CG Power and Industrial Solutions Limited has informed the Exchange about General Updates
CGPOWER · price
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CG Power and Industrial Solutions Limited has received approval from both NSE and BSE to reclassify Algavista Greentech Private Limited from the 'Promoter and Promoter Group' category to the 'Public Category.' The company had applied for this reclassification on January 30, 2026, and both stock exchanges granted their no-objection letters on March 18, 2026, under Regulation 31A of the SEBI Listing Regulations. As a result, Algavista Greentech will no longer be treated as part of the promoter group going forward. The approval follows earlier communications from the company in December 2025 and January 2026 regarding the reclassification process.
This reclassification will reduce the company's promoter group shareholding and increase the public shareholding (free float) by a corresponding amount, which can be a mild positive for liquidity. For retail investors, it signals that the named entity no longer has promoter-level influence or obligations in the company.