CG Power sells 51% stake in Indonesian arm for IDR 1; no financial impact

• CG Power and Industrial Solutions to sell 51% equity stake in its Indonesian arm, PT Crompton Prima Switchgear Indonesia (CPSI).
• The stake is being sold to its joint venture partner, PT Prima Layanan Nasional Enjiniring (PLNE), for IDR 1 (One Indonesian Rupiah).
• Upon completion, CPSI will cease to be a subsidiary of CG Power; no adverse financial impact is expected on financial statements.
• The transaction is expected to be completed by March 31, 2026.
• Factory assets of CPSI were previously sold to PLNE on February 25, 2026.