Nifty Shariah 25

With reference to its disclosure having Ref. No. COSEC/077/2026-27 dated 17th August 2026 regarding the execution of Definitive Agreement i.e., Securities Purchase Agreement by Axiro Semiconductor, Wholly Owned Subsidiary of the company for the acquisition of 100% of the shareholding in Tosil Systems (‘Tosil’) for a consideration of Rs. 16.44 Crores. Further to the above, CG Power and Industrial Solutions has informed that Axiro has completed the acquisition today of 5,00,000 equity shares of the face value of Rs.10/- each, representing 100% of the subscribed and paid-up equity share capital of Tosil. Consequently, Tosil has become a Wholly Owned Subsidiary of Axiro under Section 2(87) of the Companies Act, 2013.

The above information is a part of company’s filings submitted to BSE. 

CG Power and Industrial Solutions has informed that the wholly owned subsidiary of the company, Axiro Semiconductor has today (17th August 2026) entered into a Definitive Agreement i.e., Securities Purchase Agreement for the acquisition of 100% (one hundred percent) of the shareholding in Tosil Systems (‘Tosil’) for a consideration of Rs. 16.44 Crores. Tosil is an established company engaged in the business of providing semiconductor and embedded engineering services company providing silicon design, verification and physical implementation, embedded software and Linux BSP development, and Edge AI engineering services to global semiconductor and electronics OEMs. The acquisition is subject to satisfactory completion of conditions precedent as contained in the aforesaid definitive agreement entered into. Further details are in the annexed statement of disclosure furnished pursuant to Regulation 30 of the SEBI Listing Regulations.