Indian Renewable Energy Development Agency Limited has informed the Exchange about change in Management
IREDA · price
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Awaiting price reaction for this filing.
IREDA's board, at its meeting on May 20, 2025, approved internal management changes. Shri Pallav Kapoor was appointed as Additional General Manager (Risk Management) while continuing as Chief Risk Officer (CRO) until October 31, 2025. Smt Ekta Madan was appointed as Chief Manager (Corporate Affairs and Company Secretary) while continuing in her existing role of Company Secretary & Compliance Officer. The board also recommended the appointment of M/s P.C. Jain & Co. as Secretarial Auditor for a 5-year term (FY 2025-26 to FY 2029-30), subject to shareholder approval at the upcoming 38th AGM. No senior management resignations or external C-suite appointments were announced.
This is a routine, internal restructuring with no change in top leadership. Existing KMPs are being given additional designations, which signals continuity at the leadership level and is likely neutral for the stock. The new secretarial auditor appointment is a standard governance exercise requiring shareholder approval.