CG Power and Industrial Solutions has received a request from Coromandel Engineering Company Limited (CECL) to be re-classified from the ‘promoter group’ to the ‘public’ category. This request follows the sale of CECL’s entire shareholding in Coromandel Engineering Company Limited. As of September 26, 2025, CECL holds 0 equity shares in CG Power. The re-classification request will be presented to the Board of Directors.
Re-classification Request
CG Power and Industrial Solutions received a letter dated September 26, 2025, from Coromandel Engineering Company Limited (CECL), requesting re-classification from the ‘promoter group’ category to the ‘public’ category of shareholders.
Background of the Request
The request is connected to a Share Purchase Agreement (SPA) executed on September 29, 2023. Under this agreement, the Promoters/Promoter Group sellers of Coromandel Engineering Company Limited divested their entire shareholding. A change in control occurred on December 29, 2023.
Details of Shareholding
As of the date of the request, September 26, 2025, Coromandel Engineering Company Limited holds 0 shares in CG Power.
Category: Promoter Group
Number of Equity Shares Held: 0
Percentage of Shareholding: 0.00%
Next Steps
The request will be presented to the Board of Directors for approval. Upon approval, CG Power will submit an application for no-objection from the National Stock Exchange of India Limited and BSE Limited.
Source: BSE
