Reliance Power Limited — Others, 21-02-2025: Amendment to AOA/MOA

Reliance Power Limited has approved amendments to its Articles of Association, specifically to remove certain provisions granting special rights to the promoter, subject to shareholder approval through a postal ballot. The ballot will take place from February 22 to March 23, 2025, with results expected by March 25. Additionally, the company has proposed the appointment of Dr. Thomas Mathew as an Independent Director and regularization of Shri Neeraj Parakh as Executive Director and CEO, reflecting a strategic focus on enhanced governance and leadership continuity. This development may enhance investor confidence, positioning the company for potential positive shifts in operations and governance alignment.