Indian Renewable Energy Development Agency Limited (IREDA) announced the appointment of Shri Jatin Kumar Nayak as its new Chairman & Managing Director (CMD). This appointment, effective October 30, 2026, was made by the President of India. Nayak’s tenure is set to last until his superannuation on September 30, 2029, or further orders. Concurrently, Dr. Bijay Kumar Mohanty has ceased to hold the additional charge of CMD.
Leadership Transition at IREDA
Indian Renewable Energy Development Agency Limited (IREDA) has officially appointed Shri Jatin Kumar Nayak to the crucial role of Chairman & Managing Director (CMD). This significant leadership change comes into effect from October 30, 2026, following an order from the Ministry of New and Renewable Energy (MNRE).
New CMD’s Tenure and Background
Shri Jatin Kumar Nayak’s appointment is effective from his assumption of charge on October 30, 2026 (A/N) and will continue until his superannuation on September 30, 2029, or until further orders are issued. Shri Nayak (DIN: 06940432) is a qualified Company Secretary with extensive experience, including a Master’s degree in Commerce. He has a notable background, having previously held positions such as Executive Director (Finance) at REC Limited and served in various capacities across prominent public sector undertakings.
Board Approval and Key Personnel Changes
The Board of Directors of IREDA, in its meeting held on October 30, 2026, formally approved the appointment of Shri Jatin Kumar Nayak as CMD and designated him as Key Managerial Personnel. Furthermore, it was confirmed that Shri Nayak is not debarred from holding any directorship by any SEBI order or other relevant authorities. Following this appointment, Dr. Bijay Kumar Mohanty, Director (Finance) & CFO, has concluded his additional charge as CMD of IREDA, effective October 30, 2026 (F/N).
Source: BSE
