CG Power appoints Price Waterhouse as new statutory auditor

Management Changes View source PDF Explain this filing

CGPOWER · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

-3.5%Reaction day

₹894.20

prior close

₹862.05

announcement price

In-mkt

timing

Nifty 100market-0.4%-3.1% vs market

Heavy Electrical Equipment peers, median of 33sector-1.6%-1.9% vs sector

On the reaction day the stock moved 3.1 pts less than Nifty 100 and 1.9 pts less than its Heavy Electrical Equipment peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

-0.1

10m

-0.1

15m

-0.1

30m

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Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-3.5-0.4-3.1-1.6-1.9

Next day

-2.0+0.2-2.2-1.1-0.9

-3.0+0.2-3.3-1.1-1.9

-1.9+0.1-2.0-1.0-0.9

-1.8+0.7-2.4-1.6-0.1

-2.9+0.2-3.1-1.5-1.3

-0.8+0.0-0.8-0.9+0.2

15d

+3.7-2.8+6.5-1.9+5.6

+1.6-3.1+4.7-2.7+4.3

-4.4-5.7+1.3-6.6+2.3

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UpDownMarket · Nifty 100Sector · Heavy Electrical Equipment peers, median of 33Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

CG Power board approved Price Waterhouse Chartered Accountants LLP as new statutory auditor from August 19, 2026 until the 90th AGM in 2027. This fills the casual vacancy after previous auditor S R B C and CO LLP stepped down on August 14, 2026. Appointment needs shareholder approval.

Likely market impact

Midterm auditor change may raise governance questions, but Price Waterhouse is a reputed firm. Await shareholder approval outcome.