CG Power & Industrial Solutions Limited has completed the allotment of 3,000 equity shares under its Employee Stock Option Plan 2021 (ESOP 2021) on March 10, 2026. The shares were issued to eligible employees who exercised their stock options at the prescribed exercise price.

Share Allotment Details

The company allotted equity shares with specific parameters under the ESOP 2021 scheme. Each share carries a face value of Rs. 2 and was issued as fully paid-up equity shares.

Impact on Share Capital

The allotment has resulted in an increase in the company's paid-up equity share capital. The newly issued shares rank pari-passu with existing equity shares of the company in all respects, ensuring equal rights and privileges for all shareholders.

Regulatory Compliance

The company has informed both BSE Limited and National Stock Exchange of India Limited about this allotment as part of its regulatory compliance obligations. The communication was made through the designated portal system to the respective stock exchanges' corporate relationship departments.

The allotment represents the company's ongoing commitment to its employee incentive programs, allowing eligible employees to participate in the company's equity through the structured ESOP 2021 scheme. The exercise of stock options by employees demonstrates confidence in the company's prospects and aligns employee interests with shareholder value creation.

CG Power & Industrial Solutions Limited has successfully concluded its postal ballot process, with shareholders overwhelmingly approving the re-appointment of Mr. Sriram Sivaram as Non-Executive Independent Director. The special resolution was passed on March 6, 2026, following an extensive e-voting process that demonstrated strong shareholder confidence in the company's board composition.

Voting Results and Shareholder Participation

The postal ballot witnessed significant shareholder participation, with detailed voting results reflecting broad-based support across all categories of shareholders:

Category-wise Voting Pattern

The voting results demonstrated unanimous support from the promoter group and strong approval from public shareholders:

E-voting Process and Timeline

The company conducted the postal ballot exclusively through electronic voting, utilizing NSDL as the service provider. The e-voting process commenced on February 4, 2026, at 9:00 a.m. and concluded on March 5, 2026, at 5:00 p.m. The postal ballot notice was dispatched on February 3, 2026, with the cut-off date set as February 1, 2026.

Scrutinizer's Validation

Prashant S. Mehta of P. Mehta & Associates, Practicing Company Secretaries, served as the appointed scrutinizer for the postal ballot process. The scrutinizer's report, dated March 6, 2026, confirmed that the special resolution was passed with requisite majority in compliance with Section 108 and 110 of the Companies Act, 2013.

Resolution Details

The special resolution pertained to the re-appointment of Mr. Sriram Sivaram (DIN: 01070444) as a Non-Executive Independent Director of the company. The resolution was classified as one where promoters and promoter group had no specific interest, ensuring independent shareholder decision-making.

The voting results and scrutinizer's report have been made available on the company's website at www.cgglobal.com , maintaining transparency in the corporate governance process. The successful completion of this postal ballot reinforces shareholder confidence in the company's leadership and governance framework.