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Note: These are AI-generated, educational summaries of public NSE
filings — grounded in each document, but not investment advice and possibly incomplete.
Verify against the original filing and consult a SEBI-registered adviser before acting.
60 announcements match the current filters (relevance ≥ 5).
DPSCLTD: 1st Committee of Creditors Meeting Scheduled for June 12, 2026, Under CIRP
India Power Corporation Limited (formerly DPSC Limited) has scheduled the first meeting of its Committee of Creditors (CoC) for June 12, 2026, at 11:30 A.M. This follows the Hon’ble NCLT Hyderabad Bench's order dated May 15, 2026, which initiated the Corporate Insolvency Resolution Process (CIRP) against the company. The meeting will be conducted via physical and video conferencing modes under the authority of the Interim Resolution Professional (IRP). This stage is critical as the CoC will begin making decisions regarding the company's future resolution or liquidation.
Key Highlights
1st Meeting of the Committee of Creditors (CoC) to be held on June 12, 2026.
Company entered CIRP following an NCLT Hyderabad Bench order dated May 15, 2026.
Process is being managed by Interim Resolution Professional (IRP) Ms. Sreenivasa Mano Ranjani.
The meeting is scheduled for 11:30 A.M. IST via physical and video conferencing modes.
Announcement made under Regulation 30 of SEBI (LODR) Regulations, 2015.
👀 What to Watch
Investors should exercise extreme caution as insolvency proceedings typically lead to significant equity dilution or total loss for shareholders. Monitor the outcomes of CoC meetings for any potential resolution plans that might affect the company's listing status.
India Power Corp (DPSCLTD) Chief Business Officer Pramod Singh Resigns Amid CIRP
Mr. Pramod Singh, the Chief Business Officer and Senior Management Personnel of India Power Corporation Limited (formerly DPSC Limited), has resigned effective May 31, 2026. This management exit occurs while the company is undergoing the Corporate Insolvency Resolution Process (CIRP) following an NCLT order dated May 15, 2026. The resignation has been accepted by the Interim Resolution Professional (IRP) as the Board of Directors remains suspended. The company's operational leadership is seeing turnover during a critical insolvency phase.
Key Highlights
Mr. Pramod Singh resigned as Chief Business Officer effective May 31, 2026.
The company is currently under Corporate Insolvency Resolution Process (CIRP) per NCLT Hyderabad Bench-I order dated May 15, 2026.
Powers of the Board of Directors are currently suspended under the Insolvency and Bankruptcy Code (IBC).
The resignation was accepted by the Interim Resolution Professional (IRP), Ms. Sreenivasa Mano Ranjani Medarametla.
👀 What to Watch
Investors should exercise extreme caution as management departures during insolvency proceedings often indicate heightened instability; closely monitor the CIRP updates and NCLT proceedings.
India Power Corp (DPSCLTD) CBO Pramod Singh Resigns Amid Ongoing Insolvency Process
India Power Corporation Limited (formerly DPSC Limited), currently undergoing Corporate Insolvency Resolution Process (CIRP) since May 15, 2026, has announced the resignation of its Chief Business Officer, Mr. Pramod Singh. The resignation was effective from May 31, 2026, and has been accepted by the Interim Resolution Professional. This departure occurs while the company's Board of Directors remains suspended under the Insolvency and Bankruptcy Code proceedings initiated by the NCLT Hyderabad Bench.
Key Highlights
Chief Business Officer Mr. Pramod Singh resigned effective May 31, 2026.
The company was admitted to CIRP by the NCLT Hyderabad Bench on May 15, 2026, under Section 7 of the IBC.
Powers of the Board of Directors are currently suspended, and the company is under the authority of an Interim Resolution Professional (IRP).
The resignation was accepted by IRP Ms. Sreenivasa Mano Ranjani Medarametla.
👀 What to Watch
Investors should exercise extreme caution as management exits during insolvency proceedings often indicate internal instability. Monitor the NCLT updates and the Interim Resolution Professional's progress regarding the company's resolution plan.
