CG Power & Industrial Solutions Limited has announced the allotment of 3,640 equity shares under its Employee Stock Option Plan 2021. The company informed stock exchanges about this development through a regulatory filing on March 25, 2026.

Share Allotment Details

The company allotted the equity shares to eligible employees who exercised their stock options under ESOP 2021. The allotment details are as follows:

The newly allotted equity shares will rank pari-passu with the existing equity shares of the company in all respects, ensuring equal rights and privileges for all shareholders.

Impact on Share Capital

Following the allotment of these shares, CG Power's paid-up equity share capital has witnessed an increase. The capital structure changes are detailed below:

The increase in paid-up capital reflects the company's commitment to its employee stock option program and provides eligible employees with an opportunity to participate in the company's growth.

Regulatory Compliance

CG Power has duly informed both BSE Limited and National Stock Exchange of India Limited about this allotment as required under regulatory provisions. The company maintains transparency in its corporate actions and ensures timely disclosure of material information to stakeholders and regulatory authorities.

CG Power and Industrial Solutions Limited has announced receiving updated credit ratings from India Ratings and Research (Ind-Ra) on March 19, 2026, pursuant to Regulation 30 of SEBI's Listing Obligations and Disclosure Requirements. The rating agency has taken multiple rating actions on the company's debt instruments, reflecting a comprehensive assessment of its financial position.

Rating Actions Overview

India Ratings has taken the following rating actions on CG Power's various financial instruments:

Bank Loan Facilities Breakdown

The detailed breakdown of bank loan facilities shows CG Power's diversified banking relationships across multiple financial institutions:

Commercial Paper Programme Details

The commercial paper programme worth INR 5.00 billion carries specific characteristics that distinguish it from other facilities. The programme has a maturity period ranging from 7 to 365 days and remains yet to be placed in the market. Importantly, these commercial papers will not be carved out from the fund-based working capital limits, providing additional flexibility in the company's financing structure.

Rating Methodology and Compliance

India Ratings has emphasized that the ratings are based on established criteria and methodologies that undergo continuous evaluation and updates. The rating agency conducts reasonable investigations of factual information and obtains verification from independent sources where available. The ratings reflect the collective work product of India Ratings, with shared authorship across their analytical team.

The rating letters, signed by Abhishek Bhattacharya, Senior Director at India Ratings, were addressed to Susheel Todi, Chief Financial Officer of CG Power. The comprehensive rating update demonstrates the agency's thorough assessment of the company's creditworthiness across multiple financial instruments and banking relationships.