investors
Investors should note the record date of February 1, 2026, to qualify for the interim dividend payout. The re-appointment of experienced independent directors and clean-up of promoter classifications are positive signs of corporate governance.
CG Power Bags Largest Ever ₹900 Cr Export Order for US Data Centers
CG Power has secured its largest-ever single order worth approximately ₹900 Crore ($99.2M) from Tallgrass Integrated Logistics Solutions LLC for a US-based data center project. This landmark deal marks the company's entry into the rapidly growing global data center segment, a key vertical for power infrastructure. The order involves supplying power transformers manufactured in India with a delivery timeline of 12 to 20 months. Given CG Power's FY25 revenue of ₹9,909 crores, this single contract provides significant revenue visibility and validates its global engineering capabilities.
Key Highlights
Secured a ~₹900 Crore ($99.2M) order, the largest single order in the company's history.
Strategic entry into the global data center segment, targeting hyperscale applications in the US.
Order involves direct export of power transformers with a 12-20 month execution window.
The contract reinforces CG Power's position in the high-growth digital infrastructure power demand space.
💼 Action for Investors
Investors should view this as a major positive development that diversifies revenue into high-margin global tech infrastructure. Monitor the company's execution and potential for further orders in the AI-driven data center vertical.