February 22, 2025 – Jaiprakash Power Ventures Limited (NSE: JPPOWER, BSE: 532627) has announced that Shri Pritesh Vinay (DIN: 08868022) has tendered his resignation as Non-Executive Director, effective February 21, 2025. He has also stepped down from the company's Nomination and Remuneration Committee (NRC).
Key Details of the Resignation:
- Reason for Resignation:
- Cited increasing professional work-related commitments as the reason for stepping down.
- Confirmed that there are no other material reasons for his resignation.
- Date of Cessation: February 21, 2025
- Impact on Board Composition:
- His departure resulted in a vacancy on the Nomination and Remuneration Committee.
Management Acknowledgment:
In his resignation letter, Mr. Vinay expressed gratitude for the opportunity to serve on the board for over four years and commended the company’s leadership under Chairman Shri Manoj Gaur.Jaiprakash Power Ventures Limited is expected to announce a replacement in due course.