Promoter group entity Aksara Commercial Private Limited has divested 1,97,082 equity shares in India Power Corporation Limited, reducing its stake to 6.15%. The sale, executed on the National Stock Exchange of India Limited between June 17 and June 24, 2026, was undertaken for a total consideration of ₹14,76,337. This transaction was disclosed to the company on June 25, 2026, in compliance with Regulation 7(2) read with Regulation 6(2) of the SEBI (Prohibition of Insider Trading) Regulations, 2015.

Prior to the disposal, Aksara Commercial Private Limited held 6,00,65,459 shares, accounting for 6.17% of the company's shareholding. The offloading of 1,97,082 shares resulted in the promoter group retaining 5,98,68,377 shares. The transaction was conducted on the market, and the value specified excludes taxes, brokerage, and other associated charges.

The disclosure comes at a time when India Power Corporation Limited is undergoing the Corporate Insolvency Resolution Process (CIRP). The Hon'ble National Company Law Tribunal, Hyderabad Bench-1, admitted an application under Section 7 of the Insolvency and Bankruptcy Code, 2016, via an order dated May 15, 2026. Consequently, the powers of the Board of Directors of the company stand suspended.

The filing was submitted by Dhananjay Karmakar, Company Secretary & Compliance Officer, under the authority of Ms. Sreenivasa Mano Ranjani, the Insolvency Resolution Professional. The intimation was addressed to the National Stock Exchange of India Limited and the Metropolitan Stock Exchange of India Limited to ensure regulatory compliance regarding the change in shareholding by a promoter group entity.

Details of Shareholding Change

The following table outlines the specific details of the transaction reported by Aksara Commercial Private Limited:

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.