CG Power & Industrial Solutions Limited has announced a board meeting to review and approve its audited financial results for the financial year 2026. The company has formally notified stock exchanges about this significant corporate development.

Board Meeting Details

The board of directors meeting has been scheduled for Wednesday, May 6, 2026. The primary agenda includes consideration and approval of audited financial results for both standalone and consolidated basis for the year and quarter ended March 31, 2026.

Regulatory Compliance

The company has issued this intimation pursuant to Regulation 29 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The notification was sent to both major stock exchanges where the company's shares are listed.

Stock Exchange Communication

The formal communication was addressed to:

• BSE Limited: Scrip Code 500093
• National Stock Exchange of India Ltd: Scrip Id CGPOWER

Trading Window Restrictions

In accordance with SEBI (Prohibition of Insider Trading) Regulations, 2015, and the company's Internal Code on Insider Trading, specific trading restrictions are in place for designated persons.

The trading window, which closed on March 31, 2026, will continue to remain closed until May 8, 2026, covering the period around the financial results publication.

Corporate Information

The notification was signed by Sanjay Kumar Chowdhary, Company Secretary and Compliance Officer, and digitally authenticated on April 22, 2026. The company maintains its registered office at ONE UNITY CENTER, Senapati Bapat Marg, Prabhadevi, Mumbai, and operates under Corporate Identity Number L99999MH1937PLC002641.

cg power & industrial solutions has received a revisionary order under Section 143(3) read with Section 263 of the Income Tax Act, 1961 from the Income Tax Department in respect of Assessment Year 2022-23. The order includes an additional disallowance of Rs.21,43,17,440 on account of set-off of unabsorbed depreciation loss. The disclosure was made to the stock exchanges on 21st April 2026 under Regulation 30 of the SEBI Listing Regulations.

The company had earlier received the original assessment order for AY 2022-23 on 28th February 2024, wherein a tax demand of Rs.188,78,91,580 was raised. This was disclosed by the company through letter reference COSEC/190/2023-24 dated 29th February 2024. Subsequently, the company informed through letter reference COSEC/210/2024-25 dated 5th December 2024 that it had moved an application for stay of demand before the Assessing Officer on 2nd May 2024.

The stay application was heard by the Assistant Commissioner of Income Tax (ACIT) and accepted. The ACIT passed an order directing the company to deposit Rs.4,89,38,029, while the balance demand was stayed till disposal of its appeal before the Commissioner of Income Tax (Appeals) [CIT(A)]. Currently, this order is under appeal before the CIT(A).

Key Tax Assessment Details

The company received a notice initiating revisionary proceedings under Section 263 of the Income Tax Act, 1961, pursuant to which a fresh assessment order was issued. The Assessing Officer made the additional disallowance on account of set-off of unabsorbed depreciation loss amounting to Rs.21,43,17,440.

CG Power and Industrial Solutions is in the process of evaluating the said order and will take appropriate legal steps, including filing an appeal. The company believes it has a fair chance of succeeding in the appeal and expects the disallowances and additions made to be deleted. The total quantum of claims for Assessment Year 2022-23 stands at Rs.236,73,81,955.