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

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.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+1.37%	-3.14%	-12.51%	-25.68%	-44.08%	-59.51%

Promoter group entity Aksara Commercial Private Limited has divested 1,97,082 equity shares in India Power Corporation Limited, reducing its stake to 6.15%. The sale, executed on the National Stock Exchange of India Limited between June 17 and June 24, 2026, was undertaken for a total consideration of ₹14,76,337. This transaction was disclosed to the company on June 25, 2026, in compliance with Regulation 7(2) read with Regulation 6(2) of the SEBI (Prohibition of Insider Trading) Regulations, 2015.

Prior to the disposal, Aksara Commercial Private Limited held 6,00,65,459 shares, accounting for 6.17% of the company's shareholding. The offloading of 1,97,082 shares resulted in the promoter group retaining 5,98,68,377 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 Dhananjay 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.