Reliance Power Limited (RPL) has received approval from both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) for a significant change in its shareholding structure. The approval pertains to the reclassification of Reliance Capital Limited from RPL's promoter group to the public category.

Key Points of the Reclassification

• Approval Date: December 8, 2025
• Exchanges: BSE and NSE
• Reclassified Entity: Reliance Capital Limited
• Change: From promoter group to public category

Background of the Reclassification

The reclassification comes as a result of IndusInd International Holdings Limited implementing a resolution plan under the Insolvency and Bankruptcy Code, 2016. This move signifies a notable shift in the ownership structure of Reliance Power.

Regulatory Compliance

As part of this reclassification, Reliance Power is required to:

1. Ensure compliance with subsequent relevant disclosures of material events related to this reclassification.
2. Adhere to the applicable provisions of Regulation 31A of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Implications for Investors

This reclassification may have implications for Reliance Power's shareholding pattern and potentially its governance structure. Investors should keep an eye on subsequent disclosures from the company for a clearer picture of how this change might affect the company's operations and decision-making processes.

Conclusion

The approval of this reclassification by both major stock exchanges marks a significant corporate action for Reliance Power. As the company moves forward with this change in its promoter group structure, it will be crucial for stakeholders to monitor future disclosures and potential impacts on the company's strategic direction.

Reliance Power Limited (RPower) has unveiled an ambitious strategic transformation plan, positioning itself at the forefront of India's clean energy transition. The company has announced a significant pipeline of 4GW solar capacity and 6.5GWh battery energy storage systems (BESS) through its subsidiary, Reliance Nu Energies.

Financial Performance

RPower's financial results for H1FY26 demonstrate a strengthening position:

The company has achieved zero net debt at the standalone level, signaling improved financial health. The consolidated debt-to-equity ratio stands at 0.87, among the lowest in the industry.

Strategic Transformation

RPower's transformation strategy aligns with India's renewable energy targets, which aim for 280GW of solar capacity by 2030. Key aspects of the strategy include:

1. Clean Energy Focus: Transition from conventional power to renewable energy sources.
2. Large-Scale Projects: Development of 4GW solar and 6.5GWh BESS projects.
3. Financial Restructuring: Significant reduction in debt and improved profitability.

Operational Highlights

The company continues to operate its thermal power plants efficiently:

These assets provide a stable revenue base as RPower transitions towards clean energy.

Market Outlook

India's renewable energy sector is poised for substantial growth, with the government targeting 500GW of non-fossil fuel electricity capacity by 2030. RPower's strategic pivot positions it to capitalize on this expanding market.

Investor Perspective

While RPower's transformation plan is ambitious, investors should consider:

• Execution Risks: The success of large-scale renewable projects depends on timely implementation and cost management.
• Regulatory Environment: Changes in renewable energy policies could impact project viability.
• Market Competition: The renewable sector is becoming increasingly competitive, potentially affecting margins.

RPower's strategic shift towards clean energy, coupled with its improving financial metrics, suggests a potentially positive outlook. However, the company's ability to execute its ambitious pipeline will be crucial in determining its long-term success in the evolving energy landscape.