Reliance Infrastructure Limited has accepted the resignation of Ivan Saha as Chief Executive Officer of its Renewable business, effective July 31, 2026. Saha cited personal reasons for his departure from the senior management position. The exit marks a leadership change in the company’s renewable energy segment, a key growth area for the infrastructure major. Investors will monitor subsequent filings for any appointment or interim arrangement to ensure continuity in operations.

The disclosure was made pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with Para A of Part A of Schedule III of the Listing Regulations. The filing also referenced SEBI Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026. Paresh Rathod, Company Secretary of Reliance Infrastructure Limited, signed the communication to the exchanges.

Saha submitted his resignation letter to the Executive Director and Chief Executive Officer of Reliance Infrastructure Limited on July 31, 2026. In the letter, he expressed gratitude for the professional growth opportunities provided by the company during his tenure. He described his association with the team and management as a privilege.

The resignation was submitted due to Saha’s own personal reasons. No further details regarding the specific nature of these reasons were provided in the disclosure. The letter of resignation along with the detailed reason was enclosed with the filing.

Leadership Transition

Ivan Saha’s departure affects the leadership structure of the Renewable business vertical. The company has not yet announced a successor for the CEO – Renewable business role. The disclosure confirms that there are no relationships between directors requiring further disclosure in this context. The brief profile section was marked as not applicable since this was a cessation rather than an appointment. The term of appointment ended on July 31, 2026, coinciding with the date of cessation.

Reliance Infrastructure Limited disclosed on June 23, 2026, that the Adjudicating Authority under the Prevention of Money Laundering Act (PMLA) confirmed the provisional attachment of its shareholding in three subsidiaries for an amount of approximately Rs 1,575 crore. The attachment affects the company's stakes in BSES Yamuna Power Limited, BSES Rajdhani Power Limited, and Mumbai Metro One Private Limited. The order follows previous disclosures made by the company on January 28, 2026, and February 06, 2026.

The communication, received in Original Complaint No. 124/2026, cites alleged violations of PMLA for the period from 2017 to 2019. The Adjudicating Authority passed the order confirming the provisional attachment under Provisional Order No. 10/2026 dated January 28, 2026. The expected financial implication of the attachment is approximately Rs 1,575 crore.

Details of the Attachment

The disclosure was made in compliance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The table below summarizes the key details of the regulatory communication:

Company Response

Reliance Infrastructure Limited stated that it intends to file an appeal challenging the order. The company's submission was signed by Paresh Rathod, Company Secretary, who certified that the information provided in Form A was true, correct, and complete to the best of his knowledge and belief.