Power Grid Corp appoints joint statutory auditors for FY27
Power Grid Corporation of India Ltd has announced the appointment of joint statutory auditors for the Financial Year 2026-27, as conveyed by the Comptroller & Auditor General of India (C&AG). The appointment is made in accordance with Section 139 of the Companies Act, 2013. The C&AG has appointed four firms: A S A & Associates LLP, B N C A & Co., Jain Paras Bilala & Co., and K C Mehta & Co. LLP. These auditors will also be responsible for the consolidated financial statements. The company is requested to regulate auditor remuneration as per Section 142 of the Companies Act, 2013, and relevant guidelines. Information regarding audit fees and other payments for FY 2025-2026 is required to be intimated to the C&AG's office.
Key Highlights
- Power Grid Corp appoints four joint statutory auditors for FY 2026-27.
- Appointment is made by the Comptroller & Auditor General of India (C&AG).
- Auditors will also audit consolidated financial statements.
- Remuneration to be regulated as per Companies Act and C&AG guidelines.
- Information on FY26 payments required for C&AG review.
Price Impact
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