CG Power & Industrial Solutions Share Price

CG Power & Indu.

CMP as on 25-Jan-21 15:58

₹ 39.75
0.05 0.13%

Open

₹ 40.00

Turnover (lac)

₹ 1,515

Prev. Close

₹ 39.70

Day's Vol (shares)

₹ 38,10,099

Day's Range (₹)

₹ 37.75
₹ 41.45

CMP as on25-Jan-21 15:46

₹ 39.75
0.05 0.13%

Open

₹ 39.95

Turnover (lac)

₹ 5

Prev. Close

₹ 39.70

Day's Vol (shares)

₹ 4,95,069

Day's Range

₹ 37.75
₹ 41.00

Corporate Action

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Purpose AGM Date Announcement Date Book Closure Start Date Book Closure End Date
Board Meeting - 26-Nov-2020 - -
The Board of Directors of the Company, at its Meeting held on 26.11.2020 have allotted the following securities to Tube Investments of India Limited on preferential allotment basis: (i)64,25,23,365 equity shares of the Company of face value of Rs. 2 each (Equity Shares) at a price of Rs. 8.56/- (including premium) per Equity Share aggregating to Rs. 550,00,00,004/-; and (ii)17,52,33,645 warrants (Warrants), each carrying a right exercisable by the Warrant holder to subscribe to one Equity Share per Warrant within 18 months from allotment. Aggregate consideration for subscribing to equity shares upon exercise of the warrants is Rs.150,00,00,001/- of which INR 37,50,00,000.25 constituting 25% of the aggregate consideration will be paid on warrant subscription by the Prospective Investor. Post the allotment of securities to TII as stated above, TII has acquired a controlling interest in the Company and holds 50.62% of the paid up equity share capital of the Company. We wish to inform you that pursuant to the terms of the Securities Subscription Agreement dated 7/8/2020 executed between the Company and Tube Investments of India Limited, based on the recommendation made by the Nomination & Remuneration Committee, the Board of Directors of the Company has, at its Board meeting held on November 26, 2020, approved the appointment of following persons whose candidature had been nominated by the Investor as attached in the disclosure. The above appointments are subject to the approval of the Members. A brief profile of the above mentioned Directors is enclosed herewith. Further, in terms of the SSA, all the existing Directors of the Company i.e. Mr. Ashish Guha, Mr. Sudhir Mathur, Mrs. Ramni Nirula, Mr. Jitender Balakrishnan, Mr. Narayan K Seshadri, Mr. Pradeep Mathur, Dr. Aditi Raja and Dr. Rathin Roy have tendered their letters of resignationwhich will be effective from close of business hours on the Closing Date i.e. November 26, 2020. (As Per BSE Announcement dated on 26.11.2020)
Board Meeting - 22-Oct-2020 - -
CG Power And Industrial Solutions Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 28/10/2020 ,inter alia, to consider and approve Pursuant to Regulation 29 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform you that, a Meeting of the Board of Directors of the Company is scheduled to be held on Wednesday, October 28, 2020, inter-alia, to consider and approve the Unaudited Financial Results, on Standalone as well as Consolidated basis, of the Company for the 2nd quarter and half year ended September 30, 2020. Further, pursuant to SEBI (Prohibition of Insider Trading) Regulations, 2015 and Companys Internal Code on Insider Trading, the trading window for dealing in securities of the Company is already closed from September 30, 2020 and shall continue to close up to 48 hours after declaration of financial results of the Company for the 2nd quarter and half year ended September 30, 2020. In furtherance to our captioned letter, we wish to inform you that the Board of Directors of the Company, at their meeting held on October 28, 2020, have inter-alia considered and approved the Unaudited Financial Results, Segment-Wise Financial Report and Statement of Assets and Liabilities of the Company, both on standalone as well as consolidated basis, for the 2nd quarter and half year ended September 30, 2020 (Financial Results) as recommended by the Audit Committee of the Company. A copy of the Financial Results along with the Limited Review Report signed by Statutory Auditors, M/s. S R B C & CO LLP, Chartered Accountants, on the Financial Results is enclosed herewith for your information and records. The meeting of the Board of Directors commenced at 04:30 p.m. (IST) and concluded at 08:44 p.m. (IST). (As Per BSE Announcement dated on 28.10.2020)
Board Meeting - 16-Sep-2020 - -
In furtherance to our captioned letter intimating the stock exchange about the exemptions granted to the Company by the Securities and Exchange Board of India (SEBI) from the strict enforcement of certain provisions of Regulation 31A of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (LODR Regulations) for the proposed re-classification of Promoters and Promoter Group to Public, we wish to inform you that the Board of Directors of the Company, at its meeting held today i.e. on September 16, 2020, have approved making an application to the stock exchanges for proposed re-classification of existing Promoters and Promoter group of the Company i.e. Avantha Holdings Limited, Avantha Realty Limited and Varun Prakashan Private Limited to Public category and will be seeking approval of the shareholders of the Company for the proposed reclassification at the ensuing Annual General Meeting of the Company.
Board Meeting - 31-Aug-2020 - -