India Power Corp (DPSCLTD) Chief Business Officer Resigns Amidst Insolvency Process
India Power Corporation Limited (formerly DPSC Limited) has announced the resignation of its Chief Business Officer, Mr. Pramod Singh, effective May 31, 2026. This exit occurs while the company is undergoing the Corporate Insolvency Resolution Process (CIRP) following an NCLT Hyderabad order dated May 15, 2026. The resignation was accepted by the Interim Resolution Professional (IRP), who currently holds the powers of the suspended Board of Directors. The company is navigating a critical legal phase under the Insolvency and Bankruptcy Code, 2016.
Key Highlights
Chief Business Officer Pramod Singh resigned from the company effective May 31, 2026.
The company is currently under Corporate Insolvency Resolution Process (CIRP) as per NCLT order dated May 15, 2026.
Powers of the Board of Directors remain suspended, with the company managed by an Interim Resolution Professional (IRP).
The resignation was formally accepted by the IRP, Ms. Sreenivasa Mano Ranjani Medarametla.
👀 What to Watch
Investors should exercise extreme caution as the company is in insolvency proceedings and losing senior management. Equity value in CIRP cases is highly uncertain and often subject to significant erosion.
DPSCLTD Reports ₹229 Cr Annual Loss; Admitted to Insolvency Process (CIRP)
India Power Corporation (formerly DPSC Ltd) reported a massive standalone net loss of ₹22,975.79 lakhs for FY26, a sharp decline from a profit of ₹422.45 lakhs in FY25. The loss was primarily driven by a significant exceptional item of ₹24,530.87 lakhs. Crucially, the company was admitted into the Corporate Insolvency Resolution Process (CIRP) on May 15, 2026, following a ₹50,047.58 lakh claim by State Bank of India. Consequently, the Board is suspended, and no dividend has been recommended.
Key Highlights
Standalone revenue from operations grew 7.8% YoY to ₹64,702.01 lakhs in FY26.
Reported a net loss of ₹22,975.79 lakhs for the full year vs a profit of ₹422.45 lakhs in the previous year.
Admitted to CIRP by NCLT Hyderabad on May 15, 2026, due to a corporate guarantee claim of ₹50,047.58 lakhs by SBI.
Statutory auditors SS Kothari Mehta & Co. LLP issued a modified opinion with audit qualifications.
The company's ability to continue as a going concern is now dependent on the NCLT resolution plan.
👀 What to Watch
Investors should be extremely cautious as the company is undergoing insolvency proceedings, which often results in severe equity dilution or delisting. The combination of massive losses and audit qualifications makes this a high-risk situation.
India Power (DPSCLTD) Enters Insolvency (CIRP); Reports ₹229.76 Cr Net Loss in FY26
India Power Corporation (formerly DPSC Ltd) has been admitted into the Corporate Insolvency Resolution Process (CIRP) by NCLT Hyderabad as of May 15, 2026, following a ₹50,047.58 lakh claim by State Bank of India. For the fiscal year ended March 31, 2026, the company reported a massive standalone net loss of ₹22,975.79 lakhs, primarily due to an exceptional loss of ₹24,530.87 lakhs. While revenue from operations grew 7.8% YoY to ₹64,702.01 lakhs, the board is now suspended and no dividend has been recommended. The auditors have issued a modified opinion, highlighting significant uncertainty regarding the company's ability to continue as a going concern.
Key Highlights
Admitted to CIRP by NCLT on May 15, 2026, following a default on corporate guarantees involving a ₹500.48 crore claim by SBI.
Reported a standalone net loss of ₹22,975.79 lakhs for FY26 against a profit of ₹422.45 lakhs in the previous year.
Recognized a massive exceptional loss of ₹24,530.87 lakhs during the year.
Revenue from operations increased to ₹64,702.01 lakhs from ₹59,990.59 lakhs in FY25.
Powers of the Board of Directors are suspended, with management now controlled by an Interim Resolution Professional (IRP).
