Indian Renewable Energy Development Agency Ltd

Cessation of Senior Management Personnel

• Shri Bhagirath Siyag ceased as Senior Management Personnel; GM (Projects); w.e.f. 22/08/2026; due to organizational requirements.
• Shri Sujith V Surendran ceased as Senior Management Personnel; GM (Projects); w.e.f. 22/08/2026; organizational requirements.
• Shri Koushik Goswami ceased as Senior Management Personnel; GM (Projects); w.e.f. 22/08/2026; organizational requirements.
• Shri Pradipta Kumar Roy ceased as Senior Management Personnel; Additional General Manager (Projects); w.e.f. 22/08/2026; organizational requirements.

Appointment of Independent Director

• Change type: appointment of Independent Director on the Board.
• Name and designation: Shri Manoneet Dalal, Non-Official Director (Independent).
• Effective date and term: 18 August 2026 for three years, or until further orders.
• Reason: MNRE order appointing him to the Board dated 18 August 2026.
• Profile: 20+ years’ experience; LL.M from NLSIU; B.A. LL.B. (Hons.) from Kurukshetra.
• Current role: Director, Hexa Advisors; former Deloitte Haskins & Sells and Ernst & Young.
• Relationships: NIL with other directors.
• Debarment: Not debarred by SEBI or other authorities.

Appointment of Independent Director

• Appointment of Shri Manoneet Dalal as Non-Official Director (Independent) on IREDA's Board for three years.
• Effective 18 August 2026; 3-year term or until further orders, whichever earlier.
• Board approved appointment via circulation on 18 August 2026.
• DIN: 10059661; date of appointment 18.08.2026.
• Term: three years; until further orders, whichever earlier.
• Not debarred by SEBI or other authorities.
• Profile: legal and financial professional with 20+ years in taxation, advisory, and public policy.
• Education: LL.M from NLSIU; BA LLB (Hons) from Kurukshetra.
• Director at Hexa Advisors Limited.
• Former roles: Deloitte Haskins & Sells; Ernst & Young.
• Relationships with other directors: NIL.

Key financial and governance highlights

• Standalone and Consolidated financial results for year ended 31 March 2026; Board approved on 29 May 2026.
• Standalone total income 8,337.48 Cr; net profit after tax 1,873.34 Cr for the year.
• Consolidated total income 8,338.89 Cr; net profit after tax 1,874.00 Cr for the year.
• Impairment on loan assets: total 2,682.05 Cr; Stage I&II 89,734.72 Cr; Stage II 3,245.46 Cr.
• CRAR stood at 20.59% as at 31.03.2026; total financial indebtedness 77,845.63 Cr.
• No default on debt securities; debt securities 28,421.60 Cr; borrowings 46,166.69 Cr; subordinated liabilities 3,257.34 Cr.
• QIP raised 2,005.90 Cr via 12,14,66,562 equity shares; Government stake post-issue 71.76%.
• Board approved further QIP up to 2,994 Cr; 3.76% dilution cap; shareholders approved 14 March 2026.
• Dividend: final dividend proposed; total for year 1.35 per share including interim 0.60.
• Audit committee non-existent since 28 Mar 2026; independent directors to be appointed; fraud cases totalling 14.80 Cr.

Overview & governance

• Standalone and consolidated results for year ended 31 March 2026; Board approval on 29 May 2026.
• Audits: standalone by CAG; consolidated by external auditors; no qualifications reported.
• Consolidated results include IREDA Global Green Energy Finance IFSC Limited.

Key financials

• Standalone total income 8,337.48 crore; net profit after tax 1,873.34 crore.
• Consolidated total income 8,338.89 crore; net profit after tax 2,337.58 crore.
• Cumulative impairment on loan assets 2,682.05 crore; provisioning coverage 2.88%.
• Final dividend 0.15 per equity share; total annual dividend 0.75 per share.
• QIP raise: 2,005.90 crore; shares issued 12,14,66,562; GOI stake 71.76%.

Capital adequacy & risks

• RBI NBFC capital adequacy directions adopted; RWA down 7,787.77 crore; CRAR 20.59%.
• No defaults on debt securities; total indebtedness 77,845.63 crore; fraud cases 14.80 crore, Gensol under investigation.

Meeting Details

• Board meeting scheduled for August 3, 2026; time and venue not disclosed.

Key Agenda Items

• Consider and approve unaudited standalone and consolidated financial results for quarter ended June 30, 2026.

Other Notes

• Trading window closed from July 1, 2026 to 48 hours after results; intimation to exchanges June 25, 2026.

Appointment of Government Nominee Director

• Shri Javvadi V.N. Subramanyam appointed Government Nominee Director w.e.f 24.07.2026.
• Appointment valid till three Functional Directors are filled or until further orders.
• Not debarred from holding office by SEBI or any other authority.
• Profile: senior Indian Administrative Service officer; Joint Secretary, MNRE; 18+ years in energy governance.
• Relationship disclosures: NIL with other directors.

Appointment of Government Nominee Director

• Appointment of Shri Javvadi V.N. Subramanyam as Government Nominee Director on IREDA Board, effective 24 July 2026.
• Term until three Functional Directors are filled or until further orders.
• Not debarred from holding office by SEBI or any authority.
• Profile: Senior IAS officer; Joint Secretary MNRE; prior roles include Director, Economic Affairs.

Dematerialisation status

• Equity: no dematerialisation/rematerialisation requests received in the quarter.
• Bonds/Debentures: 5 dematerialisation requests received; 0 rejected; 5 processed.
• Securities dematerialised have been listed on the stock exchanges where earlier issues are listed.
• Physical certificates received for dematerialisation were mutilated and cancelled; registered owner updated within prescribed timeline.
• No re-materialisation requests received during the period.
• No exceptions or non-compliance reported.