CG Power has received a request from Algavista Greentech Private Limited (AGPL) to be reclassified from the ‘promoter group’ to the ‘public’ category shareholder. This follows a change in shareholding where E.I.D.-Parry (India) Limited’s stake in AGPL decreased from 50% to 0% due to a sale of stake. As of December 18, 2025, AGPL holds zero shares in CG Power.
Reclassification Request
CG Power and Industrial Solutions Limited announced on December 18, 2025, that it has received a formal request from Algavista Greentech Private Limited (AGPL) for reclassification. AGPL is seeking to move from the ‘promoter group’ category to the ‘public’ category of shareholders.
Details of the Request
The request is connected to a change in AGPL’s shareholding structure. E.I.D.-Parry (India) Limited (“EID”) has reduced its stake in AGPL from 50% to 0%. This divestment has led AGPL to seek a reclassification as they no longer meet the definition of a ‘promoter group’ as defined by regulations.
Current Shareholding
As of the date of the reclassification request, December 18, 2025, Algavista Greentech Private Limited holds 0 equity shares of CG Power. This represents 0.00% shareholding.
Next Steps
The reclassification request will be presented to the Board of Directors for review and approval. Following the Board’s approval, the company will then submit an application seeking a no-objection certificate from the National Stock Exchange of India Limited and BSE Limited.
Source: BSE