👀 What to Watch
Investors should exercise extreme caution as CIRP proceedings often result in significant equity dilution or total loss for retail shareholders. The stock is likely to face high volatility and potential trading restrictions; exiting or avoiding new positions is advised until a resolution plan is approved.
India Power Corp (DPSCLTD) Concludes Postal Ballot for Director Re-appointment Amid CIRP
India Power Corporation Limited (formerly DPSC Limited) has concluded its postal ballot process for the re-appointment of Mr. Anil Kumar Jha as an Independent Director for a five-year term starting June 11, 2026. However, the company is now officially under the Corporate Insolvency Resolution Process (CIRP) following an NCLT Hyderabad order dated May 15, 2026. Consequently, the powers of the Board of Directors are currently suspended, and the company is under the authority of an Interim Resolution Professional (IRP). Voting results for the resolution are expected to be declared by June 1, 2026.
Key Highlights
Company admitted to Corporate Insolvency Resolution Process (CIRP) by NCLT Hyderabad on May 15, 2026.
Postal ballot conducted for the re-appointment of Mr. Anil Kumar Jha as Independent Director for a second 5-year term (2026-2031).
The powers of the Board of Directors stand suspended as per Section 7 of the Insolvency and Bankruptcy Code (IBC).
E-voting period concluded on May 29, 2026, with final results to be submitted within stipulated timelines.
The company is currently being managed under the authority of IRP Ms. Sreenivasa Mano Ranjani Medarametla.
👀 What to Watch
Investors should be extremely cautious as the company has entered insolvency proceedings, which poses a high risk to equity value. Monitor NCLT developments and the resolution professional's updates regarding the CIRP process and potential resolution plans.
India Power Corp (DPSCLTD) Concludes Postal Ballot for Director Re-appointment Amidst CIRP
India Power Corporation Limited (formerly DPSC Limited) has concluded its postal ballot process for the re-appointment of Mr. Anil Kumar Jha as an Independent Director for a second five-year term (2026-2031). Crucially, the company entered the Corporate Insolvency Resolution Process (CIRP) on May 15, 2026, following an NCLT order, which has led to the suspension of the Board of Directors' powers. The voting results, conducted under the authority of the Interim Resolution Professional (IRP), are expected to be declared by June 1, 2026.
Key Highlights
Company is currently undergoing Corporate Insolvency Resolution Process (CIRP) as per NCLT Hyderabad order dated May 15, 2026.
Postal ballot held for the re-appointment of Mr. Anil Kumar Jha as Independent Director for a term from June 11, 2026, to June 10, 2031.
E-voting period concluded on May 29, 2026, with the cut-off date for member eligibility set as April 24, 2026.
The powers of the Board of Directors remain suspended; the company is currently managed by IRP Ms. Sreenivasa Mano Ranjani Medarametla.
Final voting results and the Scrutinizer's report are scheduled for submission to stock exchanges within stipulated timelines.
👀 What to Watch
Investors should prioritize monitoring the CIRP and NCLT proceedings over routine management appointments, as insolvency processes carry high risks of equity restructuring or delisting. Avoid new positions until there is clarity on the resolution plan and its impact on minority shareholders.
India Power Corp (DPSCLTD) Enters CIRP; Postal Ballot Held for Director Re-appointment
India Power Corporation Limited (formerly DPSC Limited) has officially entered the Corporate Insolvency Resolution Process (CIRP) following an NCLT Hyderabad order dated May 15, 2026. Consequently, the powers of the Board of Directors have been suspended, and the company is now managed by an Interim Resolution Professional (IRP). A postal ballot was concluded on May 29, 2026, to vote on the re-appointment of Mr. Anil Kumar Jha as an Independent Director for a five-year term starting June 11, 2026. Voting results are expected to be declared by June 1, 2026.
Key Highlights
NCLT Hyderabad Bench-I admitted the company into CIRP on May 15, 2026, under Section 7 of the IBC.
