CG Power and Industrial Solutions Limited has informed the Exchange regarding Cessation of Mr Mukul Srivastava as Other of the company w.e.f. Jun 27, 2025.
CGPOWER · price
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On the reaction day the stock moved 1.4 pts more than Nifty 100 and 0.9 pts more than its Heavy Electrical Equipment peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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CG Power and Industrial Solutions Limited has informed the stock exchanges that Mr. Mukul Srivastava, President of the Switchgear Business, has resigned from the company effective end of business on June 27, 2025. The resignation is due to personal reasons, as stated in his letter dated April 29, 2025, where he had requested to be relieved by May 31, 2025. Mr. Srivastava ceases to be part of the Senior Management Personnel of the company going forward. The disclosure has been made under SEBI Listing Regulations, with his resignation letter attached as Annexure B.
This is a routine senior management exit with no disclosed governance concerns; the company has not indicated any operational disruption, so the near-term impact on shareholders is likely neutral. Investors may watch for succession planning in the switchgear business, which is a key segment for CG Power.