In a major management rejig that brings in the next generation to helm affairs at Ahmedabad-based Torrent Power Ltd., Chairman Sudhir Mehta's son Jinal Mehta's appointment as managing director was approved by the Board of Directors of the company.
The Board on Wednesday also accepted Sudhir Mehta's desire to relinquish his position as Executive Chairman, in turn requesting him to accept the position of Chairman Emeritus.
The company's Board also approved the appointment of Sudhir Mehta's brother Samir Mehta as Chairman of Torrent Power Limited for a period of five years with effect from April 1, 2018 subject to shareholders' approval in