CG Power & Industrial Solutions (CGPOWER) — Announcement

📢 Key Event
Company receives revised tax demand of Rs. 236.74 crores with stay conditions

🔄 What Changed
Revised tax demand increased from Rs. 188.79 crores to Rs. 236.74 crores

🔮 What's Next
Payment of Rs. 30 crores in five instalments as per stay order

💡 Investor Takeaway
Shareholders face potential cash outflow of Rs. 30 crores upfront while tax dispute remains unresolved.

⚠️ Risks
Pending appeal before CIT(A) with unresolved tax liability

CG Power & Industrial Solutions disclosed a revised tax demand of Rs. 236.74 crores for FY 2022-23 following a revisionary assessment, with a stay order requiring payment of 20% of the demand in five instalments, including Rs. 30 crores upfront, while the remaining amount is stayed pending appeal resolution.

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About CG Power & Industrial Solutions Ltd (CGPOWER)

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

Market Cap: ₹1,34,140.98 Cr P/E: 107.3 ROE: 15.6% ROCE: 21.3% Div Yield: 0.15%

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🔥 Also filed on 8 September 2026

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

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