CG Power and Industrial Solutions Limited has announced a change in its Senior Management Personnel. Mr. Sriram Rangarajan, Executive Vice President and SBU Head for the Consumer Product Business, has resigned from his position due to personal reasons. His resignation was effective from the close of business hours on March 19, 2026. The company acknowledged the resignation, which followed discussions initiated in December 2025, and confirmed acceptance via the attached annexures.
Senior Management Personnel Change
CG Power and Industrial Solutions Limited formally notified the stock exchanges regarding a change within its leadership team. The announcement confirms the resignation of Mr. Sriram Rangarajan, who held the dual roles of Executive Vice President and SBU Head for the Consumer Product Business.
Effective Date and Rationale
Mr. Rangarajan’s cessation from the Senior Management Personnel cadre was effective as of the close of business hours on March 19, 2026. The stated reason for his departure from the company services is attributed to personal reasons. The initial communication requesting his relieving date was sent by Mr. Rangarajan on December 20, 2025, suggesting a transition period leading up to the final date.
Transition and Acceptance
The formal resignation letter, enclosed as Annexure B, indicated that Mr. Rangarajan was committed to ensuring a smooth handover of all responsibilities by the requested date of February 20, 2026. However, the internal acceptance document, signed by the CHRO, states that the Last day of working was confirmed as March 19, 2026. The company confirmed that the details pertaining to the change are compliant with the prescribed regulatory framework.
Source: BSE
