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Crompton Greaves may be CG Power & Industrial Solutions

 PTI |  2016-12-24 22:44:23.0  |  New Delhi

Crompton Greaves has sought shareholders' approval through postal and electronic voting for changing the company's name to CG Power and Industrial Solutions Ltd.

The company has proposed a special resolution to approve the change of name from Crompton Greaves to CG Power and Industrial Solutions, it said in a BSE filing on Friday.

According to the statement, the e-Voting period will commence from 9 AM (IST) on December 26, 2016 and end at 5 PM on January 24, 2017.

It said the postal ballot form must reach the scrutiniser not later than 5 PM (IST) on January 24, 2017. Crompton Greaves Ltd was incorporated on April 28, 1937, as "Crompton Parkinson Works Private Ltd" under the Companies Act, 1913. The company became a public company on December 28, 1960 and changed its name to "Crompton Parkinson Works Ltd".

Subsequently, on August 2 1966, the name of the company was changed to "Crompton Greaves Ltd". Presently, the company is operating in a fully integrated B2B segment comprising of Power Transmission and Distribution Business and Industrial Business.

The products of the B2B segment of the company have been marketed under its registered trade mark "CG" globally while the consumer products under the erstwhile B2C segment were manufactured and marketed as "Crompton" or "Crompton Greaves".

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