CG Power and Industrial Solutions logo

CG Power and Industrial Solutions CEO, MD, chairman, board of directors and AGM

NSE: CGPOWERBSE: 500093Electrical EquipmentLarge Cap

Formerly Crompton Greaves
Last close ₹813.35down ₹3.75 (0.46%)BSE ₹814.95

Share price at the NSE close on 23 Oct 2026. Previous close ₹817.10.

52-week range of traded prices to 23 Oct 2026
₹525.50Low, 27 Jan 2026₹980.90High, 2 Jul 2026
Market cap
₹1,28,141 Cr88th largest listed
P/E
102.7
P/B
16.1
Dividend yield
0.16%
ROE
21.1%
ROCE
17.5%
Debt to equity
0.00
Volume, NSE
92,69,80237.1% delivered

CG Power and Industrial Solutions board of directors

At the end of the quarter to Sep 2026, as the company filed it; changes since are in its announcements.Their trades in its shares

  • ChairpersonVellayan SubbiahRelated to the promoter
  • Managing director and CEOAmar Kaul
  • Company Secretary and Compliance OfficerSanjay Kumar Chowdhary

7 directors4 independent1 executive2 non-executive

  • Vellayan Subbiah · ChairpersonNon-executive · joined Nov 2020 · 5 listed boards · 2 committee seats, 1 as chair
  • Amar Kaul · Managing director and CEOExecutive · joined Jul 2024 · 1 listed board · 1 committee seat
  • Murugappan Arunachalam Murugappan ArunNon-executive · joined Nov 2020 · 4 listed boards · 4 committee seats, 2 as chair
  • Palamadai Sundararajan JayakumarIndependent · joined Nov 2020 · reappointed Nov 2025 · 70 months as independent · 6 listed boards · 6 as independent · 6 committee seats, 2 as chair
  • Sriram SivaramIndependent · joined Jun 2021 · reappointed Jun 2021 · 63 months as independent · 1 listed board · 1 as independent · 1 committee seat
  • Vijayalakshmi Rajaram IyerIndependent · joined Sep 2022 · reappointed Sep 2025 · 48 months as independent · 4 listed boards · 4 as independent · 7 committee seats, 1 as chair
  • Mammen ChallyIndependent · joined Jan 2025 · reappointed Jan 2025 · 20 months as independent · 1 listed board · 1 as independent

An independent director has no business or family tie to the company, its promoters or its managers beyond the seat. Listed boards counts the boards of listed companies the director sits on, this one included, and "as independent" how many of those seats are independent ones. Committee seats are audit and stakeholder committee seats across those companies. Months as independent is filed for independent directors only, whose terms the rules cap. Disqualified is the company's own mark that a director may not serve under company law.

Committees and meetings

Who sits on each, and how often they met.Board meeting notices and outcomes

  • Board

    • 19 Aug 20266 of 7 present3 independent · 25 days in between
    • 24 Jul 20265 of 7 present2 independent · 78 days in between
    • 6 May 20267 of 7 present4 independent · 27 days in between
    • 8 Apr 20267 of 7 present4 independent

  • Audit Committee

    Chair Palamadai Sundararajan Jayakumar

    Vellayan Subbiah, Vijayalakshmi Rajaram Iyer, Sriram Sivaram

    • 24 Jul 20263 of 3 present2 independent · 78 days in between
    • 6 May 20263 of 3 present2 independent

  • Nomination and remuneration committee

    Chair Palamadai Sundararajan Jayakumar

    Vellayan Subbiah, Vijayalakshmi Rajaram Iyer, Mammen Chally

    • 24 Jul 20262 of 4 present1 independent · 78 days in between
    • 6 May 20264 of 4 present3 independent

  • Stakeholders Relationship Committee

    Chair Murugappan Arunachalam Murugappan Arun

    Sriram Sivaram, Amar Kaul

    No meeting listed in the filing.

  • Risk Management Committee

    Chair Sriram Sivaram

    Murugappan Arunachalam Murugappan Arun, Amar Kaul

    No meeting listed in the filing.

