Ashok Kumar Pal resigns as Executive Director and Chief Financial Officer

Cfo ResignedKmp ResignedManagement Changes View source PDF Explain this filing

RPOWER · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

-2.6%Reaction day

₹46.10

prior close

₹46.56

announcement price

After-mkt

timing

Nifty Smallcap 250market · index membership as recorded later (tracked since Jun 2026)-0.9%-1.7% vs market

Power Generation peers, median of 26sector-1.5%-1.1% vs sector

On the reaction day the stock moved 1.7 pts less than Nifty Smallcap 250 and 1.1 pts less than its Power Generation peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

-0.2

10m

-0.2

15m

-0.2

30m

-1.0

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-2.6-0.9-1.7-1.5-1.1

Next day

-2.5-0.1-2.4-1.0-1.5

-2.4+0.3-2.7-0.9-1.5

-3.4+0.1-3.4-1.1-2.3

-4.0+0.6-4.6-0.9-3.2

-3.5+1.3-4.8-0.2-3.3

-2.1+0.9-3.0-0.6-1.5

15d

-10.6-0.0-10.6-3.0-7.7

-10.3+0.1-10.4-3.6-6.7

-25.4-3.6-21.9-10.5-14.9

-28.0-4.6-23.4-10.2-17.7

UpDownMarket · Nifty Smallcap 250Sector · Power Generation peers, median of 26Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Ashok Kumar Pal resigned as Reliance Power's Executive Director and Chief Financial Officer, effective October 11, 2025. He cited his October 10, 2025 arrest in an Enforcement Directorate inquiry. Pal was the original complainant in a 2024 complaint, maintains his innocence and stepped down until his name is cleared.

Likely market impact

The sudden departure of a key executive may raise governance concerns and stock volatility. No financial impact or successor for the CFO role was disclosed.