Ashok Kumar Pal, Executive Director and CFO of Reliance Power Limited, has resigned effective October 11, 2025. The resignation is due to an ongoing investigation related to a previously filed FIR where Pal was the original complainant and has now been arrested. Pal maintains his innocence and is cooperating with authorities.
Executive Departure
Reliance Power Limited has announced the resignation of Ashok Kumar Pal from his position as Executive Director and Chief Financial Officer. The resignation took effect on October 11, 2025.
Reason for Resignation
Mr. Pal’s decision to resign stems from an investigation related to an FIR (No. 131/2024, dated November 11, 2024) initially registered by him with the Economic Offences Wing (EOW), New Delhi. Subsequently, the Enforcement Directorate registered an ECIR (ECIR/STF/14/2025, dated June 16, 2025), leading to Mr. Pal’s arrest on October 10, 2025.
Pal’s Statement
In his resignation letter, Mr. Pal stated that he maintains his innocence. He further communicated that he is not involved in any wrongdoing and is tendering his resignation to avoid any conflict of interest while the investigation is conducted.
Source: BSE
