Interim report
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CG Power and Industrial Solutions Limited Registered Office: ONE UNITY CENTER, Unit Nos. 1504-1508, Senapati Bapat Marg, Prabhadevi, Mumbai - 400013, India T: +91 22 3120 7777 W: www.cgglobal.com Corporate Identity Number: L99999MH1937PLC002641 Our Ref: COSEC/102/2026-27 The Corporate Relationship Department BSE Limited 1st Floor, New Trading Ring Rotunda Building, Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai 400 001 Scrip Code: 500093 Dear Sir/ Madam, Smart solutions. Strong relationships, 23rd October 2026 By portal The Assistant Manager - Listing National Stock Exchange of India Ltd. Exchange Plaza, Bandra-Kurla Complex, Bandra (East), Mumbai 400 051 Scrip Id: CGPOWER Sub.: Outcome of Board Meeting under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("SEBI Listing Regulations"). In accordance with Regulation 30 of the SEBI Listing Regulations read with Schedule Ill thereto, we wish to inform you that the Board of Directors of the Company has, at its Meeting held today (i.e. Friday, 23rd October 2026), inter-alia, considered and approved the following: 1. Unaudited Financial Results: Unaudited Financial Results, Segment-Wise Financial Report and Statement of Assets and Liabilities of the Company, both on standalone as well as consolidated basis, for the 2nd quarter and half year ended 30th September 2026 ("Financial Results") as recommended by the Audit Committee of the Company. A copy of the Financial Results is enclosed for your information and records. We also enclose a copy of the Limited Review Report on the Financial Results for the 2nd quarter and half year ended 30th September 2026, signed by M/s. Price Waterhouse Chartered Accountants LLP, Statutory Auditors of the Company, as Annexure -1. 2. Designation of Mr. Rajat Shah and Mr. Rushikesh Kulkarni as Senior Management Personnel The Board of Directors, based on the recommendation of Nomination and Remuneration Committee, have designated Mr. Rajat Shah, Vice President - Services and Mr. Rushikesh Kulkarni, Chief Growth & Innovation Officer - Industrial Business as Senior Management Personnel w.e.f. 23rd October 2026.
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CG Power and Industrial Solutions Limited Registered Office: ONE UNITY CENTER, Unit Nos. 1504-1508, Senapati Bapat Marg, Prabhadevi, Mumbai - 400013, India T: +91 22 3120 7777 W: www.cgglobal.com Corporate Identity Number: L99999MH1937PLC002641 3. Capacity expansion of Power Transformer facility (T3 - Division) Smart solutions. Strong relationships. The existing Power Transformer manufacturing facility is currently operating at its maximum capacity. The Company had undertaken Lean initiative and basis the outcome , there is scope to enhance the capacity by 1 O, 000 MVA in the existing facility. Given the current and projected order pipeline for the division, the Board has approved the capacity enhancement. The total estimated project investment is t68 Crores (net of taxes). The project is planned to be completed within a period of 12-15 months and is expected to significantly enhance the plant's manufacturing capacity, enabling the division to meet growing market demand and strengthen its competitive position. 4. Brownfield/CAPEX Expansion of Switchgear facilities - S1 Unit Oil Impregnated Paper (OIP), S3 Unit-II Extra High Voltage (EHV) circuit breaker and Gas Insulated Switchgear (GIS) Division: The Company's existing manufacturing facilities are witnessing significant capacity constraints. In view of the increasing order pipeline and growing demand for EHV products and in order to cater to the growing domestic and export demand, the Company proposes to undertake the following capital expenditure projects: 1. S1 Unit (OIP), Ambad: The proposed project involves an investment of approximately t300 Crores to enhance the manufacturing capacity of OIP bushings and instrument transformers up to 800 kV, by 4236 equivalent units per year. The project will involve augmentation of manufacturing, assembly, testing and associated infrastructure, with production tentatively expected to commence within 30-36 months. 2. S3 Unit-II Phase 2: Further to our disclosure dated 4th June 2026, we wish to inform you that the Board has approved the further investment of approximately t15 .31 Crores to enhance EHV circuit breaker manufacturing capacity by 3600 units (annually) at S3 Unit-II facility. The proposed capacity addition is planned to be completed within a period of 6-9 months. 3. GIS Division, Vilholi: Further to our disclosure dated 24th July 2026, we wish to inform you that the Board has approved the enhancement in Capex investment for the GIS brownfield project at Vilholi, Nashik, from t35.17 Crores to t44.62 Crores, representing an additional investment of t9.45 Crores. The enhancement primarily provides for procurement of an 800 kV high-voltage testing system, along with contingency, to enable testing of 245 kV and 400 kV GIS. Approximately 90% of the project assets are expected to be transferred to the Greenfield facilit on-its ,~·~·} ~ ...._, <f * ~e, tial/UJ!1 s>J.# commissioning.
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CG Power and Industrial Solutions Limited Registered Office: ONE UNITY CENTER, Unit Nos. 1504-1508, Senapati Bapat Marg, Prabhadevi, Mumbai - 400013, India T: +91 22 3120 7777 W: www.cqglobal.com Corporate Identity Number: L99999MH1937PLC002641 Smart solutions. Strong relationships, The above investments are part of the greenfield investments proposed for switchgear business. The requisite disclosures as required as per the requirements of Regulation 30 of the SEBI Listing Regulations and SEBI Master Circular Ref. No. SEBI/HO/49/14/14(7)2025-CFD POD2/l/3762/2026 dated 30th January 2026 in respect of Item No. 2, 3 & 4 is enclosed as Annexure II, Ill, IV, V & VI. The Meeting of the Board of Directors commenced at 11 :40 a.m. (1ST) and concluded at 2:05 p.m. (1ST). We would appreciate if you could take the same on record. Thanking you, Yours faithfully, For CG Power and Industrial Solutions Limited ~ ,,.- Sanjay Kumar Chowdhary Company Secretary and Compliance Officer Encl.: As above
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Annexure 1 Price Waterhouse Chartered Accountants LLP Independent auditor's review report on the unaudited standalone financial results of CG Power and Industrial Solutions Limited for the quarter and six months ended September 30, 2026, pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 To The Board of Directors CG Power and Industrial Solutions Limited One Unity Center, Unit Nos. 1504-1508, Senapati Bapat Marg, Prabhadevi, Mumbai - 400013 1. We have reviewed the unaudited standalone financial results of CG Power and Industrial Solutions Limited (the "Company'') for the quarter ended September 30, 2026 and the year to date results for the period April 1, 2026 to September 30, 2026, which are included in the accompanying 'Statement of Unaudited Standalone Financial Results for the quarter and six months ended 30th September, 2026', the unaudited standalone statement of assets and liabilities as on that date and the unaudited standalone statement of cash flows for the six months ended on that date (the "Statement"). The Statement has been prepared by the Company pursuant to the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (the "Listing Regulations, 2015"), which has been initialled by us for identification purposes. 