Mr. Veeresh Devaramani, Senior Vice President – Head of Thermal, has resigned from JSW Energy, effective February 13, 2025, due to personal reasons. His responsibilities will be reassigned to other senior personnel within the company. This transition indicates a potential shift in operational management, possibly impacting the thermal segment. Investors may view this leadership change as a neutral impact, depending on the effectiveness of the incoming personnel in sustaining operational momentum. The overall management structure remains intact, which may help mitigate uncertainty surrounding this resignation.