CGPOWER - CG Power & Ind
📢 Recent Corporate Announcements
CG Power and Industrial Solutions has scheduled three one-on-one meetings with institutional investors and analysts between March 24 and March 27, 2026. The interactions involve major entities including UBS Securities India, Quest Investment Managers, and 360 ONE Capital. These meetings are part of the company's routine investor relations activities to provide updates on business operations. While no price-sensitive information is expected to be disclosed, the engagement highlights continued institutional interest in the company.
- Meeting with UBS Securities India Private Ltd scheduled for March 24, 2026.
- One-on-one interaction with Quest Investment Managers (PMS Fund) on March 26, 2026.
- Scheduled meeting with 360 ONE Capital for March 27, 2026.
- Compliance with SEBI (LODR) Regulations 2015 regarding analyst/investor meet disclosures.
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.
- 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
CG Power and Industrial Solutions has entered into an agreement to sell its 51% stake in its Indonesian step-down subsidiary, PT Crompton Prima Switchgear Indonesia (CPSI). The stake is being sold to the joint venture partner, PT Prima Layanan Nasional Enjiniring, for a nominal consideration of IDR 1. As CPSI is currently non-operational and contributes nothing to the company's revenue or net worth, the divestment will have no adverse financial impact. The transaction is expected to be completed by March 31, 2026, effectively removing the entity from CG Power's consolidated books.
- Divestment of 51% stake in PT Crompton Prima Switchgear Indonesia (CPSI) to PLNE
- Transaction value set at a nominal IDR 1 as the entity is currently non-operational
- CPSI had zero contribution to the group's turnover and net worth in the last fiscal year
- Sale is expected to conclude by March 31, 2026, following fulfillment of conditions
- Management confirms no adverse financial impact on the company's financial statements
CG Power and Industrial Solutions Limited has allotted 6,000 equity shares to eligible employees under its Employee Stock Option Plan 2021. The shares were issued at an exercise price of Rs. 156.20 per share, which is part of the company's employee compensation strategy. Following this allotment, the company's paid-up equity share capital has increased from Rs. 3,14,98,17,218 to Rs. 3,14,98,29,218. This represents a very minor dilution of the total share base, which now consists of 1,57,49,14,609 equity shares.
- Allotment of 6,000 equity shares of face value Rs. 2 each.
- Exercise price for the allotment fixed at Rs. 156.20 per share.
- Paid-up equity capital increased to approximately Rs. 314.98 crore.
- Total number of equity shares stands at 1,57,49,14,609 post-allotment.
CG Power's subsidiary, PT Crompton Prima Switchgear Indonesia (CPSI), has entered into an agreement to sell its factory assets to PT Prima Layanan Nasional Enjiniring for IDR 155 billion. CPSI has been a non-operating entity and classified as a discontinued operation since FY 2022-23, contributing nil revenue to the consolidated books. The proceeds from the sale will be used to settle external liabilities and shareholder loans, with the transaction expected to conclude by March 31, 2026. The company has confirmed there will be no adverse financial impact on its statements from this transaction.
- Sale of factory assets including land, plant, and machinery for IDR 155 billion
- CPSI is a 51:49 venture between CG Power's Singapore subsidiary and PLNE Indonesia
- The entity has been non-operational with zero revenue contribution since FY 2022-23
- Proceeds will be utilized to clear external liabilities and repay shareholder loans
- Transaction completion is targeted for March 31, 2026
CG Power and Industrial Solutions Limited has allotted 6,000 equity shares of face value Rs. 2 each to eligible employees under its ESOP 2021 scheme. The allotment consists of 4,000 shares issued at an exercise price of Rs. 156.20 and 2,000 shares at Rs. 595.45. Consequently, the company's paid-up equity share capital has increased slightly to Rs. 3,14,98,17,218. These new shares will rank pari-passu with the existing equity shares of the company.
- Allotment of 6,000 equity shares of face value Rs. 2 each on February 24, 2026.
