Reliance Power Limited (RPower) has informed stock exchanges about a significant development involving its promoter, Reliance Infrastructure Limited (RInfra). According to the disclosure, the Enforcement Directorate (ED) has provisionally attached certain assets of RInfra for alleged violations under the Prevention of Money Laundering Act (PMLA).

Key Points of the Disclosure

• Asset Attachment: The ED has provisionally attached certain assets of Reliance Infrastructure Limited.
• Alleged Violations: The attachment is related to alleged violations under the Prevention of Money Laundering Act.
• Impact Assessment: RInfra stated that there is no impact on its business operations, shareholders, employees, or other stakeholders.
• Management Clarification: The company clarified that Anil D. Ambani has not been on the Board of Reliance Infrastructure Limited for more than 3.5 years.
• RPower's Position: Reliance Power emphasized that none of its own assets have been attached in this process.

Regulatory Compliance

In compliance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, Reliance Power has promptly disclosed this information to the stock exchanges. The company's disclosure demonstrates its commitment to transparency and regulatory adherence.

Market Implications

While the news of asset attachment by a regulatory body often raises concerns among investors, it's important to note that:

1. The attachment is provisional at this stage.
2. It affects the promoter company (RInfra) and not Reliance Power directly.
3. RInfra has stated that there is no impact on its business operations or stakeholders.

Investors and market watchers will likely monitor this situation closely for any potential effects on Reliance Power or broader market sentiment in the power and infrastructure sectors.

Conclusion

As this situation develops, stakeholders of both Reliance Power and Reliance Infrastructure will be keen to see how the companies address these regulatory challenges. The outcome of this provisional attachment and any subsequent proceedings could have implications for corporate governance practices and regulatory oversight in the sector.

Stakeholders are advised to stay informed about further updates from the companies and regulatory bodies regarding this matter.

Reliance Power Limited, a prominent player in the Indian energy sector, has announced a significant change in its board composition. Dr. Vijayalakshmy Gupta, an Independent Director of the company, has submitted her resignation, effective immediately.

Resignation Details

Dr. Gupta's departure from the board comes with immediate effect, as per her resignation letter dated November 3, 2025. The primary reason cited for her resignation is poor health, which has led to her stepping down from both her position as an Independent Director and her membership in various Board committees.

Key Points of the Resignation

Company's Disclosure

Reliance Power Limited, in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, has made the necessary disclosures to the stock exchanges. The company's filing includes Dr. Gupta's resignation letter and confirms that there are no material reasons for her departure other than the health concerns mentioned.

Dr. Gupta's Statement

In her resignation letter, Dr. Gupta expressed her gratitude to the Board and Management of Reliance Power Limited for the opportunity to serve during her tenure. She also confirmed that there are no other material reasons beyond her health issues for her decision to step down.

Impact on Reliance Power

While the departure of an Independent Director is a significant event for any company, Reliance Power has not provided any immediate information regarding a replacement for Dr. Gupta or any potential impact on the company's operations or governance structure.

As Reliance Power navigates this change in its board composition, stakeholders will likely be keen to see how the company addresses this vacancy and maintains the balance of its board in the coming days.