CG Power appoints Price Waterhouse as statutory auditor
CG Power & Industrial Solutions Limited appointed M/s. Price Waterhouse Chartered Accountants LLP as statutory auditors on August 19, 2026, replacing S R B C & CO LLP. The term lasts until the 90th AGM in 2027, pending member approval as per the Companies Act, 2013.
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CG Power & Industrial Solutions has appointed M/s. Price Waterhouse Chartered Accountants LLP as its statutory auditors, effective August 19, 2026. The Board of Directors approved the move based on the recommendation of the Audit Committee to fill a casual vacancy created by the resignation of the previous firm, M/s. S R B C & CO LLP.
The new appointment remains subject to the approval of the company's members at the upcoming Annual General Meeting (AGM). CG Power stated it will seek this approval within the timelines prescribed under the Companies Act, 2013.
Appointment Details
The term for Price Waterhouse Chartered Accountants LLP extends from August 19, 2026, until the conclusion of the company’s 90th AGM, scheduled for 2027. The firm holds Firm Registration Number 012754N/N500016 with the Institute of Chartered Accountants of India.
| Particulars | Details |
|---|---|
| Auditor Name | M/s. Price Waterhouse Chartered Accountants LLP |
| Effective Date | August 19, 2026 |
| Term End | Conclusion of 90th AGM (2027) |
| Reason | Casual vacancy due to resignation of S R B C & CO LLP |
Auditor Profile
Price Waterhouse Chartered Accountants LLP was established in 1991 and converted into a limited liability partnership in 2014. The firm operates from its registered office in New Delhi and maintains 17 branch offices across India. As of April 1, 2026, the firm employed more than 120 Assurance Partners.
The entity is a member firm of Price Waterhouse & Affiliates, a network registered with the Institute of Chartered Accountants of India. The firm primarily provides auditing and assurance services to clients, including various companies listed on Indian stock exchanges, and holds a valid peer review certificate.
Historical Stock Returns for CG Power & Industrial Solutions
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -3.48% | -2.04% | -5.41% | +21.46% | +28.98% | +955.07% |
What were the specific reasons behind the resignation of the previous auditor, S R B C & CO LLP, and does this indicate any underlying governance or compliance concerns?
How might the transition to a larger audit firm like Price Waterhouse impact CG Power's annual audit costs and operational timelines?
Will the appointment of a new statutory auditor influence investor confidence or credit rating assessments for CG Power in the short term?
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