  • Corporate Social Responsibility Committee

    Chair Murugappan Arunachalam Murugappan Arun

    Vijayalakshmi Rajaram Iyer, Amar Kaul

    • 6 May 20263 of 3 present1 independent

Meetings in the quarter filed and the one before it. The days in between are as the company files them, neither meeting's day counted; the rules allow at most 120. A quorum is the least number of members who must attend for the meeting to decide anything.

Statutory auditor

Named in the results for the quarter to Mar 2026.

  • S R B C & CO LLPPeer-review certificate valid to Mar 2028
1 earlier auditor
  • M/s. S R B C & CO LLPNamed in filings from Sep 2024 to Mar 2025

A statutory auditor checks the company's accounts and signs its results. Peer review is the accountants' institute's check of an audit firm's own work, which a listed company's auditor must hold a valid certificate of.

CG Power and Industrial Solutions AGM and shareholder votes

Each resolution, how the votes went, and how institutions voted apart from the promoters. A postal ballot is a vote by post or online, held without a meeting.CG Power and Industrial Solutions dividend history

Postal ballot, 25 Sep 2026

5,67,728 shareholders on the register on 21 Aug 2026; votes counted by Mr. Prashant S. Mehta / M/s. P Mehta & Associates.The company's voting result (opens in a new tab)

  1. Appointment of M/s. Price Waterhouse Chartered Accountants LLP (Firm Registration No. 012754N/N500016) as Statutory Auditors to fill the casual vacancy caused by the resignation of M/s. SRBC & CO LLP, Chartered AccountantsMoreLess
    Ordinary
    99.19% for0.81% against

    Against: promoters 0.00% · institutions 2.50% · other public 0.93%

    Turnout: all 83.20% · promoters 99.98% · institutions 89.29% · other public 0.69%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 24 Jul 2026, 5 resolutions

5,72,527 shareholders on the register on 17 Jul 2026; present: 9 promoters and 74 others; votes counted by Mr. Prashant S. Mehta / M/s. P Mehta & Associates.The company's voting result (opens in a new tab)

  1. Adoption of Standalone Financial Statements for the Financial Year ended 31 March 2026
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.16%

    Turnout: all 83.41% · promoters 99.99% · institutions 89.72% · other public 0.56%

  2. Adoption of Consolidated Financial Statements for the Financial Year ended 31 March 2026
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.16%

    Turnout: all 83.41% · promoters 99.99% · institutions 89.72% · other public 0.56%

  3. Confirmation of Interim Dividend
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.18%

    Turnout: all 83.42% · promoters 99.99% · institutions 89.77% · other public 0.56%

  4. Re-appointment of Mr. Vellayan Subbiah (holding DIN: 01138759), who retires by rotation and being eligible, offers himself for re-appointment
    Ordinary
    97.19% for2.81% against

    Against: promoters 0.00% · institutions 8.70% · other public 0.55%

    Turnout: all 83.42% · promoters 99.99% · institutions 89.76% · other public 0.56%

  5. Ratification of remuneration payable to Cost Auditor
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.50%

    Turnout: all 83.42% · promoters 99.99% · institutions 89.76% · other public 0.56%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Postal ballot, 5 Mar 2026, 1 resolution

5,64,049 shareholders on the register on 1 Feb 2026; votes counted by Mr. Prashant S. Mehta / M/s. P Mehta & Associates.The company's voting result (opens in a new tab)

  1. Re-appointment of Mr. Sriram Sivaram (DIN: 01070444) as a Non-Executive Independent Director of the Company
    Special
    98.60% for1.40% against

    Against: promoters 0.00% · institutions 4.60% · other public 3.00%

    Turnout: all 81.05% · promoters 99.97% · institutions 83.25% · other public 0.43%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 24 Jul 2025, 9 resolutions

5,06,680 shareholders on the register on 17 Jul 2025; present: 9 promoters and 71 others; votes counted by Mr. Prashant S. Mehta / M/s. P Mehta & Associates.The company's voting result (opens in a new tab)

  1. Adoption of Standalone Financial Statements for the Financial Year ended 31 March 2025
    Ordinary
    99.96% for0.04% against

