K.P. Energy Limited Appoints Prof. Sunil Kumar Maheshwari as Vice Chairman; Amit Khandelwal Resigns
K.P. Energy Limited announced key changes in its board composition following a Board meeting held on July 3, 2026. The board approved the appointment of Professor Sunil Kumar Maheshwari and took note of the resignation tendered by Mr. Amit Khandelwal.The company appointed Prof. Sunil Kumar Maheshwari (DIN: 02317160) as an Additional Director/Whole Time Director designated as Vice Chairman, effective July 3, 2026. This appointment follows a recommendation from the Nomination and Remuneration Committee. The role carries a tenure of five years and is subject to shareholder approval. Prof. Maheshwari has been confirmed as unrelated to any existing directors of K.P. Energy Limited.
Simultaneously, Mr. Amit Khandelwal (DIN: 09287996) tendered his resignation as a Whole-Time Director, effective the same date. While stepping down from this position, Mr. Khandelwal confirmed he will continue to be associated with the company in another capacity.
The Board meeting commenced at 11:50 AM and concluded at 12:15 PM on July 3, 2026.
Details of Director Changes
A summary of the changes in the composition of the Board of Directors is provided below:| Particulars | Prof. Sunil Kumar Maheshwari | Mr. Amit Khandelwal |
|---|---|---|
| Reason for Change | Appointment as Additional Director/Whole Time Director designated as Vice Chairman. | Resignation as Whole-Time Director of the Company. |
| Date and Term | With effect from July 3, 2026, for a period of five (5) years, subject to shareholder approval. | With effect from July 3, 2026. |
Profile of New Vice Chairman
Prof. Sunil Kumar Maheshwari is identified as a distinguished management scholar and former civil servant with extensive experience in leadership, strategy, and organizational transformation. An alumnus of the Indian Institute of Technology (IIT) Delhi, he completed his doctoral program in Management at IIM Ahmedabad. His career includes serving senior roles within the Indian Railways Personnel Service (IRPS).Prof. Maheshwari possesses significant consulting and advisory experience across various sectors, including power, energy, infrastructure, banking, and logistics. His professional engagement with the power and energy sector is well-established, addressing issues such as leadership, organizational effectiveness, and performance management in major organizations. He has also advised government organizations and multinational corporations on strategic transformation and governance.
KPEL Stock Price Movement
As of 12:50 PM, shares of K.P. Energy Limited slip by 1.09% in live trading, currently priced at ₹338.95 following a day-over-day drop of ₹3.75. The equity has seen heavy activity, with over 107,000 shares exchanged and the stock maintaining an intraday range that includes the lower mark of ₹338.15.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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