CG Power and Industrial Solutions President Ajay Jain resigns
CG Power and Industrial Solutions (CGPOWER) said Ajay Jain, President, has resigned; and Ajay has ceased. The company is valued at about ₹1.35 lakh crore.
What happened
In a filing with the BSE on 30 September 2026 at 09:28 PM, CG Power and Industrial Solutions (CGPOWER) said that Ajay Jain, President, has resigned; and Ajay has ceased.
From the filing: "Ajay Jain, Vice President - Transformer Business of the Company has tendered his resignation from the services of the Company effective from the close of business hours on 30 th September 2026, due to personal reasons."
Company snapshot
CG Power and Industrial Solutions is a large-cap company in the Capital Goods sector, with a market value of about ₹1.35 lakh crore.
The stock last traded at ₹854.2, against a 52-week range of ₹525.5–₹980.9 (12.9% below the high).
Before this filing the shares had moved −2.7% over the month and −11.4% over three months. Average daily turnover over the last 20 sessions was about ₹202 crore.
Promoters held 56.36% at the end of Q1 FY27. Foreign institutions owned 11.97% and domestic institutions 18.30%.
| Quarter | Revenue | Net profit | EPS (₹) |
|---|---|---|---|
| Q1 FY26 | 2,878 | 269.2 | 1.76 |
| Q2 FY26 | 5,801 | 44.6 | 3.58 |
| Q3 FY26 | 3,175 | 284.8 | 1.81 |
| Q4 FY26 | 3,442 | 365.5 | 2.32 |
| Q1 FY27 | 3,281 | 304.4 | 1.99 |
What history shows
BCEIE's records show 3 previous management change filings from the company since May 2026.
After those filings, the stock fell 2.3% on average the next trading day and was down 2.0% on average after five days (3 filings with price data).
Across 213 similar disclosures by other Capital Goods companies, shares moved +0.2% on average the next day and +0.5% over five days; 52% of them rose the next day.
Market-wide, 3,837 management change filings with an impact score of 50 or more saw an average next-day move of −0.1%, with 44% rising.
Past reactions describe what happened before; they are not a forecast.
| Date | Filing | Next day | 5 days |
|---|---|---|---|
| 1 Sept 2026 | Management change | −4.2% | −0.6% |
| 19 Aug 2026 | Appointment of M/s. Price Waterhouse Chartered Accountants LLP as… | −2.0% | −3.3% |
| 24 Jul 2026 | Management change | −0.7% | −2.3% |
What to watch
- The appointment of a successor and any change in strategy or guidance.
In the news
Recent coverage elsewhere (links open the original publisher):
- CG Power Share Price today: price rise, valuation, peers
- CG Power Rolls Out First Power Transformer from New Sehore Manufacturing Facility
- CG Power schedules analyst meet with Macquarie Capital on Sep 24
- CG Power Share Price News: Gain, Fundamentals and Sector
- CG Power CGPOWER ESOP 2021 Share Allotment September 2026
Source
Automatically written from the exchange filing and BCEIE data. Not investment advice. Check the original filing before acting on it.