    Against: promoters 0.00% · institutions 0.12% · other public 0.27%

    Turnout: all 81.15% · promoters 99.99% · institutions 85.27% · other public 0.23%

  2. Adoption of Consolidated Financial Statements for the Financial Year ended 31 March 2025
    Ordinary
    99.96% for0.04% against

    Against: promoters 0.00% · institutions 0.12% · other public 0.27%

    Turnout: all 81.15% · promoters 99.99% · institutions 85.27% · other public 0.22%

  3. Confirmation on Interim Dividend declared for the FY 2024-25
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.34%

    Turnout: all 81.17% · promoters 99.99% · institutions 85.33% · other public 0.22%

  4. Re-appointment of Director retiring by rotation
    Ordinary
    96.51% for3.49% against

    Against: promoters 0.00% · institutions 11.45% · other public 0.55%

    Turnout: all 81.12% · promoters 99.99% · institutions 85.18% · other public 0.22%

  5. Re-appointment of Mrs. Vijayalakshmi Rajaram Iyer (DIN: 05242960) as Non-Executive Independent Director of the Company.
    Special
    96.24% for3.76% against

    Against: promoters 0.00% · institutions 12.33% · other public 1.33%

    Turnout: all 81.16% · promoters 99.99% · institutions 85.31% · other public 0.22%

  6. Re-appointment of Mr. P S Jayakumar (DIN: 01173236) as Non-Executive Independent Director of the Company.
    Special
    88.81% for11.19% against

    Against: promoters 0.00% · institutions 36.69% · other public 0.53%

    Turnout: all 81.16% · promoters 99.99% · institutions 85.30% · other public 0.22%

  7. Payment of Commission to Mr. M A M Arunachalam (DIN: 00202958), Non-Executive Director of the Company.
    SpecialPromoters have an interest in it
    97.16% for2.84% against

    Against: promoters 0.00% · institutions 9.31% · other public 2.34%

    Turnout: all 81.16% · promoters 99.99% · institutions 85.31% · other public 0.22%

  8. Appointment of Secretarial Auditors of the Company.
    Ordinary
    99.96% for0.04% against

    Against: promoters 0.00% · institutions 0.13% · other public 0.29%

    Turnout: all 81.16% · promoters 99.99% · institutions 85.30% · other public 0.22%

  9. Ratification of remuneration payable to Cost Auditor.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.58%

    Turnout: all 81.15% · promoters 99.99% · institutions 85.29% · other public 0.22%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Postal ballot, 15 Mar 2025, 1 resolution

4,92,186 shareholders on the register on 7 Feb 2025; votes counted by Mr. Prashant S. Mehta / M/s. P Mehta & Associates.The company's voting result (opens in a new tab)

  1. Approval for appointment of Mr. Mammen Chally (DIN: 10908528) as a Non-Executive Independent Director of the Company.
    Special
    99.95% for0.05% against

    Against: promoters 0.00% · institutions 0.18% · other public 1.21%

    Turnout: all 79.34% · promoters 99.96% · institutions 80.63% · other public 0.47%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Postal ballot, 18 Dec 2024, 1 resolution

The company's voting result (opens in a new tab)

  1. To raise capital by way of a qualified institutions placement to eligible investors through issuance of equity shares and/or other eligible securities.
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.55%

    Turnout: all 79.02% · promoters 99.97% · institutions 80.15% · other public 0.84%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Postal ballot, 29 Aug 2024, 1 resolution

The company's voting result (opens in a new tab)

  1. Appointment of Mr. Amar Kaul (DIN: 07574081) as Managing Director & CEO of the Company for a term of five years with effect from 25th July 2024 and the terms of remuneration thereof.
    OrdinaryPromoters have an interest in it
    92.56% for7.44% against

    Against: promoters 0.00% · institutions 28.71% · other public 0.36%

    Turnout: all 78.75% · promoters 99.99% · institutions 79.43% · other public 1.74%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 24 Jul 2024, 5 resolutions

Present: 6 promoters and 69 others.The company's voting result (opens in a new tab)

