Jaiprakash Associates Limited has filed a mandatory disclosure of defaults on payment of interest and repayment of principal amount on loans from banks and financial institutions for the month ended April 2026. The disclosure was made in compliance with SEBI Circular No. SEBI/HO/CFD/CMD1/CIR/P/2019/140 dated 21st November 2019 and was submitted on 7th May 2026.

Key Disclosure Details

The disclosure, filed under Format C1 as specified under Para 3(B) of the SEBI circular, covers loans including revolving facilities such as cash credit from banks and financial institutions. The following table summarises the key parameters of the disclosure:

Lenders Involved

The disclosure identifies a broad consortium of lenders to whom the obligations are owed. The lenders named in the filing include:

• National Asset Reconstruction Company Limited (NARCL)
• Axis Bank Limited
• Bank of Maharashtra
• Canara Bank
• Bank of Baroda
• ICICI Bank Limited
• Indian Overseas Bank
• IDBI Bank Limited
• The Jammu & Kashmir Bank Limited
• DBS Bank India Limited
• Punjab National Bank
• Punjab & Sind Bank
• State Bank of India
• Yes Bank Limited
• Asset Care & Reconstruction Enterprise (ACRE) Limited
• Asset Reconstruction Co India Ltd (ARCIL)
• Union Bank of India (e-corporation Bank)
• The Bank of New York, Mellon

Corporate Insolvency Resolution Process

Jaiprakash Associates Limited is currently undergoing a Corporate Insolvency Resolution Process (CIRP) in terms of the Insolvency and Bankruptcy Code, 2016. The CIRP was initiated vide an order dated 3rd June 2024 passed by the Hon'ble National Company Law Tribunal (NCLT), Allahabad Bench. Mr. Bhuvan Madan was appointed as the Interim Resolution Professional, and was subsequently confirmed as the Resolution Professional (RP) with 87.72% voting share at the 2nd Committee of Creditors (CoC) meeting held on 30th July 2024.

The Hon'ble NCLT, vide order dated 17th March 2026 (orally pronounced on 17th March 2026 and uploaded on the NCLT website on 18th March 2026), approved the resolution plan dated October 14, 2025 (read with email clarifications dated November 5, 2025) submitted by Adani Enterprises Limited in the CIRP of the company, under Section 31 of the Insolvency and Bankruptcy Code, 2016. The disclosure for April 2026 was signed and submitted by Bhuvan Madan in his capacity as Chairman of the Monitoring Committee of Jaiprakash Associates Limited.

Jaiprakash Associates Limited has disclosed the assignment of an ESG rating of 33 by ESG Risk Assessments and Insights Limited, as communicated through a regulatory filing under Regulation 30 of the Securities and Exchange Board of India (SEBI) Listing Obligations and Disclosure Requirements Regulations, 2015. The company received the communication via an email from BSE on May 4, 2026 at 6:32 PM IST, with the formal disclosure filed on May 5, 2026.

ESG Rating Disclosure Details

The key details of the ESG rating disclosure are summarised below:

Independent Rating Assignment

Jaiprakash Associates clarified that it had not engaged ESG Risk Assessments and Insights Limited for the evaluation. The ESG rating of 33 was issued independently by the rating agency. The updated rating has been made available by ESG Risk Assessments and Insights Limited on its website.

Regulatory Filing

The disclosure was made by Som Nath Grover, Vice President & Company Secretary of Jaiprakash Associates Limited, in compliance with Regulation 30 of the SEBI Listing Regulations read with relevant SEBI Circulars. The filing was addressed to both BSE Limited and the National Stock Exchange of India Ltd, requesting the exchanges to take the information on record.