Powers of the Board of Directors are suspended; IRP Ms. Sreenivasa Mano Ranjani Medarametla is in charge.
Postal ballot conducted for the re-appointment of Mr. Anil Kumar Jha as Independent Director for the term 2026-2031.
Remote e-voting period ran from April 30, 2026, to May 29, 2026, with results due by June 1, 2026.
The company was formerly known as DPSC Limited and operates under CIN L40105WB1919PLC003263.
👀 What to Watch
Investors should be extremely cautious as the company is now under insolvency proceedings, which typically poses a high risk of equity dilution or total loss. Monitor the IRP's updates and the eventual resolution plan submitted to the NCLT.
India Power Corp (DPSCLTD) Concludes Postal Ballot for Director Re-appointment Amid CIRP
India Power Corporation Limited (formerly DPSC Limited) has completed a postal ballot process for the re-appointment of Mr. Anil Kumar Jha as an Independent Director for a second 5-year term. However, the company has officially entered the Corporate Insolvency Resolution Process (CIRP) as of May 15, 2026, following an NCLT Hyderabad order. Consequently, the powers of the Board of Directors are currently suspended, and the company is under the authority of an Interim Resolution Professional (IRP). Voting results for the resolution are expected to be declared by June 1, 2026.
Key Highlights
Proposed re-appointment of Mr. Anil Kumar Jha as Independent Director for a 5-year term from June 11, 2026, to June 10, 2031.
Company admitted to Corporate Insolvency Resolution Process (CIRP) by NCLT on May 15, 2026.
Powers of the Board of Directors are suspended; operations are under IRP Ms. Sreenivasa Mano Ranjani Medarametla.
Postal ballot e-voting period concluded at 5:00 P.M. on May 29, 2026.
Scrutinizer report and final voting results to be submitted to stock exchanges by June 1, 2026.
👀 What to Watch
Investors should be highly cautious as the company is now under insolvency proceedings (CIRP), which poses a significant risk to equity value. Monitor NCLT updates and the resolution professional's actions regarding the company's debt restructuring.
India Power Corp (DPSCLTD) Enters Insolvency Process; Board Powers Suspended by NCLT
India Power Corporation Limited (formerly DPSC Limited) has been admitted into the Corporate Insolvency Resolution Process (CIRP) by the NCLT Hyderabad Bench-I via an order dated May 15, 2026. As a result, the powers of the Board of Directors are currently suspended, and the company is under the authority of an Interim Resolution Professional (IRP). Despite the insolvency proceedings, the company concluded a postal ballot on May 29, 2026, regarding the re-appointment of an Independent Director for a five-year term. Shareholders are awaiting the final voting results and further updates on the resolution process.
Key Highlights
NCLT Hyderabad Bench-I admitted the Section 7 IBC application against the company on May 15, 2026.
Powers of the Board of Directors are suspended, with Ms. Sreenivasa Mano Ranjani Medarametla appointed as the IRP.
Postal ballot conducted for the re-appointment of Mr. Anil Kumar Jha as Independent Director for a second term (2026-2031).
The e-voting period concluded on May 29, 2026, with results expected to be declared by June 1, 2026.
The company is now operating under the provisions of the Insolvency and Bankruptcy Code, 2016.
👀 What to Watch
Investors should exercise extreme caution as the commencement of CIRP typically leads to high volatility and potential loss of equity value. Monitor the IRP's updates and the progress of the resolution plan closely.
DPSC Ltd Postpones Management Meeting for FY26 Results to May 30 Amid CIRP Proceedings
India Power Corporation Limited (formerly DPSC Ltd) has postponed its management meeting, originally scheduled for May 27, 2026, to May 30, 2026. The meeting is intended to approve the audited standalone and consolidated financial results for the fiscal year ended March 31, 2026. The company is currently undergoing the Corporate Insolvency Resolution Process (CIRP) following an NCLT order dated May 15, 2026. This postponement occurred because only two members of the suspended board were present at the initial meeting time.
