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 audit assignment from C&AG for the same financial year.
Auditor Appointment
ASA & Associates LLP has been appointed as the joint statutory auditors of Powergrid for the financial year 2025-26. This appointment follows the communication received from the Comptroller & Auditor General of India (C&AG) on November 8, 2025.
Auditor Resignation
The prior joint statutory auditors, Rama K Gupta & Co., have resigned from their position effective November 8, 2025. The resignation was tendered because the firm was allotted another statutory audit assignment by C&AG for the same financial year.
Details of ASA & Associates LLP
ASA & Associates LLP was established in 1991 and has its headquarters in Delhi, with branches in 8 locations across India. The firm assists domestic and international businesses in setting up offices, finding partners, mergers & acquisitions, tax issues, forensic audits, and cybersecurity.
Source: BSE