2. This Statement, which is the responsibility of the Company's Management and approved by the Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34 "Interim Financial Reporting" ("Ind AS 34"), prescribed under Section 133 of the Companies Act, 2013, and other accounting principles generally accepted in India. Our responsibility is to express a conclusion on the Statement based on our review. 3. We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410 "Review of Interim Financial Information Performed by the Independent Auditor of the Entity", issued by the Institute of Chartered Accountants of India. This Standard requires that we plan and perform the review to obtain moderate assurance as to whether the Statement is free of material misstatement. A review of interim financial information consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Standards on Auditing and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion. 4. Based on our review conducted as above, nothing has come to our attention that causes us to believe that the Statement has not been prepared in all material respects in accordance with the recognition and measurement principles laid down in the aforesaid Indian Accounting Standard and other accounting principles generally accepted in India and has not disclosed the information required to be disclosed in terms of Regulation 33 of the Listing Regulations, 2015 including the manner in which it is to be disclosed, or that it contains any material misstatement . • - , .. l,; ~ Price Waterhouse Chartered Accountants LLP, 252, Veer Savarkar Marg, Shivaji Park, Dadar (West), Mumbai - 400 028 T:+91(22)66697510 Registered office and Head office: 11-A, Vishnu Digarnber Marg, Sucheta Bhawan, New Delhi - I 10002 Price Waterhouse (a Partnership Firm) converted into Price Waterhouse Chartered Accountants LLP (a Limited Liability Partnership with LLP identity no: LLPIN AAC-5001) with effect from July 25, 2014, Post its conversion to Price Waterhouse Chartered Accountants LLP, its !CAI registration number is 012754N/N500016 (!CAI registration number before conversion was 012754N)
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Price Waterhouse Chartered Accountants LLP To the Board of Directors of CG Power and Industrial Solutions Limited Independent auditor's review report on the unaudited standalone financial results Page 2 of2 5. (a) The standalone financial results of the Company for the quarter ended September 30, 2025 and the year to date results for the period April 1, 2025 to September 30, 2025 and quarter ended June 30, 2026 were reviewed by another firm of Chartered Accountants who issued their unmodified conclusion, vide their reports dated October 29, 2025 and July 24, 2026, respectively. (b) The standalone financial statements of the Company for the year ended March 31, 2026 were audited by another firm of Chartered Accountants, who issued an unmodified opinion vide their report dated May 6, 2026. Our conclusion is not modified in respect of these matters. For Price Waterhouse Chartered Accountants LLP Firm Registration Number: 012754N/N500016 ~' •• ~~~ Baskar Pannerselvam Partner Membership Number: 213126 UDIN: Q 6 ';2. \ ~ \ ~ ~ W N 2 ~ '\/ C. 8" \ O G Place: Mumbai Date: October 23, 2026
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CG Power and Industrial Solutions Limited Registered Office: One Unity Center, Unit Nos. 1504-1508, Senapati Bapat Marg, Prabhadevi, Mumbai 400 013, India T: +91 22 3120 7700 W: www.cgglobal.com E: investorservices@cgglobal.com Corporate Identity Number: L99999MH1937PLC002641 Smart solutions. Strong relationships. STATEMENT OF UNAUDITED STANDALONE FINANCIAL RESULTS FOR THE QUARTER AND SIX MONTHS ENDED 30TH SEPTEMBER, 2026 (t in crores unless specified) Sr. Particulars No. Quarter ended Six months ended Year ended 30.09.2026 30.06.2026 30.09.2025 30.09.2026 30.09.2025 31.03.2026 Unaudited Unaudited Unaudited Unaudtted Unaudited Audited 1 Income (a) Revenue from operations 3504.63 3061.37 2649.19 6566.00 5292.68 11330.62 (b) Other income 76.34 80.84 64.25 157.18 95.19 253.82 Total Income 3580.97 3142.21 2713.44 6723.18 5387.87 11584.44 2 Expenses (a) Cost of materials consumed 2355.39 2217.64 1878.61 4573.03 3673.38 7799.22 (b) Purchases of stock-in-trade 100.08 129.80 82.83 229.88 187.02 426.05 ( c) Changes in inventories of finished goods, work-in-progress and stock-in-trade (8.00) (161.28) (64.14) (169.28) (60.19) (130.86) (d) Employee benefits expense 161.32 150.31 144.09 311.63 287.81 578.95 (e) Finance costs 3.27 2.47 1.73 5.74 3.10 7.46 (D Depreciation and amortisation expense 31.41 28.49 24.29 59.90 47.02 94.44 (g) Other expenses 335.27 288.02 237.44 623.29 457.94 1016.60 Total Expenses 2978.74 2655.45 2304.85 5634.19 4596.08 9791.86 3 Profit before exceptional items and tax 602.23 486.76 408.59 1088.99 791.79 1792.58 4 Exceptional items -impact of new Labour Codes - - - . - (35.57) 5 Profit before tax 602.23 486.76 408.59 1088.99 791.79 1757.01 6 Tax expense: Current tax 155.34 122.98 107.34 278.32 204.02 462.35 Deferred tax (3.01) 0.19 (5.93) (2.82) (5.80) (22.12) Total tax expense 152.33 123.17 101.41 275.50 198.22 440.23 7 Profit after tax 449.90 363.59 307.18 813.49 593.57 1316.78 8 Other comprehensive income: (a) Items that will not be reclassified to profit or loss (i) Re-measurement gain/ (loss) on defined benefit plans (1 .37) (1.38) (2.34) (2.75) (4.69) (5.05) (ii) Income tax relating to item above 0.35 0.35 0.49 0.70 1.03 1.11 9 Total comprehensive income after tax 448.88 362.56 305.33 811.44 589.91 1312.84 10 Paid-up equity share capital 315.10 315.00 314.95 315.10 314.95 314.99 (Face value of ~ 2/- each) 11 Reserves excluding Revaluation Reserve 7901.38 12 Earnings Per Share (not annualised except for the year ended March) (a) Basic (in~) 2.86 2.31 1.95 5.16 3.83 8.42 (b) Diluted (in~) 2.85 2.31 1.95 5.16 3.83 8.42 • murugappo 1/5
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CG Power and Industrial Solutions Limited Registered Office: One Unity Center, Unit Nos. 1504-1508, Senapati Bapat Marg, Prabhadevi, Mumbai 400 013, India T: +91 22 3120 7700 W: www.cgglobal.com E: investorservices@cgglobal.com Corporate Identity Number: L99999MH1937PLC002641 Smart solutions. Strong relationships. UNAUDITED STANDALONE SEGMENT-WISE REVENUE, RESULTS, ASSETS AND LIABILITIES (fin crores) Sr. Particulars No. Quarter ended Six months ended Year ended 30.09.2026 30.06.2026 30,09,2025 30.09.2026 30.09.2025 31.03.2026 Unaudited Unaudited Unaudited Unaudited Unaudited Audited 1 Segment Revenue: (a) Power Systems 1768.86 1401.60 1254.49 3170.46 2324.63 5138.18 (b) Industrial Systems 1737.75 1670.94 1395.06 3408.69 2969.00 6196.72 Total 3506.61 3072.54 2649.55 6579.15 5293.63 11334.90 Less: Inter-Segment Revenue 1.98 11.17 0.36 13.15 0.95 4.28 Revenue from operations 3504.63 3061.37 2649.19 6566.00 5292.68 11330.62 2 Segment Results: Profit before tax and finance costs from each segment (a) Power Systems 442.78 324.40 259.67 767.18 484.98 1122.74 (b) Industrial Systems 164.09 147.69 134.70 311.78 306.20 612.95 Total 606.87 472.09 394.37 1078.96 791.18 1735.69 Less: (i) Finance costs 3.27 2.47 1.73 5.74 3.10 7.46 (ii) Other un-allocable expenditure net of un-allocable income 1.37 (17.14) (15.95) (15.77) (3.71) (64.35) Add: (i} Exceptional items -impact of new Labour Codes - - - - - (35.57) Profit before tax 602.23 486.76 408.59 1088.99 791.79 1757.01 3 Segment Assets: (a) Power Systems 4633.85 3663.92 2412.61 4633.85 2412.61 3036.39 (b) Industrial Systems 2628.26 2502.97 2016.25 2628.26 2016.25 2501.51 (c) Unallocable 6480.40 6696.56 6255.25 6480.40 6255.25 6418.85 Total segment assets 13742.51 12863.45 10684.11 13742.51 10684.11 11956.75 4 Segment Liabilities: (a) Power Systems 2835.17 2517.36 1619.10 2835.17 1619.10 1969.17 (b) Industrial Systems 1510.52 1429.18 1137.32 1510.52 1137.32 1417.72 (c) Unallocable 324.35 324.75 254.29 324.35 254.29 353.49 Total segment liabilities 4670.04 4271.29 3010.71 4670.04 3010.71 3740.38 • murugappa 2/5
