39.25 -0.35 (-0.88%)

New 52W High today

6.6M Volume

NSENov 26, 2020 03:31 PM



CG Power and Industrial Solutions Ltd.    
26 Nov 2020, 03:29PM
39.25
-0.88%
CG Power and Industrial Solutions Ltd - 500093 - Announcement under Regulation 30 (LODR)-Change in Directorate
BSE India
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.
CG Power and Industrial Solutions Ltd.    
26 Nov 2020, 02:55PM
39.25
-0.88%
CG Power and Industrial Solutions Ltd - 500093 - Announcement under Regulation 30 (LODR)-Allotment
BSE India
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.
CG Power and Industrial Solutions Ltd.    
25 Nov 2020, 10:59PM
39.25
-0.88%
CG Power and Industrial Solutions Ltd - 500093 - Compliances-Reg. 39 (3) - Details of Loss ...
BSE India
Pursuant to Regulation 39(3) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Company has received information through its Registrar and Share Transfer Agent regarding loss of share certificate and request for issue of duplicate share certificate the details of which are mentioned in the enclosed letter. The Company will process such request on completion of required formalities and advice the shareholder accordingly.
39.25
-0.88%
39.25
-0.88%
CG Power and Industrial Solutions Ltd - 500093 - Disclosure Under Regulation 30 And 31A(8)(D) Of ...
BSE India
In furtherance to our above letters, we wish to inform you that the Company has received the approval of BSE Limited and National Stock Exchange of India Limited on November 19, 2020 for re-classification of following entities forming part of promoter/ promoter group to public category as per the provisions of Regulation 31A of SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015. 1. Varun Prakashan Private Limited 2. Avantha Realty Limited 3. Avantha Holdings Limited Copy of approvals received from the Stock Exchanges are enclosed herewith.
default
39.25
-0.88%
CG Power and Industrial Solutions Ltd - 500093 - Disclosure Under SEBI (Prohibition Of Insider Trading) ...
BSE India
Pursuant to Regulation 3 of the Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015 (as amended), please find enclosed, an executive summary of certain information about the Company shared with Tube Investments of India Limited in connection with the potential investment in the Company. The executive summary has also been made available on the Company's website i.e. www.cgglobal.com, to make such information generally available.
39.25
-0.88%
CG Power and Industrial Solutions Ltd - 500093 - Compliances-Reg. 39 (3) - Details of Loss ...
BSE India
Pursuant to Regulation 39(3) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Company has received information through its Registrar and Share Transfer Agent regarding loss of share certificate and request for issue of duplicate share certificate. The details are mentioned in the enclosed letter. The Company will process such request on completion of required formalities and advice the shareholder accordingly.
39.25
-0.88%
39.25
-0.88%
CG Power and Industrial Solutions Ltd - 500093 - Disclosure Under Regulation 31A(8)(C) Of SEBI (Listing ...
BSE India
In furtherance to our captioned letter, we wish to inform you that in terms of regulation 31A of SEBI (Listing obligations and Disclosure Requirements) Regulations, 2015 and in accordance with the relaxations granted by SEBI vide its Exemption Letter dated September 4, 2020 and pursuant to receipt of approval of the shareholders of the Company at its Annual General Meeting held on October 19, 2020, the Company has submitted the application seeking approval of the Stock Exchanges for re-classification of the existing 'Promoters and Promoter group' of the Company to ''Public'' category. Approval of the stock exchange once received will be intimated.
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39.25
-0.88%
CG Power and Industrial Solutions Ltd - 500093 - Closure of Trading Window
BSE India
We wish to inform you that pursuant to SEBI (Prohibition of Insider Trading) Regulations, 2015 as amended upto date and in accordance with the Company''s Code on Insider Trading, the Trading Window for dealing in the securities of the Company continues to remain closed till our further communication pursuant to ongoing transaction for issue and allotment of securities on preferential basis to Tube Investments of India Limited.