Adani Power Limited has announced a key transition within its leadership team concerning the Company Secretary and Compliance Officer role. Mr. Deepak S Pandya will retire from his position due to superannuation effective March 31, 2026. Following this, Mr. Puneet Bansal will take over the mantle as the new Company Secretary and Compliance Officer starting April 1, 2026. The Board approved these changes following recommendations from the Nomination and Remuneration Committee during their meeting on March 17, 2026.
Change in Key Managerial Personnel Announced
Adani Power Limited has formally disclosed upcoming changes concerning the role of Company Secretary and Compliance Officer, designated as a Key Managerial Personnel and Senior Management Personnel. The decision was ratified by the Board of Directors following a recommendation from the Nomination and Remuneration Committee during its meeting held on March 17, 2026.
Cessation of Current Officer
The announcement confirms that Mr. Deepak S Pandya, who has served as the Company Secretary and Compliance Officer since August 2015, will be superannuating from the services of the Company. His cessation from the role will be effective from the closure of business hours on March 31, 2026, concluding over a decade of service.
Appointment of Successor
Effective immediately after Mr. Pandya’s departure, Mr. Puneet Bansal is set to assume the role of Company Secretary and Compliance Officer. His official date of appointment is April 1, 2026, and he will be engaging in a Full Time Employment capacity.
Profile of Incoming Officer
Mr. Puneet Bansal is detailed as a seasoned Legal Professional and Company Secretary with over three decades of experience spanning Corporate Governance, Organisational Restructuring, M&A, and Enterprise Risk Management. He joined the Adani Group in 2021 as the Group Head – Governance & Secretarial, overseeing governance functions across numerous listed and unlisted entities. Prior professional engagements include roles at Pidilite Industries, Grasim Industries, and RP Goenka Group.
Board Meeting Confirmation
The Board Meeting convened at 5:00 p.m. on March 17, 2026, and concluded at 6:35 p.m. after approving these succession plans.
Source: BSE
