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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

CG Power & Industrial Solutions has allotted 34,660 equity shares under ESOP on 17 July 2026. With this allotment, the paid up equity share capital has increased to Rs.3,15,00,27,818 comprising of 1,57,50,13,909 equity shares of face value of Rs. 2/- each.