Sub: Allotment of 19,760 equity shares under Employee Stock Option Plan 2021 of the Company ("ESOP 2021").
We wish to inform you that pursuant to ESOP 2021, the Company has on 22nd December, 2022 allotted 19,760 equity shares of Rs. 2/- each, fully paid up, at an Exercise Price of Rs. 156.20 to the eligible employee under ESOP 2021 on exercise of the stock options granted. These shares shall rank pari-passu with the existing equity shares of the Company in all respects.
Consequently on allotment of the above shares, the paid-up share capital of the Company stands increased Rs. 3,05,41,53,348 to Rs.3,05,41,92,868 comprising of 1,52,70,96,434 equity shares of face value of Rs. 2/- each.
Request you to kindly take the above information on record.
Thanking you
Yours faithfully,
For CG Power and Industrial Solutions Limited
PURUSHOTHAM AN VARADARAJAN
Digitally signed by
PURUSHOTHAMAN VARADARAJAN
Date: 2022.12.22 18:59:12 +05'30'
Varadarajan Company Secretary
Attachments
Original Link
Original Document
Permalink
Disclaimer
CG Power and Industrial Solutions Limited published this content on 22 December 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 22 December 2022 18:04:43 UTC.
CG Power and Industrial Solutions Limited is an India-based company, which is engaged in providing end-to-end solutions to utilities, industries and consumers for the management and application of electrical energy. The Company's segments include Power Systems and Industrial Systems. The Power Systems segment is engaged in the manufacturing of electric equipment for the power and industrial sector and manufactures and sells products such as transformers and reactors, switchgear products and also offers turnkey solutions in power distribution and generation. The Industrial Systems segment is engaged in the manufacturing and sale of power conversion equipment which includes a wide spectrum for all industrial applications of medium and low voltage rotating machines, drives and stampings for all industrial applications, equipment and solutions to Indian railways for rolling stock, traction machines, railway propulsion control equipment, coach panels and signaling equipment.
CG POWER AND INDUSTRIAL SOLUTIONS LIMITED 