  1. Adoption of Standalone Financial Statements for the Financial Year ended 31 March 2024
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.59%

    Turnout: all 78.15% · promoters 99.97% · institutions 78.06% · other public 0.45%

  2. Adoption of Consolidated Financial Statements for the Financial Year ended 31 March 2024
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.59%

    Turnout: all 78.15% · promoters 99.97% · institutions 78.06% · other public 0.45%

  3. Confirmation of Interim Dividend
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.68%

    Turnout: all 78.16% · promoters 99.97% · institutions 78.11% · other public 0.45%

  4. Re-appointment of Director retiring by rotation
    Ordinary
    98.40% for1.60% against

    Against: promoters 0.00% · institutions 6.23% · other public 0.90%

    Turnout: all 78.16% · promoters 99.97% · institutions 78.11% · other public 0.45%

  5. Ratification of remuneration payable to Cost Auditor
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.66%

    Turnout: all 78.15% · promoters 99.97% · institutions 78.09% · other public 0.45%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

How mutual funds voted

Fund houses must disclose how they vote at every meeting of a company they hold.Funds that hold it

Mutual fund votes, meeting of 25 Sep 2026, 15 fund houses so far (houses' deadline to file 15 Oct 2026)

  • Appointment of M/s. Price Waterhouse Chartered Accountants LLP (Firm Registration No. 012754N/N500016) as Statutory Auditors to fill the casual vacancy caused by the resignation of M/s. SRBC & CO LLP, Chartered AccountantsMoreLess
    Against Angel One Mutual Fund, Edelweiss Mutual Fund, Navi Mutual Fund, Old Bridge Mutual Fund, PGIM India Mutual Fund
    • Angel One Mutual FundGovernance Concern: The proposed appointment follows a prolonged association of the PwC network with the Company in an internal audit capacity. Such continuity may give rise to self-review and independence concerns and, therefore, does not appear to be consistent with good governance practices.
    • Edelweiss Mutual Fund, Navi Mutual Fund, Old Bridge Mutual Fund, PGIM India Mutual FundCompliant with the law. Governance Concern: The proposed appointment follows a prolonged association of the PwC network with the Company in an internal audit capacity. Such continuity may give rise to self-review and independence concerns and, therefore, does not appear to be consistent with good governance practices.
    10 for5 against

Mutual fund votes, meeting of 24 Jul 2026, 15 fund houses so far (houses' deadline to file 15 Oct 2026)

  • Adoption of Standalone Financial Statements for the Financial Year ended 31 March 2026
    15 for0 against
  • Adoption of Consolidated Financial Statements for the Financial Year ended 31 March 2026
    15 for0 against
  • Confirmation of Interim Dividend
    15 for0 against
  • Re-appointment of Mr. Vellayan Subbiah (holding DIN: 01138759), who retires by rotation and being eligible, offers himself for re-appointment
    15 for0 against
  • Ratification of remuneration payable to Cost Auditor
    15 for0 against
6 earlier meetings

Mutual fund votes, meeting of 5 Mar 2026, 36 fund houses

  • Re-appointment of Mr. Sriram Sivaram (DIN: 01070444) as a Non-Executive Independent Director of the Company
    36 for0 against

Mutual fund votes, meeting of 24 Jul 2025, 33 fund houses

Each resolution counts the houses whose vote was matched to it; the rest are listed last.

