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 (IREDA) has announced plans to raise up to Rs 3,000 crore through a Qualified Institutional Placement (QIP), offering shares at a discount of up to 5%. This strategic move aims to bolster the company's capital base for business expansion but comes with potential implications for existing shareholders.

Key Details of IREDA's QIP Plan

Implications of the QIP

Capital Infusion

The successful completion of this QIP would provide IREDA with a significant capital boost, potentially enabling the company to expand its operations in the renewable energy sector.

Shareholder Impact

Existing shareholders may face dilution of their holdings as new shares are issued through the QIP. The extent of dilution will depend on the final size of the placement and the number of new shares issued.

Institutional Interest

The QIP targets qualified institutional buyers, which could potentially bring in strategic investors and increase institutional ownership in the company.

Pricing Strategy

The offering of shares at a discount of up to 5% may make the QIP more attractive to institutional investors, potentially ensuring better subscription rates.

This fundraising initiative by IREDA comes at a time when the renewable energy sector in India is experiencing significant growth and attention. The additional capital could potentially position IREDA to capitalize on emerging opportunities in the sector, subject to market conditions and regulatory approvals.

Investors and market watchers will be keenly observing how this QIP unfolds and its impact on IREDA's financial position and market standing in the coming months.