CG Power & Industrial Solutions , a prominent player in the power and industrial equipment sector, has announced a significant addition to its leadership team. The company has appointed Ms. Vrushali Kedar Gadkari as Vice President & Chief Human Resources Officer (CHRO), effective September 30, 2025. This strategic move underscores CG Power's commitment to strengthening its human capital and supporting its growth ambitions.

Extensive Experience and Expertise

Ms. Gadkari brings over 21 years of rich experience in human resources management to her new role at CG Power. Her impressive career spans various sectors, including FMCG, BFSI, Realty, Healthcare, and Steel Manufacturing. Her expertise lies in:

• Building high-performance businesses
• Managing business turnarounds
• Driving organizational transformation
• Talent management across different business stages

Strategic Appointment

The appointment of Ms. Gadkari is part of CG Power's strategy to build an agile, people-centric organization. As the new CHRO, she will play a pivotal role in:

• Driving CG's talent agenda
• Shaping leadership development
• Cultivating a strong organizational culture

These efforts are aimed at supporting the company's growth ambitions and aligning with its overarching purpose.

Transition in Leadership

Ms. Gadkari's appointment follows the resignation of Mr. Mehernosh Mehta, who served as Vice President - HR. Mr. Mehta stepped down from his position effective September 29, 2025, citing personal reasons.

Impact on Share Capital

In a separate development, CG Power also reported an allotment of 23,000 equity shares under its Employee Stock Option Plan 2021 (ESOP 2021) on September 30, 2025. This allotment has resulted in a slight increase in the company's paid-up equity share capital, which now stands at Rs. 3,14,94,39,618.00, comprising 1,57,47,19,809 equity shares of face value Rs. 2.00 each.

As CG Power continues to evolve and strengthen its leadership team, the appointment of Ms. Vrushali Kedar Gadkari as CHRO marks a significant step towards achieving its organizational goals and fostering a robust human resource strategy.

CG Power & Industrial Solutions (CG Power) has received a request from Coromandel Engineering Company Limited (CECL) for reclassification from 'promoter and promoter group' to 'public' category. This development comes in the wake of CECL's complete divestment of its shareholding in CG Power.

Key Points of the Reclassification Request

• Divestment Background: The request follows a Share Purchase Agreement (SPA) executed on 29th September 2023, through which CECL's entire shareholding in CG Power was divested.
• Change of Control: The divestment resulted in a change of control on 29th December 2023.
• Current Shareholding: CECL currently holds zero shares, representing 0.00% shareholding in CG Power.
• Request Letter: CG Power received the formal request letter on 26th September 2025.

Next Steps in the Reclassification Process

1. Board Consideration: The request will be placed before CG Power's Board of Directors for approval.
2. Stock Exchange Application: Upon board approval, CG Power will submit an application to the National Stock Exchange of India Limited (NSE) and BSE Limited seeking no-objection for the reclassification.

CECL's Confirmations

In compliance with Regulation 31A(3)(b) of the SEBI Listing Regulations, CECL has confirmed that:

• It does not hold more than 10% of the total voting rights in CG Power.
• It does not exercise control over the affairs of CG Power directly or indirectly.
• It has no special rights with respect to CG Power through formal or informal arrangements.
• It has no representation on the Board of Directors of CG Power.
• It does not act as a key managerial personnel in CG Power.
• It is not classified as a 'wilful defaulter' or categorized as a fugitive economic offender.

Implications for CG Power

This reclassification request, if approved, will alter CG Power's shareholding structure by reducing its promoter group category. The move reflects the changing ownership dynamics following the divestment by CECL.

Trading Window Closure

In a separate but related development, CG Power has announced the closure of its trading window from 30th September 2025. The window will remain closed until 48 hours after the publication of the company's unaudited financial results for the quarter and half-year ending 30th September 2025. This closure is in compliance with SEBI regulations and the company's Code on Insider Trading.

Investors and market participants are advised to take note of these developments as they may impact the company's shareholding structure and trading activities in the near term.