CG Power and Industrial Solutions Limited has issued a regulatory update regarding a change in its subsidiary structure. The development relates to its overseas entity and follows earlier disclosures made in recent months.
Alongside this announcement, the company’s shares recorded a decline during intraday trading, reflecting ongoing market activity.
The company stated that its wholly owned subsidiary, CG International Holdings Singapore Pte Ltd, has completed the execution of a share sale and purchase agreement.
As a result of this transaction, PT Crompton Prima Switchgear Indonesia is no longer part of the subsidiary chain and has ceased to be a step-down subsidiary of CG Power.
This update has been shared with stock exchanges under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The filing follows earlier communications issued on February 25 and March 5, 2026, indicating that the transaction forms part of an ongoing process.
Such disclosures are intended to inform stakeholders about material corporate developments in a timely manner.
CG Power and Industrial Solutions Limited shares were trading at ₹668.90 at 12 noon, registering a decline of ₹11.40 or 1.68% compared to the previous close of ₹680.30.
The stock opened at ₹670.25 and moved within an intraday range of ₹655.60 to ₹673.00. The price action indicates moderate fluctuations during the trading session.
CG Power and Industrial Solutions Limited operates in the electrical engineering segment, with offerings across power systems and industrial equipment. The company maintains operations in both domestic and international markets through its network of subsidiaries.
The cessation of PT Crompton Prima Switchgear Indonesia as a step-down subsidiary reflects a structural change within CG Power’s international operations. While the company has completed this transaction, its share price showed a decline during the trading session. Investors may continue to monitor future disclosures for further clarity.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation or investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
Investments in the securities market are subject to market risks. Read all related documents carefully before investing.
Published on: Apr 2, 2026, 12:04 PM IST
Neha Dubey
Neha Dubey is a Content Analyst with 3 years of experience in financial journalism, having written for a leading newswire agency and multiple newspapers. At Angel One, she creates daily content on finance and the economy. Neha holds a degree in Economics and a Master’s in Journalism.
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