- Exercise prices for the allotment were Rs. 156.20 for 4,000 shares and Rs. 595.45 for 2,000 shares.
- Total paid-up equity capital increased from Rs. 3,14,98,05,218 to Rs. 3,14,98,17,218.
- Total number of equity shares post-allotment stands at 1,57,49,08,609.
- The newly allotted shares rank pari-passu with existing equity shares in all respects.
CG Power and Industrial Solutions Limited has allotted 10,000 equity shares to eligible employees under its Employee Stock Option Plan 2021. The shares were issued at an exercise price of Rs. 156.20 per share, which is a standard procedure for employee retention and incentive. This allotment has marginally increased the company's paid-up equity share capital to Rs. 3,14,98,05,218. The new shares will rank pari-passu with existing shares, carrying the same dividend and voting rights.
- Allotment of 10,000 equity shares of face value Rs. 2 each on February 6, 2026
- Shares issued at an exercise price of Rs. 156.20 per share under ESOP 2021
- Paid-up equity share capital increased from Rs. 3,14,97,85,218 to Rs. 3,14,98,05,218
- Total number of equity shares outstanding increased to 1,57,49,02,609
CG Power and Industrial Solutions Limited has issued a postal ballot notice to seek shareholder approval for the re-appointment of Mr. Sriram Sivaram as a Non-Executive Independent Director. The proposed second term is for five consecutive years, spanning from June 11, 2026, to June 10, 2031. The remote e-voting period for shareholders is scheduled to commence on February 4, 2026, and conclude on March 5, 2026. This move is intended to ensure continuity in the company's governance and leverage Mr. Sivaram's extensive experience in the energy sector.
- Proposed re-appointment of Mr. Sriram Sivaram for a second 5-year term starting June 11, 2026.
- Remote e-voting period set from February 4, 2026, to March 5, 2026.
- Cut-off date for determining shareholder voting eligibility is February 1, 2026.
- Mr. Sivaram holds a B.Tech from IIT Madras and an MBA from Cornell University with 15+ years of energy sector experience.
- The resolution is being proposed as a Special Resolution requiring requisite majority approval.
CG Power and Industrial Solutions Limited has announced a series of meetings with institutional investors and analysts throughout February 2026. The schedule includes one-to-one sessions with Motilal Oswal 3P Investment Managers on February 4 and HSBC Securities on February 5. A larger group meeting organized by IIFL Institutional Equities is also planned for February 25. These meetings are part of the company's regular engagement with the financial community to discuss business updates.
- One-to-one meeting scheduled with Motilal Oswal 3P Investment Managers on February 4, 2026
- One-to-one meeting scheduled with HSBC Securities and Capital Markets on February 5, 2026
- Group meeting organized by IIFL - Institutional Equities scheduled for February 25, 2026
- Disclosures made pursuant to Regulation 30(2) and 46(2) of SEBI LODR Regulations
CG Power and Industrial Solutions Limited has disclosed its schedule for several analyst and institutional investor meetings throughout February 2026. The company will hold one-to-one sessions with Motilal Oswal 3P Investment Managers on February 4 and HSBC Securities on February 5. A larger group meeting organized by IIFL Institutional Equities is also planned for February 25. These meetings are part of the company's standard investor relations engagement under SEBI disclosure regulations.
- One-to-one meeting scheduled with Motilal Oswal 3P Investment Managers on February 4, 2026.
- One-to-one meeting scheduled with HSBC Securities and Capital Markets on February 5, 2026.
- Group meeting organized by IIFL - Institutional Equities scheduled for February 25, 2026.
- Meetings are conducted in compliance with SEBI Listing Obligations and Disclosure Requirements.
CG Power and Industrial Solutions Limited has announced a series of meetings with institutional investors and analysts scheduled for February 2026. The company will engage in one-to-one meetings with Motilal Oswal 3P Investment Managers on February 4 and HSBC Securities on February 5. Furthermore, a group meeting organized by IIFL Institutional Equities is scheduled for February 25. These interactions are part of the company's ongoing investor relations program to provide updates on business operations.
