CG Power and Industrial Solutions Limited has informed the Exchange about Rumour Verification - Regulation 30(11)

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Price reactionminutes from the announcement price · days from the prior close

+1.9%Reaction day

₹682.00

prior close

₹682.50

announcement price

After-mkt

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Nifty 100market · index membership as recorded later (tracked since Jun 2026)+0.5%+1.4% vs market

Heavy Electrical Equipment peers, median of 26sector+1.0%+0.9% vs sector

On the reaction day the stock moved 1.4 pts more than Nifty 100 and 0.9 pts more than its Heavy Electrical Equipment peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

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15m

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30m

+1.3

Sessions after the filingfrom the prior close

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Reaction day

+1.9+0.5+1.4+1.0+0.9

Next day

+1.1+0.6+0.5+0.9+0.2

+2.0+0.7+1.4+1.0+1.1

-1.2-0.5-0.7-0.5-0.7

-1.2-1.2-0.0-1.3+0.1

+0.1-0.3+0.4-0.8+0.9

+0.0-0.9+0.9-1.7+1.7

15d

-0.1+2.0-2.1+0.8-0.9

-1.5+1.7-3.2+0.3-1.8

-2.9-1.8-1.1-6.4+3.5

+8.5-0.6+9.1-5.4+14.0

UpDownMarket · Nifty 100Sector · Heavy Electrical Equipment peers, median of 26Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

CG Power issued a clarification under SEBI Regulation 30(11) in response to an Economic Times article suggesting that financial turmoil at Wolfspeed could affect CG Power's chip venture. The company confirmed with JV partner Renesas Electronics that the article is not based on any official Renesas statement and contains several inaccuracies. Renesas affirmed its full commitment to the CG Semi OSAT joint venture (with Stars Microelectronics), stating the Wolfspeed situation will have no impact on CG Semi's production, operations, or relationships. India remains a key focus market for Renesas under the 'Make in India' initiative, and no global supply chain disruptions are anticipated.

Likely market impact

This is a positive clarification that addresses and refutes negative media speculation, likely to reassure investors about the stability of CG Power's semiconductor JV plans and remove overhang from the stock caused by the Wolfspeed-related news.