CG Power and Industrial Solutions has approved an interim dividend of ₹1.30 per equity share, representing 65% of the face value. The company also re-appointed Mr. Sriram Sivaram as a Non-Executive Independent Director for a second term. The Board approved the re-classification of a member of the Promoter Group to Public category. The record date for the dividend is February 1, 2026.
Interim Dividend Declared
The Board of Directors has approved the payment of an interim dividend of ₹1.30 per equity share (65% on face value). The record date to determine eligible members for this dividend is set for February 1, 2026. The interim dividend will be paid within 30 days of declaration.
Re-appointment of Independent Director
Mr. Sriram Sivaram has been re-appointed as a Non-Executive Independent Director for a second term of 5 years, effective from June 11, 2026, until June 10, 2031, subject to member approval. His re-appointment follows the recommendation of the Nomination and Remuneration Committee. He fulfills the criteria of Independence as per the Companies Act, 2013 and SEBI regulations.
Re-classification of Promoter Group Member
The Board has approved the re-classification of M/s. Algavista Greentech Private Limited from the Promoter Group to the Public category, contingent on receiving a no-objection letter from stock exchanges. This decision follows a request received on December 18, 2025. The outgoing promoters have confirmed compliance with relevant regulations.
Financial Performance Highlights (Q3 2026)
The Board reviewed and approved the unaudited financial results for Q3 2026. Key figures from the standalone results include:
- Revenue from Operations: ₹2,909.44 crores
- Total Income: ₹2,981.68 crores
- Profit Before Exceptional Items and Tax: ₹454.14 crores
- Profit After Tax: ₹311.65 crores
The consolidated results include:
- Revenue from Operations: ₹3,175.35 crores
- Total Income: ₹3,251.76 crores
- Profit Before Share of Profit of Associate, Exceptional items and Tax: ₹419.54 crores
- Profit After Tax: ₹283.91 crores
Source: BSE
