CG Power and Industrial Solutions’ board okays liquidation of CG Sales Network Malaysia

CG Power and Industrial Solutions on Thursday said its board has approved a proposal to liquidate its step down subsidiary CG Sales Network Malaysia Sdn Bhd, Malaysia. “Board of Directors of the Company, at its meeting held today i.e. March 25, 2021 have approved the proposal for voluntary liquidation of its step down subsidiary CG Sales Network Malaysia Sdn. Bhd, Malaysia, subject to statutory and regulatory approvals,” it said in a BSE filing.

In another regulatory filing, it said the board has approved the appointment of P Varadarajan as company secretary and compliance officer and key managerial personnel of the company from April 1, 2021.