Reliance Power Limited has disclosed that Export Import Bank of the United States (US Exim) has filed an application under Section 7 of the Insolvency and Bankruptcy Code (IBC), 2016 against the company. The application alleges a default of debt amounting to US$165.41 million by Samalkot Power Limited (SPL), a subsidiary of Reliance Power, with the debt guaranteed by the company.

The disclosure was made to BSE Limited and National Stock Exchange of India Limited on April 29, 2026, pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The filing was made in compliance with SEBI Circular No. HO/49/14/14(7)2025-CFD-POD2//3762/2026 dated January 30, 2026.

Background of the Dispute

As previously informed through a disclosure dated July 1, 2025, the matter is currently sub judice. SPL had already filed an application on June 29, 2025, before the London Court of International Arbitration against US Exim and Citibank N.A. (Facility Agent). The arbitration application was filed on the grounds that the debt is not due and the matter is pending adjudication.

Key Details of the Case

Company's Response

Reliance Power stated that it has been advised that the present IBC application filed by US Exim is not legally tenable and shall be appropriately contested. The company further assured that it will take all appropriate steps, as legally advised, to protect its interests in the matter. The disclosure was digitally signed by Ramandeep Kaur, Company Secretary of Reliance Power Limited, on April 29, 2026.

The company maintains its registered office at Reliance Centre, Ground Floor, 19, Walchand Hirachand Marg, Ballard Estate, Mumbai - 400 001, and operates under CIN: L40101MH1995PLC084687.

Reliance Power Limited has issued a formal newspaper publication notice to shareholders regarding a special window facility for physical share transfers and dematerialisation. The company published this notice on April 24, 2026, in both Financial Express (English) and Navshakti (Marathi) newspapers.

SEBI Circular Implementation

The notice pertains to SEBI Circular No. HO/38/13/11(2)2026-MIRSD-POD/1/3750/2026 dated January 30, 2026, which established a special window for facilitating share transfers. This regulatory initiative addresses physical shares that were sold or purchased prior to April 01, 2019.

Special Window Details

The special window remains operational for a period of one year, from February 05, 2026 to February 04, 2027. This facility specifically targets physical shares requiring transfer and dematerialisation that were transacted before the April 01, 2019 deadline.

Eligibility Matrix

The company has outlined specific eligibility criteria for shareholders wishing to utilise this special window facility:

Transfer Conditions and Restrictions

Shares transferred through this special window will be mandatorily credited to the transferee's demat account. These shares will be subject to a lock-in period of one year from the date of registration of transfer. During this lock-in period, the shares cannot be transferred, pledged, or encumbered. The facility excludes disputed shares and shares already transferred to the Investor Education and Protection Fund (IEPF).

Submission Process

Eligible shareholders must submit their transfer requests along with requisite documents to KFin Technologies Limited (Unit: Reliance Power Limited) at Selenium Tower-B, Plot No. 31 & 32, Gachibowli, Financial District, Nanakramguda, Hyderabad-500 032. The company has provided email contacts for queries: reliancepower.investors@reliancegroupindia.com and rpower@kfintech.com .

Additional Shareholder Guidance

The company encourages shareholders to register or update their email addresses with Depository Participants, KFinTech, or the company directly for electronic communications. Physical shareholders are advised to consider dematerialising their holdings for compliance with SEBI guidelines and to facilitate faster, safer transactions. Shareholders with incomplete PAN, KYC details, or nomination information should update these details by submitting relevant ISR Forms to KFinTech.