Promoter Aksara Commercial Private Limited has confirmed that it holds no encumbrance on its equity shares in India Power Corporation Limited for the financial year ended March 31, 2026. The disclosure, submitted to the National Stock Exchange of India Ltd. and Metropolitan Stock Exchange of India Ltd., confirms that no charges were created directly or indirectly on the shares held by the promoter group during the specified period.

The filing was made in compliance with Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. This regulation requires promoters to disclose any encumbrance on shares held in the target company at the end of each financial year. The statement clarifies that the status is unchanged from the disclosures already made for the financial year ended March 31, 2026.

India Power Corporation Limited, formerly known as DPSC Limited, received the communication addressed to its Audit Committee and Company Secretary. The disclosure serves as a formal confirmation to the stock exchanges regarding the promoter's holding status.

Aksara Commercial Private Limited, a promoter group entity, has reduced its shareholding in India Power Corporation Limited by selling 3,83,498 equity shares on the National Stock Exchange of India Limited (NSE). The sales executed between June 15, 2026, and June 16, 2026, reduced the entity's stake to 6.17%. The total value for these transactions was reported at ₹28,74,720.

The disclosure was submitted by Sandip Kumar Agarwala, Director of Aksara Commercial Private Limited, on June 17, 2026. The filing was made in Form C pursuant to Regulation 7(2) read with Regulation 6(2) of the SEBI (Prohibition of Insider Trading) Regulations, 2015. The compliance intimation was subsequently forwarded to the exchanges by Dhananjay Karmakar, Company Secretary & Compliance Officer, under the authority of the Insolvency Resolution Professional.

Shareholding Details

The following table outlines the changes in Aksara Commercial Private Limited's shareholding in India Power Corporation Limited:

Regulatory Context

India Power Corporation Limited is currently undergoing the Corporate Insolvency Resolution Process (CIRP) initiated by the Hon'ble National Company Law Tribunal (NCLT), Hyderabad Bench-1, via an order dated May 15, 2026. Consequently, the powers of the Board of Directors of the company stand suspended. The disclosure regarding the share sale was submitted to the National Stock Exchange of India Limited and the Metropolitan Stock Exchange of India Limited.