Please find enclosed the Press Release dated 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. Strong relationships. Corporate Identity Number: L99999MH1937PLC002641 Our Ref: COSEC/103/2026-27 23rd October, 2026 By Portal The Corporate Relationship Department The Listing Department BSE Limited National Stock Exchange of India Limited 1st Floor, New Trading Ring, Exchange Plaza, Bandra-Kurla Complex, Rotunda Building, Bandra (East), Phiroze Jeejeebhoy Towers, Mumbai 400 051 Dalal Street, Mumbai 400 001 Scrip Code : 500093 Scrip Code : CGPOWER Dear Sir/Madam, Sub: Press Release Please find enclosed Press Release issued by the Company in connection with the Unaudited financial results for the 2nd quarter and half year ended 30th September, 2026, announced today. Request you to kindly 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 Smart solutions. Strong relationships. CG POWER AND INDUSTRIAL SOLUTIONS LIMITED PRESS RELEASE Mumbai, India, October23, 2026 CG continues strong growth momentum in H1FY27; delivers another record-high quarterly performance Q2 sales grow 32% and PAT grows 46% YoY CG Power and Industrial Solutions Limited("CG") today announced resultsfor the quarter and half-year ended September 30, 2026, delivering another quarter of strong growth and profitability. The performance builds on the momentum established in the past few quarters and reflects execution discipline across CG's businesses, supported by robust demand. Growth momentum strengthened, with profit growth outpacing revenue growth; strong order book offering revenue visibility Q2FY27 sales grew 32% YoY, order intake grew by 90% YoY and PAT grew 46% YoY marking one of the strongest quarterly performances in recent times Orders remained robust, with backlog strengthened further at INR 21,820 Cr, offering multi-quarter visibility Sales of INR 3,505 Cr, EBITDA of INR 637 Cr and PAT of INR 450 Cr achieved in the quarter is the highest ever in recent times1 FINANCIAL RESULTS (STANDALONE) INRCrores Q2 FY27 Q2 FY26 YoY% Q1 FY27 QoQ% SM FY27 6MFY26 YoY% Sales 3,505 2,649 32% 3,061 14% 6,566 5,293 24% EBITDA 637 435 47% 518 23% 1,155 842 37% EBITDA / Sales % 18.2% 16.4% 16.9% 17.6% 15.9% PBT 602 409 47% 487 24% 1,089 792 38% PBT /Sales% 17.2% 15.4% 15.9% 16.6% 15.0% PAT 450 307 46% 364 24% 813 594 37% PAT/Sales% 12.8% 11.6% 11.9% 12.4% 11.2% • Aggregate sales for the quarter wereatINR 3,505Cr recording a growth of 32%YoY • PBTwas higher with a growth of 47% at INR 602Cr (17.2% of sales) as against INR 409 Cr (15.4% of sales) in Q2FY26 • 180 bps better marginYoYdriven by Power Systems performance • ROCE2(Return on capital employed -annualised)for the quarterwas at 27% 1 Excluding exceptional items; 2 IncludingQIP proceeds • Order intake for the quarter was INR 8,016 Cr (90% growth YoY) and Unexecuted Order backlog as of 30th September 2026 was INR 21,820 Cr (61% higher YoY) Segment wise performance Industrial Systems Strong growth across revenue and PBIT despite a dynamic cost environment INR Crores Q2 FY27 Q2 FY26 YoY% Q1 FY27 QoQ% 6MFY27 6M FY26 YoY% Sales 1,738 1,395 25% 1,671 4% 3,409 2,969 15% EBITDA 177 145 22% 160 11% 337 327 3% EBITDA /Sales% 10.2% 10.4% 9.6% 9.9% 11.0% PBIT 164 135 22% 148 11% 312 306 2% PBIT / Sales % 9.4% 9.7% 8.8% 9.1% 10.3% • Aggregate sales for the quarter were at INR 1,738 Cr (25% YoY), driven by strong growth across all businesses • PBIT was at INR 164 Cr (9.4% of sales) as against INR 135 Cr (9.7% of sales) in Q2FY26 • 60 bps sequentially better margin driven by margin expansion in Motors • Order intake for the quarter was INR 1,758 Cr (12% YoY) and Unexecuted Order backlog, as of 30th September 2026, remains healthy at INR 2,856 Cr, providing visibility for the coming quarters Power systems Strong growth with further margin expansion, reflecting continued operating momentum and robust demand INRCrores Q2 FY27 Q2 FY26 YoY% Q1 FY27 