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CG Power and Industrial Solutions Limited Registered Office: One Unity Center, Unit Nos. 1504-1508, Senapati Bapat Marg, Prabhadevi, Mumbai 400 013, India T: +91 22 3120 7700 W: www.cgglobal.com E: investorservices@cgglobal.com Corporate Identity Number: L99999MH1937PLC002641 Smart solutions. Strong relationships. STANDALONE STATEMENT OF ASSETS AND LIABILITIES Particulars A ASSETS 1 Non-current Assets: (a) Property , plant and equipment (b) Capital work-in-progress (c) Right-of-use assets (d) Intangible assets (e) Intangible assets under development (f) Financial assets (i) Investments (ii) Loans (iii) Other financial assets (g) Current tax assets (net) (h) Other non-current assets Total Non-current Assets 2 Current Assets: (a) Inventories (b) Financial assets (i) Investments (ii) Trade receivables (iii) Cash and cash equivalents (iv) Bank balances other than (iii) above (v) Loans (vi) Other financial assets (c) Other current assets Total Current Assets TOT AL - ASSETS B EQUITY AND LIABILITIES Equity (a) Equity share capital (b) Other equity (~ in crores) As at As at 30.09.2026 31.03.2026 Unaudited Audited 1051.51 737 . 30 597.00 448 . 31 194.89 133 . 00 44.23 41 . 57 42.85 39 .62 2014.74 1947 .73 138.80 - 1226.44 1346 .76 248.46 206.89 102.96 115.06 5661.88 5016.24 1638.82 1352 .20 175.40 161 . 03 3428.13 2707.58 201.13 145 . 24 520.21 685 . 07 - 40 .25 1792.27 1616 .07 324.67 233 . 07 8080.63 6940.51 13742.51 11956.75 315.10 314 . 99 8757.37 7901 .38 9072.47 8216.37 Liabilities Total Equity 1------- - +---------1 1 Non-current Liabilities: (a) Financial liabilities (i) Borrowings (ii) Lease liabilities (iii) Other financial liabilities (b) Provisions (c) Deferred tax liabilities (net) Total Non-current Liabilities 2 Current Liabilities: (a) Financial liabilities (i) Lease liabilities (ii) Trade payables -Total outstanding dues of micro enterprises and small enterprises; and -Total outstanding dues of creditors other than micro enterprises and small enterprises (iii) Other financial liabilities (b) Other current liabilities (c) Provisions (d) Current tax liabilities (net) Total Current Liabilities TOTAL - EQUITY AND LIABILITIES 2.69 2 .69 71.40 33 . 15 42.69 43.23 71.57 72 . 95 12.24 15. 06 200.59 167.08 ----- - --+-- 17.06 9 . 89 231.47 259 . 31 2370.04 2082 .85 234.89 180 . 33 1264.84 725 . 77 230.32 228 . 91 120.83 86 .24 4469.45 3573 .30 13742.51 11956.75 ~ murugoppo 3/5
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✓ CG Power and Industrial Solutions Limited Registered Office: One Unity Center, Unit Nos. 1504-1508, Senapati Bapat Marg, Prabhadevi, Mumbai 400 013, India T: +91 22 3120 7700 W: www.cgglobal.com E: investorservices@cgglobal.com Corporate Identity Number: L99999MH1937PLC002641 Smart solutions. Strong relationships. STANDALONE STATEMENT OF CASH FLOWS FOR THE SIX MONTHS ENDED 30TH SEPTEMBER, 2026 (f in crores) Particulars Six months ended 30.09.2026 30.09.2025 Unaudited Unaudited [A] CASH FLOWS FROM OPERATING ACTIVITIES Profit before tax 1088.99 791 .79 Adjustments for: Depreciation and amortisation expense 59.90 47.02 Allowances for doubtful debts and advances (net) 10.86 0.21 Bad debts written off I (reversal) (net) - (3.37) Changes in fair value of financial instruments through profit or loss 5.73 (5.32) Finance costs 5.74 3.10 Interest income (130.91) (58.06) Share based payment expense 19.76 25.55 Profit on sale of Investments (net) (9.41) (13.37) Unrealised exchange (gain) / loss (net) (6.78) 5.47 {Profit) / loss on sale of property , plant and equipment (net) (1.43) 0.25 Liabilities no longer requfred written back - (9.99) Gain on modification of lease (0.46) - (47.00) (8.51) Operating profit before working capital changes 1041.99 783 .28 Adjustments for: (Increase) / Decrease in trade receivables (728.41) (132.60) (Increase)/ Decrease In other non-current financial assets (1.46) (4.43) (Increase) I Decrease In other current financial assets and current assets (89.41) (14.76) (Increase) I Decrease in inventories (286.62) (164 .21) Increase / (Decrease) In trade payables 267.13 144.34 Increase/ (Decrease) in other non-current financial liabilities (0.58) 0.10 Increase / (Decrease) in other current financial liabilities and current liabilities 533.15 122.87 Increase / (Decrease) in non-current and current provisions (2.72) (11.20' (308.92) (59.89) Cash (used in)/ generated from operations 733.07 723 .39 Income tax refund/ (paid) (net) (283.95) (233.74) Net cash flol/Y (used In)/ generated from operating activities (AJ 449.12 489.65 [BJ CASH FLOWS FROM INVESTING ACTIVITIES Proceeds from sale of property , plant and equipment 2.59 0.84 Proceeds from redemption of mutual funds and bond 1334.30 2653.10 Loan repaid by a subsidiary - 9.99 Interest received 54.95 22.23 Investments in subsidiaries (67.00) (461.27) Purchase of property , plant and equipment (including capital work -in- progress .capital advances and capital creditors) and intangible assets (Including under development) (471.00) (171.22) Purchase of mutual funds (1345.00) (3118.71) Refund of deposit in relation to bidding process for acquisition - 28.47 (Investment in) I proceeds from fixed deposits (net) 176.79 (2402.29) Loan given to a subsidiary (93.00) - Net cash flow (used in) / generated from investing activities [B] (407.37) (3438.86) [CJ CASH FLOWS FROM FINANCING ACTIVITIES Proceeds from issue of equity shares 24.90 12.29 Proceeds from issue of equity shares through Qualified Institutions Placement (QIP) - 3000 .00 Issue expenses for QIP - (22.93) Payment of lease liabilities including Interest for~ 3.01 crores (previous period 't 1.09 crores) (10.25) (3.53) Finance costs paid (0.51) (0.95) Net cash flow (used in) / generated from financing activities [CJ 14.14 2984.88 NET INCREASE / (DECREASE) IN CASH AND CASH EQUIVALENTS (A+B+C) 55.89 35.67 Cash and cash equivalents at beginning of the year 145.24 10.66 Cash and cash equivalents at end of the oeriod 201.13 46.33 ~ murugappa 4/5
