Axiro Semiconductor Private Limited, a wholly owned subsidiary of CG Power & Industrial Solutions , has executed a definitive agreement to acquire 100% of Tosil Systems Private Limited. The transaction, valued at ₹16.44 crore, involves the purchase of all 5,00,000 equity shares of the target company from unrelated individual shareholders.

The deal is structured as a cash consideration and is subject to the satisfactory completion of conditions precedent outlined in the Securities Purchase Agreement. CG Power disclosed the transaction under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, on August 17, 2026.

Strategic Rationale

The acquisition is designed to strengthen Axiro’s semiconductor design capabilities. Tosil, a nine-year-old firm incorporated in February 2017, provides silicon design, verification, physical implementation, embedded software, Linux BSP development, and Edge AI engineering services. These offerings complement Axiro’s existing semiconductor business by adding embedded, silicon, and application engineering design and development services.

Tosil serves global semiconductor and electronics OEMs. The transaction does not constitute a related-party transaction, with the sellers having no connection to CG Power, Axiro, or their promoter groups.

Financial Profile of Target

Tosil Systems reported a turnover of ₹11.94 crore for the fiscal year ended March 31, 2026. This represents an increase from ₹11.12 crore in FY25 and ₹6.95 crore in FY24. The target company has an issued and paid-up equity share capital of ₹50 lakh.

What the Numbers Show

The acquisition price of ₹16.44 crore implies a valuation multiple of approximately 1.38 times Tosil’s FY26 turnover of ₹11.94 crore. This multiple is significantly lower than the implied multiple based on FY24 turnover (₹6.95 crore), reflecting the target’s revenue growth trajectory. The three-year turnover data points indicate consistent expansion, with revenue rising from ₹6.95 crore in FY24 to ₹11.94 crore in FY26.

Transaction Timeline

The acquisition is expected to be completed on or before August 31, 2026, or such extended date as may be mutually agreed upon. No governmental or regulatory approvals are required for this transaction.

CG Power and Industrial Solutions is holding a scheduled one-on-one meeting with institutional investor Premji Invest on Wednesday, August 12, 2026. The engagement provides investors with direct access to company management for discussions on business strategy and performance. This interaction supports transparency and investor relations efforts as required by market regulations.

The disclosure was made pursuant to Regulations 30(2) and 46(2) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended from time to time. Sanjay Kumar Chowdhary, Company Secretary and Compliance Officer, signed the intimation filed with the stock exchanges.

Meeting Schedule

The meeting is organized by Premji Invest and is subject to changes due to exigencies. The details are as follows:

Regulatory Compliance

The company submitted the schedule to both the Bombay Stock Exchange Limited and the National Stock Exchange of India Ltd. The filing ensures that all material interactions with analysts and institutional investors are recorded publicly, maintaining fair disclosure standards for all shareholders.