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CG Power and Industrial Solutions Limited announced the appointment of Mr. Samit Khanna as Vice President - Consumer Products, effective September 1, 2026, according to a regulatory filing with the BSE Limited and National Stock Exchange of India Ltd.

CG Power and Industrial Solutions Limited announced that its wholly-owned subsidiary, Axiro Semiconductor Private Limited, has completed the acquisition of 100% of Tosil Systems Private Limited for a consideration of Rs 16.44 crores, according to a regulatory filing on August 20, 2026. The acquisition involved Axiro acquiring 500,000 equity shares of Rs 10 face value each, making Tosil a wholly-owned subsidiary under Section 2(87) of the Companies Act, 2013.

CG Power and Industrial Solutions Limited announced the appointment of M/s. Price Waterhouse Chartered Accountants LLP as the Statutory Auditors of the company with effect from August 19, 2026, until the conclusion of the 90th Annual General Meeting in 2027, replacing M/s. S R B C & CO LLP, whose resignation was previously disclosed on August 14, 2026.

CG Power and Industrial Solutions Limited said its wholly-owned subsidiary, Axiro Semiconductor Private Limited, has entered into a definitive agreement to acquire 100% of the shareholding in Tosil Systems Private Limited for a consideration of Rs 16.44 crore. Tosil, incorporated on February 27, 2017, provides semiconductor and embedded engineering services and had a turnover of Rs 11.94 crore for the year ended March 31, 2026. The acquisition is expected to be completed on or before August 31, 2026, and will strengthen CG Power`s semiconductor design capabilities.

Net profit of CG Power & Industrial Solutions rose 16.26% to Rs 313.01 crore in the quarter ended June 2026 as against Rs 269.23 crore during the previous quarter ended June 2025. Sales rose 13.99% to Rs 3280.81 crore in the quarter ended June 2026 as against Rs 2878.05 crore during the previous quarter ended June 2025. ParticularsQuarter EndedJun. 2026Jun. 2025% Var. Sales3280.812878.05 14 OPM %12.1113.25 - PBDT477.35407.28 17 PBT422.88363.78 16 NP313.01269.23 16 Powered by Capital Market - Live News