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CG Power and Industrial Solutions Limited Registered Office: One Unity Center, Unit Nos. 1504-1508, Senapati Bapat Marg, Prabhadevi, Mumbai 400 013, India T: +91 22 3120 7700 W: www.cgglobal.com E: investorservices@cgg lob al .com Corporate Identity Number: L99999MH1937PLC002641 Notes: Smart solutions. Strong relationships. 1. The above unaudited standalone financial results have been reviewed by the Audit Committee and approved by the Board of Directors of the Company at their respective meetings held on October 23, 2026. The statutory auditors have conducted a limited review of these standalone financial results. 2. During the previous financial year, the Company has raised , 3,000.00 crores through Qualified Institutions Placement (QIP). Out of the funds raised, , 660.39 crores have been utilised towards the objects stated in the Placement Document up to September 30, 2026. The unutilised funds as at September 30, 2026 have been temporarily invested in fixed deposits and mutual fund, and balance kept in monitoring account. 3. The Company is involved in certain ongoing direct tax litigations which are pending before various forums. Based on prevailing jurisprudence, past rulings and legal opinions obtained by the Company, management is confident of the Company's success and favourable outcome in these matters. Place: Mumbai Date: October 23, 2026 For CG Power and lndustri By Managing Directo DIN: 07574081 I• ~ murugappa 5/5
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Price Waterhouse Chartered Accountants LLP Independent auditor's review report on the unaudited consolidated financial results of CG Power and Industrial Solutions Limited for the quarter and six months ended September 30, 2026, pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 To The Board of Directors CG Power and Industrial Solutions Limited One Unity Center, Unit Nos. 1504-1508, Senapati Bapat Marg, Prabhadevi, Mumbai - 400013 1. We have reviewed the unaudited consolidated financial results of CG Power and Industrial Solutions Limited (the "Holding Company"), its subsidiaries (the Holding Company and its subsidiaries hereinafter referred to as the "Group"), and its share of the net profit after tax and total comprehensive income of its associate (refer paragraph 4 below) for the quarter ended September 30, 2026 and the year to date results for the period April 1, 2026 to September 30, 2026, which are included in the accompanying 'Statement of Unaudited Consolidated Financial Results for the quarter and six months ended 30th September, 2026', the unaudited consolidated statement of assets and liabilities as on that date and the unaudited consolidated statement of cash flows for the six months ended on that date (the "Statement"). The Statement is being submitted by the Holding Company pursuant to the requirement of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (the "Listing Regulations, 2015"), which has been initialled by us for identification purposes. 2. This Statement, which is the responsibility of the Holding Company's Management and has been approved by the Holding Company's Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34 "Interim Financial Reporting", prescribed under Section 133 of the Companies Act, 2013, and other accounting principles generally accepted in India. Our responsibility is to express a conclusion on the Statement based on our review. 3. We conducted our review of the Statement in accordance with the Standard on Review Engagements ('SRE') 2410 "Review of Interim Financial Information Performed by the Independent Auditor of the Entity", issued by the Institute of Chartered Accountants of India. This Standard requires that we plan and perform the review to obtain moderate assurance as to whether the Statement is free of material misstatement. A review of interim financial information consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Standards on Auditing and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion. We also performed procedures in accordance with the circular issued by the Securities and Exchange Board of India under Regulation 33 (8) of the Listing Regulations, 2015, to the extent applicable. Price Waterhouse Chartered Accountants LLP, 252, Veer Savarkar Marg, Shivaji Park, Dadar (West), Mumbai - 400 028 T:+91(22)66697510 Registered office and Head office: 11-A, Vishnu Digarnber Marg, Sucheta Bhawan, New Delhi - I 10002 Price Waterhouse (a Partnership Finn) converted into Price Waterhouse Chartered Accountants LLP (a Limited Liability Partnership with LLP identity no: LLPIN AAC-5001) with effect from July 25, 2014. Post its conversion to Price Waterhouse Chartered Accountants LLP, its !CAI registration number is 012754N/N500016 (!CAI registration number before conversion was 0 12754N)
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Price Waterhouse Chartered Accountants LLP To the Board of Directors of CG Power and Industrial Solutions Limited Independent auditor's review report on the unaudited consolidated financial results Page 2 of 3 4. The Statement includes the results of the following entities: Holding Company: CG Power and Industrial Solutions Limited Subsidiaries: i. CG Drives & Automation Netherlands B.V. 11. CG Drives & Automation Germany GmbH m. CG Industrial Holdings Sweden AB 1v. CG Drives & Automation Sweden AB v. G.G. Tronics India Private Limited vi. Axiro Semiconductor Inc. vii. CG International Holdings Singapore Pte. Limited vin. CG International B.V. ix. CG Adhesive Products Limited x. CG Power Americas, LLC xi. CG DE Sub, LLC xn. Axiro Semiconductor Turkey Arastirma ve Gelistirme A.S. xiii. Axiro Semiconductor (Shenzhen) Co., Ltd. xiv. CG Power Equipments Limited xv. CG Sales Network Malaysia Sdn. Bhd. xvi. CG Semi Private Limited XVII. Axiro Semiconductor Private Limited xviii. Tosil Systems Private Limited Associate: i. Chola Foundation 5. Based on our review conducted and procedures performed as stated in paragraph 3 above and based on the consideration of the review reports of the other auditors referred to in paragraph 6 below, nothing has come to our attention that causes us to believe that the accompanying Statement has not been prepared in all material respects in accordance with the recognition and measurement principles laid down in the aforesaid Indian Accounting Standard and other accounting principles generally accepted in India and has not disclosed the information required to be disclosed in terms of Regulation 33 of the Listing Regulations, 2015 including the manner in which it is to be disclosed, or that it contains any material misstatement. 6. The interim financial results of six subsidiaries reflect total assets of Rs. 1,657.79 crores as at September 30, 2026 and total revenue of Rs. 316.83 crores and Rs. 563.03 crores, total net loss after tax of Rs. 6.10 crores and Rs. 22.06 crores and total comprehensive income of Rs. (5.84) crores and Rs. (21.80) crores, for the quarter ended and for the period from April 1, 2026 to September 30, 2026, respectively, and cash outflows (net) of Rs. 2.60 crores for the period from April 1, 2026 to September 30, 2026, as considered in the unaudited consolidated financial results. These interim financial results have been reviewed by other auditors and their reports, vide which they have issued an unmodified conclusion, have been furnished to us by the other auditors and our conclusion on the Statement, in so far as it relates to the amounts and disclosures included in respect of these subsidiaries, is based on the reports of the other auditors and the procedures performed by us as stated in paragraph 3 above. Our conclusion on the Statement is not modified in respect of the above matter.