  • Adoption of Standalone Financial Statements for the Financial Year ended 31 March 2025
    33 for0 against
  • Adoption of Consolidated Financial Statements for the Financial Year ended 31 March 2025
    33 for0 against
  • Confirmation on Interim Dividend declared for the FY 2024-25
    33 for0 against
  • Re-appointment of Director retiring by rotation
    Against Angel One Mutual Fund, Bank of India Mutual Fund, Baroda BNP Paribas Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual Fund, quant Mutual Fund, Zerodha Mutual Fund
    • Angel One Mutual FundGovernance Concern: Excessive Remuneration.
    • Bank of India Mutual Fund, Baroda BNP Paribas Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual Fund, Zerodha Mutual FundCompliant with law. Governance Concern: Excessive Remuneration.
    • quant Mutual FundRelated to the re-appointment of and payment of commission to Mr M A M Arunachalam, Non-Executive Director. Compliant with the law. Governance concern: excessive remuneration.
    22 for9 against
  • Re-appointment of Mrs. Vijayalakshmi Rajaram Iyer (DIN: 05242960) as Non-Executive Independent Director of the Company.
    Against Angel One Mutual Fund, Bank of India Mutual Fund, Baroda BNP Paribas Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual Fund, PGIM India Mutual Fund, quant Mutual Fund, Zerodha Mutual Fund
    • Angel One Mutual FundTransparency Concern: No clarity on Independent Director’s directorship capacity in group entity; Governance Concern: Proposed appointee is Nomination & Remuneration Committee Member and the Remuneration policy of the Company appears to be unfair (excessive) in the favour of Promoter Non-Executive Directors.
    • Bank of India Mutual Fund, Baroda BNP Paribas Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual Fund, Zerodha Mutual FundCompliant with law. Transparency Concern: No clarity on ID’s directorship capacity in group entity; Governance Concern: Proposed appointee is NRC Member and the Remuneration policy of the Company appears to be unfair (excessive) in the favour of Promoter NED
    • PGIM India Mutual FundCompliant with law. Transparency Concern: No clarity on ID s directorship capacity in group entity; Governance Concern: Proposed appointee is NRC Member and the Remuneration policy of the Company appears to be unfair (excessive) in the favour of Promoter NED
    • quant Mutual FundRelated to the re-appointment of Mrs Vijayalakshmi Rajaram Iyer as Non-Executive Independent Director. Compliant with the law. Transparency Concern: No clarity on ID’s directorship capacity in group entity; Governance Concern: Proposed appointee is NRC Member and the Remuneration policy of the Company appears to be unfair (excessive) in the favour of Promoter NED.
    23 for10 against
  • Re-appointment of Mr. P S Jayakumar (DIN: 01173236) as Non-Executive Independent Director of the Company.
    Against Angel One Mutual Fund, Bank of India Mutual Fund, Baroda BNP Paribas Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, HSBC Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual Fund, PGIM India Mutual Fund, quant Mutual Fund, Zerodha Mutual Fund
    • Angel One Mutual FundGovernance Concern: Combined position as the Audit Committee & Nomination & Remuneration Committee Chairperson. Holding such position as Chairman of both the key committees may not be in the best interest of Corporate governance since it might lead to concentration of power in the hands of a single individual, as the Audit and Nomination & Remuneration Committee are pillars of the Company ensuring corporate democracy, Proposed appointee is Nomination & Remuneration Committee Chairperson and the Remuneration policy of the Company appears to be unfair (excessive) in the favour of Promoter Non-Executive Directors.
    • Bank of India Mutual Fund, Baroda BNP Paribas Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual Fund, PGIM India Mutual Fund, Zerodha Mutual FundCompliant with law. Governance Concern: Combined position as the AC & NRC Chairperson. Holding such position as Chairman of both the key committees may not be in the best interest of Corporate governance since it might lead to concentration of power in the hands of a single individual, as the Audit and NRC are pillars of the Company ensuring corporate democracy, Proposed appointee is NRC Chairperson and the Remuneration policy of the Company appears to be unfair (excessive) in the favour of Promoter NED.
    • HSBC Mutual FundA vote AGAINST the following nominee is warranted because:_x000D_ _x000D_ Palamadai Sundararajan Jayakumar serves on a total of more than six public company boards, which could potentially compromise his ability to commit sufficient time to his role in the company.
    • quant Mutual FundRelated to the re-appointment of Mr P S Jayakumar as Non-Executive Independent Director. Compliant with the law. Governance concern: Combined position as the AC & NRC Chairperson. Holding such position as Chairman of both the key committees is not good corporate governance. Proposed appointee is NRC Chairperson and the Remuneration policy of the Company appears to be unfair (Excessively) in the favour of Promoter NED.
    22 for11 against
  • Payment of Commission to Mr. M A M Arunachalam (DIN: 00202958), Non-Executive Director of the Company.
    Against Angel One Mutual Fund, Bank of India Mutual Fund, Baroda BNP Paribas Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual Fund, quant Mutual Fund, Zerodha Mutual Fund
    • Angel One Mutual FundGovernance Concern: Excessive Remuneration.
    • Bank of India Mutual Fund, Baroda BNP Paribas Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual Fund, Zerodha Mutual FundCompliant with law. Governance Concern: Excessive Remuneration.
    • quant Mutual FundRelated to the re-appointment of and payment of commission to Mr M A M Arunachalam, Non-Executive Director. Compliant with the law. Governance concern: excessive remuneration.
    24 for9 against
  • Appointment of Secretarial Auditors of the Company.
    33 for0 against
  • Ratification of remuneration payable to Cost Auditor.
    33 for0 against
1 proposal not matched to one resolution
  • Reelect M A M Arunachalam as Director
    2 for0 against

