Indian Renewable Energy Development Agency Ltd

Indian Renewable Energy Development Agency Ltd (IREDA) announced the appointment of Shri Javvadi V.N. Subramanyam as a Government Nominee Director on its Board. The appointment, effective July 24, 2026, was approved by the Board in its meeting held today. Shri Subramanyam, Joint Secretary at the Ministry of New and Renewable Energy (MNRE), will serve until the posts of three Functional Directors are filled or until further orders. He has declared no conflicts of interest and is not debarred from holding a director's office. A detailed profile highlights his extensive experience in public administration and renewable energy sectors.

Indian Renewable Energy Development Agency Ltd (IREDA) has announced the appointment of Shri J.V.N Subramanyam as a Government Nominee Director on its Board. The appointment, conveyed by the Ministry of New and Renewable Energy (MNRE), is effective immediately and will continue until three Functional Director positions are filled or further orders are issued. IREDA is undertaking necessary actions to fulfill statutory requirements related to this appointment.

Indian Renewable Energy Development Agency Ltd (IREDA) has declared the accounts of M/s Gensol Engineering Limited and its subsidiary M/s Gensol EV Lease Limited as fraud. This declaration has been reported to the Reserve Bank of India (RBI) as per regulatory requirements. The fraud involves misappropriation, criminal breach of trust, and forgery. The outstanding amounts are ₹453.77 crore for Gensol Engineering and ₹218.97 crore for Gensol EV Lease. Provisions held are 85% for both entities. This disclosure is made under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Indian Renewable Energy Development Agency Ltd (IREDA) has declared the accounts of M/s Gensol Engineering Limited and its subsidiary M/s Gensol EV Lease Limited as fraud. This declaration has been reported to the Reserve Bank of India (RBI) as per regulatory requirements. The total outstanding amount declared as fraud is ₹453.77 Crore for Gensol Engineering Limited and ₹218.97 Crore for Gensol EV Lease Limited. Provisions held are 85% for both entities. The fraud involves misappropriation, criminal breach of trust, and forgery.

Indian Renewable Energy Development Agency Ltd (IREDA) has announced the closure of its trading window from July 01, 2026, until 48 hours after the board meeting where financial results for the quarter ended June 30, 2026, are approved. This measure is in accordance with the company's insider trading code. During this period, designated persons and their immediate relatives are prohibited from trading in IREDA's equity shares and listed debt securities. The exact date of the board meeting will be communicated later. This is a standard corporate governance procedure to prevent insider trading ahead of financial disclosures.

Indian Renewable Energy Development Agency Ltd (IREDA) has released its standalone financial results for the quarter and year ended March 31, 2026. The results, prepared in accordance with SEBI regulations, present a true and fair view of the company's net profit, comprehensive income, and financial information. The audit was conducted by Shiv & Associates and Rao & Emmar, Chartered Accountants, in accordance with auditing standards.

Indian Renewable Energy Development Agency Ltd (IREDA) has announced its audited standalone financial statements for the year ended March 31, 2026. The audit report, conducted by Shiv & Associates and Rao & Emmar, provides an opinion that the financial statements present a true and fair view in accordance with Indian Accounting Standards and the Companies Act 2013. The report includes notes on the audit committee's constitution, compliance with RBI's IRACP norms, Capital Risk Adequacy Ratio (CRAR), classification of certain accounts, and disclosure on the New Labour Law Framework.

Indian Renewable Energy Development Agency Ltd (IREDA) has announced its audited consolidated financial statements for the year ended March 31, 2026. The audit was conducted by Shiv & Associates and Rao & Emmar, Chartered Accountants. The report includes the Consolidated Balance Sheet, Statement of Profit and Loss, Cash Flow Statement, and Changes in Equity. The auditors have provided an unqualified opinion, stating that the financial statements present a true and fair view in accordance with Indian Accounting Standards.

Indian Renewable Energy Development Agency Ltd (IREDA) faces a total fine of ₹202,960 (inclusive of GST) for non-compliance with SEBI Listing Obligations and Disclosure Requirements for the quarter ended March 31, 2026. The fines, levied by BSE and NSE, relate to the composition of the Board of Directors. IREDA's board has requested the Ministry of New and Renewable Energy (MNRE) to expedite the appointment of independent directors and is seeking a waiver of the fines from the stock exchanges, citing the matter is beyond the company's control.

Indian Renewable Energy Development Agency Ltd has scheduled a Board of Directors meeting on May 29, 2026, to consider and approve the audited financial results (Standalone & Consolidated) and audited financial statements (Standalone & Consolidated) for the quarter and year ended March 31, 2026. The board will also consider and recommend the final dividend, if any, on the equity shares of the Company for the Financial Year 2025-26. The trading window has been closed from April 01, 2026, until 48 hours after the declaration of the financial results.