Reliance Power’s Executive Director and CFO, Ashok Kumar Pal, has resigned effective October 11, 2025, due to an ongoing investigation. Pal communicated his decision to the Board through his counsel, maintaining his innocence. The resignation follows his arrest on October 10, 2025, related to an Enforcement Directorate case. The company has attached requisite disclosure concerning the resignation.
Executive Director’s Departure
Ashok Kumar Pal, the Executive Director and CFO of Reliance Power Limited, has tendered his resignation. The resignation, effective October 11, 2025, is connected to an ongoing investigation.
Circumstances of Resignation
Pal communicated his decision to resign to the Board of Directors through his legal counsel. He stated he was the original complainant in an FIR dated November 11, 2024, which led to an Enforcement Directorate case where he was arrested on October 10, 2025. Considering the investigation’s pendency, he tendered his resignation.
Executive’s Statement
In his statement, Ashok Kumar Pal maintained his innocence, stating he is not involved in any wrongdoing. He is tendering his resignation considering his arrest and the pending investigation until his name is cleared. A formal letter of resignation will follow on October 13, 2025.
Source: BSE
