Torrent Power Limited has announced significant changes in its Key Managerial Personnel. Saurabh Mashruwala has resigned as Chief Financial Officer (CFO) and Whole Time Key Managerial Personnel, effective August 20, 2026, due to planned retirement. Subsequently, Vikas Poddar has been appointed as the new CFO and Whole Time Key Managerial Personnel, commencing his role on August 21, 2026. Both individuals will be authorized to determine materiality and make disclosures to stock exchanges.
Torrent Power Announces Key Managerial Changes
Torrent Power Limited has officially disclosed changes within its senior management team following a Board of Directors meeting held on August 20, 2026. The company has accepted the resignation of Saurabh Mashruwala from his positions as Chief Financial Officer (CFO) and Whole Time Key Managerial Personnel. His tenure concluded at the close of business hours on August 20, 2026, attributed to his planned retirement.
New CFO Appointed
Following Mr. Mashruwala’s departure, the Board has approved the appointment of Vikas Poddar as the new Chief Financial Officer and Whole Time Key Managerial Personnel. Mr. Poddar’s appointment is effective from August 21, 2026. Both Mr. Mashruwala and Mr. Poddar were authorized to determine the materiality of events and make necessary disclosures to stock exchanges, in line with regulatory requirements.
Saurabh Mashruwala’s Transition
Saurabh Mashruwala’s resignation comes after a period of service, with his retirement being the primary reason. He expressed commitment to ensuring a smooth transition and will continue to cooperate in the handover process. His contributions to the company were acknowledged, and well wishes were extended for his future endeavors.
Vikas Poddar’s Profile
Vikas Poddar brings extensive experience to his new role. He holds an MBA from the National University of Singapore and is a Chartered Accountant with over 27 years of professional experience. Prior to joining Torrent Power, he served as the CFO at Indus Towers, a prominent telecommunications infrastructure company. His career also includes significant leadership roles at Vodafone and ITC Limited, focusing on financial strategy, planning, and performance improvements.
Source: BSE
