CG Power Appoints Price Waterhouse Chartered Accountants LLP as Statutory Auditors
CG Power and Industrial Solutions Limited has appointed Price Waterhouse Chartered Accountants LLP as its new Statutory Auditors. The appointment fills a casual vacancy and is effective from August 19, 2026, until the 90th AGM in 2027. This decision follows the resignation of the previous auditors, S R B C & CO LLP.
The appointment of statutory auditors is a standard governance procedure. While important for compliance, it typically does not have a direct, immediate financial or operational impact on the company's core business unless specific issues arise with the new auditor or the previous one.
The appointment of a new auditor is a routine corporate action to fill a vacancy and does not inherently signal positive or negative performance for the company. It is a procedural change.
CG Power and Industrial Solutions Limited announced the appointment of M/s. Price Waterhouse Chartered Accountants LLP as the new Statutory Auditors of the company. This appointment is effective from August 19, 2026, and will continue until the conclusion of the 90th Annual General Meeting (AGM) to be held in 2027.
The appointment is to fill a casual vacancy that arose due to the resignation of the erstwhile Statutory Auditors, M/s. S R B C & CO LLP. The decision was made based on the recommendation of the Audit Committee and is subject to the approval of the company's members. The company will seek this approval in due course, in accordance with the Companies Act, 2013.
Price Waterhouse Chartered Accountants LLP, established in 1991 and converted to an LLP in 2014, has its registered office in New Delhi and seventeen branch offices across India. The firm specializes in auditing and assurance services and has a valid peer review certificate, auditing numerous companies listed on Indian stock exchanges. The company previously informed about the resignation of M/s. S R B C & CO LLP on August 14, 2026.
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CG Power and Industrial Solutions Limited filed this with the NSE as a statutory disclosure, categorised under auditor changes. It is a primary document, not a recommendation, and the desk marks it low impact, the band that almost never moves a portfolio on its own.
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See the model portfoliosA plain-language summary of a public exchange filing by CG Power and Industrial Solutions Limited. Read the original for the full detail.