IREDA Appoints Jatin Kumar Nayak as CMD

The Ministry of New and Renewable Energy (MNRE) issued an order dated October 29, 2026, conveying the appointment of Shri Jatin Kumar Nayak (DIN: 06940432) to the post of Chairman & Managing Director (CMD) of IREDA.
The appointment is effective from the date of his assumption of charge of the post.
His term will last until the date of his superannuation, which is September 30, 2029, or until further orders, whichever is earlier.
Shri Jatin Kumar Nayak assumed charge as CMD on October 30, 2026 (Afternoon - A/N).
The Board of Directors of IREDA, in its meeting held on October 30, 2026, approved his appointment to the Board and designated him as a Key Managerial Personnel of the Company, effective from October 30, 2026 (A/N).
A declaration was received confirming that Shri Nayak is not debarred from holding the office of Director by virtue of any SEBI Order or other authority.

Consequent to the appointment of Shri Jatin Kumar Nayak, Dr. Bijay Kumar Mohanty (DIN: 08816532), Director (Finance) & CFO, has ceased to hold the additional charge of the post of CMD.
This cessation is effective from October 30, 2026 (Forenoon - F/N).

Education: Holds a master's degree in commerce from Utkal University, Bhubaneswar, Odisha. He is a fellow member of the Institute of Cost and Management Accountants of India (ICMAI) and a qualified Company Secretary.
Immediate Previous Role: Executive Director (Finance) at REC Limited, a Maharatna Central Public Sector Enterprise (CPSE) under the Ministry of Power, Government of India.
Other Previous Roles: Chief Financial Officer of erstwhile REC Transmission Projects Company Limited (a subsidiary of REC). He has also worked with NHPC Limited, Hindustan Copper Limited, National Aluminium Company Limited (NALCO), and Neelachal Ispat Nigam Limited.
Experience: Over 34 years of diverse experience in the power sector, mining, and metals. His expertise includes domestic and international resource mobilization, strategic treasury management, corporate finance, taxation, legal affairs, project appraisal, monitoring, lending operations, loan recovery, and stressed asset management.

A brief resume and other details of the director, as required by the relevant SEBI Circular, are attached as Annexure I (not provided in the source text).