RIR Power Electronics Limited has announced the appointment of N Ramesh Kumar as the company's new Managing Director and Chief Executive Officer, effective February 11th, 2026. The Board of Directors approved this strategic leadership transition on February 9th, 2026, following recommendations from the Nomination and Remuneration Committee.

Leadership Transition Details

The appointment marks a significant change in the company's executive structure, with Kumar's tenure as MD & CEO spanning 4 consecutive years until February 10th, 2030, subject to shareholder approval and statutory requirements. The leadership transition involves multiple key personnel changes designed to strengthen the organization's strategic direction.

Outgoing Leadership Changes

As part of this transition, current leadership roles are being restructured to optimize operational efficiency:

• Ramesh G. Trasi, who has served as CEO for over 22 years, will transition to the role of Chief Technology Officer, where he will continue to drive RIR Power Electronics' technology and innovation roadmap
• Mrs. Bhavna H. Mehta will step down as Managing Director effective close of business hours on February 10th, 2026, but will continue serving the company as a Director

Professional Background and Experience

N Ramesh Kumar brings over 42 years of extensive experience in driving growth across sales & marketing, business development, and P&L-led business management spanning multiple product lines and geographies. As a strategic leader, he has consistently strengthened market share through focused expansion, new product development, and brand-building initiatives.

Previously, as Global Business Head of Industrial Products and Solutions at CG Power and Industrial Solutions Limited, he successfully scaled operations, managed complex portfolios, and delivered sustained profitability. He served as a member of CG Power Executive Committee, the highest decision-making body under the Board, where he played a key role in shaping the company's business strategy.

Leadership Statements

Dr. Harshad Mehta, Non-Executive Chairman of RIR Power Electronics Ltd, commented on the appointment: "We are pleased to welcome N. Ramesh Kumar as the new MD and CEO of RIR Power Electronics Ltd. We are confident that under his dynamic leadership, RIR will accelerate innovation, drive strategic execution and strengthen operational excellence across the organization."

N Ramesh Kumar expressed his commitment: "I am honored to take the role of MD and CEO at RIR Power Electronics Ltd. and build on the company's strong foundation. With the support of our highly talented and committed team, I look forward to leading RIR into its next phase of growth."

Company Profile

RIR Power Electronics Limited is a global pioneer in high-power semiconductor solutions, driving innovation and energy efficiency. The company's portfolio includes high-performance semiconductor devices, assemblies, and energy management systems that enable customers to address the evolving demands of modern energy systems. Listed on the Bombay Stock Exchange under scrip code 517035, RIR stands at the forefront of sustainable energy innovation, powering progress through breakthrough technologies.

RIR Power Electronics Limited has dispatched its postal ballot notice on December 16, 2025, following the board meeting approvals made on December 13, 2025, for significant corporate governance and employee benefit matters.

Postal Ballot Schedule and Process

The company has established a comprehensive timeline for the postal ballot process with specific dates for shareholder participation:

The postal ballot notice has been sent to members whose names appear in the Register of Members/list of Beneficial Owners as received from Depositories and whose email IDs are registered with the Company/Depositories as on the cut-off date. CDSL has been appointed to conduct the e-voting process.

Special Resolutions for Approval

The postal ballot seeks shareholder approval for three special resolutions through remote e-voting:

Employee Stock Ownership Plan 2025: The primary resolution involves approval of the "RIR Power Electronics Limited Employees Stock Ownership Plan-2025 (ESOP 2025/Plan)" with authorization to grant up to 39,78,620 employee stock options. Each option, when exercised, would convert into one equity share of face value ₹2 each, fully paid-up.

Subsidiary and Associate ESOP Extension: The second resolution seeks approval for granting employee stock options under ESOP 2025 to eligible employees of subsidiary and associate companies, maintaining the same ceiling of total options as specified in the main ESOP scheme.

Independent Director Appointment: The third resolution proposes the appointment of Mr. Kush Gupta (DIN: 09077090) as a Non-Executive Independent Director for a term of five consecutive years from November 6, 2025, to November 5, 2030.

Board Meeting Outcomes

The board meeting held on December 13, 2025, lasting 20 minutes from 10:00 AM to 10:20 AM, made several key decisions:

ESOP Scheme Features

The ESOP 2025 scheme incorporates several key features designed to attract, motivate, and retain talented employees. The scheme allows for a maximum vesting period of four years from the date of grant, with options exercisable within four years from the relevant vesting date. The exercise price per option will be determined by the Committee at the time of grant and shall not be less than the face value of shares.

The scheme extends eligibility to employees working exclusively with the company, whether in India or outside India, including directors (excluding promoters, promoter group members, independent directors, and directors holding more than 10% of outstanding equity shares).

Regulatory Compliance

The company has fulfilled its disclosure obligations under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The postal ballot notice is available on the company's website at www.rirpowersemi.com and on BSE's website, where the company trades under scrip code 517035.

Members holding shares in physical mode who have not updated their email addresses are requested to register their email addresses as per the instructions provided in the notice to participate in the e-voting process.