RELIANCE POWER LTD.

Reliance Power Limited is strategically entering the Artificial Intelligence (AI) and new-age technology sector. The company, through its subsidiaries, has undertaken steps to incorporate AI and related technology-driven activities into its business framework. This includes updating the business objects of its subsidiaries to cover AI and technology-enabled services. Consequently, four subsidiaries have been renamed: Reliance AI Green Power Private Limited, Reliance AI Power Private Limited, Reliance AI Data Control Private Limited, and Reliance AI Data C Private Limited. This move signals the company's intent to diversify and leverage emerging technologies.

Reliance Power Ltd has announced the closure of its trading window for designated persons. This closure is in accordance with SEBI regulations and the company's internal code of conduct. The window will be shut from July 1, 2026, until 48 hours after the declaration of the unaudited financial results for the quarter ending June 30, 2026. This measure is standard practice to prevent potential insider trading during periods of sensitive financial information disclosure.

Reliance Power Ltd's board meeting on May 21, 2026, approved the appointment of Dr. Avinash Gupta as an Additional Director in the capacity of Independent Director for a 5-year term, subject to member approval. Additionally, M/s Kailash Chand Jain & Co. were appointed as the Statutory Auditor for five years, also pending member approval. The board also approved seeking authorization to raise up to ₹6,000 crore through equity or related instruments and ₹3,000 crore via debentures.

The Board of Directors of Reliance Power Ltd approved the audited financial results for the year ended March 31, 2026. Additionally, the board approved the appointment of Dr. Avinash Gupta as an Additional Independent Director for 5 years and M/s Kailash Chand Jain & Co. as the Statutory Auditor for 5 years, subject to member approval. The board also approved seeking authorization for raising funds up to ₹6,000 crore through equity or equity-linked instruments and ₹3,000 crore via debentures.

Reliance Power Ltd. announced its audited financial results (standalone and consolidated) for the quarter and year ended March 31, 2026. The Board of Directors approved these results on May 21, 2026. Additionally, Dr. Avinash Gupta was appointed as an Additional Independent Director for a 5-year term, and M/s Kailash Chand Jain & Co. was appointed as the Statutory Auditor for five years, both subject to member approval. The board also approved seeking authorization to raise up to ₹6,000 crore through equity or equity-linked instruments and ₹3,000 crore through debentures.

Reliance Power Ltd disclosed the confirmation of the provisional attachment of certain assets amounting to ₹407.60 crore by the Adjudicating Authority under PMLA. The company received the order on May 20, 2026, related to alleged violations of PMLA. Reliance Power plans to file an appeal challenging the attachment. The company states that the attachment does not impact its business operations. The attachment is applicable for up to 365 days, subject to the outcome of the appeal and further proceedings.

Reliance Power Ltd has scheduled a Board of Directors meeting on May 21, 2026, to consider and approve the audited financial results for the quarter and financial year ended March 31, 2026. The board will also consider and approve raising long-term resources through the issuance of equity shares or other securities via preferential issue, qualified institutional placement, foreign currency convertible bonds, or Non-Convertible Debentures.

Reliance Power Ltd's monitoring agency, Infomerics Valuation and Rating Limited, submitted its report for the quarter ended March 31, 2026, regarding the utilization of proceeds from the preferential issue of warrants. The report, dated May 15, 2026, indicates no deviations from the stated objectives. The Audit Committee and Board of Directors reviewed the report, which was prepared in accordance with SEBI regulations.

Reliance Power announced that Export Import Bank of the United States (US Exim) has filed an application under Section 7 of the IBC, 2016, against the company. This action alleges a default of US$ 165.41 million debt by Samalkot Power Limited (SPL), a subsidiary, which is guaranteed by Reliance Power. The company had previously disclosed on July 1, 2025, that SPL had filed an application before the London Court of International Arbitration on June 29, 2025, against US Exim and Citibank N.A., arguing that the debt is not due and is pending adjudication. Reliance Power stated that the current IBC application is not legally tenable and will be appropriately contested, with the company taking all necessary steps to protect its interests.

Reliance Power Ltd has announced that 21.82 crore outstanding warrants, previously issued by the company, have lapsed. This occurred because the warrant holders failed to convert them into equity shares within the stipulated 18-month period. Consequently, the amount initially paid on these warrants has also been forfeited. This update is in accordance with Regulation 30 of the Listing Regulations, 2015, and related SEBI Circulars. The lapsing of these warrants prevents potential equity dilution that would have occurred upon their conversion.