Corporate Governance1 Sept 2026, 08:21 pm
IREDA Board Notes Exchange Fines, Seeks Director Appointments
AI Summary
Indian Renewable Energy Development Agency Ltd (IREDA) has noted the fines imposed by BSE and NSE for non-compliance with listing regulations regarding board composition for the quarter ended June 30, 2026. The Board has requested the Ministry of New and Renewable Energy (MNRE) to expedite the appointment of requisite independent directors, including a woman director. IREDA also plans to request the stock exchanges to waive the fines, citing that the appointment of directors is beyond the company's control.
Key Highlights
- IREDA acknowledges fines from BSE and NSE for board composition non-compliance.
- Board requests MNRE to expedite appointment of independent directors.
- Company seeks waiver of fines from stock exchanges.
- Appointment of directors is stated to be beyond the company's control.
Price Impact
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