Jaiprakash Power Ventures Limited has appointed Smt. Shruti Anup Shah and Shri Jayant Misra as Independent Directors effective July 1, 2026. This follows the cessation of Smt. Binata Sengupta, who completed her maximum possible tenure of two terms under Section 149(11) of the Companies Act, 2013. The changes were disclosed to the stock exchanges in accordance with Regulation 30 of the SEBI (LODR) Regulations, 2015.

Smt. Binata Sengupta ceased to be a director at the close of business hours on July 1, 2026. The company had previously disclosed the upcoming appointments of the new directors on May 4, 2026. The filing was signed by Mahesh Kumar Chaturvedi, General Manager and Company Secretary.

Board Composition Changes

The following changes have been made to the board of jaiprakash power ventures :

The appointments ensure the company maintains compliance with regulatory requirements regarding board composition and the tenure of independent directors.

IDBI Trusteeship Services Limited, acting as the Security Trustee for lenders, released an encumbrance covering 19.01% of the total share capital of Jaiprakash Power Ventures Limited on May 21, 2026. The disclosure, submitted to the exchanges on May 25, 2026, confirms the release of 1,30,26,97,997 equity shares. This action follows the Resolution Plan approved by the Hon'ble National Company Law Tribunal, Allahabad Bench at Prayagraj, on March 17, 2026, and the Joint Lenders' Meeting held on May 15, 2026.

The release encompasses 1,20,05,09,431 equity shares previously pledged and 10,21,88,566 shares under a non-disposal undertaking. These shares were originally held by Jaiprakash Associates Limited, the borrower. The total equity share capital of Jaiprakash Power Ventures remains 6,85,34,58,827 fully paid-up shares of ₹10 each. The disposal is treated as a disposal under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

Details of Release

The release of encumbrance clears the security interest held by the lenders via the Security Trustee over the specified shares. The move is part of the implementation of the Resolution Plan which directed the release of the pledge.

Regulatory Compliance

The disclosure was made under Regulation 29(2) read with Regulation 29(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. IDBI Trusteeship Services Limited confirmed that following the release, its holding of encumbered shares in Jaiprakash Power Ventures Limited is nil.