DPSC Limited has informed the Exchange about Corporate Insolvency Resolution Process regarding Resignation of Senior Management Personnel of the Company
DPSCLTD · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
India Power Corporation Limited (formerly DPSC Limited) has disclosed that it is undergoing Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, 2016. The Hon'ble NCLT Hyderabad Bench-1 admitted an application under Section 7 of IBC on May 15, 2026, which has resulted in suspension of the Board of Directors' powers. Mr. Pramod Singh, Chief Business Officer and Senior Management Personnel, has tendered his resignation effective May 31, 2026, citing personal and family reasons. The resignation has been accepted by the Interim Resolution Professional (IRP) Ms. Sreenivasa Mano Ranjani Medarametla. The company is listed on NSE and MSE under the symbol DPSCLTD.
This is a significant negative development for shareholders as the company has entered insolvency proceedings, with board powers suspended and now key senior management resigning. The stock is likely to remain highly volatile and risky until the CIRP outcome is determined.