RELIANCE POWER LTD.

Reliance Power Ltd and its subsidiary Reliance CleanGen Limited have received a Pre-Cognizance notice under Section 223 of the Bharatiya Nagarik Suraksha Sanhita, 2023. This notice pertains to a complaint filed by the Enforcement Directorate (ED) for an alleged amount of approximately ₹715 crore under sections 3 and 4 of the Prevention of Money Laundering Act (PMLA). The case involves Reliance Home Finance Limited & Others. The company is currently assessing the expected financial implications and plans to take appropriate legal steps to protect its interests.

Reliance Power Ltd held its 32nd Annual General Meeting (AGM) on August 14, 2026. The company announced that all resolutions presented at the AGM were passed with overwhelming support, including the adoption of audited financial statements, appointment of a director, and appointment of statutory auditors. The voting results, including remote e-voting and e-voting at the meeting, showed near-unanimous approval across all resolutions, with promoters and public shareholders voting in favor.

Reliance Power Ltd has submitted the Monitoring Agency Report for the quarter ended June 30, 2026, prepared by Infomerics Valuation and Rating Limited. The report pertains to the utilization of proceeds from a Preferential Issue of Warrants. According to the report, there were no deviations from the objects for which the funds were raised. However, the company received lower aggregate proceeds than initially planned due to the lapse of unexercised warrants. The report confirms that the utilization of funds aligns with the stated objectives, and no conflicts of interest were identified by the monitoring agency.

Reliance Power's consolidated Q1 FY27 (quarter ended June 30, 2026) revenue from operations was ₹1,956.32 Cr, up 3.75% YoY (₹1,885.58 Cr in Q1 FY26) and 3.66% QoQ (₹1,887.26 Cr in Q4 FY26). Consolidated PAT was ₹64.71 Cr (EPS ₹0.156), up 44.8% YoY from ₹44.68 Cr, and a sharp swing from the ₹494.00 Cr loss booked in Q4 FY26 — that prior-quarter loss was driven by a one-off ₹381.60 Cr impairment charge on a subsidiary's property, plant and equipment, so the QoQ move is a base effect rather than an operating turnaround; neither the current nor the year-ago quarter carried any exceptional item, so the +44.8% YoY PAT growth needs no adjustment. Standalone PAT was ₹3.20 Cr versus ₹1.90 Cr YoY, but the standalone entity is effectively a non-operating holding shell — revenue from operations was just ₹0.20 Cr, with the ₹3.20 Cr profit coming almost entirely from ₹25.11 Cr of other income against ₹12.90 Cr of finance costs. Consolidated net profit margin (PAT/total income) expanded to 3.08% from 2.21% a year ago, while operating margin (revenue less fuel, employee and generation/admin costs, as a % of revenue) eased to about 28.8% from 30.0% YoY. The PAT improvement was driven less by the topline — up just 3.75% — than by expense mix: finance costs fell to ₹386.63 Cr from ₹425.87 Cr YoY and generation/admin/other expenses fell to ₹296.65 Cr from ₹327.26 Cr, even as fuel cost, the largest expense line, rose to ₹1,031.92 Cr from ₹935.73 Cr in step with higher revenue. Total tax expense was ₹51.22 Cr on a PBT of ₹115.93 Cr, a roughly 44% effective rate split between ₹29.15 Cr current and ₹22.07 Cr deferred tax. There is no prior guidance or concall commentary on record for Reliance Power, and no management press release on this result was available for this analysis, so neither can be checked against the print. A web search for analyst estimates on this quarter surfaced no dedicated Reliance Power coverage — only unrelated Reliance Industries Q1 FY27 previews — consistent with the stock's thin institutional coverage, so vsStreet is marked unknown rather than assumed. The quarter's more consequential development sits outside the P&L: SMPL's lender invoked Reliance Power's corporate guarantee over a ₹1,841.96 Cr default and has moved to initiate Corporate Insolvency Resolution Process (CIRP) under Section 7 of the IBC against the Parent Company itself during the quarter — both the standalone and consolidated auditors have flagged material going-concern uncertainty as a result, layered on pre-existing issues at RSTEPL (₹2,295.61 Cr of defaulted borrowings, negative net worth of ₹2,645.80 Cr). Separately, 34.32 Cr warrants lapsed unconverted this quarter, forfeiting ₹302.62 Cr of application money (an other-equity item, not routed through this quarter's P&L), and the company remains under simultaneous ED investigation (PMLA, with provisional asset attachments extended), an EOW chargesheet, and a CBI search tied to Reliance Commercial/Home Finance transactions (post quarter-end) — none of which register in the reported numbers but all of which bear on the going-concern qualification the auditors have already raised.

Reliance Power Ltd announced that its Board of Directors will convene a meeting on Thursday, August 06, 2026. The primary agenda for this meeting is to consider and approve the unaudited financial results, both standalone and consolidated, for the quarter ended June 30, 2026. Additionally, the company informed that the trading window for its Designated Persons is already closed from July 01, 2026, and will remain closed until 48 hours after the board meeting's outcome is made public, in compliance with SEBI regulations.

Reliance Power Ltd has issued a notice regarding its 32nd Annual General Meeting (AGM) scheduled for August 14, 2026, at 12:00 Noon IST, to be conducted via Video Conferencing. The company is sending the AGM notice and the Annual Report for FY 2025-26 electronically to members with registered email addresses. For members whose email addresses are not registered, the company is providing web links and QR codes to access these documents, in compliance with SEBI regulations. Members are encouraged to update their email IDs and other details with the company or its registrar, KFintech, and consider dematerializing physical shareholdings.

Reliance Power Ltd has submitted its Business Responsibility and Sustainability Report (BRSR) for the financial year 2025-26, in compliance with SEBI regulations. The report, which is part of the Annual Report and available on the company's website, details the company's corporate identity, business activities, operational locations, and employee statistics. The company's primary business activity is electric power generation, accounting for 100% of its turnover. The BRSR is prepared on a consolidated basis and has been assured by M/s. Shailesh Haribhakti & Associates with reasonable assurance. The report also includes data on employee demographics, gender diversity in leadership roles, and turnover rates.

Reliance Power Ltd has announced its 32nd Annual General Meeting (AGM) to be held on Friday, August 14, 2026, at 12:00 Noon IST. The meeting will be conducted through Video Conferencing/Other Audio-Visual Means. The company has also released its Annual Report for the financial year 2025-26, which includes the Notice of the AGM, Directors' Report, Management Discussion and Analysis, Business Responsibility and Sustainability Report, Corporate Governance Report, and Financial Statements. Shareholders will have the opportunity to cast their votes electronically on all resolutions.

Reliance Power Ltd has issued a notice for its 32nd Annual General Meeting (AGM) scheduled for Friday, August 14, 2026, at 12:00 Noon (IST). The meeting will be conducted through Video Conferencing/Other Audio-Visual Means. The company has also released its Annual Report for the financial year 2025-26, which includes audited financial statements, the Board of Directors' report, and the Auditors' report. Key agenda items include the adoption of financial statements, the re-appointment of a director retiring by rotation, and the appointment of statutory auditors, M/s. Kailash Chand Jain & Co., for a term of five years. E-voting facilities will be available for all resolutions.

Reliance Power Ltd has disclosed that the Central Bureau of Investigation (CBI) conducted a search and seizure operation at its registered office. The operation has concluded, and the company stated full cooperation with the investigating authority. The investigation is in connection with transactions involving Reliance Commercial Finance Limited and Reliance Home Finance Limited. The company asserts that this action has no impact on its business operations, which continue as normal.