CG Power & Industrial Solutions Limited has completed the allotment of 10,000 equity shares under its Employee Stock Option Plan 2021 (ESOP 2021) on February 6, 2026. The company informed the stock exchanges about this corporate action through an official communication.

Share Allotment Details

The allotment was made to an eligible employee who exercised stock options granted under the ESOP 2021 scheme. The key parameters of the allotment are presented below:

Impact on Share Capital

The allotment has resulted in an increase in the company's paid-up equity share capital. The capital structure change is detailed in the following table:

Share Rights and Ranking

The newly allotted equity shares carry the same rights and privileges as the existing equity shares of the company. These shares rank pari-passu with the existing equity shares in all respects, ensuring equal treatment for all shareholders.

Regulatory Compliance

CG Power and Industrial Solutions Limited communicated this allotment to both major stock exchanges where its shares are listed. The company informed BSE Limited (Scrip Code: 500093) and National Stock Exchange of India Limited (Scrip ID: CGPOWER) about the completion of this ESOP allotment as part of its regulatory compliance obligations.

The Employee Stock Option Plan 2021 represents the company's commitment to employee participation in its growth story through equity-based compensation schemes.

CG Power & Industrial Solutions ' subsidiary G.G. Tronics India has secured a major contract worth ₹433 crore from Chittaranjan Locomotive Works for the implementation of the Kavach train collision avoidance system. This comprehensive agreement marks a significant development in India's railway safety modernization efforts.

Contract Details

The contract encompasses a complete range of services for the Kavach system implementation:

Scope of Work

The comprehensive contract covers multiple critical phases of the Kavach system deployment. G.G. Tronics India will be responsible for the complete lifecycle management of the project, from initial supply through long-term maintenance support.

The key deliverables include:

• Supply of Kavach train collision avoidance system components
• Professional installation services
• Comprehensive testing protocols
• System commissioning and integration
• 11-year Annual Maintenance Contract support

Strategic Significance

This contract positions CG Power's subsidiary as a key participant in the Indian Railways' safety enhancement initiative. The Kavach system represents a critical component of India's railway modernization program, designed to prevent train collisions and enhance operational safety across the network.

The 11-year maintenance contract ensures long-term revenue visibility for G.G. Tronics India, providing sustained business engagement beyond the initial implementation phase. This extended service commitment demonstrates the company's capability to deliver comprehensive technology solutions with ongoing support infrastructure.