Reliance Power Limited announced the approval of its unaudited financial results for the quarter and half year ended September 30, 2026. The Board of Directors also approved the appointment of Shri Rajendra Vishwanath Pawar as the Chief Financial Officer (CFO) with immediate effect. Consequently, Shri Neeraj Parakh resigned as Interim CFO, while continuing his roles as Executive Director and CEO.
Financial Results and Board Decisions
Reliance Power Limited convened a Board of Directors meeting on November 12, 2026, where the company’s unaudited financial results for the quarter and half year ended September 30, 2026, were approved. These results, presented on a consolidated and standalone basis, were reviewed by the statutory auditors. The financial statements, along with the limited review reports, will be published in accordance with the Listing Regulations.
Key Leadership Appointment
In a significant move for the company’s financial leadership, the Board approved the appointment of Shri Rajendra Vishwanath Pawar as the Chief Financial Officer (CFO). This appointment is effective immediately. Following this, Shri Neeraj Parakh stepped down from his role as Interim CFO, retaining his positions as Executive Director and Chief Executive Officer.
Disclosures and Auditor’s Report
The company also provided disclosures as per SEBI regulations. The accompanying financial statements were prepared in accordance with Indian Accounting Standards. The auditors, Kailash Chand Jain & Co., conducted a limited review. Their report highlighted several matters, including material uncertainties related to going concern for certain subsidiaries (Rajasthan Sun Technique Energy Private Limited and Samalkot Power Limited) and qualified conclusions regarding impairment assessments and recoverability of receivables for Dhursar Solar Power Private Limited. The auditors also noted ongoing investigations by the Enforcement Directorate (ED) and Central Bureau of Investigation (CBI) but concluded that these did not materially affect the accompanying financial statements.
Source: BSE