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Price Waterhouse Chartered Accountants LLP To the Board of Directors of CG Power and Industrial Solutions Limited Independent auditor's review report on the unaudited consolidated financial results Page3 of 3 7. The unaudited consolidated financial results include the interim financial information of ten subsidiaries which have not been reviewed by their auditors, whose interim financial information reflect total assets of Rs. 546.15 crores as at September 30, 2026 and total revenue of Rs. 18.79 crores and Rs. 43.66 crores, total net loss after tax of Rs. 3.11 crores and Rs. 4.29 crores and total comprehensive income of Rs. (3.11) crores and Rs. (4.29) crores for the quarter ended September 30, 2026 and for the period from April 1, 2026 to September 30, 2026, respectively, and cash inflows (net) of Rs. 2.82 crores for the period from April 1, 2026 to September 30, 2026, as considered in the unaudited consolidated financial results. The unaudited consolidated financial results also include the Group's share of net profit after tax of Rs. Nil and Rs. Nil and total comprehensive income of Rs. Nil and Rs. Nil for the quarter ended September 30, 2026 and for the period from April 1, 2026 to September 30, 2026, respectively, as considered in the unaudited consolidated financial results, in respect of one associate based on its interim financial information, which have not been reviewed by its auditor. According to the information and explanations given to us by the Management, these interim financial information are not material to the Group. Our conclusion on the Statement is not modified in respect of the above matter. 8. (a) The comparative figures of the Group as set out in the Statement for the quarter ended September 30, 2025 and the year to date results for the period April 1, 2025 to September 30, 2025 and quarter ended June 30, 2026 were reviewed by another firm of Chartered Accountants who, vide their reports dated October 29, 2025 and July 24, 2026, respectively, expressed an unmodified conclusion on the same. (b) The consolidated financial statements of the Company for the year ended March 31, 2026, were audited by another firm of Chartered Accountants under the Companies Act, 2013 who, vide their report dated May 6, 2026, expressed an unmodified opinion on those financial statements. Our conclusion on the Statement is not modified in respect of the above matters. For Price Waterhouse Chartered Accountants LLP Firm Registration Number: 012754N/N500016 B~~~ ' Partner Membership Number: 213126 UDIN: ~ 6 ~ 13 \~ fJ \,...C?J \-<AL W L( "1-~ ti Place: Mumbai Date: October 23, 2026
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CG Power and Industrial Solutions Limited Registered Office: One Unity Center, Unit Nos. 1504-1508, Senapati Bapat Marg, Prabhadevi. Mumbai 400 01 3, India T: +91 22 31 20 7700 W: www.cgglobal.com E: investorservices@cgglobal.com Corporate Identity Number: L99999MH1937PLC002641 Smart solutions. Strong relationships. STATEMENT OF UNAUDITED CONSOLIDATED FINANCIAL RESULTS FOR THE QUARTER AND SIX MONTHS ENDED 30TH SEPTEMBER. 2026 It' in crores unless soecifiedl Sr. Quarter ended Six months ended Year ended No. Particulars 30.09.2026 30.06.2026 30.09.2025 30.09.2026 30.09.2025 31.03.2026 Unaudited Unaudited Unaudited Unaudited Unaudited Audited 1 Income (a) Rewnue from operations 3801 .54 3280.81 2922 .79 7082 .35 5800.84 12417 .95 /b) Other income 81 .71 83.58 66.10 165.29 91 .59 244 .27 Total Income 3883..25 3364.39 2988.89 7247.64 5892.43 12662..22 2 Expenses (a) Cost of materials consumed 2496.85 2304.96 2002 .03 4801.81 3925 .62 8334 .67 (b) Purchases of stock-in-trade 100.08 129.80 82.83 229.88 187 .02 426 .05 (c) Changes in inwntories of finished goods, work-in-progress and stock-in-trade (10 .70) (163.95) (70.40) (174 .65) (90.56) (194.56) (d) Employee benefits expense 261 .29 253.35 235 .81 514.64 450.87 951 .58 (e) Finance costs 4.34 3.51 2.69 7.85 4.88 12.17 (f) Depreciation and amortisation expense 57.73 54.47 52.05 112.20 95.55 195.59 I la\ Other eXDenses 414.44 359.37 295 .81 n3.81 567 .20 1274 .92 Total Expenses 3324.03 2941.51 2600.82 6265.54 5140.58 11000.42 3 Profit before share of profit/ (loss) of associate, exceptional items and tax 559.22 422.88 388.07 982.10 751.85 1661.80 4 Share of profit I (loss) of associate . - - - - - 5 Profit before exceotional items and tax 559.22 422.88 388.07 982.10 751.85 1661.80 6 Exceptional items - impact of new Labour Codes - - . . - (35.57) 7 Profit before tax 559.22 422.88 388.07 982.10 751.85 1626.23 8 Tax expense: Current tax 155.82 124.35 110.31 280.17 208.31 470 .73 Deferred tax /5.69) (9.75) (6.68) (15.44) (7.77) /41 .23) Total tax exoense 150.13 114.60 103.63 264.73 200.54 429.50 9 Profit from continuin!I operations after tax 409.09 308.28 284.44 717.37 551.31 1196.73 10 Profit from discontinued ooerat ions before tax - - - - - 1.95 11 Tax eXDense on discontinued ooerations - - . - . . 12 Profit from discontinued ooeratlons after tax - . - - . 1.95 13 Profit after tax 409.09 308.28 284.44 717.37 551.31 1198.68 Profit after tax attributable to: (a) ONners of the Company 412.04 313 .01 286 .72 725 .05 555.95 1206 .27 /b\ Non-controllino interests (2.95) (4.73) (228 ) /7.68) /4.64) /7.59\ 14 Other comprehensive income: (a) Items that will not be reclassified to profit or loss (i) Re-measurement gain / (loss) on defined benefit plans (1.01) (1.38) (2.34) (2.39) (4.87) (5.31) (ii) Income tax relating to item abow 0.26 0.35 0.49 0.61 1.08 1.11 (b) Items that will be reclassified to profit or loss (i) Exchange differences on translating the financial statements of foreign operations 3.86 (6.74) 18.27 (2.88) 43.62 72.31 /iil Net mowment on effectiw oortion of cash flow hedaes 1.58 /0.96) 1.97 0,62 5.12 4.28 Other comorehensive income for the period 4.69 (8.73) 18.39 14.041 44.95 72.39 other comprehensive income for the period attributable to: (a) ONners of the Company 4.45 (866) 18.24 (4.21) 44.62 72.04 (b\ Non-controlling interests 0.24 (0.07) 0.15 0.17 0.33 0.35 15 Total comprehensive income after tax 413.78 299.55 302.83 713.33 596.26 1271.07 Total comprehensive income after tax attributable to: (a) ONners of the Company 416.49 304.35 304 .96 720.84 600.57 1278 .31 /b) Non-controllina interests /2.71\ /4.80\ (2.13) (7.51) (4.31) (7.24) 16 Paid-up equity share capital (Face value oft 2/- each) 315.10 315 .00 314 .95 315 .10 314 .95 314.99 17 Reserves excludina Revaluation Reserve 7655.49 18 Earnings Per Share (for continuing operations) (not annualised except for the year ended March) (a) Basic (in t ) 2.62 1.99 1.82 4.60 3.58 7.71 (bl Diluted /in ~) 2.61 1.99 1.82 4.60 3.58 7.70 Earnings Per Share (for discontinued operations) (not annualised except for the year ended March) (a) Basic (in~) . - - - - 0.01 (b) Diluted (in ~\ - - . . . 