Adani Power Limited has revised its regulatory disclosure concerning the pledge of shares in Jaiprakash Power Ventures Limited, correcting the total number of pledged shares to 1,20,05,09,465. The updated filing, submitted to the stock exchanges on July 13, 2026, rectifies an earlier error where the share count was reported as 1,20,05,09,431 and includes the previously omitted names of the lenders and security trustees.

The encumbrance involves a pledge of 1,20,05,09,465 equity shares, representing 17.517% of the total share capital, and a non-disposal undertaking over 10,21,88,566 equity shares, representing 1.49% of the total share capital. These actions were undertaken in accordance with Regulation 31(1) read with Regulation 28(3) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

The disclosures are a consequence of the corporate insolvency resolution process of Jaiprakash Associates Limited. The National Company Law Tribunal, Allahabad, Prayagraj Bench, approved the resolution plan submitted by Adani Enterprises Limited on March 17, 2026. Adani Power Limited was identified as the 'Implementing Entity' for the 24% shareholding in Jaiprakash Power Ventures Limited, which included these encumbered shares.

The revised filing details the entities in whose favour the shares are encumbered. The pledge is held for the benefit of various lenders, including IDBI Bank Limited, the Vishnuprayag Hydroelectric Plant Lenders' Consortium, and the Jaypee Nigrie Supercritical Thermal Power Plant Lenders' Consortium. IDBI Trusteeship Services Limited and ICICI Bank Limited (as DP Agent) are named as the security trustees.

Encumbrance Details

The total encumbered shares amount to approximately 19.01% of the promoter's shareholding. The resolution plan stipulates that the liability regarding the pledge is limited to the value of the shares pledged, necessitating the creation of a fresh pledge and non-disposal undertaking by Adani Power Limited.

Manoj Gaur resigned as Non-Executive Director and Non-Executive Chairman of Jaiprakash Power Ventures Ltd effective July 6, 2026. The company informed the National Stock Exchange of India Ltd and BSE Limited regarding this change in board composition, citing Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Manoj Gaur submitted his resignation via a letter dated July 6, 2026, stating he was stepping down from the position of Director with immediate effect. Consequently, he also ceased to hold the position of Non-Executive Chairman of the company. The disclosure was made in compliance with SEBI Circular CIR/CFD/CMD/4/2015 dated September 9, 2015, and SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023.

The filing provided specific details regarding the change in directorship. The reason for the change was listed as resignation, while the terms of appointment and brief profile were marked as not applicable (NA). Additionally, the disclosure regarding the relationship between directors was also noted as NA.

The intimation was submitted by Mahesh Chaturvedi, General Manager and Company Secretary of Jaiprakash Power Ventures Ltd. The document was digitally signed on July 6, 2026.