iPower Solutions India Ltd CFO Suresh Srinivasan Resigns Due to Personal Reasons
iPower Solutions India Ltd has announced the resignation of Chief Financial Officer Suresh Srinivasan, effective March 13, 2026, due to personal reasons. The resignation was submitted on March 10, 2026, with the company confirming no other material reasons for departure. The announcement was made in compliance with SEBI Listing Regulations, with Managing Director Rajendra Naniwadekar overseeing the regulatory disclosure process.
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iPower Solutions India Ltd has announced a significant leadership change with the resignation of its Chief Financial Officer, Mr. Suresh Srinivasan, who will step down from his role due to personal reasons. The announcement was made through a formal intimation to BSE Limited on March 10, 2026, in compliance with regulatory requirements.
Resignation Details
Mr. Suresh Srinivasan submitted his resignation letter on March 10, 2026, formally tendering his resignation from the position of Chief Financial Officer and Key Managerial Personnel of the company. His departure will be effective from the closing of business hours on Friday, March 13, 2026.
| Parameter: | Details |
|---|---|
| Position: | Chief Financial Officer & Key Managerial Personnel |
| Resignation Date: | March 10, 2026 |
| Effective Date: | March 13, 2026 |
| Reason: | Personal reasons |
| Notice Period: | 3 days |
Regulatory Compliance
The company has fulfilled its disclosure obligations under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The intimation was signed by Managing Director Rajendra Naniwadekar and submitted to BSE Limited with the required documentation.
The disclosure includes confirmation that there are no other material reasons for the resignation beyond those mentioned in Srinivasan's resignation letter. This transparency ensures compliance with SEBI Circular No. SEBI/HO/CFD/CFD-PoD1/P/CIR/2023/123 dated July 13, 2023.
Company Response
In his resignation letter addressed to the Board of Directors, Srinivasan expressed gratitude for the support and cooperation extended during his tenure. He specifically requested the company to initiate necessary filings with the stock exchange and Ministry of Corporate Affairs as per applicable regulations.
The Managing Director has acknowledged the resignation and confirmed that appropriate regulatory filings will be completed. The company's prompt disclosure demonstrates its commitment to maintaining transparency with shareholders and regulatory authorities regarding key management changes.
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