Indian Renewable Energy Development Agency Limited ( IREDA ) has been fined ₹14,19,540 each by the National Stock Exchange of India Limited and BSE Limited for non-compliance with board composition norms.

The penalties were imposed following notices dated August 25, 2026, citing violations of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The fines are inclusive of GST.

Regulatory Context

The stock exchanges flagged issues regarding the composition of the Board of Directors and its committees. IREDA disclosed the imposition of these fines in a filing dated August 27, 2026, pursuant to Regulation 30 read with Schedule III of the Listing Regulations.

Government Appointment Delays

IREDA explained that as a Government of India enterprise, the power to appoint directors rests with the President of India, acting through the Ministry of New and Renewable Energy (MNRE). The company stated it has no role in the appointment process.

The lender noted it has been consistently pursuing the matter with MNRE to appoint the requisite number of independent directors to ensure regulatory compliance. The issue is being placed before the Board of Directors for further review.

Indian Renewable Energy Development Agency Limited declared a final dividend of ₹0.75 per equity share for FY26. The Board fixed September 11, 2026, as the record date for determining shareholder eligibility.

The Navratna CPSU also announced changes in senior management personnel effective August 22, 2026. These administrative adjustments reflect organizational requirements.

Dividend Details

The Board recommended the payout at its meeting on May 29, 2026. Shareholders must approve the dividend at the ensuing Annual General Meeting (AGM). If approved, payment will occur within 30 days of the AGM.

Dividend income is taxable in the hands of shareholders. The company will deduct tax at source (TDS) as per the Income Tax Act, 2025. Shareholders seeking lower TDS rates must submit documents by September 11, 2026.

Payments will be made exclusively through electronic mode. Physical instruments like cheques are discontinued. Investors must update bank details with their Depository Participants.

Management Changes

Four senior executives ceased to be Senior Management Personnel due to organizational needs:

• Bhagirath Siyag, General Manager (Projects)
• Sujith V Surendran, General Manager (Projects)
• Koushik Goswami, General Manager (Projects)
• Pradipta Kumar Roy, Additional General Manager (Projects)

These changes comply with Regulation 30 of SEBI (LODR) Regulations, 2015. The Board meeting concluded at 2:30 pm on August 22, 2026.