CG Power Approves Interim Dividend, Reappoints Director, and Reclassifies Promoter
CG Power declared an interim dividend of ₹1.30 per share for FY25-26, with a record date of Feb 1, 2026. Mr. Sriram Sivaram was re-appointed as Non-Executive Independent Director for 5 years from June 11, 2026. The company also approved the reclassification of Algavista Greentech Private Limited from promoter to public category.
The declaration of an interim dividend and the re-appointment of a director are significant events. The reclassification of a promoter group entity also has implications for the company's shareholding structure.
The approval of an interim dividend and the re-appointment of an independent director are positive developments for the company and its shareholders.
CG Power and Industrial Solutions Limited announced the outcome of its Board Meeting held on January 27, 2026. The Board approved the unaudited financial results for the third quarter and nine months ended December 31, 2025, on both standalone and consolidated bases. The company declared an interim dividend of ₹1.30 per equity share (65%) for the Financial Year 2025-26, with a record date of February 1, 2026.
Furthermore, Mr. Sriram Sivaram was re-appointed as a Non-Executive Independent Director for a second term of five years, from June 11, 2026, to June 10, 2031, subject to shareholder approval. The Board also approved the reclassification of M/s. Algavista Greentech Private Limited from the Promoter/Promoter Group category to the Public category, which is subject to stock exchange no-objection.
The financial results for the quarter ended December 31, 2025, showed a profit after tax of ₹311.65 crore on a standalone basis and ₹283.91 crore on a consolidated basis. An exceptional item of ₹35.57 crore was recognized due to the impact of the New Labour Codes on gratuity and leave liability. The Board meeting commenced at 11:45 a.m. and concluded at 02:25 p.m. IST.
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CG Power and Industrial Solutions Limited filed this with the NSE as a statutory disclosure, categorised under quarterly results. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by CG Power and Industrial Solutions Limited. Read the original for the full detail.