Jaiprakash Power Ventures Ltd

Retirements of CFO and Company Secretary

• R. K. Porwal, Chief Financial Officer and KMP, ceased on 30 September 2026 due to superannuation.
• Mahesh Chaturvedi, Company Secretary & Compliance Officer and KMP, ceased on 30 September 2026 due to superannuation.
• Impact on board/committee composition: not disclosed.

JAIPRAKASH POWER VENTURES LIMITED — Closure of Trading Window from 1 October 2026 for the Quarter and Half Year ended 30 September 2026; the window will remain closed till 48 hours after the announcement of the said financial results.

Settlement with NARCL

• NARCL settlement: Rs 511 crore payment; IBC proceedings withdrawn on fulfillment of conditions and definitive agreements.

Rating action

• Agency: CRISIL Ratings Limited.
• Instrument: Long-Term Bank Facilities; amount 5600 crore.
• Action: Reaffirmed; Rating BBB/Watch Negative.
• Rationale: Detailed rationale linked; no content in filing.
• Material change since last rating: No change; rating remains BBB/Watch Negative.

AGM details

• 31st AGM held on 30 July 2026 at 11:30 AM IST via VC/OAVM.
• Record date: 25,04,898 shareholders on record.
• No physical attendance; meeting conducted through VC/OAVM; proxies not applicable.
• Meeting chaired by Savan Jayendra Patel (Whole-time Director).
• E-voting available; results to be published on company and stock exchange websites.

Resolutions and voting

• 1 Ordinary: Adopt standalone and consolidated financial statements for FY2025-26.
• 2 Ordinary: Ratify Cost Auditors' remuneration for FY2026-27.
• 3 Ordinary: Appoint Savan Jayendra Patel as Whole-time Director.
• 4 Ordinary: Appoint Jayadeb Nanda as Non-Executive, Non-Independent Director.
• 5 Ordinary: Appoint Naresh Telgu as Non-Executive, Non-Independent Director.
• 6 Special: Appoint Shruti Anup Shah as Independent Director.
• 7 Special: Appoint Jayant Misra as Independent Director.
• 8 Special: Appoint Mukesh M. Shah as Independent Director.
• 9 Ordinary: Remuneration by way of Commission to former Executive Directors for 2025-26.
• 10 Ordinary: Remuneration by way of Commission to Non-Executive Directors for 2025-26.
• 11 Special: Commission to one former Non-Executive Director exceeding 50% of total commissions.
• Voting outcomes not disclosed in filing; results to be published on company/stock exchanges.

AGM Details

• AGM held on 30 July 2026 at 11:30 AM via VC/OAVM.
• Remote e-voting: 27–29 July 2026; voting during AGM.

Key Resolutions and Results

• Resolution 1 (Ordinary): Adopt standalone and consolidated financials; 97.31% in favour.
• Resolution 2 (Ordinary): Ratify Cost Auditor remuneration for FY2027; 99.99% in favour.
• Resolution 3 (Ordinary): Appoint Savan Jayendra Patel as Executive Director; 99.59% in favour.
• Resolution 4 (Ordinary): Appoint Jayadeb Nanda as Non-Executive Director; 98.46% in favour.
• Resolution 5 (Ordinary): Appoint Naresh Telgu as Non-Executive Director; 99.56% in favour.
• Resolution 6 (Special): Appoint Shruti Anup Shah as Independent Director; 94.56% in favour.
• Resolution 7 (Special): Appoint Jayan Misra as Independent Director; 99.99% in favour.
• Resolution 8 (Special): Appoint Mukesh M. Shah as Independent Director; 97.89% in favour.
• Resolution 9 (Ordinary): Remuneration by commission to former Exec Directors; 88.13% in favour.
• Resolution 10 (Ordinary): Remuneration by commission to Non-Executive Directors; 88.04% in favour.
• Resolution 11 (Special): Remuneration by commission to one former Non-Executive Director; 88.05% in favour.

Directors & Auditors Changes

• Savan Jayendra Patel appointed Executive Director (Whole-time).
• Jayadeb Nanda appointed Non-Executive, Non-Independent Director.
• Naresh Telgu appointed Non-Executive, Non-Independent Director.
• Shruti Anup Shah appointed Independent Director.
• Jayan Misra appointed Independent Director.
• Mukesh M. Shah appointed Independent Director.
• Cost Auditor remuneration for FY2027 ratified.

Cessation: Vandana R. Singh (Independent Director)

• Smt. Vandana R. Singh to cease as Independent Director on 26 July 2026 after completing second three-year term.

Cessation of Independent Director

• Smt. Vandana R. Singh, Independent Director, completes second three-year term and ceases as Director effective 26 July 2026.

Financial results

• Unaudited standalone and consolidated Q1 FY27 results approved by the Board.
• Standalone total income ₹180,643 lakh; Consolidated ₹180,649 lakh.
• Standalone net profit after tax ₹46,895 lakh; Consolidated ₹46,884 lakh.
• Total comprehensive income: standalone ₹46,907 lakh; consolidated ₹46,896 lakh.
• EPS basic/diluted ₹0.52.

One-time items and tax adjustments

• Exceptional item ₹193.63 crore for coal mine surrender.
• 115BAA tax regime: MAT credit reversed ₹140.78 crore.
• Deferred tax reversal ₹248.87 crore; net impact ₹108.09 crore.

Regulatory and legal matters

• NCLT Allahabad CIRP against Jaiprakash Associates.
• SBI corporate guarantee released; NARCL substituted for SBI.
• UPPCL dues ₹47,316 lakh; ₹40,347 held back; recoverable under PPAs.
• DMG show-cause notices for sand mining; AP HC stay; no provision.
• Mines & Minerals Act impact unascertainable.

Strategic actions and approvals

• Initiation to surrender Amelia North and Bandha North coal mines; lender/NA approvals pending.
• Audit Committee reviewed results; Board approved; results uploaded to the company website.

Auditor remarks and going concern

• Auditor notes qualified conclusions on guarantees and recompense.
• SPGCL going concern uncertainty; not modified.