CG Power and Industrial Solutions (CGPOWER) — Announcement

📢 Key Event
Axiro completes Tosil acquisition, finalizing 100% stake purchase.

🔄 What Changed
Tosil became a wholly owned subsidiary of Axiro.

💡 Investor Takeaway
The acquisition finalizes CG Power's expansion into semiconductor manufacturing through its subsidiary Axiro.

CG Power announced that its subsidiary Axiro completed the acquisition of 100% of Tosil Systems Private Limited for Rs. 16.44 Crores, finalizing the deal on 20 August 2026 and making Tosil a wholly owned subsidiary under Section 2(87) of the Companies Act, 2013.

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About CG Power and Industrial Solutions Limited (CGPOWER)

Capital Goods · Capital Goods - Electrical Equipment · Listed on NSE

Market Cap: ₹1,41,275.64 Cr P/E: 113.0 ROE: 15.6% ROCE: 21.3% Div Yield: 0.14%

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Source: Stock Announcements. Analysis by StockFin.ai. For informational purposes only — not investment advice.

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