Key Highlights
Company admitted to CIRP by NCLT Hyderabad Bench-I via order dated May 15, 2026
Management meeting for FY26 audited results rescheduled from May 27 to May 30, 2026, at 3:00 P.M.
Postponement triggered by low attendance of only 2 members of the suspended Board of Directors
Trading window for insiders revised and will now remain closed until June 2, 2026
👀 What to Watch
Investors should exercise extreme caution as the company is under insolvency proceedings, which often results in significant equity value erosion. Monitor the upcoming financial results and the resolution professional's updates regarding the CIRP process.
India Power (DPSCLTD) Downgraded to 'B-' Following Initiation of Insolvency Process
The NCLT Hyderabad has admitted a Section 7 insolvency petition against India Power Corporation Limited (formerly DPSC Ltd), initiating the Corporate Insolvency Resolution Process (CIRP). Consequently, Infomerics Ratings has downgraded the company's long-term rating from IVR BBB- to IVR B- and short-term rating from IVR A3 to IVR A4, both with negative implications. The insolvency stems from a corporate guarantee invoked by lenders of its subsidiary, Meenakshi Energy Limited. The company reported a significant net loss of Rs. 234.22 crore for 9MFY26, and the existing Board of Directors has been suspended in favor of an Interim Resolution Professional.
Key Highlights
Long-term rating downgraded from IVR BBB- to IVR B- with Negative Implications
NCLT Hyderabad admitted Section 7 petition on May 15, 2026, initiating CIRP
Reported a net loss of Rs. 234.22 crore in 9MFY26 compared to a profit of Rs. 4.22 crore in FY25
Liquidity is stretched with a bank balance of only Rs. 1.49 crore as of mid-May 2026
Powers of the Board of Directors are suspended and an Interim Resolution Professional (IRP) has been appointed
👀 What to Watch
Investors should exercise extreme caution as the company is now under insolvency proceedings, which often results in significant equity value erosion. Monitor NCLT and NCLAT proceedings for any potential resolution plans or further legal developments.
India Power Corp (DPSC) Admitted to CIRP; Ratings Downgraded to BWR BB
India Power Corporation Limited (formerly DPSC Ltd) has been admitted into the Corporate Insolvency Resolution Process (CIRP) by the NCLT Hyderabad Bench following a petition by State Bank of India. The insolvency process was triggered by a corporate guarantee provided in 2016 for its erstwhile subsidiary, Meenakshi Energy Limited, rather than a direct default on the company's own operations. Consequently, Brickwork Ratings has downgraded the company's bank loan facilities totaling Rs. 106.98 Crores from BWR BBB- to BWR BB. The company's Board of Directors is now suspended, and an Interim Resolution Professional (IRP) has taken control of the management.
Key Highlights
NCLT Hyderabad Bench-I ordered the initiation of CIRP on May 15, 2026, under Section 7 of the IBC.
Brickwork Ratings downgraded Rs. 106.98 Crores of bank loan facilities to BWR BB (Long Term) and BWR A4 (Short Term).
The insolvency is linked to the invocation of a corporate guarantee for Meenakshi Energy Limited, not a default on IPCL's own rated loans.
The company's Board of Directors is suspended, and Ms. Medarametla Srinivasa Manoranjani has been appointed as the IRP.
Ratings remain on 'Watch with Negative Implications' due to the CIRP and separate sub-judice matters involving SREI Equipment Finance.
👀 What to Watch
Investors should be extremely cautious as the admission into CIRP creates significant uncertainty regarding equity value and future operations. It is advisable to monitor the resolution professional's updates and the progress of the insolvency proceedings closely.
India Power Corp (DPSCLTD) Enters Insolvency; Board Suspended; Meeting on May 27 for FY26 Results
India Power Corporation Limited (formerly DPSC Limited) has officially entered the Corporate Insolvency Resolution Process (CIRP) following an NCLT Hyderabad Bench order dated May 15, 2026. As a result, the powers of the Board of Directors have been suspended and vested in an Interim Resolution Professional (IRP). A management meeting is now scheduled for May 27, 2026, to approve the audited financial results for the year ended March 31, 2026. This process marks a critical shift in the company's governance and financial standing.