CG Power And Industrial Solutions Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 07/09/2020 ,inter alia, to consider and approve Pursuant to Regulation 29 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform you that, a Meeting of the Board of Directors of the Company is scheduled to be held on Monday, September 7, 2020, inter-alia, to consider and approve the Unaudited Financial Results, on Standalone as well as Consolidated basis, of the Company for the 1st quarter ended June 30, 2020. Further, pursuant to SEBI (Prohibition of Insider Trading) Regulations, 2015 and Companys Internal Code on Insider Trading, the trading window for dealing in securities of the Company is already closed from June 30, 2020 and shall continue to close up to 48 hours after declaration of financial results of the Company for the 1st quarter ended June 30, 2020. In furtherance to our captioned letter, we wish to inform you that the Board of Directors of the Company, at their meeting held on September 7, 2020, have inter-alia considered and approved the Unaudited Financial Results and Segment-Wise Financial Report of the Company, both on standalone as well as consolidated basis, for the 1st quarter ended June 30, 2020 (Financial Results) as recommended by the Audit Committee of the Company. A copy of the Financial Results along with the Limited Review Report signed by Statutory Auditors, M/s. S R B C & CO LLP, Chartered Accountants, on the Financial Results is enclosed herewith for your information and records. The meeting of the Board of Directors commenced at 08:00 p.m. on September 7, 2020 (IST) and concluded at 3:20 a.m. (IST) on September 8, 2020. (As Per BSE Announcement Dated 07.09.2020)
Board Meeting - 30-Aug-2020 - -
CG Power And Industrial Solutions Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 02/09/2020 ,inter alia, to consider and approve Pursuant to Regulation 29 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform you that, a Meeting of the Board of Directors of the Company is scheduled to be held on Wednesday, September 2, 2020, to consider amongst other businesses, further fund raising through issue of securities on a preferential basis upto INR 100 Crores in accordance with applicable laws. We would appreciate if you could take the same on record and acknowledge receipt thereof.
Board Meeting - 04-Aug-2020 - -
CG Power And Industrial Solutions Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 07/08/2020 ,inter alia, to consider and approve Pursuant to Regulation 29 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform you that, a Meeting of the Board of Directors of the Company is scheduled to be held on Friday, August 7, 2020, to consider amongst other businesses, fund raising through issue of securities on preferential basis in accordance with applicable laws. We would appreciate if you could take the same on record and acknowledge receipt thereof. Please find enclosed the outcome of the meeting of the Board of Directors. In continuation to our captioned letter informing the outcome of meeting of the Board of Directors of the Company held today, i.e. August 7, 2020, we wish to further inform you that an Extra-ordinary General Meeting (EGM) of the Members of the Company is scheduled to be held on Wednesday, September 2, 2020, at 2.00 p.m. (1ST) through Video Conference (VC) / Other Audio Visual Means (OAVM) for seeking approval of shareholders for the matter mentioned in the Notice of the EGM. The deemed venue of the Meeting shall be the Registered Office of the Company i.e. 6th Floor, CG House, Dr. Annie Besant Road, Worli, Mumbai - 400 030. Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, notice convening the EGM of the Company is enclosed herewith and also available on the website of the Company www.cgglobal.com. Request you to kindly take the same on record. (As per BSE Announcement Dated on 7/8/2020) Please find enclosed the outcome of Meeting of the Board of Directors held on September 2, 2020. (AS Per BSE Announcement Dated on 02.09.2020)
Board Meeting - 20-Jun-2020 - -
CG Power And Industrial Solutions Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 27/06/2020 ,inter alia, to consider and approve Pursuant to Regulation 29 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform you that, a Meeting of the Board of Directors of the Company is scheduled to be held on Saturday, June 27, 2020, inter-alia, to consider and approve the Audited Financial Results, on Standalone as well as Consolidated basis, of the Company for the 4th quarter and financial year ended March 31, 2020. Further, pursuant to SEBI (Prohibition of Insider Trading) Regulations, 2015 and Companys Internal Code on Insider Trading, the trading window for dealing in securities of the Company is already closed from March 31, 2020 and shall continue to close up to 48 hours after declaration of financial results of the Company for the 4th quarter and financial year ended March 31, 2020. Request you to kindly take the above information on record. In furtherance to our captioned letter, we wish to inform you that the Board of Directors of the Company, at their meeting held today i.e. June 27, 2020, has inter alia approved the Audited Financial Results, Segment-Wise Financial Report and Statement of Assets and Liabilities of the Company, both on standalone as well as consolidated basis, for the 4th quarter and year ended March 31, 2020 (Financial Results) as recommended by the Audit Committee. A copy of the Financial Results is enclosed herewith for your information and records. We also enclose herewith a copy of the Auditors Report on the Financial Results for the 4th quarter and year ended March 31, 2020, signed by M/s. S R B C & CO LLP, Chartered Accountants, the Statutory Auditors of the Company and the Statement on Impact of Audit Qualifications on Standalone and Consolidated Financial Results. (As Per BSE Announcement Dated on 28/06/2020)
