Shareholders Agree to Change the Name of Crompton Greaves
Crompton Greaves said it has received shareholders' approval for changing the company's name to CG Power and Industrial Solutions Ltd. "The members of the company have with requisite majority, approved change of company name from Crompton Greaves Ltd to CG Power and Industrial Solutions Ltd vide Postal Ballot Voting (physical and electronic voting," the company said in a filing to BSE Crompton Greaves had earlier sought shareholders' approval through postal and electronic voting for changing the company's name. Crompton Greaves Ltd was incorporated on 28 April 1937, as 'Crompton Parkinson Works Private Ltd under the Companies Act, 1913. The company became a public company on 28 December 1960 and changed its name to 'Crompton Parkinson Works Ltd'. Subsequently, on 2 August 1966, the name of the company was changed to 'Crompton Greaves Ltd'.
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