CG Power and Industrial Solutions Limited Appoints New Statutory Auditors After Auditor Change
CG Power and Industrial Solutions Limited has appointed M/s Price Waterhouse Chartered Accountants LLP as the new Statutory Auditors of the company. The appointment follows a casual vacancy that arose due to the stepping down of the previous auditors, M/s S R B C & CO LLP.The Board of the Company approved the appointment of M/s Price Waterhouse Chartered Accountants LLP after recommendations from the Audit Committee. The new firm will serve as Statutory Auditors effective from August 19, 2026.
M/s Price Waterhouse Chartered Accountants LLP is expected to hold the position until the conclusion of the 90th Annual General Meeting (AGM), which is slated to be held in the year 2027.
The appointment details and background information regarding the newly appointed firm have been summarized below:
| Particulars | Details |
|---|---|
| New Auditor | M/s Price Waterhouse Chartered Accountants LLP, Chartered Accountants (Firm Registration Number 012754N/N500016) |
| Reason for Change | Appointment to fill a casual vacancy due to the stepping down of M/s S R B C & CO LLP, the erstwhile Statutory Auditors. |
| Term of Appointment | From August 19, 2026, until the conclusion of the 90th AGM in 2027. |
Profile of Price Waterhouse Chartered Accountants LLP
M/s Price Waterhouse Chartered Accountants LLP is a firm of Chartered Accountants registered with the Institute of Chartered Accountants of India. The Firm was established in 1991 and converted into a limited liability partnership in 2014. It maintains a presence through seventeen branch offices across various cities in India.The firm specializes in providing auditing and other assurance services to its clients. As part of Price Waterhouse & Affiliates, the LLP is one of several independent Indian Chartered Accountant firms registered with the Institute of Chartered Accountants of India.
As of April 1, 2026, the Firm has more than 120 Assurance Partners. It possesses a valid peer review certificate and audits various companies listed on stock exchanges in India.
CGPOWER Stock Price Movement
Shares of CG Power and Industrial Solutions Limited tumbled today, closing at ₹863.05 after shedding 3.48% of its value. The stock traded within a defined session range, hitting a daily low of ₹860.2 against an opening price of ₹885.85.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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