BSECompany Update7h ago · 20 Aug 2026, 10:58 am
Please find enclosed the disclosure under Regulation 30 of SEBI (LODR) regarding update on the acquisition of Tosil Systems Private Limited by Axiro Semiconductor Private Limited.
CG Power and Industrial Solutions Ltd · 500093
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CG Power and Industrial Solutions Ltd has announced that its wholly-owned subsidiary Axiro Semiconductor Private Limited has completed the acquisition of 100% stake in Tosil Systems Private Limited for Rs. 16.44 Crores.
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CG Power and Industrial Solutions Ltd - 500093 - Announcement under Regulation 30 (LODR)-Updates on Acquisition
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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
Corporate Identity Number: L99999MH1937PLC002641
Our Ref: COSEC/080/2026-27 20th August 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 Complex,
Rotunda Building, Bandra (East),
Phiroze Jeejeebhoy Towers, Mumbai 400 051
Dalal Street, Mumbai 400 001
Scrip Code: 500093 Scrip Id: CGPOWER
Dear Sir / Madam,
Sub: Intimation under Regulation 30 of the SEBI (Listing Obligations and Disclosure
Requirements) Regulations, 2015 - Update on the Acquisition of Tosil Systems Private
Limited by Axiro Semiconductor Private Limited
We refer to our disclosure having Ref. No. COSEC/077/2026-27 dated 17th August 2026 regarding
the execution of Definitive Agreement i.e., Securities Purchase Agreement by Axiro Semiconductor
Private Limited (“Axiro”), Wholly Owned Subsidiary of CG Power and Industrial Solutions Limited for
the acquisition of 100% (one hundred percent) of the shareholding in Tosil Systems Private Limited
(“Tosil”) for a consideration of Rs. 16.44 Crores.
Further to the above, we would like to inform that Axiro has completed the acquisition today of
5,00,000 equity shares of the face value of Rs.10/- each, representing 100% of the subscribed and
paid-up equity share capital of Tosil.
Consequently, Tosil has become a Wholly Owned Subsidiary of Axiro under Section 2(87) of the
Companies Act, 2013.
We request you to kindly take the above on record.
Thanking you,
Yours faithfully,
For CG Power and Industrial Solutions Limited
Sanjay Kumar Chowdhary
Company Secretary and Compliance Officer