Indian Renewable Energy Development Agency Director Padam Lal Negi steps down
Indian Renewable Energy Development Agency (IREDA) said Padam Lal Negi, Director, has ceased. The company is valued at about ₹31,312 crore.
What happened
Indian Renewable Energy Development Agency (IREDA) told the exchanges on 6 November 2026 at 05:03 PM that Padam Lal Negi, Director, has ceased.
From the filing: "Reason for change viz., appointment/ Reappointment/resignation/removal/death or otherwise Shri Padam Lal Negi ceased to be Government Nominee Director of the Company due to his repatriation to parent cadre. 2."
Company snapshot
Indian Renewable Energy Development Agency is a mid-cap company in the Financial Services sector, with a market value of about ₹31,312 crore.
The stock last traded at ₹111.5, against a 52-week range of ₹98.78–₹153.5 (27.4% below the high).
Before this filing the shares had moved −2.8% over the month and −12.2% over three months. Average daily turnover over the last 20 sessions was about ₹48.68 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 9 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 −0.2% on average the next day and −0.9% over five days; 51% of them rose the next day.
Market-wide, 4,295 management change filings with an impact score of 50 or more saw an average next-day move of −0.1%, with 45% 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% |
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):
- Indian Renewable Energy Development Agency Ltd. Estimates – NSE:IREDA
- IREDA appoints ex-REC executive Jatin Kumar Nayak as CMD
- Jatin Kumar Nayak Takes Charge As the Chairman And Managing Director Of IREDA
- India’s IREDA seeks cheaper long-term funding for renewable developers
- Jatin Kumar Nayak Takes Charge as IREDA Chairman and Managing Director
Source
Automatically written from the exchange filing and BCEIE data. Not investment advice. Check the original filing before acting on it.