With reference to its 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, Wholly Owned Subsidiary of the company for the acquisition of 100% of the shareholding in Tosil Systems (‘Tosil’) for a consideration of Rs. 16.44 Crores. Further to the above, CG Power and Industrial Solutions has informed 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.
The above information is a part of company’s filings submitted to BSE.
