DPSC Limited has informed the Exchange regarding Resignation of Mr. Pramod Singh, Chief Business Officer, designated as Senior Management Personnel of the Company of the company w.e.f. May 31, 2026.
DPSCLTD · price
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India Power Corporation Limited (formerly DPSC Limited), listed as DPSCLTD, has announced the resignation of Mr. Pramod Singh from the position of Chief Business Officer, designated as Senior Management Personnel. The resignation is effective May 31, 2026. The company is currently undergoing Corporate Insolvency Resolution Process (CIRP) under IBC, 2016, with NCLT Hyderabad Bench-I having admitted the application on May 15, 2026, which has suspended the powers of the Board of Directors. The Interim Resolution Professional (IRP) accepted Mr. Singh's resignation. The reason cited for resignation is personal and family reasons, with no other material reasons mentioned.
The resignation of a senior management official during an ongoing insolvency process could signal management instability and may create uncertainty about operational continuity. However, since the board powers are already suspended under CIRP, the immediate market impact may be limited.