CG Power and Industrial Solutions Limited — Important, 24-12-2024: Updates

Axiro Semiconductor Private Limited, a wholly-owned subsidiary of CG Power and Industrial Solutions Limited, has established a new wholly-owned subsidiary named Axiro Semiconductor Inc. in Delaware, USA. This strategic move follows the company’s planned acquisition and aims to strengthen its operational footprint in the US market. The establishment of Axiro Semiconductor Inc. is expected to enhance CG Power's capabilities and market presence internationally. Investors should regard this development as a potential growth opportunity, signaling the company's commitment to expanding its global operations.