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.

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.