Adani Power Limited announced that based on the recommendations of the Nomination and Remuneration Committee and also of the Audit Committee (where required). the Board of Directors of the company. at its meeting held on July 10. 2020. has considered and approved the change in designation of Mr. Rajesh Adani, Managing Director of the company from "Managing Director" to "Non-Independent Non-Executive Director" with effect from the close of the office hours on July 10. 2020; Appointment of Mr. Anil Sardana as an Additional Director of the and thereafter as a Managing Director of the company with effect from July 11, 2020 without any remuneration for a period of 3 years; Cessation of Mr. Vneet S Jaain as a Whole-time Director of the Company with effect from the close of the office hours on July 10. 2020, on account of his transition to a new role; Cessation of Mr. Suresh Chandra Jain as Chief Financial Officer of the company with effect from the close of the office hours on July 10, 2020, on account of his transition to a new role; and approved the ppointment of Mr. Shailesh Sawa as Chief Financial Officer of the company with effect from July 11. 2020.