Reliance Power Board Meeting Scheduled for May 21, 2026 to Approve FY26 Financial Results and Consider Fund Raising

Reliance Power Limited has informed the stock exchanges that a meeting of its Board of Directors is scheduled for Thursday, May 21, 2026. The intimation was filed on May 17, 2026, pursuant to Regulation 29 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Board Meeting Agenda

The Board meeting has been convened to address two key items. The following table outlines the primary agenda points for the upcoming meeting:

Agenda Item: Details Financial Results: Audited standalone and consolidated results for the quarter and financial year ended March 31, 2026 Fund Raising: Consideration of raising long-term resources via equity shares, equity linked securities, warrants, preferential issue, QIP, FCCBs, NCDs, or any other method Tranches: One or more tranches/series, including determination of issue price Approvals: Members' and other approvals as deemed appropriate by the Board

Fund Raising Instruments Under Consideration

The Board will evaluate raising long-term resources through a range of financial instruments. The instruments being considered include:

Equity shares or equity linked securities

Warrants convertible into equity shares

Preferential issue and/or Qualified Institutional Placement (QIP)

Foreign Currency Convertible Bonds (FCCBs)

Non-Convertible Debentures (NCDs)

Any other method, in one or more tranches or series

The Board will also determine the issue price and seek requisite members' and regulatory approvals as applicable under law.

Trading Window Closure

In compliance with the Company's Code of Practices and Procedures and the SEBI (Prohibition of Insider Trading) Regulations, 2015, the Trading Window for Designated Persons has been closed. The closure is effective from Wednesday, April 01, 2026, and will remain shut until the end of 48 hours after the outcome of the Board Meeting is made public, in accordance with the Listing Regulations.

The intimation was signed by Ramandeep Kaur, Company Secretary of Reliance Power Limited, and filed on May 17, 2026.

Reliance Power Limited has disclosed that Export Import Bank of the United States (US Exim) has filed an application under Section 7 of the Insolvency and Bankruptcy Code (IBC), 2016 against the company. The application alleges a default of debt amounting to US$165.41 million by Samalkot Power Limited (SPL), a subsidiary of Reliance Power, with the debt guaranteed by the company.

The disclosure was made to BSE Limited and National Stock Exchange of India Limited on April 29, 2026, pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The filing was made in compliance with SEBI Circular No. HO/49/14/14(7)2025-CFD-POD2//3762/2026 dated January 30, 2026.

Background of the Dispute

As previously informed through a disclosure dated July 1, 2025, the matter is currently sub judice. SPL had already filed an application on June 29, 2025, before the London Court of International Arbitration against US Exim and Citibank N.A. (Facility Agent). The arbitration application was filed on the grounds that the debt is not due and the matter is pending adjudication.

Key Details of the Case

Particulars: Details Applicant: Export Import Bank of the United States (US Exim) Respondent: Samalkot Power Limited (SPL) Alleged Debt Amount: US$165.41 million Legal Provision: Section 7 of IBC, 2016 Arbitration Filing Date: June 29, 2025 Arbitration Forum: London Court of International Arbitration

Company's Response

Reliance Power stated that it has been advised that the present IBC application filed by US Exim is not legally tenable and shall be appropriately contested. The company further assured that it will take all appropriate steps, as legally advised, to protect its interests in the matter. The disclosure was digitally signed by Ramandeep Kaur, Company Secretary of Reliance Power Limited, on April 29, 2026.

The company maintains its registered office at Reliance Centre, Ground Floor, 19, Walchand Hirachand Marg, Ballard Estate, Mumbai - 400 001, and operates under CIN: L40101MH1995PLC084687.

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