Mutual fund votes, meeting of 15 Mar 2025, 26 fund houses

  • Approval for appointment of Mr. Mammen Chally (DIN: 10908528) as a Non-Executive Independent Director of the Company.
    26 for0 against

Mutual fund votes, meeting of 18 Dec 2024, 27 fund houses

  • To raise capital by way of a qualified institutions placement to eligible investors through issuance of equity shares and/or other eligible securities.
    27 for0 against

Mutual fund votes, meeting of 29 Aug 2024, 27 fund houses

  • Appointment of Mr. Amar Kaul (DIN: 07574081) as Managing Director & CEO of the Company for a term of five years with effect from 25th July 2024 and the terms of remuneration thereof.
    Against HSBC Mutual Fund
    • HSBC Mutual FundThe company has not disclosed the quantum/value of stock options that the executive is entitled to receive during his tenure. This might lead to discretionary payouts. The performance metrics, targets and thresholds for determining high performance incentive have not been disclosed. His total pay, excluding the ESOP element is aggressively positioned when compared to peers and do not commensurate with the size and scale of operations of the company.
    26 for1 against

Mutual fund votes, meeting of 24 Jul 2024, 27 fund houses

Each resolution counts the houses whose vote was matched to it; the rest are listed last.

  • Adoption of Standalone Financial Statements for the Financial Year ended 31 March 2024
    27 for0 against
  • Adoption of Consolidated Financial Statements for the Financial Year ended 31 March 2024
    27 for0 against
  • Confirmation of Interim Dividend
    27 for0 against
  • Re-appointment of Director retiring by rotation
    25 for0 against
  • Ratification of remuneration payable to Cost Auditor
    26 for0 against
2 proposals not matched to one resolution
  • Reelect Vellayan Subbiah as Director
    2 for0 against
  • To approve, appointment of Cost Accountants.
    1 for0 against

Each fund house counted once, from its own disclosure; the reasons are its own words.

Tax disputes

Reported in the filing for the quarter to Sep 2026.

