CG Power Share Price in Focus; Subsidiary Axiro Semiconductor to Acquire Tosil Systems

CG Power and Industrial Solutions Limited announced that its wholly owned subsidiary, Axiro Semiconductor Private Limited, has entered into a Securities Purchase Agreement to acquire 100% of Tosil Systems Private Limited. The agreement was signed and shared on August 17, 2026. 

The transaction is valued at ₹16.44 crore and involves the purchase of 5 lakh equity shares of Tosil. These shares represent the entire issued and paid-up equity share capital. The consideration will be paid in cash. 

Transaction Terms 

As per the filing, the acquisition is to be completed on or before 31 August 2026, or another date mutually agreed by the parties. Completion is subject to the conditions precedent set out in the Securities Purchase Agreement. 

CG Power noted that the transaction is not a related party transaction. The sellers are unrelated individual shareholders of Tosil and are not related parties to CG Power, Axiro or their promoter group.  

The promoter, promoter group, and group companies have no interest in Tosil or its sellers. 

About Tosil Systems 

Tosil Systems was incorporated on 27 February 2017 and operates in the semiconductor design services and embedded engineering industry. The company provides services to semiconductor and electronics OEMs. 

Its business includes silicon design, verification and physical implementation, embedded software, Linux BSP development, and Edge AI engineering services. Tosil’s issued and paid-up equity share capital is ₹50 lakh. 

Tosil Systems Turnover Details 

For the year ended 31 March 2026, Tosil reported turnover of ₹11.94 crore. This was higher than the ₹11.12 crore recorded in FY2025 and ₹6.95 crore in FY2024. 

The company’s services cover embedded, silicon and application engineering design and development. CG Power said these services would complement Axiro Semiconductor’s semiconductor business. 

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CG Power and Industrial Solutions Share Price Performance  

As of August 17, 2026, 3:30 pm, CG Power and Industrial Solutions share price closed at ₹898.80, a 0.97% increase from the previous closing price. 

Conclusion 

The acquisition will give Axiro Semiconductor full ownership of Tosil Systems for ₹16.44 crore. Completion remains subject to the conditions in the purchase agreement. 

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