- One-to-one meeting with Motilal Oswal 3P Investment Managers on February 4, 2026
- One-to-one meeting with HSBC Securities and Capital Markets on February 5, 2026
- Group meeting organized by IIFL - Institutional Equities Group on February 25, 2026
- Compliance with Regulations 30(2) and 46(2) of SEBI LODR Regulations
CG Power and Industrial Solutions has formally submitted an application to BSE and NSE for the reclassification of Algavista Greentech Private Limited. The outgoing entity currently holds 0 shares, representing a 0.00% stake in the company. This regulatory move follows previous internal approvals and disclosures made in December 2025 and January 2026. The reclassification is being conducted under Regulation 31A of SEBI Listing Regulations to update the promoter group structure.
- Application filed with BSE and NSE for declassification of Algavista Greentech Private Limited.
- The outgoing promoter entity holds 0 equity shares (0.00% stake) in CG Power.
- The process is in compliance with Regulation 31A of SEBI (LODR) Regulations, 2015.
- Follows previous company disclosures dated December 18, 2025, and January 27, 2026.
CG Power and Industrial Solutions has received a stay order regarding a ₹33.02 crore income tax demand for the Assessment Year 2020-21. The stay is conditional upon the company depositing 20% of the disputed amount, which will be paid in six monthly installments of ₹1.10 crore each. This development follows the company's appeal to the Income Tax Appellate Tribunal (ITAT) challenging the original assessment order. The remaining tax demand remains stayed until the ITAT provides a final ruling on the matter.
- Income Tax Department raised a tax demand of ₹33,01,61,769 for AY 2020-21
- Company filed an appeal with ITAT Mumbai on January 16, 2026, challenging the demand
- Stay of demand granted on January 29, 2026, by the Assessing Officer
- Stay is subject to payment of 20% of the demand via 6 installments of ₹1.10 crore each
- Balance demand is stayed until the final disposal of the appeal by the ITAT
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.
- 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.
CG Power and Industrial Solutions Limited has announced a scheduled one-to-one meeting with IIFL - Institutional Equities. The meeting is slated for Wednesday, February 4, 2026, following the company's regulatory compliance under SEBI LODR Regulations. Such meetings are standard practice for listed companies to engage with institutional investors regarding business outlook and performance. No price-sensitive information is expected to be shared that isn't already in the public domain.
- One-to-one meeting scheduled for Wednesday, February 4, 2026.
- The meeting is organized by IIFL - Institutional Equities.
- Disclosure made under Regulations 30(2) and 46(2) of SEBI LODR.
- The schedule is subject to changes due to exigencies.
Financial Performance
Revenue Growth by Segment
Fractional Horsepower (FHP) motors recorded a quantity growth of 55% YoY, LT motors grew 4.2%, and HT motors declined by 1% as of March 2025. The Drives & Automation (D&A) segment, specifically CG Emotron, reported growth in orders and sales within the marine, material handling, and water sectors.
Geographic Revenue Split
The company expanded its global footprint with a new regional office in Dubai to serve the Middle East and Africa (MEA) region. Market expansion also includes Malaysia (380V AC Trailable Point Machines), Vietnam (Hanoi distributor network), France, North America, and South America.
Capital Expenditure
Indian Railways Budget 2025-2026 allocated INR 2,65,000 Cr for capital expenditure, including INR 32,235 Cr for new lines, INR 32,000 Cr for doubling tracks, and INR 58,895 Cr for rolling stock, which directly benefits CG's railway segment.
Operational Drivers
Raw Materials
Steel (traction motor stampings), Copper (transformers and motors), and Aluminium (Elite Series motor bodies).
