Announcement under Regulation 30 (LODR) - Change in Management
RPOWER · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Reliance Power reported FY2026 consolidated loss of Rs 33,689 lakhs versus profit of Rs 2,94,783 lakhs in FY2025, impacted by Rs 38,160 lakhs impairment at RSTEPL subsidiary. Revenue grew marginally to Rs 7,61,971 lakhs. Board approved appointment of Dr. Avinash Gupta as Independent Director and M/s Kailash Chand Jain & Co. as new Statutory Auditor for 5 years. The company also authorized raising up to Rs 6,000 crore via equity instruments and Rs 3,000 crore via NCDs. Key risks include ED/PMLA investigations, SEBI forensic audit, and lenders filing CIRP against the parent under IBC.
The company faces significant governance and financial challenges with ongoing regulatory investigations, subsidiary defaults, and a qualified audit opinion on going concern. The fund-raising authorizations suggest capital needs amid liquidity pressures.