Key Highlights
CIRP initiated by NCLT Hyderabad Bench-I under Section 7 of IBC effective May 15, 2026
Powers of the Board of Directors suspended and vested in IRP Ms. Sreenivasa Mano Ranjani Medarametla
Management meeting scheduled for May 27, 2026, to approve FY26 audited standalone and consolidated results
Trading window for insiders revised and remains closed until May 29, 2026
Original Board Meeting scheduled for May 20, 2026, stands cancelled due to the insolvency proceedings
👀 What to Watch
Investors should exercise extreme caution as equity value is often significantly impaired or wiped out during insolvency proceedings. Monitor the upcoming FY26 results and any further disclosures regarding the resolution plan.
India Power Corp (DPSCLTD) Enters Insolvency; NCLT Admits Section 7 IBC Application
The Hon’ble NCLT, Hyderabad Bench-I, has admitted a Section 7 application under the Insolvency and Bankruptcy Code (IBC) against India Power Corporation Limited (formerly DPSC Limited). This order, dated May 15, 2026, officially commences the Corporate Insolvency Resolution Process (CIRP) for the company. Ms. Mano Ranjani has been appointed as the Interim Resolution Professional (IRP) to oversee the process. Creditors are required to submit their claims with proof by the deadline of May 29, 2026.
Key Highlights
NCLT Hyderabad Bench-I admitted the insolvency application on May 15, 2026.
Corporate Insolvency Resolution Process (CIRP) has officially commenced for the company.
Ms. Mano Ranjani appointed as the Interim Resolution Professional (IRP) under IBBI regulations.
Creditors must submit their claims with proof on or before May 29, 2026.
The announcement follows a public notice issued in major newspapers on May 18, 2026.
👀 What to Watch
Investors should be extremely cautious as insolvency proceedings typically result in significant equity dilution or total loss for existing shareholders. It is advisable to monitor the resolution plan and NCLT proceedings closely before making any further investment decisions.
NCLT Admits India Power Corp (DPSCLTD) for Insolvency Over Rs 967 Crore SBI Claim
The National Company Law Tribunal (NCLT) Hyderabad Bench has admitted India Power Corporation Limited (formerly DPSC Ltd) into the Corporate Insolvency Resolution Process (CIRP). The petition was filed by State Bank of India (SBI) regarding the company's failure to honor corporate guarantees for loans sanctioned to Meenakshi Energy Limited. SBI had issued demand notices for Rs 93.58 crore and Rs 967.22 crore after the principal borrower defaulted on facilities totaling over Rs 1,800 crore. An Interim Resolution Professional (IRP) has been appointed, and the management of the company now vests with the IRP.
Key Highlights
NCLT Hyderabad admitted the Section 7 IBC petition filed by SBI against the company as a Corporate Guarantor.
The default pertains to Phase I and Phase II loan facilities totaling approximately Rs 1,848 crore sanctioned to Meenakshi Energy Limited.
SBI's demand notice in February 2020 sought repayment of Rs 967.22 crore for the Phase I facility alone.
The Supreme Court had previously remanded the matter to NCLT in February 2025 for fresh consideration.
Ms. Medarametla Srinivasa Manoranjani has been appointed as the Interim Resolution Professional (IRP).
👀 What to Watch
The initiation of CIRP is a critical negative event that typically leads to a suspension of trading and significant equity dilution or loss for shareholders. Investors should be extremely cautious as the company's board is now suspended and the resolution process may prioritize creditors over equity holders.
