ADANI POWER LTD.

Adani Power Limited has received a Letter of Award (LoA) from Uttarakhand Power Corporation Limited (UPCL) for a long-term Power Supply Agreement (PSA). The contract is for the supply of 1,234 MW ex-bus net power (1,320 MW installed capacity) from thermal power. This award is contingent upon the approval of the tariff by the Hon'ble Uttarakhand Electricity Regulatory Commission under Section 63 of the Electricity Act, 2003. The PSA is for a duration of 25 years. The company was declared the successful bidder in a tender floated by UPCL. The LoA was received on October 13, 2026.

GQG Partners LLC, acting as investment manager for certain entities, has sold 5,039,326 equity shares of Adani Power Limited through on-market transactions. This sale represents a decrease of 0.03% in their total shareholding, bringing their post-transaction holding to 5.72% from a previous 5.74%. The transactions occurred through multiple on-market sales between August 16, 2023, and October 6, 2026. The total equity share capital of Adani Power remains unchanged at INR 19,284,694,705, divided into 9,642,347,353 equity shares with a face value of INR 2 each.

Adani Power Limited (APL) and Druk Green Power Corp. Ltd. (DGPC), Bhutan's state-owned utility, have signed a Shareholders Agreement (SHA) to establish a 770 MW Chamkharchhu Hydropower Project in Thimpu, Bhutan. The agreement, signed on October 5, 2026, outlines a joint incorporation of a public company in Bhutan with a 49:51 shareholding between APL and DGPC, respectively. This project is part of a larger strategic partnership between Adani Group and the Royal Government of Bhutan for hydropower development. The SHA details terms including board appointments, capital contributions, and standard clauses like pre-emptive rights and non-compete provisions. Initially, the project company will issue shares valued at BTN 100 per share.

Adani Power Limited, along with directors Mr. Gautam S. Adani, Mr. Rajesh S. Adani, and erstwhile director Mr. Vneet Jaain, has reached a settlement with the Securities and Exchange Board of India (SEBI). A Settlement Order has been passed under the SEBI (Settlement Proceedings) Regulations, 2018, resolving proceedings related to alleged violations without admission or denial of guilt. The settlement amount is INR 37,05,000, which is stated to have no material financial impact on the company. The alleged violations pertained to Rule 19A of the Securities Contracts (Regulations) Rules, 1957, clauses of the erstwhile Listing Agreement, and SEBI Listing Regulations.

Adani Power Limited has announced the closure of its trading window from October 1, 2026, to October 26, 2026, in compliance with SEBI regulations. This closure is in anticipation of the Board of Directors meeting scheduled for October 23, 2026, where the Unaudited Financial Results (Standalone and Consolidated) for the quarter and half-year ended September 30, 2026, will be considered and approved. The company will also host an investor/analyst call on October 26, 2026, to discuss these results and the business outlook. Designated persons and their immediate relatives are restricted from trading in the company's securities during this period.

Adani Power Ltd has announced that its Board of Directors will convene on October 23, 2026, to consider and approve the Unaudited Financial Results for the quarter and half-year ended September 30, 2026. The company also informed about the closure of the trading window from October 1, 2026, to October 26, 2026, to prevent insider trading. An investor/analyst call is scheduled for October 26, 2026, to discuss the financial results and business outlook.

Adani Power Limited (APL) announced that its Scheme of Amalgamation, involving ten wholly owned subsidiaries, has become effective as of September 25, 2026. This follows sanctioning orders from the National Company Law Tribunal (NCLT) benches in Ahmedabad and Mumbai. All conditions for the scheme's effectiveness have been met. Consequently, the ten subsidiaries, including Adani Power Dahej Limited and Vidarbha Industries Power Limited, are now amalgamated with APL and dissolved without winding up. The appointed date for the scheme is April 1, 2025.

Adani Power Limited (APL) has received final approval from the National Company Law Tribunal (NCLT), Mumbai Bench, for the amalgamation of its wholly-owned subsidiary, Vidarbha Industries Power Limited (VIPL), with APL. This follows the NCLT Ahmedabad's earlier sanction for the amalgamation of nine other wholly-owned subsidiaries. The appointed date for the scheme is April 1, 2025. The amalgamation is expected to be effective upon completion of the remaining procedural steps, after which APL will update the exchanges. This move consolidates APL's subsidiary structure.

Adani Power Limited (APL) has informed the exchange about the assignment of its 2500 MW Renewable Energy Round-The-Clock (RE RTC) power supply contract with Maharashtra State Electricity Distribution Co. Limited (MSEDCL) to Powerpulse Trading Solutions Limited (PTSL). PTSL is a wholly-owned subsidiary of Adani Energy Solutions Limited. This assignment allows APL to focus on its core thermal, nuclear, and international hydroelectric projects, aligning with its long-term expansion plans and ensuring steady revenue from baseload generation. The original contract was for a 25-year period starting from the Scheduled Commencement Date of Supply.

Adani Power Limited (APL) has received a Letter of Intent (LOI) from the Resolution Professional of GVK Energy Limited (GVKEL) to acquire the company. GVKEL is currently undergoing Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code. The Committee of Creditors (COC) of GVKEL approved APL's resolution plan. GVKEL owns a 330 MW hydroelectric power plant in Uttarakhand through its subsidiary Alaknanda Hydro Power Company Limited. The acquisition is subject to approvals from the National Company Law Tribunal and other regulatory authorities.