CG Power and Industrial Solutions Limited — Others, 18-12-2024: Shareholders meeting

CG Power and Industrial Solutions Limited has announced the results of its recent Postal Ballot, where shareholders approved a special resolution to raise capital via a qualified institutional placement. The resolution garnered overwhelming support, with 99.99% of votes in favor from a total of 1.52 crore shares. This successful capital raise positions the company to enhance its financial flexibility and pursue growth opportunities. Investors may view this unanimous endorsement as a positive outlook for the company's strategic direction and potential future performance. The voting details will be accessible on the company's website for further review.