Adani Power Limited has completed the allotment of secured non-convertible debentures worth ₹7,500 crore through private placement, marking a significant fundraising milestone for the power generation company. The management committee of the Board approved the allotment on January 27, 2026, following the initial authorization by the Board of Directors on January 29, 2025.

Debenture Structure and Series Details

The company allotted 7,50,000 secured, listed, rated, taxable, non-cumulative, redeemable non-convertible debentures, each bearing a face value of ₹1,00,000. The debentures are structured across four distinct series with varying tenors and coupon rates:

The debentures will pay interest quarterly from the date of allotment until maturity, with principal repayment scheduled on the respective maturity dates for each series.

Credit Rating and Security Features

Both CRISIL Ratings Limited and India Ratings & Research Private Limited have assigned an "AA (Stable)" rating to the debentures, reflecting strong creditworthiness. The debentures are secured by comprehensive charges over the company's assets, including:

• First ranking pari passu charge by way of hypothecation over all movable fixed assets, including plant and equipment, furniture, fixtures, and vehicles
• First ranking pari passu charge on current assets including trust and retention accounts, inventory, and trade receivables
• First ranking pari passu charge on insurance proceeds
• First ranking pari passu charge through mortgage on identified land parcels

Listing and Compliance

The debentures will be listed on BSE Limited, with the listing application to be filed within three working days from the issue closing date. In accordance with SEBI regulations, any delay in listing beyond this timeframe will result in the company paying an additional 1% per annum over the coupon rate to debenture holders for the delay period.

Redemption Terms

Each debenture will be redeemed at its face value of ₹1,00,000 on the respective maturity dates as per the debenture trust deed. The company has committed to paying additional interest over the agreed coupon rate in case of any delays in listing, dematerialized credit, execution of debenture trust deed, or payment obligations beyond prescribed statutory timelines.

Adani Power has issued an official statement clarifying its position regarding ongoing US Securities and Exchange Commission proceedings. The company has made it clear that it is not involved as a party in the regulatory case.

Company's Official Position

The power generation company has categorically stated that no allegations have been made against it in the US SEC case. This clarification comes as the company seeks to address any potential confusion about its involvement in the proceedings.

Key Clarifications

Adani Power's statement addresses two critical points:

• The company is not a party to the US SEC proceedings
• No allegations have been made against the company in relation to the case

This official communication appears designed to provide transparency to investors and stakeholders regarding the company's legal standing in relation to the US regulatory matter. The statement serves to distinguish the company's position from any broader proceedings that may be taking place involving other entities.