Outcome of Board Meeting

CG Power and Industrial Solutions Limited Registered Office: ONE UNITY CENTER, Unit Nos. 1504-1508, Senapati Bapat Marg, Prabhadevi, Mumbai - 400013, India T: +91 22 3120 7777 W: www.cgglobal.com Smart solutions. Corporate Identity Number: L99999MH1937PLC002641 Strong relationships, Our Ref: COSEC/102/2026-27 23rd October 2026 By portal The Corporate Relationship Department The Assistant Manager - Listing BSE Limited National Stock Exchange of India Ltd. 1st Floor, New Trading Ring Exchange Plaza, Bandra-Kurla Rotunda Building, Complex, Bandra (East), Phiroze Jeejeebhoy Towers, Mumbai 400 051 Dalal Street, Mumbai 400 001 Scrip Code: 500093 Scrip Id: CGPOWER Dear Sir/ Madam, Sub.: Outcome of Board Meeting under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("SEBI Listing Regulations"). In accordance with Regulation 30 of the SEBI Listing Regulations read with Schedule Ill thereto, we wish to inform you that the Board of Directors of the Company has, at its Meeting held today (i.e. Friday, 23rd October 2026), inter-alia, considered and approved the following: 1. Unaudited Financial Results: Unaudited Financial Results, Segment-Wise Financial Report and Statement of Assets and Liabilities of the Company, both on standalone as well as consolidated basis, for the 2nd quarter and half year ended 30th September 2026 ("Financial Results") as recommended by the Audit Committee of the Company. A copy of the Financial Results is enclosed for your information and records. We also enclose a copy of the Limited Review Report on the Financial Results for the 2nd quarter and half year ended 30th September 2026, signed by M/s. Price Waterhouse Chartered Accountants LLP, Statutory Auditors of the Company, as Annexure -1. 2. Designation of Mr. Rajat Shah and Mr. Rushikesh Kulkarni as Senior Management Personnel The Board of Directors, based on the recommendation of Nomination and Remuneration Committee, have designated Mr. Rajat Shah, Vice President - Services and Mr. Rushikesh Kulkarni, Chief Growth & Innovation Officer - Industrial Business as Senior Management Personnel w.e.f. 23rd October 2026. CG Power and Industrial Solutions Limited Registered Office: ONE UNITY CENTER, Unit Nos. 1504-1508, Senapati Bapat Marg, Prabhadevi, Mumbai - 400013, India T: +91 22 3120 7777 W: www.cgglobal.com Smart solutions. Corporate Identity Number: L99999MH1937PLC002641 Strong relationships. 3. Capacity expansion of Power Transformer facility (T3 - Division) The existing Power Transformer manufacturing facility is currently operating at its maximum capacity. The Company had undertaken Lean initiative and basis the outcome, there is scope to enhance the capacity by 1O , 000 MVA in the existing facility. Given the current and projected order pipeline for the division, the Board has approved the capacity enhancement. The total estimated project investment is t68 Crores (net of taxes). The project is planned to be completed within a period of 12-15 months and is expected to significantly enhance the plant's manufacturing capacity, enabling the division to meet growing market demand and strengthen its competitive position. 4. Brownfield/CAPEX Expansion of Switchgear facilities - S1 Unit Oil Impregnated Paper (OIP), S3 Unit-II Extra High Voltage (EHV) circuit breaker and Gas Insulated Switchgear (GIS) Division: The Company's existing manufacturing facilities are witnessing significant capacity constraints. In view of the increasing order pipeline and growing demand for EHV products and in order to cater to the growing domestic and export demand, the Company proposes to undertake the following capital expenditure projects: 1. S1 Unit (OIP), Ambad: The proposed project involves an investment of approximately t300 Crores to enhance the manufacturing capacity of OIP bushings and instrument transformers up to 800 kV, by 4236 equivalent units per year. The project will involve augmentation of manufacturing, assembly, testing and associated infrastructure, with production tentatively expected to commence within 30-36 months. 2. S3 Unit-II Phase 2: Further to our disclosure dated 4th June 2026, we wish to inform you that the Board has approved the further investment of approximately t15.31 Crores to enhance EHV circuit breaker manufacturing capacity by 3600 units (annually) at S3 Unit-II facility. The proposed capacity addition is planned to be completed within a period of 6-9 months. 3. GIS Division, Vilholi: Further to our disclosure dated 24th July 2026, we wish to inform you that the Board has approved the enhancement in Capex investment for the GIS brownfield project at Vilholi, Nashik, from t35.17 Crores to t44.62 Crores, representing an additional investment of t9.45 Crores. The enhancement primarily provides for procurement of an 800 kV high-voltage testing system, along with contingency, to enable testing of 245 kV and 400 kV GIS. Approximately 90% of the project assets are expected to be transferred to the Greenfield facilit on-its commissioning. <f ~e, tial/UJ!1 s>J.# CG Power and Industrial Solutions Limited Registered Office: ONE UNITY CENTER, Unit Nos. 1504-1508, Senapati Bapat Marg, Prabhadevi, Mumbai - 400013, India T: +91 22 3120 7777 W: www.cqglobal.com Smart solutions. Corporate Identity Number: L99999MH1937PLC002641 Strong relationships, The above investments are part of the greenfield investments proposed for switchgear business. The requisite disclosures as required as per the requirements of Regulation 30 of the SEBI Listing Regulations and SEBI Master Circular Ref. No. SEBI/HO/49/14/14(7)2025-CFD POD2/l/3762/2026 dated 30th January 2026 in respect of Item No. 2, 3 & 4 is enclosed as Annexure II, Ill, IV, V & VI. The Meeting of the Board of Directors commenced at 11 :40 a.m. (1ST) and concluded at 2:05 p.m. (1ST). We would appreciate if you could take the same on record. Thanking you, Yours faithfully, For CG Power and Industrial Solutions Limited ,,.- Sanjay Kumar Chowdhary Company Secretary and Compliance Officer Encl.: As above Annexure 1 Price Waterhouse Chartered Accountants LLP Independent auditor's review report on the unaudited standalone financial results of CG Power and Industrial Solutions Limited for the quarter and six months ended September 30, 2026, pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 The Board of Directors CG Power and Industrial Solutions Limited One Unity Center, Unit Nos. 1504-1508, Senapati Bapat Marg, Prabhadevi, Mumbai -400013 1. We have reviewed the unaudited standalone financial results of CG Power and Industrial Solutions Limited (the "Company'') for the quarter ended September 30, 2026 and the year to date results for the period April 1, 2026 to September 30, 2026, which are included in the accompanying 'Statement of Unaudited Standalone Financial Results for the quarter and six months ended 30th September, 2026', the unaudited standalone statement of assets and liabilities as on that date and the unaudited standalone statement of cash flows for the six months ended on that date (the "Statement"). The Statement has been prepared by the Company pursuant to the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (the "Listing Regulations, 2015"), which has been initialled by us for identification purposes. 2. This Statement, which is the responsibility of the Company's Management and approved by the Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34 "Interim Financial Reporting" ("Ind AS 34"), prescribed under Section 133 of the Companies Act, 2013, and other accounting principles generally accepted in India. Our responsibility is to express a conclusion on the Statement based on our review. 3. We conducted our review of the Statement in accordance with the Standard on Re [Showing first 8,000 characters — download PDF for full document]