Shareholders approve one director appointment, four re-appointments and new Secretarial Auditor at 42nd AGM
Maheswar Sahu appointed Non-Executive Non-Independent Director (from Sept 24, 2026).
By ScoutQuest · · 2 min read
- AGM Date
- September 24, 2026
- Director Appointed
- Maheswar Sahu as Non-Executive Non-Independent Director from Sept 24, 2026
- Directors Re-appointed
- Renu Naresh Oberoi and Pradeep Omprakash Gupta as Whole-time Directors for 3 years from April 1, 2027
- Independent Directors Re-appointed
- Udaya Shankar Jena and Sunil Godwin Lobo for second terms of 5 years from June 24, 2027 and June 27, 2027 respectively
- Secretarial Auditor Appointed
- M/s. Martinho Ferrao & Associates for 5 years, FY 2026-27 to FY 2030-31
What was approved
The members of the Company approved a set of board and auditor resolutions at the 42nd Annual General Meeting held on September 24, 2026.
Board changes
- Mr. Maheswar Sahu appointed as Non-Executive Non-Independent Director with effect from September 24, 2026. A 1980-batch IAS officer with over 33 years of experience with the Government of India and Gujarat, retiring as Additional Chief Secretary, Industries and Mines Department. He sits on boards including Ambuja Cements, Maruti Suzuki India, FYNX Capital and Diamond Power Infrastructure, and had earlier served as an Independent Director of the Company for more than 7 years.
- Ms. Renu Naresh Oberoi re-appointed Whole-time Director for a further term of 3 consecutive years from April 1, 2027. She is a member of the Promoter group, with the Company since 2012, and has over 12 years of experience across wind power operations and corporate functions. She is a relative of Mr. Bharat Oberoi and Mr. Jai Ram Oberoi.
- Mr. Pradeep Omprakash Gupta re-appointed Whole-time Director for a further term of 3 consecutive years from April 1, 2027. He joined as Vice-President (Corporate Affairs) in 2004, became Whole-time Director from September 2, 2016, and has more than 34 years of managerial experience. He oversees strategy, investments and operations of the Wind Division.
- Mr. Udaya Shankar Jena re-appointed Independent Director for a second term of 5 consecutive years from June 24, 2027. He has over 20 years of management experience, previously with SBI Gilts and Societe Generale, and chairs the Audit Committee.
- Mr. Sunil Godwin Lobo re-appointed Independent Director for a second term of 5 consecutive years from June 27, 2027. He has more than 29 years in corporate and investment banking and currently heads Corporate Banking for Doha Bank in India.
Both Independent Directors confirmed they meet the independence criteria and are not debarred from holding office by SEBI or any other authority.
Secretarial Auditor
- M/s. Martinho Ferrao & Associates, Practicing Company Secretaries, Mumbai, a Peer Reviewed firm, appointed as Secretarial Auditors for a term of 5 consecutive years from FY 2026-27 up to FY 2030-31.
What it means for investors
These are governance and continuity decisions. The executive leadership in the Wind Division and corporate functions continues for another three-year cycle, both Independent Directors continue into second five-year terms, and a former long-serving Independent Director returns in a non-independent capacity. No financial transaction or business change is involved.
More numbers
- Sahu's experience with Govt of India and Gujaratover 33 years
- Sahu's earlier tenure as Independent Director of the Companymore than 7 years
- Oberoi re-appointment term as Whole-time Director3 (three) consecutive years
- Oberoi's experienceover 12 years
- Gupta re-appointment term as Whole-time Director3 (three) consecutive years
- Gupta's managerial experiencemore than 34 years
- Jena second term as Independent Director5 (five) consecutive years
- Jena's management experiencemore than 20 years
- Lobo second term as Independent Director5 (five) consecutive years
- Lobo's banking experiencemore than 29 years
- Secretarial Auditor term5 (five) consecutive years
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