Key Takeaways
- • CG Power & Industrial Solutions Limited appointed Price Waterhouse Chartered Accountants LLP as statutory auditor effective August 19, 2026, replacing S R B C & CO LLP following the latter's resignation.
- • The appointment term extends through the company's 90th Annual General Meeting in 2027, subject to member approval under the Companies Act, 2013.
- • Price Waterhouse Chartered Accountants LLP (Firm Registration Number 012754N/N500016) operates from New Delhi with 17 branch offices across India and was established in 1991, converting to limited liability partnership status in 2014.
- • The Board of Directors, acting on Audit Committee recommendation, filled the casual vacancy created by the previous auditor's departure.
Summary
CG Power & Industrial Solutions Limited has formally appointed M/s. Price Waterhouse Chartered Accountants LLP as its new statutory auditor, effective August 19, 2026. The appointment came through Board action based on an Audit Committee recommendation to address a casual vacancy created by the resignation of the incumbent auditor, M/s. S R B C & CO LLP.
The auditor transition represents a standard corporate governance process requiring member approval at the company's upcoming Annual General Meeting. Under Indian corporate law, the appointment remains contingent on shareholder authorization at the 90th AGM scheduled for 2027, with the regulatory timeline governed by the Companies Act, 2013. The tenure of Price Waterhouse extends through the conclusion of that AGM in 2027.
Price Waterhouse Chartered Accountants LLP brings established credentials to the engagement, having been established in 1991 and restructured as a limited liability partnership in 2014. The firm maintains registration number 012754N/N500016 with the Institute of Chartered Accountants of India and operates from its New Delhi headquarters with a network of 17 branch offices across India, providing substantial geographic coverage for audit execution and client servicing.
The appointment reflects routine auditor rotation in Indian public companies and follows standard compliance procedures under Companies Act provisions governing auditor selection and member approval mechanisms.
The auditor transition represents a standard corporate governance process requiring member approval at the company's upcoming Annual General Meeting. Under Indian corporate law, the appointment remains contingent on shareholder authorization at the 90th AGM scheduled for 2027, with the regulatory timeline governed by the Companies Act, 2013. The tenure of Price Waterhouse extends through the conclusion of that AGM in 2027.
Price Waterhouse Chartered Accountants LLP brings established credentials to the engagement, having been established in 1991 and restructured as a limited liability partnership in 2014. The firm maintains registration number 012754N/N500016 with the Institute of Chartered Accountants of India and operates from its New Delhi headquarters with a network of 17 branch offices across India, providing substantial geographic coverage for audit execution and client servicing.
The appointment reflects routine auditor rotation in Indian public companies and follows standard compliance procedures under Companies Act provisions governing auditor selection and member approval mechanisms.
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