CG Power promoters confirm no encumbrance in FY26
Tube Investments of India Limited confirmed that the promoters of CG Power & Industrial Solutions Limited did not create any encumbrances on their shares during FY26, aside from previously disclosed ones. This disclosure was made to the Audit Committee under SEBI takeover regulations.
*this image is generated using AI for illustrative purposes only.
Tube Investments of India Limited has confirmed that the promoters and promoter group members of CG Power & Industrial Solutions Limited did not create any encumbrances on their shares during the financial year 2025-26. The disclosure, made under Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, states that no new charges were created directly or indirectly other than those already disclosed to the target company.
The confirmation was addressed to the Audit Committee of CG Power & Industrial Solutions Limited. This communication serves as a formal declaration of compliance regarding the shareholding status of the promoters for the specified financial period. The disclosure was simultaneously submitted to the Audit Committee in accordance with Regulation 31(5)(b) of the regulations.
The list of shareholders covered under this disclosure includes individuals and entities classified as Promoters and Promoter Group. The following table details the shareholders included in the confirmation:
| Serial No. | Name of the Shareholders | Category |
|---|---|---|
| 1 | M V Subbiah | Promoter |
| 2 | M V Subbiah - As Kartha of HUF | Promoter |
| 3 | M V Seetha Subbiah | Promoter Group |
| 4 | Valli Subbiah | Promoter Group |
| 5 | Late UMayal.R. | Promoter Group |
| 6 | S Vellayan | Promoter |
| 7 | Lalitha Vellayan | Promoter Group |
| 8 | Valli Annamalai | Promoter Group |
| 9 | V Narayanan | Promoter |
| 10 | V Vasantha | Promoter Group |
The document was signed by M A M Arunachalam, Executive Chairman of Tube Investments of India Limited, on April 6, 2026. The comprehensive list of promoters and promoter group entities encompasses various family trusts and group companies associated with the Murugappa Group.
Historical Stock Returns for CG Power & Industrial Solutions
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -6.97% | -5.26% | -1.67% | +37.51% | +34.00% | +1,008.07% |
How will this clean encumbrance status impact Tube Investments' ability to raise capital for CG Power's future expansion?
Does this compliance signal the completion of Tube Investments' due diligence, paving the way for further integration of CG Power?
What strategic shifts can investors expect in CG Power's operations now that the promoter shareholding is fully secured?
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