Jaiprakash Power Ventures Limited has announced a major board restructuring effective May 22, 2026. Following the successful implementation of the resolution plan for its promoter company, the board has appointed three new Additional Directors. Simultaneously, the company has accepted the resignations of three Executive Directors and two Independent Directors, marking a significant leadership transition for the power producer.
Leadership Transition
In a significant move following the implementation of the resolution plan for Jaiprakash Associates Limited on May 21, 2026, the Board of Directors of Jaiprakash Power Ventures has undergone a comprehensive change. The board has approved the appointment of Mr. Savan Jayendra Patel, Mr. Jayadeb Nanda, and Mr. Naresh Telgu as Additional Directors, effective May 22, 2026.
Executive and Independent Director Departures
The company confirmed the resignations of three key Executive Directors: Shri Sunil Kumar Sharma (Vice Chairman & Whole-time Director), Shri Suren Jain (Managing Director & CEO), and Shri Praveen Kumar Singh (Whole-time Director). Each resignation is effective from May 22, 2026.
Additionally, the company has accepted the resignations of two Independent Directors, Shri Dinesh Kumar Likhi and Prof. Suresh Chandra Saxena. Both individuals stepped down citing personal and professional commitments, confirming that there were no other material reasons for their departure.
New Board Profiles
The new appointees bring extensive industry experience to the leadership team:
- Mr. Savan Jayendra Patel: A qualified Chartered Accountant currently serving as the Chief Commercial Officer at Adani Power Limited, with nearly three decades of expertise in power sector commercial operations and fuel procurement.
- Mr. Jayadeb Nanda: An industry veteran with over 34 years of experience, having previously served as the Chief Operating Officer at Adani Power and in senior roles at NTPC.
- Mr. Naresh Telgu: An accomplished executive with over three decades in the energy sector, currently spearheading large-scale pumped storage and hydro projects for the Adani Group across global markets.
Source: BSE
