Two directors vacate office in material subsidiary IPCL Power
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India Power Corporation (formerly DPSC Limited) is under CIRP per NCLT Hyderabad order dated 15 May 2026, with Resolution Professional Ms. Medarametla Sreenivasa Manoranjani managing affairs. Two directors of material subsidiary IPCL Power Limited, Mr. Sajjan Kumar Khandelwal and Ms. Pragya Jhunjhunwala, vacated their offices from 30 September 2026 because IPL failed to hold its Annual General Meeting by the 30 September deadline.
Directors vacated due to non-holding of subsidiary AGM, reflecting governance gaps during ongoing CIRP. No direct financial impact on shareholders.