Adani Energy Solutions Announces Change in Chief Financial Officer Amid Leadership Transition

Adani Energy Solutions Announces Change in Chief Financial Officer Amid Leadership Transition​

Adani Energy Solutions Limited announced a key change in its leadership structure, noting the resignation of its Chief Financial Officer (CFO) and the subsequent appointment of a new CFO and Key Managerial Personnel (KMP).

The Company confirmed that the Board of Directors, during a meeting held on May 30, 2026, accepted the resignation of Mr. Kunjal Mehta as the CFO and Key Managerial Personnel. Mr. Mehta's tenure concluded with effect from the close of business hours on May 30, 2026, citing personal reasons.

Following the resignation, the Board approved the appointment of Mr. Ashok Jagetiya as the new CFO and KMP. This appointment, which is effective from May 31, 2026, was based on the recommendations of the Nomination and Remuneration Committee and the Audit Committee of the Company.

Mr. Ashok Jagetiya brings significant expertise to the role, having a career spanning 30 years in finance and accounting disciplines. He is a Chartered Accountant and possesses deep insight into financial management and strategy, capital allocation, treasury operations, merger & acquisition, governance, statutory compliance, and risk management across varied sectors including FMCG, Energy, Family Office, and Natural Resources.

Jagetiya has been associated with the Adani Group since 2000. His senior leadership experience covers multiple group businesses, including AWL Agri Business Limited (formerly Adani Wilmar Limited), Adani Advisory LLP, and Adani Green Energy Limited, alongside Natural Resource business. Notably, he spent over eight years in Singapore, gaining global experience in trade finance, cross border operations, and strategic business management within the Group's international green energy and natural resource businesses. Prior to this, he served as the Chief Financial Officer at Adani Green Energy Limited and Adani Global Pte Limited, Singapore.

The company also provided a revised list of Key Managerial Personnel (KMP) who are severally authorized to determine materiality of an event or information and make disclosures.

The current list of KMPs is as follows:

ADANIENSOL Stock Price Movement​

On Friday, Adani Energy Solutions Limited shares slipped by 1.63% to settle at ₹1513.3, marking a loss of ₹25.10 for the session. The stock's activity saw it hit a notable 52-week high of ₹1578.5, drawing on a total traded volume of 3.35 million shares.