0.01 Earnings Per Share (for continuing and discontinued operations) (not annualised except for the year ended March) (a) Basic (in ~) 2.62 1.99 1.82 4.60 3.58 7.72 I /b\ Diluted /in ~\ 2.61 1.99 H l2 4.60 3.58 7.71 Charter • murugappa 116
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CG Power and Industrial Solutions Limited Registered Office: One Unity Center, Unit Nos. 1504· 1508, Senapati Bapat Marg, Prabhadevi, Mumbai 400 013, India T: +91 22 3120 7700 W: www.cgglobal.com E: investorservices@cgglobal.com Corporate Identity Number: L99999MH1937PLC002641 Smart solutions. Strong relationships. UNAUDITED CONSOLIDATED SEGMENT-WISE REVENUE, RESULTS, ASSETS AND LIABILITIES If in croresl Quarter ended Six months ended Year ended Sr. 30.09.2026 30.06.2026 30.09.2025 30.09.2026 30.09.2025 31.03.2026 No. Particulars Unaudited Unaudited Unaudited Unaudited Unaudited Audited 1. Segment Revenue: (a) Power Systems 1766.76 1398.24 1254.49 3165.00 2324.63 5138.18 (b) Industrial Systems 1868.61 1789.54 1533.33 3658.15 3224.87 6747.04 (c) Semiconductors 161.56 94.03 127.89 255.59 236.38 502.77 (d) Others 6.59 10.17 7.44 16.76 15.91 34.24 Total 3803.52 3291.98 2923.15 7095.50 5801.79 12422.23 Less: Inter-Segment Revenue 1.98 11.17 0.36 13.15 0.95 4.28 Revenue from operations 3801.54 3280.81 2922.79 7082.35 5800.84 12417.95 2. Segment Results: Profit/(loss) before tax and finance costs from each segment (a) Power Systems 442.61 324.09 259.67 766.70 484.98 1122.74 (b) Industrial Systems 160.79 136.28 136.68 297.07 308.80 625.33 (c) Semiconductors (34.15) (49.99) (21.73) (84.14) (30.43) (107.86) (d) Others 0.31 2.99 1.57 3.30 2.23 6.20 Total 569.56 413.37 376.19 982.93 765.58 1646.41 Less: (i) Finance costs 4.34 3.51 2.69 7.85 4.88 12.17 (ii) Other Un-allocable expenditure net of un-allocable income 6.00 (13.02) (14.57) (7.02) 8.85 (27.56) (iii) Share of profit I (loss) of associate - - . - . . Add: (i) Exceptional items - impact of new Labour Codes - . . - . (35.57) Profit before tax 559.22 422.88 388.07 982.10 751.85 1626.23 3. Segment Assets: (a) Power Systems 4648.12 3677.36 2426.42 4648.12 2426.42 3050.99 (b) Industrial Systems 3730.92 3583.16 3125.88 3730.92 3125.88 3608.31 (c) Semiconductors 1592.81 1466.24 1472.19 1592.81 1472.19 1421.39 (d) Others 37.22 37.58 32.36 37.22 32.36 34.02 (e) Unallocable 4448.92 4735.49 4477.93 4448.92 4477.93 4551.03 (f) Discontinued Operations 1.86 1.84 73.45 1.86 73.45 1.87 Total segment assets 14459.85 13501.67 11608.23 14459.85 11608.23 12667.61 4. Segment Liabilities: (a) Power Systems 2826.50 2509.19 1611.56 2826.50 1611.56 1961.06 (b) Industrial Systems 1762.70 1657.50 1403.43 1762.70 1403.43 1651.57 (c) Semiconpuctors 263.02 176.90 280.72 263.02 280.72 181.85 (d) Others 8.28 9.10 6.65 8.28 6.65 7.98 (e) Unallocable 637.83 634.76 552.90 637.83 552.90 665.11 'f) Discontinued Operations 1.79 1.79 64.28 1.79 64.28 1.79 Total seqment liabilities 5500.12 4989.24 3919.54 5500.12 3919.54 4469.36 • murugappa 216
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CG Power and Industrial Solutions Limited Registered Office: One Unity Center, Unit Nos. 1504-1508, Senapati Bapat Marg, Prabhadevi, Mumbai 400 013, India T: +91 22 3120 7700 W: www.cgglobal.com E: investorservices@cgglobal.com Corporate Identity Number: L99999MH1937PLC002641 CONSOLIDATED STATEMENT OF ASSETS AND LIABILITIES A 1 2 3 B 1 2 3 Particulars ASSETS Non-current Assets: (a) Property, plant and equipment (b) Capital work-in-progress (c) Right-of-use assets (d) Goodwill (e) Other intangible assets (f) Intangible assets under development (g) Financial assets (i) Investments (ii) Other financial assets (h) Current tax assets (net) (i) Deferred tax assets ( net) (j) Other non-current assets Total Non-current Assets Current Assets: (a) Inventories (b) Financial assets (i) Investments (ii) Trade receivables (iii) Cash and cash equivalents (iv) Bank balances other than (iii) above (v) Other financial assets (c) Other current assets Total Current Assets Assets classified as held for sale and discontinued ooerations TOTAL - ASSETS EQUITY AND LIABILITIES Equity (a) Equity share capital (b) Other equity Equity attributable to the owners of the Company (c) Non-controlling interest Total Equity Liabilities Non-current Liabilities: (a) Financial liabilities (i) Borrowings (ii) Lease liabilities (iii) Other financial liabilities (b) Provisions (C) Deferred tax liabilities (net) Total Non-current Liabilities Current Liabilities : (a) Financial liabilities (i) Borrowings (ii) Lease liabilities (iii) Trade payables - Total outstanding dues of micro enterprises and small enterprises; and - Total outstanding dues of creditors other than micro enterprises and small enterprises (iv) Other financial liabilities (b) Other current liabilities (c) Provisions (d) Current tax liabilities (net) Total Current Liabilities Liabilities associated with group of assets classified held for sale and discontinued operations TOTAL- EQUITY AND LIABILITIES o\\se Chartcr,.]d \,.\.l>\1'! Mr:· 50 127541 iJ /\Jiumbai as As at 30.09.2026 Unaudited 1291.97 845.79 295.63 365.02 436.18 70.88 51.62 1292.08 256.74 33.96 257.40 5197.27 1915.82 332.25 3704.01 324.44 552.82 2035.61 395.77 9260.72 1 .86 14459.85 315 . 10 8424.37 8739 .47 220.26 8959.73 0 . 13 113 . 30 42.31 79 .62 58.01 293.37 14.12 41.38 234.48 2562.37 634.27 1343.93 251.91 122.50 5204.96 1.79 14459.85 Smart solutions. Strong relationships. ,~ in croresl As at 31.03.2026 Audited 978.95 646.70 243.93 364.93 420.38 78.20 51.61 1402.95 213.82 23.67 238.32 4663.46 1583.91 401.66 2923.99 300.66 726.90 1790.30 274.86 8002.28 1 .87 12667.61 314.99 7655.49 7970.48 227.77 8198 .25 0 .17 84.82 44.81 79.42 60.33 269 .55 0.09 33.31 261.20 2207.24 558.54 ii L 807.85 241.57 88.22 4198.02 1.79 12667.61 • murugappa 316
