India Power Corporation Limited Completes Transition Following CBO Resignation During CIRP
India Power Corporation Limited, formerly DPSC Limited, confirmed the resignation of its Chief Business Officer, Pramod Singh, while the company remains under the Corporate Insolvency Resolution Process (CIRP).The company is currently undergoing proceedings under the Insolvency and Bankruptcy Code, 2016. The Hon'ble National Company Law Tribunal (NCLT), Hyderabad Bench-1, admitted an application under Section 7 of the IBC on May 15, 2026, thereby commencing the Corporate Insolvency Resolution Process (CIRP). Due to this proceeding, the powers of the Board of Directors of the Company stand suspended.
The Interim Resolution Professional of the Company accepted the resignation of Mr. Pramod Singh, who held the position of Chief Business Officer and was designated as Senior Management Personnel. The resignation is effective from May 31, 2026.
The details surrounding this transition are as follows:
| Particulars | Information |
|---|---|
| Reason for change | Resignation |
| Date of cessation | May 31, 2026 |
This management change occurred as the Company continues to navigate the Corporate Insolvency Resolution Process.
DPSCLTD Stock Price Movement
On Friday, DPSC Limited shares edged higher to close at ₹8.47, gaining 0.35% for the period. The stock settled on the day with a volume of 119,731 shares traded, finishing near the top of its trading band.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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