CG Power and Industrial Solutions Limited Receives Approval for Promoter Reclassification
CG Power and Industrial Solutions Limited announced that the National Stock Exchange of India Limited (NSE) and the BSE Limited (BSE) have approved the reclassification of Algavista Greentech Private Limited from the ‘Promoter and Promoter Group Category’ to the ‘Public Category’. The approvals were granted on March 18, 2026, following applications submitted on January 30, 2026, and subsequent correspondence in December and January.According to notifications received by the company, the exchanges have granted the no-objection letter in accordance with Regulation 31A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
The details of the reclassified promoter group are as follows:
| Sr. No. | Name of Promoter Group |
|---|---|
| 1 | Algavista Greentech Private Limited |
CG Power and Industrial Solutions Limited is required to ensure compliance with subsequent relevant disclosures of material events related to this reclassification, as per applicable regulations.
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