India Power Corp website updated under SEBI norms

1 min read     Updated on 09 Jul 2026, 06:08 AM
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India Power Corporation Limited confirmed that its website is updated and functional per SEBI LODR Regulations amid ongoing CIRP proceedings overseen by NCLT Hyderabad.

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India Power Corporation Limited has confirmed that its official website, www.indiapower.com , is now updated and fully functional in compliance with Regulation 46 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This development ensures that the company meets the necessary disclosure requirements mandated by the market regulator while it undergoes insolvency proceedings.

The update follows a previous intimation dated 16th May, 2026, regarding the admission of a petition for the initiation of the Corporate Insolvency Resolution Process (CIRP) against India Power Corporation Limited. The Hon'ble National Company Law Tribunal (NCLT), Hyderabad Bench — I, passed an order on 15th May, 2026, placing the company under CIRP. Consequently, the operations and communications of the company are currently overseen by the Interim Resolution Professional (IRP).

Regulatory Compliance and Oversight

The company's submission to the National Stock Exchange of India Ltd. and the Metropolitan Stock Exchange of India Ltd. highlights its adherence to regulatory frameworks despite the ongoing insolvency process. The functional website serves as a critical channel for disseminating information to shareholders and other stakeholders during this period.

Key Details

Detail Information
Company Name India Power Corporation Limited (formerly DPSC Limited)
Regulation SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
Regulation Reference Regulation 46
Website www.indiapower.com
NCLT Order Date 15th May, 2026
NCLT Bench Hyderabad Bench — I
IRP Name Ms. Sreenivasa Mano Ranjani

The communication was signed by Dhananjoy Karmakar, Company Secretary & Compliance Officer, acting under the authority of the IRP. India Power Corporation Limited, with its registered office in Salt Lake City, Kolkata, continues to operate under the supervision of the tribunal as the resolution process progresses.

Historical Stock Returns for DPSC

1 Day5 Days1 Month6 Months1 Year5 Years
-0.13%+0.27%-6.07%-25.77%-46.47%-57.90%

What is the expected timeline for the Interim Resolution Professional to submit the resolution plan to the NCLT?

How will the company's core power operations and supply contracts be maintained during the Corporate Insolvency Resolution Process?

Who are the potential bidders or investors likely to express interest in acquiring India Power Corporation Limited?

Aksara Commercial reduces stake in India Power Corp

1 min read     Updated on 03 Jul 2026, 05:39 AM
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Promoter group entity Aksara Commercial Private Limited sold 62,402 equity shares in India Power Corporation Limited for ₹4,54,714 on the NSE between June 25 and June 30, 2026, reducing its stake to 6.14%. The transaction was disclosed on July 1, 2026, in compliance with SEBI (Prohibition of Insider Trading) Regulations. India Power Corporation is currently under CIRP following an NCLT order dated May 15, 2026.

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Promoter group entity Aksara Commercial Private Limited has divested 62,402 equity shares in India Power Corporation Limited, reducing its stake to 6.14%. The sale, executed on the National Stock Exchange of India Limited between June 25 and June 30, 2026, was undertaken for a total consideration of ₹4,54,714. This transaction was disclosed to the company on July 1, 2026, in compliance with Regulation 7(2) read with Regulation 6(2) of the SEBI (Prohibition of Insider Trading) Regulations, 2015.

Prior to this disposal, Aksara Commercial Private Limited held 5,98,68,377 shares, accounting for 6.15% of the company's shareholding. The offloading of 62,402 shares resulted in the promoter group retaining 5,98,05,975 shares. The transaction was conducted on the market, and the value specified excludes taxes, brokerage, and other associated charges.

The disclosure comes at a time when India Power Corporation Limited is undergoing the Corporate Insolvency Resolution Process (CIRP). The Hon'ble National Company Law Tribunal, Hyderabad Bench-1, admitted an application under Section 7 of the Insolvency and Bankruptcy Code, 2016, via an order dated May 15, 2026. Consequently, the powers of the Board of Directors of the company stand suspended.

The filing was submitted by Dhananjoy Karmakar, Company Secretary & Compliance Officer, under the authority of Ms. Sreenivasa Mano Ranjani, the Insolvency Resolution Professional. The intimation was addressed to the National Stock Exchange of India Limited and the Metropolitan Stock Exchange of India Limited to ensure regulatory compliance regarding the change in shareholding by a promoter group entity.

Details of Shareholding Change

The following table outlines the specific details of the transaction reported by Aksara Commercial Private Limited:

Category of Person Securities Held Prior Securities Sold Sale Value Securities Held Post Sale Sale Date Range Intimation Date Mode of Sale
Promoter group 5,98,68,377 (6.15%) 62,402 ₹4,54,714 5,98,05,975 (6.14%) 25-06-2026 to 30-06-2026 01-07-2026 On Market

Historical Stock Returns for DPSC

1 Day5 Days1 Month6 Months1 Year5 Years
-0.13%+0.27%-6.07%-25.77%-46.47%-57.90%

How will the promoter's stake reduction influence the bidding strategy of potential resolution applicants during the CIRP?

Does this divestment signal a lack of confidence from the promoter group regarding the company's successful resolution?

What impact will the suspension of the Board of Directors have on the company's operational stability during the insolvency process?

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