CG Power and Industrial Solutions Ltd has declared an interim dividend of 65% for the financial year 2025-26, as announced during the company's board meeting held on January 27.

Dividend Details

The BSE 200 constituent company has set the record date for dividend eligibility as February 1. This interim dividend declaration demonstrates the company's commitment to returning value to shareholders during the current financial year.

Financial Results Release

Alongside the dividend announcement, CG Power and Industrial Solutions also released its unaudited financial results for the third quarter and nine months ended December 31, 2025. The company provided comprehensive financial data covering both standalone and consolidated basis.

The financial disclosures include segment-wise financial reports, offering stakeholders detailed insights into the company's performance across different business verticals during the reporting period.

Corporate Update

As a constituent of the BSE 200 index, CG Power and Industrial Solutions continues to maintain its position among India's prominent listed companies. The simultaneous release of dividend declaration and quarterly financial results reflects the company's adherence to regulatory compliance and transparent corporate governance practices.

CG Power & Industrial Solutions has submitted its quarterly compliance report to stock exchanges, confirming no deviation in the utilisation of funds raised through its Qualified Institutions Placement (QIP) for the quarter ended 31st December, 2025. The statement, filed under Regulation 32 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, was reviewed by the company's Audit Committee on 27th January, 2026.

QIP Fund Details and Utilisation

The company successfully raised Rs. 3,000 crores through its QIP on 4th July 2025. After adjusting for issue-related expenses of Rs. 26.03 crores including GST, the net proceeds available for utilisation stand at Rs. 2,973.97 crores. As of the quarter ended 31st December, 2025, the company has utilised Rs. 274.37 crores across its planned strategic initiatives.

Fund Allocation and Progress

The QIP proceeds have been allocated across multiple strategic objectives, with the largest allocation directed towards semiconductor operations:

Strategic Investment Focus

The primary focus of fund utilisation has been on the company's semiconductor subsidiary, CG Semi Private Limited, which received Rs. 184.67 crores for establishing an Outsourced Semiconductor Assembly and Test (OSAT) facility. This represents the largest single utilisation from the QIP proceeds during the quarter.

Additionally, Rs. 63.44 crores has been deployed towards setting up a power transformer plant, aligning with the company's core electrical equipment manufacturing business. The company has allocated funds for acquisitions and inorganic growth opportunities, though no utilisation has occurred in this category during the reporting quarter.

Compliance and Monitoring

CARE Ratings Limited serves as the monitoring agency for the QIP fund utilisation. The quarterly statement confirms that there has been no deviation in the objects or purposes for which the funds were raised, no deviation in the amount of funds utilised against original disclosures, and no changes in contract terms from the original fund-raising documents.

The Audit Committee and auditors have provided no adverse comments on the fund utilisation pattern, indicating adherence to the planned deployment strategy outlined during the QIP issuance.