Board Meeting21 May 2026, 09:41 pm
Reliance Power Board Approves Fundraise up to ₹9,000 Cr
AI Summary
The Board of Directors of Reliance Power Ltd approved the audited financial results for the year ended March 31, 2026. Additionally, the board approved the appointment of Dr. Avinash Gupta as an Additional Independent Director for 5 years and M/s Kailash Chand Jain & Co. as the Statutory Auditor for 5 years, subject to member approval. The board also approved seeking authorization for raising funds up to ₹6,000 crore through equity or equity-linked instruments and ₹3,000 crore via debentures.
Key Highlights
- Audited financial results for FY26 approved with unmodified opinions on standalone results.
- Dr. Avinash Gupta appointed as an Additional Independent Director for 5 years.
- M/s Kailash Chand Jain & Co. appointed as Statutory Auditor for 5 years.
- Enabling authorization sought for raising up to ₹6,000 crore via equity instruments.
- Enabling authorization sought for issuing debentures up to ₹3,000 crore.