CG Power and Industrial Solutions Ltd

CG Power and Industrial Solutions Ltd. has commissioned its new Extra High-Voltage (EHV) switchgear manufacturing facility, S3 Unit-II, in Nashik. This facility expands the company's EHV circuit breaker manufacturing capacity by 80%, adding 7,200 units annually for breakers in the 33 kV to 245 kV range. The investment of Rs. 39.49 crore was funded through internal accruals. The new plant features advanced manufacturing and testing infrastructure, including high-voltage laboratories, and is designed to meet growing demand in domestic and international markets, supporting sectors like utilities, railways, and renewable energy. The facility also incorporates sustainable manufacturing practices.

CG Power and Industrial Solutions Ltd. has commissioned its new Extra High-Voltage (EHV) Switchgear Manufacturing Facility, S3 Unit-II, in Nashik, Maharashtra. This facility expands the company's EHV circuit breaker manufacturing capacity by 80%, adding 7,200 units annually for breakers in the 33 kV to 245 kV range. The investment for this facility is Rs. 39.49 crore, funded through internal accruals. The new plant features advanced manufacturing and testing infrastructure, including high-voltage laboratories, and is designed to meet growing domestic and international demand, particularly in sectors like utilities, railways, and renewable energy. The facility also incorporates sustainable manufacturing practices.

CG Power and Industrial Solutions Ltd's Board of Directors approved the audited financial results, segment-wise financial report, and statement of assets and liabilities for Q4 and the year ended March 31, 2026, on both standalone and consolidated bases. The audit report, with an unmodified opinion, was issued by M/s. S R B C & CO LLP, Chartered Accountants.

CG Power and Industrial Solutions Ltd has released the Monitoring Agency Report by CARE Ratings Limited for the quarter ended March 31, 2026, concerning the utilization of proceeds from a Qualified Institutions Placement (QIP) issue of ₹3000 crore. The report indicates no deviations from the stated objectives of the issue, as per Regulation 32(6) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

CG Power and Industrial Solutions Ltd has announced that its 89th Annual General Meeting (AGM) will be held on Friday, July 24, 2026, at 03:00 p.m. (IST). The meeting was scheduled during the Board of Directors meeting on May 6, 2026. The AGM will be conducted through Video Conference/ Other Audio Visual Means, adhering to circulars from the Ministry of Corporate Affairs and SEBI.

CG Power and Industrial Solutions Ltd announced record FY26 performance with strong Q4 results. FY26 sales grew 21% YoY to ₹11,331 Cr, and PBT grew 34% YoY. The company's order backlog increased by 59% YoY to ₹15,719 Cr. Q4FY26 sales grew 22% YoY, and PBT grew 43% YoY. The Industrial Systems segment saw sales of ₹6,197 Cr for FY26, a 6% YoY increase.

CG Power and Industrial Solutions Ltd announced record FY26 performance with strong Q4 results. Q4FY26 sales grew 22% YoY, PBT grew 43% YoY. FY26 sales increased by 21% YoY, and PBT grew by 34% YoY. The company's order backlog rose 59% YoY to ₹15,719 Cr. Q4FY26 sales reached ₹3,129 Cr, EBITDA ₹573 Cr, and PBT ₹547 Cr. The industrial systems segment saw Q4 sales of ₹1,643 Cr, up 5% YoY.

CG Power and Industrial Solutions Ltd has announced the approval of audited financial results, segment-wise financial reports, and statements of assets and liabilities for the quarter and year ended March 31, 2026. The Board of Directors approved these results at a meeting held on May 6, 2026, following a recommendation from the Audit Committee. The auditor's report, issued by M/s. S R B C & CO LLP, Chartered Accountants, contains an unmodified opinion on the standalone and consolidated financial results.

CG Power and Industrial Solutions Ltd has scheduled a Board of Directors meeting on May 6, 2026, to consider and approve the audited financial results for the year and quarter ended March 31, 2026, on both standalone and consolidated bases. The trading window, already closed from March 31, 2026, will remain closed until May 8, 2026, inclusive, in relation to the publication of these results.

CG Power and Industrial Solutions Ltd has received a fresh revisionary assessment order under Section 143(3) r.w.s. 263 of the Income Tax Act, 1961, for Assessment Year 2022-23. This new order includes an additional disallowance of 21,43,17,440/- related to the set-off of unabsorbed depreciation loss. Previously, the company had received an original assessment order on February 28, 2024, with a tax demand of 188,78,91,580/-, against which it had deposited 4,89,38,029/- and obtained a stay on the balance demand, currently under appeal before the CIT(A). The company is evaluating the fresh order and intends to take appropriate legal steps, including filing an appeal, believing it has a strong chance of success. The total quantum of claims for AY 2022-23 is now 236,73,81,955.