IREDA has announced key senior management appointments as part of its organizational restructuring, with two experienced finance professionals joining the company's leadership team on December 30, 2025.

New Senior Management Appointments

The company has made strategic appointments to strengthen its finance and audit functions:

Additional Responsibilities for Internal Audit

Following a Board of Directors meeting held on December 30, 2025, and based on the Audit Committee's recommendation, Jagdeep Singh has been appointed as Head of Internal Audit (HIA) and Internal Auditor (IA) of the company. This appointment carries a fixed tenure from January 1, 2026 to December 31, 2028, or until further orders, whichever is earlier.

Leadership Transition

The appointments come as A. Chandrashekar, who previously served as General Manager (F&A) and Head of Internal Audit, reached superannuation on December 31, 2025. This transition ensures continuity in the company's finance and audit operations.

Professional Profiles

Both new appointees bring substantial experience to their roles:

Jagdeep Singh holds a Bachelor's degree in Commerce (Honours) from Delhi University and is a Member of the Institute of Cost and Management Accountants of India. He brings over 27 years of professional experience across private and public sector organizations.

Tusarkant Parida holds a Bachelor's degree in Commerce (Honours) from Utkal University and is a Member of the Institute of Chartered Accountants of India. He contributes over 24 years of professional experience to his new role.

Regulatory Compliance

These appointments have been made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has fulfilled all disclosure requirements as mandated by the SEBI Master Circular dated November 11, 2024, ensuring transparency in senior management changes.

Indian Renewable Energy Development Agency Limited (IREDA) has unveiled significant leadership changes following a board meeting. The company has approved new appointments and promotions for several senior executives.

New Appointments and Promotions

IREDA's board has approved the following changes:

Executive Profiles

The newly appointed executives bring significant experience and qualifications to their roles:

These changes reflect IREDA's commitment to strengthening its leadership team with experienced professionals. The appointment of Shri Tusarkant Parida as Executive Director (FA) and Shri Jagdeep Singh as General Manager (FA) is expected to bolster the company's financial management capabilities.

Smt Punnu Grover's appointment as General Manager (FXA) and her continuation as Chief Compliance Officer until April 30, 2028, brings valuable expertise to these critical roles. Her extensive experience of over 29 years and her educational background, including a Masters degree in Commerce and membership of the Institute of Cost and Work Accountants of India, position her well for these responsibilities.

These appointments are expected to contribute to IREDA's ongoing efforts in the renewable energy sector. As these executives take on their new roles, they are poised to play crucial parts in shaping the company's future strategies and operations.

IREDA's decision to appoint experienced professionals demonstrates its focus on strengthening its management team and ensuring effective leadership across key positions. These changes come at a time when the renewable energy sector in India is experiencing significant growth and transformation, highlighting the importance of strong and experienced leadership in navigating the evolving landscape.