CG Power Completes Divestment of Indonesian Subsidiary PT Crompton Prima Switchgear

CG Power & Industrial Solutions has successfully completed the divestment of its Indonesian subsidiary, marking a significant step in the company's strategic restructuring initiatives. The transaction involves the complete sale of PT Crompton Prima Switchgear Indonesia (CPSI), which was previously held through the company's international holding structure.

Transaction Structure and Completion

The divestment was executed through CG International Holdings Singapore Pte Ltd. (CGS), which serves as a wholly owned subsidiary of CG Power and Industrial Solutions. The formal completion occurred on 1st April, 2026, with the signing of the Share Sale and Purchase Deed.

Transaction Details:	Information
Divested Entity:	PT Crompton Prima Switchgear Indonesia (CPSI)
Selling Entity:	CG International Holdings Singapore Pte Ltd.
Transaction Date:	1st April, 2026
Legal Document:	Share Sale and Purchase Deed

Corporate Structure Impact

Following the completion of this transaction, PT Crompton Prima Switchgear Indonesia ceases to be a subsidiary of CG International Holdings Singapore and consequently is no longer a step-down subsidiary of CG Power and Industrial Solutions Limited. This change represents a streamlining of the company's international subsidiary structure.

Regulatory Compliance

The disclosure was made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, ensuring full transparency with stakeholders. The announcement references previous disclosures dated 25th February 2026 and 5th March 2026, indicating this divestment was part of a previously communicated strategic initiative.

Company Background

CG Power and Industrial Solutions Limited, with its registered office in Mumbai, operates under Corporate Identity Number L99999MH1937PLC002641. The company maintains its commitment to providing smarter solutions and stronger relationships across its business segments while optimizing its global footprint through strategic portfolio decisions.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-0.04%	-1.76%	-6.23%	-8.08%	+10.58%	+889.16%

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:

Parameter:	Details
Number of Shares:	3,640 equity shares
Face Value:	Rs. 2.00 per share
Exercise Price:	Rs. 156.20 per share
Allotment Date:	March 25, 2026
Share Status:	Fully paid up

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:

Metric:	Before Allotment	After Allotment
Paid-up Capital:	Rs. 3,14,98,35,218	Rs. 3,14,98,42,498
Total Equity Shares:	1,57,49,19,609	1,57,49,21,249
Face Value per Share:	Rs. 2.00	Rs. 2.00

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.