India Power Corporation Limited has rescheduled its Management Meeting to May 30, 2026, due to insufficient attendance by members of the suspended Board of Directors. The meeting, originally set for May 27, 2026, will now be held via video conferencing to consider and approve the audited standalone and consolidated financial results for the financial year ended March 31, 2026. The company is currently undergoing Corporate Insolvency Resolution Process (CIRP) proceedings initiated by the National Company Law Tribunal (NCLT), Hyderabad Bench-1, through an order dated May 15, 2026.

The postponement follows a request from a few board members via email, as only two members were present for the scheduled meeting. The company stated that the revised timing is necessary to ensure adequate participation for the approval of the financial results. The meeting will be conducted under the supervision of the Interim Resolution Professional (IRP), Ms. Sreenivasa Mano Ranjani Medarametla.

As a consequence of the rescheduling, the trading window under the Code of Conduct to regulate Insider Trading and Code of Fair Disclosure has been revised. The window, which was initially set to close on May 29, 2026, will now remain open until June 2, 2026. This adjustment allows stakeholders to comply with regulatory requirements following the change in the meeting schedule.

The intimation regarding the postponement was submitted to the National Stock Exchange of India Limited and the Metropolitan Stock Exchange of India Limited. The company's scrip symbol on both exchanges is DPSCLTD. The filing references Regulation 29(1)(a) and (e) of the SEBI (Listing Obligations and Disclosure Requirements), 2015.

India Power Corporation Limited, formerly known as DPSC Limited, continues to operate under the CIRP framework. The registered office is located in Salt Lake City, Kolkata, and the central office is in Sanctoria, Dishergarh. Further updates regarding the financial results and insolvency proceedings will be communicated in due course.

India Power Corporation Limited has announced the cancellation of its board meeting originally scheduled for May 20, 2026. This decision follows the initiation of the Corporate Insolvency Resolution Process (CIRP) against the company, as ordered by the Hon'ble NCLT, Hyderabad Bench-I, on May 15, 2026. With the commencement of CIRP, the powers of the Board of Directors stand suspended and are now vested in the Resolution Professional.

In light of these developments, the company has convened a Management Meeting to be held on May 27, 2026. The meeting will be chaired by the Interim Resolution Professional under the powers vested in them by Section 17 of the Insolvency and Bankruptcy Code (IBC). The session is scheduled to take place at 5:00 P.M. via video conferencing at the company's Registered Office in Kolkata.

The primary agenda for the Management Meeting includes the consideration and approval of the Audited Standalone and Consolidated Financial Results for the financial year ended March 31, 2026. Additionally, the attendees will discuss the recommendation of a dividend, if any, for the said financial year.

Key Meeting Details

The company has also revised the trading window for the Code of Conduct to regulate Insider Trading and Code of Fair Disclosure. The window will remain closed from May 22, 2026, to May 29, 2026. This intimation has been made under Regulation 29(1)(a) and (e) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.