Reliance Power Ltd

Reliance Power Limited — Trading Window closed from Thursday, October 01, 2026 till 48 hours from the declaration of unaudited financial results for the quarter and half year ending on September 30, 2026.

Director Resignation

• Resignation of Shri Sachin Mohapatra, Non-Executive and Non-Independent Director, effective September 25, 2026.

Regulatory update

• Reliance Power named as accused in first supplementary chargesheet in Reliance Commercial Finance Limited matter per CBI release.
• Company will safeguard shareholders' and stakeholders' interests as legally advised.

Regulatory update

• Reliance Power and Reliance CleanGen Limited are among proposed accused in the ED complaint.
• They received a Pre-Cognizance notice under Section 223 of the 2023 Act from a Special Judge, CBI.
• Alleged amount involved is about Rs 715 crore under PMLA; financial impact not ascertainable yet.
• Company will take appropriate steps to safeguard its interests.

AGM Details

• Date and time: August 14, 2026, 12:00 IST; mode: VC/OAVM.
• Remote e-voting ran Aug 10–13, 2026; scrutinizer appointed.

Resolutions and outcomes

• Adoption of audited financial statements and consolidated results for year ending March 31, 2026 — Passed.
• Re-appointment of director retiring by rotation (Sachin Mohapatra) — Passed.
• Appointment of statutory auditors and fixation of their remuneration — Passed.
• Remuneration to cost auditors — Passed.
• Appointment of Dr. Avinash Gupta as Independent Director — Passed.
• Issue of securities through Qualified Institutions Placement — Passed.
• Issue of Non-Convertible Debentures — Passed.

Other AGM details

• AGM concluded at 01:22 PM; e-voting portal closed at 01:37 PM.

Issue Overview

• Type of issue and securities: preferential issue of convertible warrants.
• Total issue size and net proceeds: proceeds revised downward due to lapse of warrants.
• Main objectives for use of proceeds: expansion, debt reduction, and general corporate purposes.

Utilisation of Proceeds

• Utilisation as per offer document: observed to be as disclosed.
• Deviations: nil.
• Status per object: expansion, corporate, and debt reduction utilised to extent funds received; balance not received.
• Unutilised funds: none; no further proceeds receivable due to warrant lapse.
• Reason for any delays/idle funds: lapse of outstanding warrants.

Governance and Compliance

• Approvals obtained: all required approvals; in-principal approvals from the stock exchanges.
• Material events: lapse and forfeiture of proceeds; no further receipts expected.
• Other information: no other material information affecting investor decisions.

GCP

• GCP objective: funds allocated to general corporate purposes.
• Utilisation: funds used for general corporate purposes; board approval details not explicitly stated.

Consolidated results

• Consolidated total income ₹2,103.75 cr; QoQ +8%.
• Consolidated revenue from operations ₹1,956.32 cr; QoQ +3.7%.
• Profit before tax ₹115.93 cr; profit after tax ₹64.71 cr.
• Basic and diluted EPS (continuing operations) ₹0.156.
• Going concern uncertainty linked to RSTEPL/SMPL; monetization plan in progress.

Standalone results

• Standalone total income ₹25.31 cr; revenue from operations ₹0.20 cr.
• Standalone PAT ₹3.20 cr; Basic/Diluted EPS ₹0.008.

Risks & monetization updates

• Regulatory investigations by ED and CBI; assets attached; going-concern uncertainty.
• SMPL monetization: sale of equipment with AM Green Energies; pending lender approvals.
• Warrants lapsed; ₹30.262 cr forfeited.

Meeting Details

• Board meeting scheduled for August 6, 2026; time and venue not disclosed.

Key Agenda Items

• Approve unaudited standalone and consolidated financial results for quarter ended June 30, 2026.

Other Notes

• Trading window closed from July 1, 2026 until 48 hours after results are made public.