Indian Renewable Energy Development Agency Limited has informed the Exchange regarding Change in Director(s) of the company.

Multiple Ind Directors ResignedManagement Changes View source PDF

IREDA · price

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Price reaction · full curve 14 horizons · vs prior close

-0.0%1-day move

₹114.15

prior close

₹113.06

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AI summary

IREDA has informed stock exchanges that the tenure of two Part-time Non-Official Independent Directors — Shri Shabdsharan N. Brahmbhatt (DIN 09483059) and Dr. Jaganath C. M. Jodidhar (DIN 09556253) — was completed on March 27, 2026. As a result, both ceased to be Independent Directors of the company with effect from March 28, 2026, in line with a Ministry of New and Renewable Energy (MNRE) Order dated March 28, 2025. No new appointments have been announced in this filing. The intimation has been made under Regulation 30 of SEBI's Listing Obligations and Disclosure Requirements Regulations, 2015.

Likely market impact

This is a routine, pre-scheduled end of tenure for two independent directors and is not expected to materially impact the stock. Shareholders may, however, watch for upcoming appointments to fill these independent director positions on the board.