Reliance Power’s Board of Directors has approved a major capital-raising initiative of up to ₹9,000 crore, split between ₹6,000 crore through equity and ₹3,000 crore via debentures. The company also announced the appointment of Dr. Avinash Gupta as an Independent Director and M/s Kailash Chand Jain & Co. as the new Statutory Auditor. These strategic decisions follow the approval of the company’s financial results for the quarter and year ended March 31, 2026.
Strategic Capital Raising
To support its future growth and financial structure, the Board has authorized the company to raise up to ₹6,000 crore through the issuance of equity shares or equity-linked instruments. Additionally, the company is set to raise up to ₹3,000 crore through the issuance of secured or unsecured, redeemable, non-convertible debentures. These funding measures are subject to necessary approvals from shareholders and regulatory authorities.
Leadership and Governance Updates
In a move to strengthen corporate governance, Dr. Avinash Gupta has been appointed as an Additional Director in the capacity of Independent Director for a five-year term. Furthermore, M/s Kailash Chand Jain & Co., Chartered Accountants, has been appointed as the Statutory Auditor of the company for a period of five consecutive years, starting from the conclusion of the 32nd Annual General Meeting.
Financial Overview (FY 2026)
The company reported consolidated revenue from operations of ₹7,61,971 lakh for the financial year ended March 31, 2026. While the company continues to navigate challenges related to ongoing litigation and external investigations, it remains committed to its operational performance and the time-bound monetization of its subsidiaries’ assets to manage its liabilities effectively.
Operational Context
The Board meeting, which took place on May 21, 2026, also reviewed the status of various subsidiaries, including Rajasthan Sun Technique Energy Private Limited (RSTEPL) and Samalkot Power Limited (SMPL). Despite the material uncertainties and challenges noted by auditors regarding these entities, the parent company maintains that it is well-positioned to meet its obligations in the ordinary course of business through its strategic asset monetization plans.
Source: BSE
