Directors vacate office at material subsidiary IPCL Power

Nclt Insolvency AdmittedRegulatory & Legal View source PDF Explain this filing

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Price reactionminutes from the announcement price · days from the prior close

-0.9%Reaction day

₹6.90

prior close

₹6.80

announcement price

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Nifty Microcap 250market · in no size index; the smallest one is used-1.3%+0.4% vs market

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Reaction day

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AI summary

India Power Corporation Ltd (formerly DPSC Ltd) is under CIRP via NCLT order dated 15 May 2026. Two directors of subsidiary IPCL Power vacated office on 30 September 2026 because the AGM was not held by deadline. Mr Khandelwal vacated as Wholetime Director; Ms Jhunjhunwala vacated as Additional Director.

Likely market impact

Company remains under insolvency resolution. Subsidiary board change is procedural due to missed AGM, no direct financial impact disclosed.