NSE: CGPOWER · 7 October 2026
- CG Power and Industrial Solutions Ltd shares declined 1.92% on Tuesday, closing at ₹894.50 after moving between an intraday high of ₹912.55 and a low of ₹890.20.
- CG Power and Industrial Solutions Limited informed the exchanges that Mr. Ajay Jain, Vice President of the Transformer Business, resigned from the company effective September 30, 2026, citing personal and family obligations. The company noted that he ceases to be part of the senior management personnel from that date.
- Trading volume was 0.86 times the 20-day average daily volume.
Why is Cg Power And Ind Sol share price falling on 7 October 2026?
CG Power and Industrial Solutions Ltd shares declined 1.92% on Tuesday, closing at ₹894.50 after moving between an intraday high of ₹912.55 and a low of ₹890.20.
The broader market also faced downward pressure, with the Nifty falling 0.76%. The stock's modest pullback comes after a positive return of 4.72% over the preceding 5 trading days, indicating some profit-taking following recent short-term gains.
On the corporate front, the company recently reported developments including the resignation of Ajay Jain as Vice President of the Transformer Business effective September 30, 2026, and an updated income tax stay order received on September 7, 2026, requiring a deposit of 20% of the disputed demand. However, these management and regulatory updates are provided as context and are not explicitly linked to today's price movement.
18.13 lakh shares traded by 7 October 2026 · 03:10 PM IST. This compares with a 20-day average daily volume of 21.15 lakh shares (0.86 times). The five-day average daily volume was 21.74 lakh shares. Separately, the NSE report for 6 October 2026 showed 12.17 lakh shares delivered, representing 47.89% of that day’s traded volume. The same report recorded 49,204 trades.
The stock declined 1.92% on moderate volume following a positive 5-day return of 4.72%, pointing towards routine consolidation and profit-taking in the absence of any direct same-day operational catalyst.
Latest Company Developments
CG Power and Industrial Solutions Limited informed the exchanges that Mr. Ajay Jain, Vice President of the Transformer Business, resigned from the company effective September 30, 2026, citing personal and family obligations. The company noted that he ceases to be part of the senior management personnel from that date.
Changes in key vertical leadership can impact execution visibility within core manufacturing segments like transformers.
The company received an updated stay order from the Income Tax Department regarding a revised tax demand of ₹2,15,59,04,546 for Assessment Year 2022-23. A stay has been granted pending appeal before the CIT(A), subject to the payment of 20% of the total tax demand, including ₹30 crores payable in installments.
Provides clarity on conditional tax relief and structured cash outflow obligations pending the final disposal of the tax appeal.
The company submitted the scrutinizer's report confirming that shareholders successfully approved the ordinary resolution for appointing M/s. Price Waterhouse Chartered Accountants LLP as statutory auditors to fill a casual vacancy. E-voting concluded on September 25, 2026, with overwhelming majority support.
Resolves statutory audit arrangements following previous auditor changes.
CG Power and Industrial Solutions Limited has submitted the Exchange a copy Srutinizers report of Postal Ballot. Further, the company has informed the Exchange regarding voting results.
a press release dated September 04, 2026, titled "CG strengthens India s power infrastructure manufacturing capabilities with the roll out of first transformer from India s largest transformer manufacturing facility at Sehore, Madhya Pradesh ".
Ownership & Transaction Activity
Mutual Fund Holdings
Mutual funds held 9.93% on 30 June 2026. This compares with 9.45% on 31 March 2026, a change of +0.48 percentage points.
The filing reported 42 MF/UTI holders.
What to Watch Next
- Execution progress and revenue realization from the newly rolled-out Sehore transformer manufacturing facility
- Developments regarding the ongoing income tax appeal before the CIT(A) and scheduled installment payments
- Subsequent senior management transition updates for the transformer business vertical
- Delivery volume trends and cash participation relative to the 20-day average volume
Other Dated Coverage
- Why CG Power Shares Are Rising 3.37% Today | 6 October 2026 — 6 October 2026
- Why CG Power Shares Are Rising 2.90% Today Amid High Volume | 1 October 2026 — 1 October 2026
More Cg Power And Ind Sol news and dated analysis →
Frequently Asked Questions
What is the latest Cg Power And Ind Sol company news?
CG Power and Industrial Solutions Limited informed the exchanges that Mr. Ajay Jain, Vice President of the Transformer Business, resigned from the company effective September 30, 2026, citing personal and family obligations. The company noted that he ceases to be part of the senior management personnel from that date.
How strong was Cg Power And Ind Sol’s trading volume?
18.13 lakh shares traded, 0.86 times the 20-day average daily volume. The price and volume data are dated 7 October 2026 · 03:10 PM IST.
Do the mutual-fund figures show buying today?
They show holdings on 30 June 2026. Quarterly holdings do not identify purchases made on the article date.
Research & analysis: WittyTrades Research Desk
Reviewed by: Mohanish Sanghavi — SEBI Registered Research Analyst
Disclaimer: Investments in securities markets are subject to market risks. Registration with SEBI and NISM certification do not guarantee performance or returns. This article is for information and education, not personalised investment advice or a recommendation to buy, sell or hold.