  • Tax disputeIncome Tax DepartmentSince 5 Dec 2024
    The Company received a revisionary assessment order dated 20 April 2026 passed u/s 143(3) r.w.s 263 of the Income-tax Act, 1961, pertaining to Assessment Year 2022–23. Pursuant to the said order, a tax demand of Rs.236.74 crores was raised. The Company has filed an appeal before the Commissioner of Income Tax (Appeals). Subsequently, pursuant to a rectification application , rectified order passed dated 04 June 2026, the tax demand was revised and reduced to Rs.215.59 crores. The Company has now received an updated stay order dated 7th September 2026 from the Income Tax Department in respect of the revised tax demand. Both the appeals preferred by the Company, one against the original assessment order dated 27 February 2024 and the other against the revisionary assessment order dated 20 April 2026, are currently pending before the Commissioner of Income Tax (Appeals).MoreLess
    At the filing before: The Company received Income Tax Assessment Order for AY 2022-23 on 27 February 2024, with tax demand of Rs. 188.79 crores, against which the company has filed an appeal before the CIT(A), NFAC on 26 March 2024. The Company also sought a stay on tax demand, which was allowed by the Assistant Commissioner of Income Tax, Mumbai, vide order dated 4 December 2024.MoreLess
  • Tax disputeIncome Tax DepartmentSince 8 May 2024
    The Appeals preferred by the Company are currently pending before the Commissioner of Income Tax (Appeals).
    At the filing before: The Company received assessment orders based on the revised income tax returns filed for AYs 2015-16, 2016-17, 2017-18 and 2019-20 on 28 February 2025, with aggregate tax demand of Rs.248.40 crores, against which the company has filed appeals before the CIT(A), NFAC on 27 March 2025. The Company also sought a stay on tax demands , which was allowed by the Assistant Commissioner of Income Tax, Mumbai, vide order dated 9 April 2025.MoreLess
  • Tax disputeIncome Tax DepartmentSince 24 Jun 2025
    The Appeal preferred by the Company are currently pending before the Hon'ble Income Tax Appellate Tribunal, Mumbai.
    At the filing before: The Company received the final assessment order pursuant to DRP directions for AY 2021-22 on 25 July 2025, with tax demand of Rs.467.76 crores, against which the company has filed an appeal before the Hon'ble ITAT, Mumbai on 8 August 2025. The Company also sought a stay on tax demand, which was allowed by the Deputy Commissioner of Income Tax, Mumbai, vide orders dated 22 August 2025 and 29 January 2026.MoreLess
  • Tax disputeIncome Tax DepartmentSince 18 Nov 2025
    The Appeal preferred by the Company are currently pending before the Hon'ble Income Tax Appellate Tribunal, Mumbai.
    At the filing before: The Company received the final assessment order based on the revised income tax returns filed for AY 2020-21 on 18 November 2025, with tax demands of Rs.33.02 crores, against which the company has filed an appeal before the Hon'ble ITAT, Mumbai on 16 January 2026. The Company also sought a stay on tax demand, which was allowed by the Deputy Commissioner of Income Tax, Mumbai, vide orders dated 28 January 2026.MoreLess
  • Tax disputeIncome Tax DepartmentSince 19 Nov 2025
    The Appeal preferred by the Company are currently pending before the Hon'ble Income Tax Appellate Tribunal, Mumbai.
    At the filing before: The Company received the final assessment order based on the revised income tax returns filed for AY 2018-19 on 19 November 2025, with tax demands of Rs.365.37 crores (reduced to Rs. 352.94 crores after rectification), against which the company has filed an appeal before the Hon'ble ITAT, Mumbai on 16 January 2026. The Company also sought a stay on tax demand, which was allowed by the Deputy Commissioner of Income Tax, Mumbai, vide orders dated 28 January 2026.MoreLess

In the company's own words, from its latest governance filing.

Investor complaints and compliance

Quarter by quarter.

Investor complaints received and resolved, the company's own count

  • Received
  • Resolved

Open at the quarter's end

At most 2 complaints open, quarter to Mar 2026.
The board is made up as the listing rules require
Yes
The board has a regular chairperson
Yes
The company has a risk management committee
Yes
The chair is related to the managing director
No
The filing has a part on fines and penalties
No
The filing has a part on tax disputes
Yes
There was a cyber security incident in the quarter
Yes

The company's own answers in its filing.

How money raised was used

Reported for the quarter to Jun 2026.

RaisedAmount raisedForSet asideSpentSpent elsewhere
QIPJul 2025, checked by CARE Ratings Limited3,000.00Investment in our Subsidiary, CG Semi Private Limited, for funding capital expenditure requirements in relation to setting up an OSAT facility1,062.85184.67No
QIPJul 2025, checked by CARE Ratings Limited3,000.00Funding capital expenditure requirements and strategic initiatives of our Company for the following: a) setting up of a power transformer plant; b) development of a leasehold land;856.98241.72No
QIPJul 2025, checked by CARE Ratings Limited3,000.00Acquisitions and inorganic growth opportunities by our Company330.000.00No
QIPJul 2025, checked by CARE Ratings Limited3,000.00General Corporate Purpose724.1450.23No
₹ crore. Checked by is the agency appointed to monitor how the money is used. The reason and the comments are the company's, its audit committee's and its auditors' own words.