CG Semi Private Limited, a subsidiary of cg power & industrial solutions , commenced commercial production at its G1 Outsourced Semiconductor Assembly and Test (OSAT) facility in Sanand, Gujarat on July 4, 2026. This milestone marks the operationalization of one of India's first dedicated OSAT facilities, established as a joint venture between CG Power, Renesas Electronics Corporation, and Stars Microelectronics. The commencement of production positions the entity to serve global customers in the automotive, defence, infrastructure, industrial, and IoT sectors.

The G1 facility, inaugurated in August 2025, features a peak capacity of up to 300 million units per year. Operations have progressed through equipment installation, process stabilization, workforce training, and customer qualification phases. The facility is equipped with high-yield production systems, robust process controls, and in-house reliability and failure analysis capabilities to ensure quality standards.

CG Semi is investing over ₹7,600 crore over five years to develop two OSAT facilities, comprising the now-operational G1 and the under-development G2. The G2 facility is expected to significantly scale production capacity upon completion. The project is backed by central and state government support and involves collaboration between the joint venture partners.

The company has focused on building a talent foundation by bringing together semiconductor professionals with experience in assembly, packaging, and testing. Investments have been made in training Indian engineers, operators, and technicians for high-volume OSAT operations. Vellayan Subbiah, Chairman of CG Power, highlighted the significance of the development, noting that the first shipment reflects the belief in the sector and the team's combined effort.

Key Project Details

CG Power and Industrial Solutions Limited has intimated the publication of its Notice of the 89th Annual General Meeting (AGM) in newspapers, confirming the meeting is scheduled for Friday, 24 July 2026 at 03:00 p.m. (IST) via Video Conferencing (VC) or Other Audio Visual Means (OAVM). The notice was dispatched electronically on 30 June 2026 to members whose email addresses are registered with the depositories or the Registrar and Share Transfer Agent, Datamatics Business Solutions Limited. The filing was submitted to BSE Limited and National Stock Exchange of India Limited on 1 July 2026, in compliance with Regulation 30, 44, and 47 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

AGM Agenda and Resolutions

The AGM will transact ordinary business including the adoption of the Standalone and Consolidated Financial Statements for the year ended 31 March 2026 and the confirmation of the interim dividend of ₹1.30 per equity share declared earlier. The Board has proposed the re-appointment of Mr. Vellayan Subbiah (DIN: 01138759), who retires by rotation. Under special business, shareholders will consider the ratification of remuneration payable to M/s. R. Nanabhoy & Co., Cost Accountants, amounting to ₹9,13,000 plus applicable taxes for FY 2026-27.

E-Voting and Shareholder Participation

The company has provided a remote e-voting facility through NSDL to enable members to cast their votes prior to the meeting. The remote e-voting period commences on Monday, 20 July 2026 at 09:00 a.m. (IST) and concludes on Thursday, 23 July 2026 at 05:00 p.m. (IST). Members holding shares in physical or dematerialised form as on Friday, 17 July 2026, the cut-off date, are eligible to vote. Mr. Prashant S. Mehta, Proprietor of M/s. P. Mehta & Associates, has been appointed as the Scrutinizer for the e-voting process.

Helpdesk and Contact Information

Members facing technical issues with remote e-voting can contact the respective helpdesks based on their depository:

Shareholders may also write to the Company Secretary at investorservices@cgglobal.com for any queries regarding the AGM or e-voting process.