Capacity Expansion
CG D&A is currently expanding its India production facility to meet increased demand for standard products. FHP motors saw a 55% quantity growth driven by the Air Handling segment.
Raw Material Costs
Surging commodity prices are noted as a factor for sequential deceleration in industrial production, impacting input costs for motor manufacturing.
Manufacturing Efficiency
Achieved a 50% reduction in Customer Complaint Rate Percentage (CCRP) and a 2-week improvement in average lead time from customer purchase to testing.
Logistics & Distribution
Maintains a network of over 300 Authorized Service Centres with an 85% Turnaround Time (TAT) adherence rate.
Strategic Growth
Expected Growth Rate
3.70%
Growth Strategy
Growth will be achieved through the acquisition of a 55.60% stake in G.G.Tronics for 'KAVACH' safety systems, expansion into the EV motor market (3-wheelers to heavy trucks), and localized support via a new Dubai office for the MEA region.
Products & Services
EV Traction Motors, KAVACH Electronic Safety Signalling, Traction Converters, 380V AC Trailable Point Machines, FHP/LT/HT Motors, Pumps, Fans, and Battery Energy Storage Systems (BESS).
Brand Portfolio
CG, CG Emotron, CG Vishwas, Elite Series.
New Products/Services
Launched 380V AC Trailable Point Machines for Malaysian Railways and indigenously developed EV Motors and Controllers for LCVs, MCVs, and HCVs.
Market Expansion
Targeting the MEA region via Dubai (2025), expanding direct channels in France and North America, and deepening pump segment presence in Central and Western India.
Market Share & Ranking
CG is a leading provider of Railway Signalling Systems and Technology solutions in India.
Strategic Alliances
Acquired 55.60% stake in G.G.Tronics India Private Limited to leverage synergies in railway transport safety.
External Factors
Industry Trends
The power sector is shifting toward 50% non-fossil fuel sources by 2030. Railways are moving toward 100% electrification by 2030 and implementing the KAVACH safety system across the network.
Competitive Landscape
The government is encouraging greater private sector participation in transmission projects, increasing competition in the power systems sector.
Competitive Moat
Durable advantages include specialized 'KAVACH' technology, a massive service network of 300+ centers, and indigenous development of EV traction motors which are difficult for competitors to replicate quickly.
Macro Economic Sensitivity
Industrial production growth is muted at 3.7% on average, sensitive to commodity price surges and global supply chain disruptions.
Consumer Behavior
Shift toward e-commerce in the ECD segment and increased demand for energy-efficient 'Smart Motors' and prepaid smart meters (19.79 Cr units sanctioned).
Geopolitical Risks
Geopolitical impacts are noted as affecting the D&A segment, though the company managed to grow orders despite these factors.
Regulatory & Governance
Industry Regulations
Compliance with RDSS (Revamped Distribution Sector Scheme) for smart metering and loss reduction projects worth INR 1,46,000 Cr.
Environmental Compliance
Achieved SUP-Free (Single-Use Plastic) certification for FHP unit and ZWTL 'Aspiring' certification for LT Motors Unit 1.
Legal Contingencies
The company received warning letters from NSE and BSE on December 5, 2025, regarding delayed compliance with Regulation 31A(8) of SEBI LODR related to promoter reclassification.
Risk Analysis
Key Uncertainties
Declining trend in LT Motors market due to industrial stagnancy; potential for future SEBI actions if disclosure lapses recur.
Geographic Concentration Risk
Deepening presence in Central and Western India for pumps, while expanding in Northern and Eastern markets.
Third Party Dependencies
Dependency on a global partner network for CG Emotron's expansion in Middle East and South America.
Technology Obsolescence Risk
Mitigated by R&D in Industry 4.0, EV motors, and microprocessor-driven switching for traction converters.
Credit & Counterparty Risk
RDSS scheme aims to improve financial sustainability of DISCOMs, reducing ACS-ARR gap to INR 0.45 per kWh, which improves counterparty credit for CG's power segment.