CG Power and Industrial Solutions Ltd - Announcement under Regulation 30 (LODR)-Allotment

Please find enclosed the disclosure pursuant to the approval of the Board of Directors of the Company for issuance of Unlisted, Unsecured, Unrated, Redeemable, Non-Convertible Debentures of the Company of face value of INR 1,00,000/- each aggregating to INR 200,00,00,000, the Finance Committee of the Board of Directors at its meeting held on December 04, 2020 inter alia, approved the allotment of NCDs by way of conversion of an amount not exceeding INR 200,00,00,000 from the Fund Based Facilities as part of the settlement.