Indian Renewable Energy Development Agency CTO Jatin Kumar Nayak appointed
Indian Renewable Energy Development Agency (BSE: IREDA) said Jatin Kumar Nayak, CTO, has been appointed; and Bijay Kumar Mohanty, Chairman, has ceased. The company is valued at about ₹27,952 crore.
What happened
Indian Renewable Energy Development Agency (BSE: IREDA) informed the stock exchanges on 30 October 2026 at 09:20 PM that Jatin Kumar Nayak, CTO, has been appointed; and Bijay Kumar Mohanty, Chairman, has ceased.
From the filing: "Further, the Board of Directors in its meeting held on October 30, 2026, has approved the appointment of Shri Jatin Kumar Nayak (DIN:-06940432) as Chairman & Managing Director on the Board of the Company and designated him as Key Managerial Personnel of the Company w.e.f October 30, 2026 (A/N)."
Company snapshot
Indian Renewable Energy Development Agency is a small-cap company in the Financial Services sector, with a market value of about ₹27,952 crore.
The stock last traded at ₹99.5, against a 52-week range of ₹98.78–₹156.7 (36.5% below the high).
Before this filing the shares had moved −11.2% over the month and −16.7% over three months. Average daily turnover over the last 20 sessions was about ₹52.92 crore.
Promoters held 71.76% at the end of Q1 FY27. Foreign institutions owned 2.48% and domestic institutions 2.40%.
| Quarter | Revenue | Net profit | EPS (₹) |
|---|---|---|---|
| Q1 FY26 | 1,948 | 266.2 | 0.91 |
| Q2 FY26 | 2,057 | 614.8 | 1.97 |
| Q3 FY26 | 2,130 | 537 | 2.09 |
| Q4 FY26 | 2,175 | 492.6 | 1.76 |
| Q1 FY27 | 2,249 | 338.5 | 1.21 |
What history shows
BCEIE's records show 7 previous management change filings from the company since May 2026.
After those filings, the stock gained 0.1% on average the next trading day and was up 0.0% on average after five days (7 filings with price data).
Across 300 similar disclosures by other Financial Services companies, shares moved −0.3% on average the next day and −1.0% over five days; 48% of them rose the next day.
Market-wide, 4,075 management change filings with an impact score of 50 or more saw an average next-day move of −0.1%, with 44% rising.
Past reactions describe what happened before; they are not a forecast.
| Date | Filing | Next day | 5 days |
|---|---|---|---|
| 1 Oct 2026 | Extension of Additional Charge of post of the Chairman & Managing… | −1.8% | — |
| 22 Aug 2026 | Management change | +4.9% | +1.3% |
| 19 Aug 2026 | Management change | −0.3% | +3.1% |
| 18 Aug 2026 | Change in Director(s) of the company. | −0.3% | +3.1% |
| 3 Aug 2026 | Re-Appointment Of M/S R.M. Bansal & Co., Cost Accountants… | −1.9% | −3.5% |
What to watch
- The appointment of a successor and any change in strategy or guidance.
In the news
Recent coverage elsewhere (links open the original publisher):
- IREDA Q2 Results: Net Profit rises marginally to Rs 552 crore as expenses rise
- Indian Renewable Energy Development Agency Limited Reports Earnings Results for the Second Quarter and Six Months Ended September 30, 2026
- Ireda net profit grows to Rs 554 cr in Sep qtr
- Indian Renewable Energy Development Agency Ltd. Estimates – NSE:IREDA
- IREDA Q2 Results: Operating profit rises 17%, bad loans ease
Source
Automatically written from the exchange filing and BCEIE data. Not investment advice. Check the original filing before acting on it.