CG Power & Industrial Solutions ' wholly owned subsidiary Axiro Semiconductor has announced a strategic investment in EdgeCortix, a leading fabless semiconductor company specializing in energy-efficient AI processing at the edge. The investment was announced on April 15, 2026, alongside MPower Partners, a Japan-based global venture capital fund.

Strategic Investment Details

The investment strengthens EdgeCortix's position as a global leader in AI inference, accelerating the development and commercialization of its next-generation, energy-efficient platforms for Generative and Agentic AI. The funding builds on the strong momentum of EdgeCortix's previously oversubscribed funding round.

Axiro Semiconductor's Strategic Focus

Axiro Semiconductor brings deep expertise in RF, mmWave, and advanced connectivity IC design for next-generation wireless systems. Headquartered in India, the company focuses on building high-performance semiconductor solutions across multiple sectors while expanding into adjacent domains.

Key Focus Areas:

• Telecom and satellite communications
• Defense applications
• AI-driven infrastructure
• Industrial systems and robotics
• Consumer electronics

Management Commentary

Dr. Naveen Yanduru, Chief Executive Officer at Axiro, expressed enthusiasm about the partnership: "This investment reflects our focus on advancing next-generation semiconductor and connectivity technologies. We see alignment with EdgeCortix's low-power, high-performance AI capabilities, including platforms such as SAKURA-II, and the potential to complement our work in advanced connectivity."

Kathy Matsui, General Partner at MPower Partners, highlighted the strategic alignment: "EdgeCortix's software-first approach and focus on performance-per-watt align closely with our Fund 2 theme of 'Japan Dynamism'. We believe the company is uniquely positioned to deliver sustainable, scalable innovation while enabling the next generation of AI applications globally."

EdgeCortix Technology Platform

EdgeCortix operates as a fabless semiconductor company delivering energy-efficient AI processing for real-time edge inference. The company is headquartered in Kanagawa, Japan, with operations in the United States and India.

Core Technologies:

• Dynamic Neural Accelerator® architecture
• MERA software stack
• Runtime-reconfigurable AI acceleration
• Hardware-software co-design approach

Market Applications and Growth Potential

Dr. Sakyasingha Dasgupta, Founder and CEO of EdgeCortix, emphasized the strategic value of the partnership: "Axiro's expertise in advanced wireless systems and strong presence across India's industrial ecosystem open new pathways for collaboration and market expansion, while MPower's deep network in Japan and global investment perspective support our continued growth."

The collaboration targets multiple high-growth application areas including defense, aerospace, smart infrastructure, Industry 4.0, robotics, and telecommunications, positioning both companies to capitalize on the expanding edge AI market.

CG Power & Industrial Solutions has announced strategic changes in its senior management structure, effective April 14, 2026. The company has made key appointments and role transitions to strengthen its leadership team across critical business functions.

Senior Management Restructuring

The company has implemented a dual-pronged approach to optimize its senior management capabilities. Mr. Deven Jani, who previously served as Vice President - Strategic Sourcing, will transition to a new role as Vice President - i2v & ESG Head. In his previous capacity, Mr. Jani was responsible for heading the strategic sourcing function while also managing initiatives under i2v (Innovate to Value) and ESG.

New Strategic Sourcing Leadership

To fill the strategic sourcing leadership position, the company has appointed Mr. Shirish Shah as Vice President - Strategic Sourcing. This appointment places him in the senior management category of the company, ensuring continuity in the critical sourcing function.

Professional Background

Mr. Shah brings extensive industry experience to his new role:

• Experience: Over three decades in procurement, sourcing, and supply chain management
• Industry Focus: Leading industrial organizations
• Core Expertise: Cost optimization, delivery performance, inventory efficiency, and project execution
• Professional Certification: Certified in Production & Inventory Management (CPIM) by APICS, USA

Regulatory Compliance

The company has fulfilled its disclosure obligations under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The notification was formally communicated to both BSE Limited and National Stock Exchange of India Limited on April 14, 2026.

Strategic Focus Areas

The restructuring reflects the company's commitment to specialized leadership in key operational areas. Mr. Jani's transition to focus exclusively on i2v and ESG initiatives demonstrates the company's emphasis on innovation-driven value creation and environmental, social, and governance priorities. Meanwhile, Mr. Shah's appointment ensures dedicated leadership for the strategic sourcing function, leveraging his extensive experience in supply chain optimization and procurement management.