India Power Corporation Limited has secured shareholder approval for the re-appointment of Mr. Anil Kumar Jha as an Independent Director for a second term of five years. The resolution, which commences on June 11, 2026, and concludes on June 10, 2031, was passed via a remote e-voting process that concluded on May 29, 2026. This decision occurs while the company is undergoing the Corporate Insolvency Resolution Process (CIRP) following an order by the Hon'ble National Company Law Tribunal (NCLT), Hyderabad Bench-1, dated May 15, 2026, which suspended the powers of the Board of Directors.

The special resolution received 99.86% assent from the votes polled. A total of 175 members participated in the remote e-voting, casting 386,046,139 votes. The approval was driven by the Public Non-Institutions category, which contributed 323,940,691 votes in favour. The Promoter and Promoter Group cast 61,580,741 votes in favour, while Public Institutions voted against the resolution with 517,807 votes.

The remote e-voting process was facilitated by National Securities Depository Limited (NSDL). Mr. Mohan Ram Goenka, Partner of MR & Associates, served as the Scrutinizer to oversee the voting process. The record date for determining voting rights was April 24, 2026.

The company disclosed that the CIRP was initiated against India Power Corporation Limited by the State Bank of India (SBI) regarding a corporate guarantee for Meenakshi Energy Limited. Following the Supreme Court's remand of the matter in February 2025, the NCLT admitted the application under Section 7 of the Insolvency and Bankruptcy Code, 2016. Consequently, the powers of the Board of Directors stand suspended and are exercised by the Interim Resolution Professional.

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.