CG Power and Industrial Solutions Limited has informed the Exchange about change in Management
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CG Power has informed exchanges about a change in its senior management within the Switchgear business. Mr. Mukul Srivastava, President-Switchgear, completed the handover of the Switchgear business to Mr. Gaurav Makhija, who was earlier appointed as Vice President (Designate) – Switchgear & EPD on 3rd March 2025. Effective 22nd May 2025, Mr. Gaurav Makhija has been formally re-designated as Vice President – Switchgear & EPD. This is part of a planned succession that was first disclosed in March 2025, and his role moves from 'designate' to a confirmed position. No details on Mr. Srivastava's next role or departure have been shared in this filing.
This is a routine internal succession move and not a top leadership change, so the direct impact on shareholders or stock price is minimal. Investors may view the smooth handover as a sign of good succession planning in a key business vertical.