Indian Energy Exchange Limited has submitted its quarterly compliance certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations 2018 for the quarter ended March 31, 2026. The certificate was filed with both BSE Limited and National Stock Exchange of India Limited on April 13, 2026.

Quarterly Compliance Certificate

The company submitted the confirmation certificate issued by KFin Technologies Limited, its Registrar and Transfer Agent, covering dematerialisation activities during the quarter ended March 31, 2026. The certificate confirms compliance with securities dematerialisation processes and regulatory requirements.

KFin Technologies Confirmation

KFin Technologies Limited, serving as the Registrar and Transfer Agent, confirmed that securities received from depository participants for dematerialisation during Q4FY26 were properly processed. The registrar verified that all security certificates received for dematerialisation were mutilated and cancelled after due verification, with depositories' names substituted in the register of members within the stipulated 30-day period.

Regulatory Compliance Framework

The disclosure was signed by Vineet Harlalka, Chief Financial Officer, Company Secretary & Compliance Officer, ensuring adherence to SEBI's depository regulations. The certificate confirms that dematerialised securities have been listed on stock exchanges where the company's earlier issued securities are already listed.

Company Information

Indian Energy Exchange Limited operates from its registered office in New Delhi and corporate office in Noida, maintaining compliance with regulatory requirements across both BSE (Scrip Code: 540750) and NSE (Symbol: IEX) platforms.

Indian Energy Exchange Limited has announced record-breaking performance across multiple market segments for FY26, achieving its highest ever annual electricity traded volume of 141 BU with a 17% year-on-year growth. The company's diversified market portfolio demonstrated robust expansion, with the Real-Time Market leading growth at 41% and the Green Market segment advancing 23% during the fiscal year.

Annual Performance Highlights

The exchange's FY26 performance reflects strong market dynamics despite challenging pricing conditions. Key achievements include the highest ever yearly trade of Renewable Energy Certificates at 187.20 lakh RECs, marking a 5% year-on-year increase.

Market Segment Performance

The Day-Ahead Market (DAM) including HPDAM achieved 62.78 BU for FY26, compared to 61.31 BU in FY25, registering a 2.4% year-on-year increase. The Real-Time Electricity Market (RTM) delivered exceptional growth, achieving 54.85 BU for FY26 compared to 38.90 BU in FY25, representing a 41% year-on-year increase.

The Day Ahead Contingency and Term-Ahead Market (TAM), comprising HPTAM, contingency, daily, weekly and monthly contracts up to 3 months, traded 12.72 BU in FY26 compared to 11.77 BU in FY25, registering an 8.0% year-on-year increase.

Green Market and REC Trading

IEX Green Market, comprising the Green Day-Ahead and Green Term-Ahead Market segments, achieved 10.78 BU compared to 8.75 BU in FY25, marking a 23% year-on-year increase. The weighted average price in Green Day-Ahead Market (G-DAM) for FY26 at Rs 3.59/unit declined 10.6% compared to FY25.

The Renewable Energy Certificate market maintained steady growth with 187.20 lakh RECs traded during FY26, representing a 5% year-on-year increase.

Quarterly and Monthly Records

Q4FY26 delivered outstanding performance with the highest ever quarterly electricity traded volume of 39.4 BU, marking a 24.3% year-on-year increase. The quarter also recorded the highest quarterly trade of RECs at 71.70 lakh certificates, showing 6.1% year-on-year growth.

March 2026 set a new monthly record with 13.90 BU electricity traded volume, representing a 23.5% year-on-year increase. The month witnessed exceptional REC trading activity with 28.94 lakh certificates traded, marking a remarkable 119.9% year-on-year increase.

Market Dynamics and Pricing

Despite volume growth, pricing remained under pressure due to enhanced supply liquidity from improved wind, hydro and solar generation along with sustained coal-based supply. The country's power demand grew by 1.1% year-on-year during FY26, while energy consumption reached 149.56 BUs in March 2026, showing 1.8% growth compared to the previous year.

For March 2026, the Day Ahead Market clearing price at Rs 4.20/unit declined 6% year-on-year, while the Real Time Market price at Rs 3.71/unit declined 10.5% year-on-year, reflecting the impact of higher supply availability on the exchange platform.