India Power Corporation Executive Director tenure ends on June 30, 2026

1 min read Updated on 01 Jul 2026, 06:24 AM

Reviewed by

Suketu GScanX News Team

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India Power Corporation Limited disclosed that Mr. Debashis Bose ceased to be Executive Director effective June 30, 2026, due to the completion of his tenure. The company is currently under Corporate Insolvency Resolution Process (CIRP) after an NCLT order dated May 15, 2026, suspended the Board's powers. The filing was submitted under Regulation 30 of the SEBI (Listing Obligations and Disclosures Requirements) Regulations, 2015.

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India Power Corporation Limited announced that Mr. Debashis Bose ceased to be Executive Director of the company effective from the close of business hours on June 30, 2026. The cessation follows the completion of his tenure with the power utility firm.

The company is currently undergoing proceedings under the Insolvency and Bankruptcy Code, 2016 (IBC). The Hon'ble National Company Law Tribunal (NCLT), Hyderabad Bench-1, admitted an application under Section 7 of the IBC against the company via an order dated May 15, 2026. Consequently, the powers of the Board of Directors of the company stand suspended.

The disclosure was made in accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosures Requirements) Regulations, 2015. The company stated that the necessary details regarding the change were submitted as required under the SEBI Master Circular.

Details of Cessation

The following table outlines the key particulars regarding the change in directorship:

Particulars	Details
Name of Director	Mr. Debashis Bose
Reason for change	Cessation on completion of tenure as an Executive Director
Date of cessation	30th June, 2026
Brief profile	Not applicable

The communication was signed by Dhananjay Karmakar, Company Secretary & Compliance Officer, under the authority of Ms. Sreenivasa Mano Ranjani Medarametla, the Insolvency Resolution Professional.

Historical Stock Returns for DPSC

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+0.54%	-0.67%	-3.39%	-17.21%	-45.43%	-55.09%

Who will be appointed to replace Mr. Debashis Bose, and how will the IBC proceedings influence this selection?

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

How will the suspension of the Board of Directors impact the company's operational decisions during the insolvency process?

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Aksara Commercial discloses no encumbrance on shares in FY26

0 min read Updated on 23 Jun 2026, 03:28 AM

Reviewed by

Ashish TScanX News Team

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Promoter Aksara Commercial Private Limited disclosed to the exchanges that it has not created any encumbrance on shares held in India Power Corporation Limited for the financial year ended March 31, 2026. The disclosure was made pursuant to Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

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Promoter Aksara Commercial Private Limited has confirmed that it holds no encumbrance on its equity shares in India Power Corporation Limited for the financial year ended March 31, 2026. The disclosure, submitted to the National Stock Exchange of India Ltd. and Metropolitan Stock Exchange of India Ltd., confirms that no charges were created directly or indirectly on the shares held by the promoter group during the specified period.

The filing was made in compliance with Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. This regulation requires promoters to disclose any encumbrance on shares held in the target company at the end of each financial year. The statement clarifies that the status is unchanged from the disclosures already made for the financial year ended March 31, 2026.

India Power Corporation Limited, formerly known as DPSC Limited, received the communication addressed to its Audit Committee and Company Secretary. The disclosure serves as a formal confirmation to the stock exchanges regarding the promoter's holding status.

Historical Stock Returns for DPSC