Jaiprakash Power Ventures Limited has informed the Exchange about change in Management

Jaiprakash Power Ventures Limited has undergone a complete board overhaul following the implementation of the Resolution Plan of its promoter company Jaiprakash Associates Limited (JAL) on May 21, 2026. Three senior executives from Adani Group have been appointed as Additional Directors: Mr. Savan Jayendra Patel (Chief Commercial Officer at Adani Power), Mr. Jayadeb Nanda (former COO at Adani Power and ex-NTPC Executive Director), and Mr. Naresh Telgu (leads Adani's pumped storage and hydro projects). All three appointments are for three years as Whole-time Directors, subject to shareholder approval. Simultaneously, three Executive Directors including CEO Shri Suren Jain, Vice Chairman Shri Sunil Kumar Sharma, and Whole-time Director Shri Praveen Kumar Singh have resigned with immediate effect. Two Independent Directors - Shri Dinesh Kumar Likhi and Prof. Suresh Chandra Saxena - also resigned, with Likhi citing increasing professional commitments and Saxena citing other professional and personal commitments.