Intimation under Reg 30 of SEBI LODR Regulations, 2015
Awaiting price reaction for this filing.
IREDA's board, which met on May 20, 2025 from 5:30 PM to 7:45 PM, approved three governance-related items. First, Shri Pallav Kapoor has been appointed as Additional General Manager (Risk Management); he will continue to serve as Chief Risk Officer until October 31, 2025. Kapoor holds a postgraduate degree in finance and has over 18 years of experience in risk management. Second, Smt Ekta Madan has been appointed as Chief Manager (Corporate Affairs and Company Secretary); she has been serving as Company Secretary and Compliance Officer since November 1, 2022, and has more than 15 years of experience in corporate compliance. Third, the board has recommended appointing M/s P.C. Jain & Co., Company Secretaries (a peer-reviewed Delhi NCR firm with over 25 years of experience) as Secretarial Auditor for five consecutive financial years from FY 2025-26 to FY 2029-30, subject to shareholder approval at the 38th Annual General Meeting.
These are routine governance and internal administrative changes with no direct financial impact on shareholders. The continued CRO transition timeline and a five-year secretarial auditor appointment signal stable risk oversight and compliance continuity for the renewable energy financier.