Cospower Engineering Limited has submitted a regulatory disclosure to BSE Limited regarding the substantial acquisition of shares by Swapna Gunda under Regulation 29(1) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The filing was officially submitted on March 13, 2026, through the company's Wholetime Director Oswald Rosario Dsouza.

Acquisition Details

The transaction involved the acquisition of 1,62,000 equity shares through preferential allotment, representing 8.82% of the company's total share capital. Gunda, who is not part of the promoter or promoter group, held no shares in the company prior to this acquisition.

Share Capital Impact

The preferential allotment resulted in a significant expansion of Cospower Engineering's equity base, with the total share capital increasing from Rs. 1,67,45,000 to Rs. 1,83,65,000.

Shareholding Pattern Changes

Following the completion of this transaction, Gunda's shareholding position represents 8.82% of both the total share capital and diluted share capital of the company.

Regulatory Compliance and Filing

The disclosure was filed with BSE Limited, where Cospower Engineering's shares are listed under scrip code 543172. The company's registered office is located at No. 940, Sr. No.134/17A, Pazar Talav Road, Vaki Pada, Tal. Vasai, Naigaon East, Maharashtra. The regulatory filing confirms full compliance with SEBI regulations governing substantial acquisitions of shares, with the formal disclosure submitted within the prescribed timeframe following the share credit date.

Cospower engineering Limited has announced the successful completion of its separate meeting of independent directors, held on March 13, 2026. The meeting represents a key governance milestone as part of the company's regulatory compliance under corporate governance norms.

Meeting Overview and Duration

The independent directors' meeting commenced at 3:00 PM and concluded at 3:40 PM on Friday, March 13, 2026. The focused 40-minute session addressed critical governance and performance evaluation matters as required under regulatory frameworks.

Key Agenda Items Addressed

The independent directors undertook a comprehensive review covering three primary areas during their deliberations:

Governance and Performance Evaluation

The meeting focused extensively on performance assessments across multiple levels of the organization's leadership structure. The independent directors conducted thorough evaluations of non-independent directors' contributions and effectiveness. Additionally, they assessed the overall board performance, examining how well the collective leadership has functioned in guiding the company's strategic direction.

The chairperson's performance review incorporated diverse perspectives from both executive and non-executive directors, ensuring a comprehensive evaluation process. This multi-stakeholder approach provides balanced insights into leadership effectiveness and governance quality.

Information Flow Assessment

A significant portion of the meeting addressed the critical aspect of information flow between company management and the board. The independent directors evaluated whether the quality, quantity, and timeliness of information provided enables the board to effectively discharge its duties and make informed decisions.

Regulatory Compliance

The meeting fulfills the company's obligations under Regulation 30 of corporate governance requirements. Ashley Mathew Correa, Independent Director with DIN 09461989, signed the official communication to BSE Limited, confirming the meeting's completion and outcomes.

The company has requested BSE Limited to take the meeting details and outcomes on record, maintaining transparency in its governance processes and regulatory compliance efforts.