CG Power & Industrial Solutions appointed Samit Khanna as Vice President - Consumer Products effective September 1, 2026. The company disclosed the senior management appointment under Regulation 30 of the SEBI Listing Regulations.

Khanna brings over 18 years of leadership experience across consumer, retail, digital platforms, private equity, and management consulting sectors.

Executive Profile

The appointee has held leadership roles at Disney+ Hotstar and Yum!Brands, alongside entrepreneurial ventures. His expertise covers business scaling, P&L leadership, sales and commercial transformation, omnichannel distribution, and brand building.

Key areas of experience include:

• Sales and commercial transformation
• Omnichannel distribution and channel development
• Brand building and consumer engagement
• Innovation and new business incubation
• Large-scale team leadership

The appointment aims to strengthen the company’s consumer products division with seasoned commercial leadership.

CG Power & Industrial Solutions has initiated a postal ballot process to appoint Price Waterhouse Chartered Accountants LLP as its statutory auditors. The move aims to fill the casual vacancy created by the resignation of M/s. SRBC & CO LLP, Chartered Accountants.

The Board of Directors approved the appointment on August 19, 2026, based on the recommendation of the Audit Committee. The new auditors will hold office from August 19, 2026, until the conclusion of the company’s 90th Annual General Meeting in 2027.

Auditor Transition Details

SRBC & CO LLP resigned effective August 14, 2026, following the rotation of auditors at the holding company, Tube Investments of India Limited. TII’s existing auditors, S.R. Batliboi & Associates LLP, demitted office after completing their ten-year tenure.

CG Power stated that aligning its statutory auditors with those affiliated to the same network as TII’s appointed firm would enable better coordination. This alignment is intended to bring efficiency and synergy to the audit process, given that CG Power and its subsidiaries constitute more than 50% of the holding company’s consolidated financial statements.

Remuneration and Terms

The annual remuneration for Price Waterhouse Chartered Accountants LLP is set at ₹1.58 crore, excluding taxes and out-of-pocket expenses. This fee represents a 7% increase compared to the fees paid to the outgoing auditors for the last two financial years.

Voting Process

Shareholders holding shares as on August 21, 2026, are eligible to vote via remote e-voting. The voting period commences on August 27, 2026, at 9:00 am and concludes on September 25, 2026, at 5:00 pm. The results will be announced by September 29, 2026.

Price Waterhouse Chartered Accountants LLP confirmed it holds a valid peer review certificate from the Institute of Chartered Accountants of India and is not disqualified for appointment under the Companies Act, 2013.