In a move that underscores governance evolution at India’s renewable energy financing agency, Indian Renewable Energy Development Agency Limited (IREDA) has informed the stock exchanges that two of its independent directors have completed their tenure and ceased to be Independent Directors with effect from March 28, 2026. The notice, filed under listing regulations, states that the tenure of both Shabdsharan N. Brahmbhatt and Jaganath C. M. Jodidhar concluded in late March 2026, in line with a Ministry of New and Renewable Energy (MNRE) order dated March 28, 2025. The company has not announced replacements in the communicated disclosure, leaving a period of transition for board composition to unfold.