Announced Fri, 24 Jul · 14:52 IST
Statutory auditor SRBC resigns effective August 14, 2026
CGPOWER · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
-0.7%1-day move
₹883.50
prior close
₹846.35
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+1.4+1.5+1.2+4.1-0.7—————————
Up moveDown movePending
AI summary
Auditor SRBC and Co LLP has communicated its intent to resign as statutory auditors of CG Power effective August 14, 2026. The reason is to align CG Power's auditors with the same network as its Holding Company, Tube Investments of India, where S.R. Batliboi and Associates LLP is rotating out after 10 years at TII's AGM on the same date. SRBC has already completed the limited review for Q1 FY27 results.
Likely market impact
No governance concerns. Routine auditor change to align with parent company network. Likely limited impact on stock.