Tata Power Company Limited has informed the Exchange regarding Cessation of Mr. Deepesh Nanda as President Renewables of the company w.e.f. May 31, 2025.

CEO resignedKey managerial personnel resignedManagement Changes View source PDF Explain this filing

TATAPOWER · price

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

-1.2%Reaction day

₹401.30

prior close

₹399.00

announcement price

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Nifty 100market · index membership as recorded later (tracked since Jun 2026)-0.7%-0.5% vs market

Power peers, median of 34sector · industry level-0.4%-0.8% vs sector

On the reaction day the stock moved 0.5 pts less than Nifty 100 and 0.8 pts less than its Power 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

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Reaction day

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AI summary

Tata Power has informed the exchanges that Mr. Deepesh Nanda, President – Renewables (and MD & CEO of subsidiary Tata Power Renewable Energy Limited), will resign effective May 31, 2025, citing personal and family relocation reasons after 18 months in the role. To ensure continuity, the company has internally re-designated Mr. Sanjay Banga, currently President – Transmission & Distribution, as President – Renewables with effect from June 1, 2025, and additionally appointed him as CEO & Managing Director of Tata Power Renewable Energy Limited. Mr. Banga brings around three decades of power sector experience, including leadership of Tata Power's T&D and Delhi distribution businesses. The change has been disclosed under SEBI LODR Regulation 30 as a senior management personnel change.

Likely market impact

This is a planned internal succession rather than an abrupt exit, so operational disruption at the renewables subsidiary should be limited. For shareholders, the signal is neutral-to-slightly-positive as a seasoned internal leader takes charge of the high-growth renewables business without an external transition gap.