Energy Development Company Limited reported an audited consolidated net loss of ₹1,375.50 lakh for the year ended 31st March, 2026, with statutory auditors issuing an adverse opinion on the financial results. The auditors, ALPS & Co., stated that the consolidated financial results do not give a true and fair view due to the significance of several matters, including the non-consolidation of financial results for two subsidiary companies and an associate company. The Board of Directors approved the results at a meeting held on 28th May, 2026.

The adverse opinion stems from the non-consolidation of financial results for Eastern Ramganga Valley Hydel Projects Company Private Limited, Sarju Valley Hydel Projects Company Private Limited, and associate company Arunachal Hydro Power Limited. The auditors noted that the impact of this non-consolidation is presently not ascertainable. Furthermore, the report highlighted outstanding trade receivables of ₹198.24 lakh, a loan of ₹586.50 lakh, and interest accrued of ₹3.05 lakh, which are doubtful of recovery. In the absence of provisions against these amounts, the loss for the year is understated.

Significant tax liabilities also contributed to the adverse opinion. The Parent Company faces demand notices, excluding interest and penalty, aggregating to ₹18,939.44 lakh pertaining to Income Tax Assessment Orders for Assessment Years 2011-2012 to 2020-2021. The amount of interest and penalty in this respect aggregates to ₹24,047.65 lakh till 31st March, 2026. While the company has filed appeals and the demands are stayed, the consequential impact is presently not ascertainable. Additionally, a subsidiary company has not provided for interest of ₹792.81 lakh on a loan of ₹2,000.00 lakh, further understating the loss.

The standalone financial results also received an adverse opinion, primarily due to the impairment in the value of investments aggregating to ₹5,600.00 lakh in two wholly-owned subsidiaries. The auditors noted that the terms of repayment for outstanding loans of ₹3,007.08 lakh to these subsidiaries have not been determined. The standalone net loss for the year was reported at ₹1,179.49 lakh. The company stated that it considers these investments to be strategic in nature and has not determined the impairment pending finalization.

Financial Performance

The company reported a total income of ₹1,158.72 lakh for the quarter ended 31st March, 2026, compared to ₹354.53 lakh in the previous quarter. For the full year, total income stood at ₹4,771.22 lakh, a decrease from ₹5,424.11 lakh in the previous year. Total expenses for the year were ₹6,021.65 lakh, up from ₹4,385.05 lakh in the prior year. The basic earnings per share for the year was a negative ₹2.90.

Energy development company Limited has submitted its quarterly confirmation certificate to stock exchanges, fulfilling regulatory compliance requirements under SEBI (Depositories and Participants) Regulations, 2018.

Regulatory Compliance Submission

The company filed the confirmation certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended March 31, 2026. The submission was made on April 14, 2026, to both BSE Limited and National Stock Exchange of India Limited.

Certificate Details and Confirmation

The confirmation certificate was prepared by Niche Technologies Private Limited, the company's appointed registrar and share transfer agent. The certificate confirms that securities received from depository participants for dematerialization during the quarter ended March 31, 2026 were properly processed and confirmed to the depositories.

Key confirmations provided in the certificate include:

• Securities received for dematerialization were accepted or rejected as appropriate
• All securities comprised in the certificate have been listed on stock exchanges where previously issued securities are listed
• Security certificates received for dematerialization have been mutilated and cancelled after due verification
• The name of the depository has been substituted in the register of members as the registered owner

Corporate Communication

The submission was signed by Sneha Naredi, Company Secretary of Energy Development Company Limited, and countersigned by Ashok Sen, Manager-EDP at Niche Technologies Private Limited. The communication follows standard corporate governance protocols for regulatory filings.

Company Information

Energy Development Company Limited operates from EDCL House, 1A Elgin Road, Kolkata-700020. The company maintains its corporate identification number as L85110KA1995PLC017003 and can be reached through official channels including email at edclcal@edclgroup.com and website www.edclgroup.com .

This quarterly submission represents the company's ongoing commitment to regulatory compliance and transparent corporate governance practices in accordance with SEBI guidelines for listed entities.