{"url":"https://newsforagent.com/news/2026-11-01/jaiprakash-power-mukesh-shah-independent-director","markdown_url":"https://newsforagent.com/news/2026-11-01/jaiprakash-power-mukesh-shah-independent-director.md","title":"Jaiprakash Power Ventures Appoints Mukesh Shah","headline":"Jaiprakash Power Ventures Adds Mukesh M. Shah as Independent Non-Executive Director","description":"Jaiprakash Power Ventures appointed Mukesh M. Shah as independent non-executive director for a three-year term, effective November 1, 2026.","section":"Leadership","published_at":"2026-11-01T08:18:48+00:00","modified_at":"2026-11-01T08:18:48+00:00","author":"News Desk","key_takeaways":["Mukesh M. Shah assumed office as Independent Non-Executive Director of Jaiprakash Power Ventures on November 1, 2026.","The board approved Shah's appointment on May 4, 2026, and shareholders ratified it at the AGM on July 30, 2026.","Shah's tenure is set for three consecutive years under SEBI Regulation 30 disclosures."],"companies":[{"name":"Jaiprakash Power Ventures","is_primary":true,"profile_url":"https://akta.pro/company-profiles/000f6d6/jaiprakash-power-ventures","website":"http://www.jppowerventures.com"}],"source":{"publisher":"ScanX","title":"Jaiprakash Power appoints Mukesh Shah as independent director","url":"https://scanx.trade/stock-market-news/companies/jaiprakash-power-appoints-mukesh-shah-independent-director/55063526"},"other_sources":[],"tags":["Leadership","Jaiprakash Power Ventures"],"body_markdown":"Jaiprakash Power Ventures appointed Mukesh M. Shah as an Independent Non-Executive Director effective November 1, 2026, for a three-year term, following board approval on May 4, 2026, and shareholder ratification at the AGM on July 30, 2026. [ScanX](https://scanx.trade/stock-market-news/companies/jaiprakash-power-appoints-mukesh-shah-independent-director/55063526) reported the appointment.\n\n## Mukesh Shah's Board Term and Approvals\n\n[Jaiprakash Power Ventures](https://akta.pro/company-profiles/000f6d6/jaiprakash-power-ventures) disclosed that Shah's appointment runs for three consecutive years. The board approved the decision at its meeting on May 4, 2026, and shareholders ratified it at the Annual General Meeting on July 30, 2026.\n\nThe company made the disclosure under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The filing states that all details required under the applicable SEBI circular were furnished in the earlier disclosure dated May 4, 2026.\n\nSavan Jayendra Patel, Whole-Time Director of Jaiprakash Power Ventures, signed the announcement. The communication was addressed to the listing departments of the National Stock Exchange of India Ltd and BSE Limited.\n\n## Adani Power's 24% Stake in Jaiprakash Power Ventures\n\nAccording to akta.pro [company records](https://akta.pro/company-data), Jaiprakash Power Ventures disclosed a change in management in May 2026 following implementation of the approved Jaiprakash Associates resolution plan and the transfer of Jaiprakash Associates' 24% stake to Adani Power Limited. Adani Power acquired that 24% stake from Jaiprakash Associates for ₹2,993.60 crore, within an overall transaction value of ₹4,193.60 crore that included the 180 MW Churk plant and an 11.49% stake in Prayagraj Power Generation Company. The same records list a May 2026 post-IPO secondary round of $309.1 million led by Adani Power.\n\n## Earlier Board and Shareholder Steps\n\nAt the 31st Annual General Meeting on July 30, 2026, shareholders approved all 11 resolutions, with 129 virtual attendees endorsing board appointments, FY26 financial statements and remuneration structures, ScanX reported. In March 2026, the NCLT approved Adani Enterprises' ₹14,535 crore resolution plan for parent Jaiprakash Associates Limited, according to akta.pro company records.\n\n## Other Leadership Changes at Jaiprakash Power Ventures\n\nOn October 19, 2026, the board approved the appointment of Ravi Kapoor as an Independent Director for a three-year term effective that date, ScanX reported. Jigar Dalal was appointed Chief Financial Officer effective November 1, 2026, and Paresh Patel was appointed Company Secretary and Compliance Officer effective December 1, 2026.\n","publisher":{"name":"News for Agent","url":"https://newsforagent.com"}}