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/ CG Power and Industrial Solutions Limited Registered Office: One Unity Center, Unit Nos. 1504-1508, Senapati Bapat Marg, Prabhadevi, Mumbai 400 013, India T: +91 22 3120 7700 W: www.cgglobal.com E: investorservices@cgglobal.com Corporate Identity Number: L99999MH1937PLC002641 Smart solutions. Strong relationships. CONSOLIDATED STATEMENT OF CASH FLOWS FOR THE SIX MONTHS ENDED 30TH SEPTEMBER. 2026 If in crores) Six months ended 30.09.2026 30.09.2025 Particulars Unaudited Unaudited [A] CASH FLOWS FROM OPERATING ACTIVITIES Profit before tax from continuing operations 982.10 751.85 Profit before tax from discontinued operations - - Adjustments for: Depreciation and amortisation expense 112.20 95.55 Allowances for doubtful debts and advances (net) 11.92 (0.36) Bad debts written off/ (reversal) (net) - (3.37) Changes in fair value of financial instruments through profit or loss 4.37 (4.72) Finance costs 7.85 4.88 Interest income (129.31) (60.20) Share based payment expense 23.32 27.15 Profit on sale of investments ( net) (15.65) (19.42) Unrealised exchange (gain)/ loss (net) (7.04) 5.23 Unrealised exchange gain I (loss) on consolidation (net) (3.02) 6.50 (Profit)/ loss on sale of property, plant and equipment (net) (1.43) 0.11 Gain on modification of lease l0.46) - 2.75 51 .35 Operating profit before working capital changes 984.85 803.20 Adjustments for: (Increase)/ Decrease in trade receivables (787.57) (196.66) (Increase)/ Decrease in other non-current financial assets and non-current assets (8.69) (30.22) (Increase) / Decrease in other current financial assets and current assets (117.40) (51 .16) (Increase)/ Decrease in inventories (331.91) (248.38) Increase/ (Decrease) in trade payables 336.20 266.89 Increase/ (Decrease) in other non-current financial liabilities (2.45) (0.85) Increase/ (Decrease) in other current financial liabilities and current liabilities 516.28 151.02 Increase/ (Decrease) in non-current and current provisions 7.67 (9.53) 1387.871 (118.89) Cash (used in)/ generated from operations 596.98 684.31 Income tax refund/ (paid) (net) 1288.021 (239.99: Net cash flow (used in)/ cienerated from operatina activities [A] 308.96 444.32 [B] CASH FLOWS FROM INVESTING ACTIVITIES Proceeds from sale of property, plant and equipment 2.59 1.12 Proceeds from redemption of mutual funds and bond 1526.63 3243.32 Interest received 57.90 25.55 Refund of deposit in relation to bidding process for acquisition . 28.47 Purchase of property, plant and equipment (including capital work-in- progress, capital advances and capital creditors) and intangible assets (including under development) (net of government grant received) (598.88) (751.39) Purchase of mutual funds (1445.95) (3565.11) Consideration for acquisition of Fabless semiconductor design business . (284.13) Consideration for acquisition of equity shares in Tosi! Systems Private Limited (net of cash acquired t 3. 75 crores) (12.69) - (Investment in)/ proceeds from fixed deposits (net) 172.90 (2375.03) Net cash flow (used in)/ Aenerated from investina activities [Bl 1297.501 (3677.20\ ~ murugappa 416
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CG Power and Industrial Solutions Limited Registered Office: One Unity Center, Unit Nos. 1504-1508, Senapati Bapat Marg, Prabhadevi, Mumbai 400 013, India T: +91 22 3120 7700 W: www.cgglobal.com E: investorservices@cgglobal.com Corporate Identity Number: L99999MH1937PLC002641 Particulars IC] CASH FLOWS FROM FINANCING ACTIVITIES Proceeds from issue of equity shares Proceeds from issue of equity shares through Qualified Institutions Placement (QIP) Issue expenses for QIP Subscription of equity in subsidiary by non-controlling interest Proceeds from short term borrowings Repayment of current maturity of long term borrowings Payment of lease liabilities including interest for ~ 4.99 crores (previous period ~ 2.86 crores) Finance costs paid Net cash flow (used in)/ generated from financing activities [C] NET INCREASE/ (DECREASE) IN CASH AND CASH EQUIVALENTS {A+B+C) Cash and cash eQuivalents at beginning of the vear Cash and cash equivalents at end of the period Cash and cash equivalents from continuing operations Cash and cash equivalents from discontinued operations Cash and cash equivalents from continuing and discontinued operations I Smart solutions. Strong relationships. (f in crores) Six months ended 30.09.2026 30.09.2025 Unaudited Unaudited 24.90 12.29 - 3000.00 - (22.93) - 38.29 13.99 - (0.04) (0.04) (25.79) (12.21) f0.74} (1 .73) 12.32 3013.67 23.78 I (219.21) 301.38 410.12 325.16 190.91 324.44 190.25 0.72 0.66 325.16 190.91 • murugappa 516
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CG Power and Industrial Solutions limited Registered Office: One Unity Center, Unit Nos. 1504-1508, Senapati Bapat Marg, Prabhadevi, Mumbai 400 013, India T: +91 22 3120 7700 W: www.cgglobal.com E: investorservices@cgglobal.com Corporate Identity Number: L99999MH1937PLC002641 Notes: Smart solutions. Strong relationships. 1. The above unaudited consolidated financial results have been reviewed by the Audit Committee and approved by the Board of Directors of CG Power and Industrial Solutions Limited ('the Holding Company') at their respective meetings held on October 23, 2026. The statutory auditors have conducted a limited review of these consolidated financial results. 2. The consolidated financial results include the financial results of the Holding Company, its subsidiaries (together the 'Group') and its associate. 