The Enforcement Directorate (ED), India's economic intelligence agency, has taken a significant step in its ongoing investigation into Reliance Power , a prominent player in the Indian power sector. In a recent development, the ED has detained the Chief Financial Officer (CFO) of Reliance Power, marking a crucial turn in the probe.

Key Developments

• Detention of CFO: The Enforcement Directorate has detained Reliance Power's Chief Financial Officer.
• Ongoing Investigation: This action is part of a broader investigation into the company's financial affairs.
• Regulatory Scrutiny: The detention signifies increased regulatory attention on Reliance Power's financial practices.

Implications for Reliance Power

The detention of a high-ranking executive like the CFO could have several implications for Reliance Power:

1. Financial Operations: The absence of the CFO may temporarily impact the company's financial decision-making processes.
2. Investor Confidence: This development might affect investor sentiment towards Reliance Power in the short term.
3. Regulatory Compliance: The investigation could lead to a thorough review of the company's compliance with financial regulations.

Market Response

While specific market reactions are not available at this time, such news typically influences investor perception and may impact the company's stock performance.

Looking Ahead

As the investigation unfolds, stakeholders will be closely watching for:

• Further details about the nature and scope of the ED's investigation
• Any official statements from Reliance Power regarding the detention and its potential impact on operations
• Possible changes in the company's financial leadership structure

It's important to note that at this stage, the detention is part of an ongoing investigation, and no conclusions should be drawn until more information is available or official charges, if any, are filed.

Investors and market watchers are advised to stay informed about any official communications from Reliance Power or regulatory bodies regarding this matter.

Reliance Power Limited (RPL) has announced the resignation of Ashok Kumar Pal from his positions as Executive Director and Chief Financial Officer, effective October 11, 2025. This development comes in the wake of Pal's arrest by the Enforcement Directorate (ED) on October 10, 2025, in connection with an ongoing investigation.

Investigation Background

The ED's investigation stems from an Enforcement Case Information Report (ECIR) registered on June 16, 2025, under the number ECIR/STF/14/2025. This ECIR is based on a First Information Report (FIR) that Pal himself had filed with the Economic Offences Wing (EOW) in New Delhi on November 11, 2024.

Resignation Details

In his resignation letter addressed to the Board of Directors of Reliance Power Limited, Pal cited his arrest and the pending investigation as the primary reasons for stepping down. He emphasized that his resignation is temporary, stating it would remain in effect "till my name is cleared."

Key Points from Pal's Resignation Letter

• Pal maintains his innocence, stating he is "not involved in any wrongdoing."
• The resignation is effective from October 11, 2025, a day after his arrest.
• Pal had initially communicated his intention to resign to his counsel, Mr. Yash Agrawal, on October 11, 2025.
• The formal resignation letter was submitted on October 13, 2025.

Company Disclosure

Reliance Power Limited disclosed this information to the stock exchanges on October 13, 2025, in compliance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

This development raises questions about the nature of the investigation and its potential impact on Reliance Power's operations and financial management. Stakeholders will be closely monitoring any further developments or statements from the company regarding interim arrangements for the CFO position.