Board Meeting - 19-Apr-2020 - -
We wish to inform you that the Board of Directors of the Company, at its meeting held today have approved the proposal for liquidation of two of its step down subsidiaries, i.e. CG Power Solutions UK Limited, United Kingdom and CG Power & Industrial Solutions Middle East FZCO, Dubai UAE, subject to statutory and regulatory approvals. We would appreciate if you could take the same on record.
Board Meeting - 16-Mar-2020 - -
At the Board meeting held today i.e. March 16, 2020, the Board of Directors have in-principle decided to work jointly with the lenders for equity fund raising as part of the resolution plan under the framework of Reserve Bank of India Circular on Prudential Framework for Resolution of Stressed Assets dated June 7, 2019. To facilitate this process the Company has appointed Arpwood Capital Pvt. Ltd as its financial advisor.
Board Meeting - 07-Feb-2020 - -
CG Power And Industrial Solutions Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 14/02/2020 ,inter alia, to consider and approve Pursuant to Regulation 29 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform you that, a Meeting of the Board of Directors of the Company is scheduled to be held on Friday, February 14, 2020, to consider amongst other businesses, the Unaudited Financial Results, on Standalone as well as Consolidated basis, of the Company for the 3rd quarter ended December 31, 2019. Further, pursuant to SEBI (Prohibition of Insider Trading) Regulations, 2015 and Companys Internal Code on Insider Trading, the trading window for dealing in securities of the Company has been closed from April 1, 2019 and shall continue to close up to 48 hours after declaration of financial results of the Company for the 3rd quarter ended December 31, 2019. In furtherance to our captioned letter, we wish to inform you that the Board of Directors of the Company, at their meeting held today i.e. February 14, 2020, have inter-alia considered and approved the Unaudited Financial Results and Segment-Wise Financial Report of the Company, both on standalone as well as consolidated basis, for the 3rd quarter ended December 31, 2019 (Financial Results) as recommended by the Audit Committee of the Company. A copy of the Financial Results along with the Limited Review Report signed by Statutory Auditors, M/s. S R B C & CO LLP, Chartered Accountants, on the Financial Results is enclosed herewith for your information and records. The meeting of the Board of Directors commenced at 03:15 p.m. (IST) and concluded at 07:15 p.m. (IST). We would appreciate if you could take the same on record. (As Per BSE Announcement dated on 14.02.2020)
Board Meeting - 21-Jan-2020 - -
CG Power And Industrial Solutions Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 28/01/2020 ,inter alia, to consider and approve Pursuant to Regulation 29 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform you that, a Meeting of the Board of Directors of the Company is scheduled to be held on Tuesday, January 28, 2020, to consider amongst other businesses, the Unaudited Financial Results, on Standalone as well as Consolidated basis, of the Company for the 1st quarter ended June 30, 2019 and 2nd quarter and half year ended September 30, 2019. Further, pursuant to SEBI (Prohibition of Insider Trading) Regulations, 2015 and Companys Internal Code on Insider Trading, the trading window for dealing in securities of the Company has been closed from April 1, 2019 and shall continue to close up to 48 hours after declaration of financial results of the Company for the 3rd quarter ended December 31, 2019 In furtherance to our letter dated January 21, 2020, please find enclosed herewith copies of advertisement published on January 23, 2020 in Financial Express and Loksatta newspapers informing about Board Meeting of the Company to be held on Tuesday, January 28, 2020. Request you to kindly take the same on record. (As Per BSE Announcement Dated on 23/01/2020) In furtherance to our captioned letter, we wish to inform you that the Board of Directors of the Company, at their meeting held today i.e. January 28, 2020, have inter-alia considered and approved: 1. Unaudited Financial Results and Segment-Wise Financial Report of the Company, both on (i) standalone and (ii) consolidated basis, for the 1st quarter ended June 30, 2019; and 2. Unaudited Financial Results, Segment-Wise Financial Report and Statement of Assets and Liabilities of the Company, both on (i) standalone and (ii) consolidated basis, for the 2nd quarter and half year ended September 30, 2019 (Financial Results) as recommended by the Audit Committee of the Company. A copy of the Financial Results along with the Limited Review Report signed by Statutory Auditors, M/s. S R B C & CO LLP, Chartered Accountants, on the Financial Results is enclosed herewith for your information and records. (As Per BSE Announcement Dated on 29.01.2020)