We wish to inform you that the Board of Directors of CG Power and Industrial Solutions Limited ('the Company') at its meeting held on February 12, 2019 have considered and in-principally approved the proposal of initiating process for merger/amalgamation of CG Power Solutions Limited ('CGPSOL'), a wholly owned subsidiary of the Company with the Company, subject to the finalisation of necessary terms and conditions of such merger/amalgamation including finalisation of the scheme and subject to requisite approvals as may be required by the Company and CGPSOL in this regard. The details as required pursuant to Regulation 30 of Listing Regulations in relation to the above proposal will be provided once the final proposal is approved by the Board of Directors of the Company. We would appreciate if you could take the same on record. In furtherance to our communication dated February 14, 2019, we wish to inform you that the Board of Directors of the Company at its meeting held today i.e. on Friday, March 8, 2019, inter alia, have considered and approved the Scheme of Amalgamation ('Scheme') pursuant to Sections 230 to 232 and other applicable provisions of the Companies Act, 2013 for the amalgamation of CG Power Solutions Limited ('CGPSOL'), a wholly owned subsidiary company with the Company, subject to the requisite statutory and regulatory approvals. The required information pursuant to Regulation 30 of Listing Regulations is enclosed herewith. Request you to kindly take the above information on record. We refer to our aforesaid communication and wish to inform you that there is an inadvertent typographical error in para 3rd of Point no. 1 of our said communication. Currently it reads as 'Standalone revenue from operations of the Transferor Company for the year ended March 31, 2018 is Rs.5079.41 crore and revenue from operations of the Transferee Company for the year ended March 31, 2018 is Rs. 36.17 crore.' It should instead be read as 'Standalone revenue from operations of the Transferee Company for the year ended March 31, 2018 is Rs.5079.41 crore and revenue from operations of the Transferor Company for the year ended March 31, 2018 is Rs. 36.17 crore. The revised communication incorporating the above corrections is enclosed herewith for taking on record. We request you to replace the enclosed disclosure with the earlier communication vide our captioned letter dated March 8, 2019 reference no. COSEC/130/2019. (As Per BSE Announcement Dated on 08/03/2019) In furtherance to our communications dated February 14, 2019 and March 08, 2019 in relation to the amalgamation of CG Power Solutions Limited ('CGPSOL'), a wholly owned subsidiary company with CG Power and Industrial Solutions Limited (the 'Company') pursuant to Sections 230 to 232 and other applicable provisions of the Companies Act, 2013, we are enclosing herewith the copy of the Scheme of Amalgamation pursuant to Regulation 37(6) of the Listing Regulations for your records. (As Per BSE Announcement Dated On 05/04/2019) Outcome of the Board Meeting held on November 10 & 11, 2019 Approved the withdrawal of the Scheme of Amalgamation (Scheme') filed under Sections 230 to 232 and other applicable provisions of the Companies Act, 2013 pending before the Hon'ble National Company Law Tribunal, Mumbai for the amalgamation of CG Power Solutions Limited (CGPSOL'), a wholly owned subsidiary with the Company , subject to the necessary approvals . This withdrawal of the Scheme is primarily on account of findings of the Phase I Investigation Report (disclosures in relation to which were made by the Company pursuant to its filings dated August 19, 2019) which refers to certain unauthorised/ undisclosed transactions undertaken in CGPS (As Per BSE Announcement Dated 12.11.2019) Further to our letter No. COSEC/149/2019-20 dated November 12, 2019 towards Board's approval to withdraw the Scheme of Amalgamation ('Scheme') filed under Sections 230 to 232 and other applicable provisions of the Companies Act, 2013 for the amalgamation of CG Power Solutions Limited ('CGPSOL'), a wholly owned subsidiary with the Company which was pending before Hon'ble National Company Law Tribunal ('NCLT'), Mumbai Bench. We would like to inform that NCLT has approved the withdrawal of the said Scheme. The copy of the Order of NCLT is awaited. We would appreciate if you could take the same on record. (As Per BSE Announcement Dated 06.12.2019)