New Delhi: Indian Renewable Energy Development Agency (IREDA) has announced that the tenure of its Independent Directors Rohini Rawat and Ram Nihal Nishad concluded on March 5, 2026.
The development follows the order issued by the Ministry of New and Renewable Energy dated March 6, 2023, under which both directors had been appointed as Part-time Non-Official (Independent) Directors of the company. Their tenure officially ended on March 6, 2026.
Compliance with SEBI Listing Regulations
IREDA disclosed the completion of the directors’ tenure to BSE Limited and National Stock Exchange of India in accordance with Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations.
The company confirmed that all required disclosures related to the cessation of the two independent directors have been duly filed with the stock exchanges, ensuring transparency and compliance with corporate governance norms.
Read also: IREDA Announces Key Management Restructuring, Appoints Tusar Kant Parida as Key Managerial Personnel
Contributions of the Outgoing Directors
Rohini Rawat
During her tenure as an Independent Director, Rohini Rawat contributed to strengthening the company’s governance practices and strategic oversight. Her role involved guiding management on policy frameworks and ensuring that corporate decisions aligned with regulatory standards and long-term institutional goals.
Ram Nihal Nishad
Ram Nihal Nishad also served as an Independent Director, providing advisory support on governance matters and policy initiatives. His contributions included strategic insights related to the renewable energy sector and oversight of corporate decision-making processes.
Both directors played a role in supporting IREDA’s efforts to expand financing for renewable energy projects and enhance institutional governance.
Vacancies Yet to Be Filled
Following the completion of their tenure, the positions held by Rohini Rawat and Ram Nihal Nishad on the Board are currently vacant. The company has not yet announced new appointments to replace them.
Future nominations are expected to follow the guidelines and approval process set by the Ministry of New and Renewable Energy and regulatory authorities.
Strengthening Governance in the Renewable Energy Sector
IREDA continues to align its governance practices with regulatory standards and government policies. The company regularly updates its board composition in accordance with guidelines issued by the ministry and market regulators, ensuring effective oversight and strategic leadership.
As India accelerates its transition toward clean energy, robust governance structures remain critical for institutions like IREDA that play a central role in financing renewable energy development.
About IREDA
Indian Renewable Energy Development Agency Limited (IREDA) is a Government of India enterprise under the Ministry of New and Renewable Energy. It plays a crucial role in promoting, developing, and financing renewable energy and energy efficiency projects across India. IREDA supports solar, wind, hydro, biomass, and emerging clean energy initiatives, contributing significantly to India’s renewable energy targets and sustainable development goals.
