The board of directors of Torrent Power Limited at their meeting held on February 7, 2018 has acceded to the desire of Shri Markand Bhatt, whole time director of company for relinquishing his position of whole time director and director of the company with effect from close of business hours September 30, 2018. Shri Sudhir Mehta, Chairman of company expressed his desire to relinquish his position as executive chairman of the board of directors and the company from the end of the day March 31, 2018. The board reluctantly acceded to his desire and has also requested him to accept the position of Chairman Emeritus and continue to benefit the company with his considerable wisdom and counsel on key business and strategic matters.

Further Shri Mehta would continue as a permanent director on the board of the company. The board also approved appointment of Shri Samir Mehta, who is currently vice chairman of the company as executive chairman of the board of directors and the company for a period of 5 years with effect from April 01, 2018 by pre-closing his current appointment as Vice chairman, subject to the approval of the shareholders of the company at the upcoming AGM. The board also approved the appointment of Shri Jinal Mehta, currently the Whole-time Director of the company, as managing director and whole-time key managerial personnel of the company for a period of 5 years with effect from April 1, 2018 by pre-closing his current appointment as whole time director subject to the approval of the shareholders of the company at the upcoming AGM.

Additionally Shri Sanjay Dalal is appointed as the CFO and whole time key managerial personal of the company with effect from May 30, 2018 consequent to the relinquishment of such position by shri T.P. Vijayasarathy with effect from closing hoirs of May 29, 2018.