CG Power & Industrial Solutions Limited has completed another allotment of 6,000 equity shares under its Employee Stock Option Plan 2021 to eligible employees. The latest allotment was executed on March 3, 2026, following the exercise of stock options granted under the ESOP 2021 scheme.

Latest Allotment Details

The recent share allotment was structured with uniform pricing for all eligible employees:

All allotted equity shares are fully paid up and will rank pari-passu with the existing equity shares of the company in all respects, ensuring equal rights and privileges for all shareholders.

Updated Share Capital Structure

The March 2026 allotment has further increased the company's paid-up equity share capital:

The increase of Rs. 12,000 in paid-up share capital reflects the addition of 6,000 new equity shares at the face value of Rs. 2.00 each.

Previous ESOP Activity

This follows an earlier allotment under the same ESOP 2021 scheme, where the company had previously allotted 6,000 equity shares across different exercise price categories:

Regulatory Compliance

CG Power and Industrial Solutions Limited has informed both the Bombay Stock Exchange and National Stock Exchange of India about this latest allotment under Regulation 30 of the listing requirements. The communication was sent through the Company Secretary and Compliance Officer, Sanjay Kumar Chowdhary.

The continued implementation of the Employee Stock Option Plan 2021 demonstrates the company's ongoing commitment to employee participation in its growth story, allowing eligible employees to acquire equity stakes at predetermined exercise prices.

CG Power & Industrial Solutions has announced the sale of factory assets belonging to its subsidiary PT Crompton Prima Switchgear Indonesia (CPSI) to Indonesian partner PT Prima Layanan Nasional Enjiniring (PLNE). The transaction, disclosed under regulatory filing requirements, involves the complete divestment of CPSI's manufacturing assets.

Transaction Structure and Details

CPSI has entered into a Heads of Agreement regarding Sale and Purchase Binding Agreement with PLNE for the disposal of all factory assets. The deal encompasses comprehensive manufacturing infrastructure including land, plant and machinery, furniture, and equipment.

Subsidiary Background and Operations

CPSI was established as a joint venture between CG International Holdings Singapore Pte Ltd., a wholly owned foreign subsidiary of CG Power, holding 51% stake, and PT Prima Layanan Nasional Enjiniring holding the remaining 49%. The subsidiary has been classified as a non-operating entity and treated as discontinued operations since FY 2022-23, with this status consistently disclosed in the company's financial statements.

Financial Implications and Use of Proceeds

The company has confirmed that no adverse financial impact is anticipated from this transaction. The IDR 155.00 billion consideration will be utilized by CPSI primarily to meet its external liabilities, with the remaining balance directed towards settling shareholder loans. This structured approach ensures the transaction maintains financial stability while enabling strategic asset optimization.

Regulatory Compliance and Disclosure

The asset sale has been disclosed under Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015. The transaction does not qualify as a related party transaction, and the buyer PT Prima Layanan Nasional Enjiniring does not belong to the promoter group or any associated companies of CG Power And Industrial Solutions.