What was filed
IREDA told the exchanges that Shri Pradip Kumar Das has ceased to be Chairman & Managing Director with effect from 1 July 2026, upon reaching the age of superannuation on 30 June 2026. The same filing reports that, per a Ministry of New and Renewable Energy order dated 30 June 2026, Dr Bijay Kumar Mohanty — the company's Director (Finance) and Chief Financial Officer — has been entrusted with the additional charge of CMD, assuming the role on 1 July 2026.
An interim, not a permanent, arrangement
The filing is explicit that this is a stopgap appointment. The additional charge runs for three months from the date of assumption, or until a regular incumbent is appointed, or until further orders — whichever is earliest. In practical terms, the top job is being held by an internal officer while the government works through a regular selection, and no permanent CMD is named in this disclosure.
Who is stepping in
Per the filing, Dr Mohanty has served as IREDA's Director (Finance) since 12 October 2023 and continues as CFO and as a director on the board of the company's IFSC subsidiary. The company describes over 27 years of experience across the Indian power sector — in finance, treasury, project appraisal and related functions — including prior roles at REC Limited and RECPDCL. He now holds the CMD charge alongside his existing finance responsibilities.