CG Power Strengthens Leadership and Expands Share Capital Through ESOP Allotment

CG Power & Industrial Solutions , a prominent player in the power and industrial equipment sector, has announced significant developments in both its leadership structure and share capital expansion. The company recently appointed a new Chief Human Resources Officer and completed a substantial equity share allotment under its Employee Stock Option Plan.

Leadership Enhancement

The company 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.

Ms. Gadkari brings over 21 years of rich experience in human resources management across various sectors, including FMCG, BFSI, Realty, Healthcare, and Steel Manufacturing. Her expertise encompasses building high-performance businesses, managing business turnarounds, driving organizational transformation, and talent management across different business stages.

Latest ESOP Allotment Details

On December 11, 2025, CG Power completed a significant equity share allotment under its Employee Stock Option Plan 2021 (ESOP 2021). The company allotted 40,000 equity shares of Rs. 2.00 each, fully paid up, to eligible employees.

Parameter:	Details
Total Shares Allotted:	40,000 equity shares
Face Value:	Rs. 2.00 per share
Exercise Price (Tranche 1):	Rs. 156.20 per share (15,000 shares)
Exercise Price (Tranche 2):	Rs. 635.10 per share (25,000 shares)
Allotment Date:	December 11, 2025

Updated Share Capital Structure

Following the latest allotment, CG Power's share capital structure has been updated significantly. The paid-up equity share capital increased from the previous Rs. 314.96 crores to Rs. 314.97 crores.

Metric:	Previous	Current	Change
Paid-up Share Capital:	Rs. 3,14,96,35,218	Rs. 3,14,97,15,218	+Rs. 80,000
Total Equity Shares:	1,57,48,17,609	1,57,48,57,609	+40,000
Face Value per Share:	Rs. 2.00	Rs. 2.00	No change

Strategic Organizational Development

Ms. Gadkari's appointment follows the resignation of Mr. Mehernosh Mehta, who served as Vice President - HR and stepped down on September 29, 2025, citing personal reasons. As the new CHRO, Ms. Gadkari will drive CG's talent agenda, shape leadership development, and cultivate a strong organizational culture to support the company's growth ambitions.

The newly allotted equity shares rank pari-passu with existing equity shares in all respects, maintaining equal rights and privileges for all shareholders. These developments reflect CG Power's continued focus on strengthening both its human resources capabilities and employee engagement through equity participation programs.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-0.09%	+0.69%	-10.00%	-1.48%	-14.97%	+1,470.52%

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

Board Consideration: The request will be placed before CG Power's Board of Directors for approval.
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.