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.

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.