3. During the current quarter, the Company, through its wholly owned subsidiary Axiro Semiconductor Private Limited, acquired 100% of the equity share capital of Tosil Systems Private Limited ('Tosi I') for a total consideration of ~ 16.44 crores. Consequently, Tosil has become a wholly owned step-down subsidiary of the Company with effect from August 20, 2026. Tosil provides engineering design services specializing in Very Large-Scale Integration (VLSI) design and embedded systems for the semiconductor, automotive, industrial and communications sectors. The fair value of assets and liabilities acquired have been determined provisionally in accordance with Ind AS 103 - Business Combinations and the resultant goodwill arising on the acquisition has been recognized in the consolidated financial results. 4. During the previous financial year, the Holding Company has raised ~ 3,000.00 crores through Qualified Institutions Placement (QIP). Out of the funds raised, ~ 660.39 crores have been utilised towards the objects stated in the Placement Document up to September 30, 2026. The unutilised funds as at September 30, 2026 have been temporarily invested in fixed deposits and mutual fund, and balance kept in monitoring account. 5. The Holding Company is involved in certain ongoing direct tax litigations which are pending before various forums. Based on prevailing jurisprudence, past rulings and legal opinions obtained by the Holding Company, management is confident of the Holding Company's success and favourable outcome in these matters. Place: Mumbai Date: October 23, 2026 For CG Power and lndustri By ~ murugappa 616
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CG Power and Industrial Solutions Limited Registered Office: ONE UNITY CENTER, Unit Nos. 1504-1508, Senapati Bapat Marg, Prabhadevi, Mumbai - 400013, India T: +91223120 7777 W: www.cgglobal.com Corporate Identity Number: L99999MH1937PLC002641 Annexure II Particulars Mr. Rajat Shah Smart solutions. Strong relationships. Mr. Rushikesh Kulkarni Reason for change Designated as Senior Management Designated as Senior Management viz. Appointment, Re- Personnel of the Company Personnel of the Company appointment, Resignation, Removal, Death or Otherwise Date of Appointment/ Re-appointment/ Cessation (as applicable) and Term of Appointment/ Re appointment Brief Profile (In case of appointment) 23rd October 2026 Mr. Rajat Shah Rajat holds an MBA in Strategy and Finance from the University of Michigan, an MS in Mechanical Engineering from the University of Illinois, and a B.Tech in Mechanical Engineering from IIT Guwahati. Rajat brings over 26 years of global leadership experience across services, digital transformation, engineering, product development, and business management. Most recently, he served as Vice President - Services at Tetra Pak AB, Sweden, where he led an international team to deploy digital services solutions across global markets. His career spans leadership roles with Tetra Pak, Ingersoll Rand, Subros, Behr and General Motors across Europe, Asia, and North America. Disclosure of Not Applicable relationships between Directors (In Case of appointment of a Director) ***** 23rd October 2026 Mr. Rushikesh is a global technology and engineering leader and brings over 20+ years of experience at GIC, Eaton, Whirlpool, Honeywell, and Bosch across industrial automation, consumer electronics, embedded systems, connected products, and digital transformation. An innovation champion with 30+ patents and disclosures, he has successfully led product development, value engineering, and large-scale capability building. He is the author of The Psychology of Cost Leadership and recipient of the Indian Achievers Award 2024 and CII DigiAI Award 2024 for Al/ML driven manufacturing innovation. An alumnus of BITS Pilani and Symbiosis, Rushikesh is known for people-centric leadership, having scaled engineering organizations by 600% while building high performance, collaborative teams and leadership pipelines. Not Applicable
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CG Power and Industrial Solutions Limited Registered Office: ONE UNITY CENTER, Unit Nos. 1504-1508, Senapati Bapat Marg, Prabhadevi, Mumbai - 400013, India T: +91 22 3120 7777 W: www.cgglobal.com Corporate Identity Number: L99999MH1937PLC002641 c; Smart solutions. Strong relationships. Annexure Ill T3 - Division Sr. ParUc·ulars Desc~iption No. 1 existing capacity 65,000 MVA 2 existing capacity utilization 85% 3 proposed capacity addition 10,000 MVA 4 period within which the proposed capacity is to 12-15 months be added 5 investment made , 68 Crs. 6 mode of financing Internal accruals/through equity 7 rationale As per point 3 of the covering letter Annexure IV 51 Unit (OIP) No. Particulars Description 1. existing capacity 7200 Eq Units 2 existing capacity utilization 94% 3 proposed capacity addition 4236 Eq Units 4 period within which the proposed 30-36 months capacity is to be added 5 investment made , 300 Crs. 6 mode of financing Internal accruals/through Equity/QIP funds 7 rationale As per point 4 of the covering letter
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CG Power and Industrial Solutions Limited Registered Office: ONE UNITY CENTER, Unit Nos. 1504-1508, Senapati Bapat Marg, Prabhadevi, Mumbai - 400013, India T: +91 22 3120 7777 W: www.cgglobal.com Corporate Identity Number: L99999MH 1937PLC002641 Annexure V S3 Unit-II No. Particulars Description 1. existing capacity 7200 units (annually) 2 existing capacity utilization 83% 3 proposed capacity addition 3600 Units (annually) period within which the 4 proposed capacity is to be 6-9 months added 5 investment made t 15.31 Crs. Smart solutions. Strong relationships. 6 mode of financing Internal accruals/through Equity/QIP funds 7 rationale As per point 4 of the covering letter Annexure VI GIS Division No. Particulars Description 1. existing capacity 228 Eq Bays (FY26) 2 existing capacity utilization 84% (FY 26) 3 proposed capacity addition 240 Eq Bays period within which the proposed Within 3-6 months 4 capacity is to be added 5 investment made t 9.45 Crs. 6 mode of financing Internal accruals/through Equity/QIP funds 7 rationale As per point 4 of the covering letter