Power Grid Corporation of India Limited has informed the Exchange about Appointment of Statutory Auditors of the Company by C&AG for the Financial Year 2025-26.
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Power Grid Corporation of India has informed the stock exchange that the Comptroller and Auditor General of India (C&AG) has appointed the Statutory Auditors of the company for the Financial Year 2025-26. As a government-owned enterprise, Power Grid's statutory auditors are appointed by the C&AG, which is a standard regulatory process under the Companies Act. The specific names of the audit firm(s) were not detailed in the headline. This is a routine corporate governance disclosure and does not indicate any change in financial health or management.
This is a routine procedural appointment and is unlikely to have any material impact on the stock price or shareholder value. It simply fulfils a regulatory requirement for government companies.