CG Power & Industrial Solutions has announced a major asset divestment deal involving the sale of its entire factory assets to Indonesian company PT Prima Layanan Nasional Enjiniring. The transaction represents a significant strategic move in the company's asset portfolio management.

Transaction Details

The asset sale agreement encompasses the complete transfer of factory assets to the Indonesian engineering services company. The deal structure and timeline reflect a planned divestment strategy with specific completion targets.

Strategic Implications

The company has specifically stated that no financial impact is expected from this asset sale, suggesting the transaction is structured to maintain financial stability while enabling strategic restructuring. The extended timeline until March 2026 indicates a planned transition process that allows for operational continuity.

This divestment represents CG Power And Industrial Solutions' approach to optimizing its asset base and potentially focusing resources on core business operations. The sale to PT Prima Layanan Nasional Enjiniring, an Indonesian engineering services provider, indicates the cross-border nature of this industrial asset transaction.

CG Power & Industrial Solutions Limited has completed the allotment of 6,000 equity shares under its Employee Stock Option Plan 2021 to eligible employees. The allotment was executed on February 24, 2026, following the exercise of stock options granted under the ESOP 2021 scheme.

Allotment Details

The share allotment was structured across two different exercise price categories for the eligible employees:

All allotted equity shares carry a face value of Rs. 2.00 each and are fully paid up. These newly issued shares will rank pari-passu with the existing equity shares of the company in all respects, ensuring equal rights and privileges for all shareholders.

Impact on Share Capital

The allotment has resulted in an increase in the company's paid-up equity share capital structure:

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.

Regulatory Compliance

CG Power and Industrial Solutions Limited has informed both the Bombay Stock Exchange and National Stock Exchange of India about this allotment under Regulation 30 of the listing requirements. The company's shares are traded on BSE under scrip code 500093 and on NSE under the symbol CGPOWER.

The Employee Stock Option Plan 2021 represents the company's commitment to employee participation in its growth story, allowing eligible employees to acquire equity stakes at predetermined exercise prices based on their grant terms.