Indian Energy Exchange Ltd

Meeting Schedule

• August 24, 2026 — One-on-One meeting with Quantum Advisors Pvt Ltd, Noida
• August 26, 2026 — One-on-One meeting with Ten Core Partners, Virtual

Meeting Details

• Date: August 18, 2026; time not disclosed; one-on-one meeting with Ambit Pvt Ltd in Noida.

Participants

• Key company participants: CFO; Company Secretary & Compliance Officer.

Purpose

• Purpose: Analysts/Institutional Investor meeting with Ambit Pvt Ltd.

Financial performance and capital allocation

• FY26 consolidated revenue ₹74,695.17 lakh.
• PAT ₹49,292.12 lakh.
• Final dividend per share ₹2.
• Consolidated net worth ₹130,672.75 lakh.
• Revenue from operations ₹61,564.70 lakh.

Volumes, markets and IGX/ICX highlights

• IGX PAT ₹41.868 crore.
• IGX stake 47.28%.
• Electricity traded volume 141 BU.
• RTM volume 55 BU.
• DAM volume 62.8 BU.

AGM Details

• AGM on September 9, 2026 at 11:00 IST via VC/OAVM.
• Register of Members closed September 2–9, 2026.
• Record date for final dividend: May 15, 2026.
• E-voting cut-off: September 2, 2026; remote voting window Sept 5–8, 2026.

Key Resolutions

• Adopt standalone financial statements for year ended Mar 31, 2026.
• Adopt consolidated financial statements for year ended Mar 31, 2026.
• Confirm interim dividend of Rs 1.50 per share.
• Declare final dividend of Rs 2.00 per share.
• Re-appoint Gautam Dalmia as Director, liable to retire by rotation.
• Proposed re-appointment of Chairman & MD.

Appointment: Head - Business Development (SVP)

• Type of change: Appointment of Head - Business Development (SVP) as Senior Management Personnel.
• Name and designation: Mr. Alok Kumar Jha, Head - Business Development (SVP).
• Effective date and term: August 13, 2026; full-time employment.
• Reason for change: Appointment to Senior Management Personnel.
• Brief profile: 29+ years in energy; leadership at INOX Wind, GE Power, Alstom, Bombardier.
• Education: MBA (Delhi); BE Chemical Eng (BIT Sindri); INSEAD Exec Leadership.
• Disclosure of relationships with other directors: Not Applicable.

Financial Performance

• FY26 electricity trade 141 billion units, up 17% YoY; consolidated revenue Rs 747 crore; PAT Rs 492 crore.
• Q1 FY27: 37.5 billion units; revenue Rs 202.8 crore; PAT Rs 134.8 crore; up 12%.
• RTM volume up 41%, now as big as the Day-Ahead Market.
• IGX last year: 76.8 million MMBtu traded; profit Rs 42 crore.
• Q1 IGX: 27.5 million MMBtu; profit Rs 16 crore.
• IGX stake 47.3%; DRHP filed for IGX IPO; PNGRB requires 25% holding within five years; extension granted for one year.
• FY26 consolidated revenue grew 13.6% to Rs 747 crore; PAT rose about 15% to Rs 492 crore.

Operating & Product Update

• Coal exchange consolidates coal trades; e-auctions migrate to exchange within six months of launch.
• Coal e-auction markets total ~120 million tonnes; Coal India ~90 million tonnes.
• Coal demand to 2,000 million tonnes by FY35; commercial coal capacity to 500 Mt by 2035.
• FY26 capacity 533 GW; expected 958 GW by FY32; 66% of capacity green.
• Battery cost down ~70%; arbitrage ~Rs 4.5 per 2-hour cycle for ~550 cycles.
• India Energy Stack aims to enable local markets, DERs, and P2P trading on the exchange.

Policy & Regulatory Outlook

• Draft National Electricity Policy targets per-capita consumption ~2000 units by 2030 and ~4000 by 2047; TOD pricing.
• Draft Electricity Amendment Bill promotes open access; charges to be reduced for select sectors.
• Capacity market proposed in three buckets: short-term, reserve, long-term.
• Grid India concerns on market coupling: scope, robust engine, multi-exchange architecture; inter-exchange settlement needs regulation.

IGX and Coal Exchange Developments

• Coal exchange rules: six months after operation, coal trades must move to the coal exchange.
• MSTC and M-Junction currently impose per-auction fees; exchanges provide price discovery and clearing; fees higher.
• IEX plans Indian Coal Exchange Ltd; licensing application process opened in July 2026.
• IGX: cross-border and I-REC growth; DRHP filed; IEX remains large stakeholder.

Q&A Highlights

• RTM volumes expected to grow 25-30% over the next few years.
• IGX IPO: no reservation for IEX shareholders; buyback under consideration.
• API-bidding and market data insights remain core; MCO handles price discovery; APIs stay crucial for participants.
• Top 5-10 clients account for 50-60% of volumes; concentration trend remains manageable.
• REC volumes down in Q1; hourly stamping for I-REC planned; growth to resume with clarity on RPO rules.
• Open access progress depends on state regulators; TOD incentives may reduce charges over time.