Date: 20th August 2026
Disinvestment / Strategic Actions
Axiro Semiconductor Private Limited, a Wholly Owned Subsidiary of CG Power and Industrial Solutions Limited, has completed the acquisition of 100% shareholding in Tosil Systems Private Limited.
- Acquisition completed on 20th August 2026
- 5,00,000 equity shares acquired with face value of ₹10 each
- Total consideration: ₹16.44 Crores
- Represents 100% of the subscribed and paid-up equity share capital of Tosil
- Tosil has become a Wholly Owned Subsidiary of Axiro under Section 2(87) of the Companies Act, 2013
- Follows previous disclosure (Ref. No. COSEC/077/2026-27) dated 17th August 2026 regarding execution of Definitive Agreement (Securities Purchase Agreement)
Other Sections
Not Specified: KMP / Board / Auditor Changes, Dividend Declaration, Board Meeting Outcomes, Financial Results, Auditor's Report, Media Release / Investor Communication