Powergrid has appointed ASA & Associates LLP as joint statutory auditors for the financial year 2025-26, replacing Rama K Gupta & Co. The decision follows a letter from the Comptroller & Auditor General of India (C&AG) received on November 8, 2025. Rama K Gupta & Co. resigned due to another statutory audit assignment from C&AG.
Auditor Appointment
ASA & Associates LLP has been appointed as the joint statutory auditors of Powergrid for the financial year 2025-26. This appointment is effective from November 8, 2025, following the official communication received from the Comptroller & Auditor General of India (C&AG).
Auditor Resignation
Rama K Gupta & Co., the previous joint statutory auditors, have resigned from their position. The resignation, effective from November 8, 2025, is due to the firm being assigned another statutory audit by C&AG for the same financial year. The company has confirmed that it has received the resignation letter.
ASA & Associates LLP Profile
ASA & Associates LLP, established in 1991, is a CA firm with its head office in Delhi and branches at 8 locations across India. The firm has extensive experience in audit and advisory services, assisting both domestic and international businesses. Their services include setting up offices, finding partners, navigating mergers and acquisitions, advising on tax issues, and conducting forensic audits and cybersecurity assessments.
Source: BSE