QoQ% 6M FY27 6MFY26 YoY% Sales 1,769 1,254 41% 1,402 26% 3,170 2,325 36% EBITDA 458 269 70% 338 36% 795 504 58% EBITDA / Sales % 25.9% 21.5% 24.1% 25.1% 21.7% PBIT 443 260 71% 324 36% 767 485 58% PBIT / Sales % 25.0% 20.7% 23.1% 24.2% 20.9% • Aggregate sales for the quarter were higher at INR 1,769 Cr with a sharp rise of 41% YoY, supported by disciplined execution • PBIT was at INR 443 Cr (25.0% of sales) as against INR 260 Cr (20.7% of sales) in Q2FY26 • 430 bps improvement in margin YoY, underpinned by stronger price realisation and better operating leverage amid resilient demand • Order intake for the quarter was at INR 6,258 Cr (137% growth YoY) and Unexecuted Order Backlog as of 30th September 2026 was INR 18,964 Cr (81% higher YoY), providing multi-quarter visibility FINANCIAL RESULTS (CONSOLIDATED) INR Crores Q2 FY27 Q2 FY26 YoY% Q1 FY27 QoQ% 6MFY27 6M FY26 YoY% Sales 3,802 2,923 30% 3,281 16% 7,082 5,801 22% EBITDA 621 443 40% 481 29% 1,102 852 29% EBITDA / Sales % 16.3% 15.2% 14.7% 15.6% 14.7% PBT 559 388 44% 423 32% 982 752 31% PBT /Sales% 14.7% 13.3% 12.9% 13.9% 13.0% PAT 409 284 44% 308 33% 717 551 30% PAT/ Sales% 10.8% 9.7% 9.4% 10.1% 9.5% Consolidated results include the performance of the operating Subsidiaries at Sweden, Germany and Netherlands (Drives and Automation Europe), CG DE Sub LLC, CG Adhesive Products Ltd (India), CG Semi Private Limited (India), G.G. Tronics India Private Limited, Axiro Semiconductor Group, and other non-operating subsidiaries. • Aggregate sales for the quarter were up at INR 3,802 Cr at a growth of 30% YoY • PBT was 44% higher at INR 559 Cr (14.7% of sales) for the quarter as against INR 388 Cr (13.3% of sales) in Q2FY26 • Margin expansion led by strong Power Systems performance; partially offset by continued talent investments across CG Semi and Axiro (total semiconductor segment impact of 35 Cr, 91 bps) • ROCE3 (Return on capital employed annualised) for the quarter was at 25% • Order intake for the quarter was 78% higher YoY at INR 8,485 Cr and Unexecuted Order backlog as of 30th September 2026 was 58% higher YoY at INR 23,646 Cr Key events: 1. CG strengthens India's power infrastructure manufacturing capabilities with the roll out of first transformer from India's largest transformer manufacturing facility at Sehore, Madhya Pradesh on September 4, 2026. The greenfield facility was made operational within 13 months and is spread over 50 acres. This facility is India's largest single - location power transformer manufacturing facility built for 220 kV to 1200 kV class power transformers with a capacity to rollout 35 power transformers every month. Hon'ble Chief Minister of Madhya Pradesh, Dr. Mohan Yadav graced the occasion of the first transformer rollout. 2. Axiro Semiconductor Private Limited ("Axiro"), a wholly owned subsidiary of CG, acquired 100% of the equity share capital of Tosil Systems Private Limited ("Tosil") for a consideration of INR 16.44 crore. The transaction was completed August 20, 2026, making Tosil a wholy owned subsidiary of Axiro. Tosil is engaged in the business of providing semiconductor and embedded engineering services company providing silicon design, verification and physical implementation, embedded software and Linux BSP development, and Edge AI engineering services to global semiconductor and electronics OEMs. 3. CG's existing manufacturing facilities in Switchgear business are witnessing peak capacity utilisations. In view of the increasing order pipeline and growing demand for Extra High Voltage (EHV) products and in order to cater to the growing domestic and export demand, the CG proposes to undertake the following capital expenditure projects: 3 Including QIP proceeds a. S1 Unit (OIP), Ambad: The proposed project involves an investment of approximately ~300 Crores to increase the manufacturi [Showing first 8,000 characters — download PDF for full document]