India Power (DPSC) Q3 Profit Rises to ₹3.47 Cr; 9M Loss at ₹234 Cr Due to Slump Sale
India Power Corporation (formerly DPSC) reported a standalone net profit of ₹3.47 crore for Q3 FY26, up slightly from ₹3.23 crore in Q3 FY25. However, the company recorded a significant standalone loss of ₹234.22 crore for the nine-month period ending December 2025, primarily due to a one-time exceptional loss of ₹245.31 crore from the slump sale of its non-regulated business. Total income for the quarter saw a 5% year-on-year decline to ₹148.32 crore. A key concern remains an auditor qualification regarding ₹183.62 crore in outstanding electricity duty which could impact future financials.
Key Highlights
Standalone Q3 FY26 net profit stood at ₹3.47 crore versus ₹3.23 crore in the previous year.
Reported a massive 9M FY26 loss of ₹234.22 crore due to a ₹245.31 crore exceptional item related to business restructuring.
Total income for Q3 FY26 decreased to ₹148.32 crore from ₹156.23 crore YoY.
Statutory auditors issued a qualified opinion concerning ₹18,361.96 lakhs in unpaid electricity duty.
Board approved the appointment of Mr. Naveen Prakash as an Independent Director for a 5-year term starting January 2026.
👀 What to Watch
Investors should exercise caution due to the auditor's qualification on electricity duty and the significant impact of the recent business transfer. While quarterly operational profits are stable, the long-term impact of the non-regulated business exit needs further evaluation.
India Power Corp (DPSC) Q3 Profit at ₹3.47 Cr; Auditor Qualifies ₹183 Cr Electricity Duty Issue
India Power Corporation reported a standalone net profit of ₹3.47 crore for Q3 FY26, a slight increase from ₹3.23 crore in the same quarter last year, despite a revenue dip to ₹144.36 crore. The nine-month performance shows a massive loss of ₹234.22 crore, largely attributed to a one-time exceptional loss of ₹245.31 crore from the slump sale of its non-regulated business. A significant concern remains the auditor's qualification regarding ₹183.62 crore in unpaid electricity duty, which the company hopes to offset against government receivables. Additionally, the board approved the appointment of Naveen Prakash as an Independent Director for a five-year term.
Key Highlights
Standalone Q3 revenue decreased to ₹144.36 crore from ₹150.12 crore in the previous year's quarter.
Net profit for Q3 stood at ₹3.47 crore, up 7.6% compared to ₹3.23 crore YoY.
Recognized a massive exceptional loss of ₹245.31 crore in the nine-month period due to the transfer of the non-regulated business via slump sale.
Auditors issued a qualified opinion regarding ₹183.62 crore in outstanding Electricity Duty as of December 31, 2025.
Regulatory income of ₹16.23 crore was recognized in Q3 to account for future tariff adjustments.
👀 What to Watch
Investors should exercise caution and monitor the resolution of the ₹183.62 crore electricity duty dispute, as an adverse outcome could significantly impact the balance sheet. The long-term impact of the non-regulated business divestment on the company's growth profile also requires further clarity.
India Power Corp Appoints Former IAS Officer Naveen Prakash as Independent Director
India Power Corporation Limited (formerly DPSC Limited) has appointed Mr. Naveen Prakash as an Additional Independent Director for a five-year term starting January 1, 2026. Mr. Prakash is a retired 1987-batch IAS officer with 38 years of extensive experience in public service and administrative assignments. His background includes serving as the Additional Chief Secretary for the West Bengal Government and Chief Vigilance Officer of SAIL. This strategic appointment is expected to strengthen the board's governance and infrastructure-related decision-making capabilities.
Key Highlights
Appointment of Mr. Naveen Prakash as Independent Director for a 5-year term effective January 1, 2026.
Appointee is a retired 1987-batch IAS officer with 38 years of experience in public service and infrastructure.
Previously served as Chief Vigilance Officer (CVO) of Steel Authority of India (SAIL) between 2012 and 2015.
The appointment is subject to shareholder approval and follows the recommendation of the Nomination and Remuneration Committee.
👀 What to Watch
The addition of a highly experienced former bureaucrat to the board is a positive sign for corporate governance and regulatory navigation. Investors should maintain their positions as this strengthens the company's leadership profile.
