Jaiprakash Power Ventures Limited has informed stock exchanges about an insolvency petition filed against the company under the Insolvency and Bankruptcy Code, 2016. The disclosure was made on February 27, 2026, pursuant to Regulation 30 of SEBI (LODR) Regulations, 2015.

NCLT Insolvency Petition Details

National Asset Reconstruction Company Limited, acting as Trustee of NARCL Trust through its Power of Attorney Holder India Debt Resolution Company Limited, has filed an application before the Hon'ble National Company Law Tribunal (NCLT) Allahabad Bench at Prayagraj. The petition seeks initiation of Corporate Insolvency Resolution Process (CIRP) under Section 7 of the Insolvency and Bankruptcy Code, 2016.

Background and Related Proceedings

The alleged default amount of ₹511,72,82,207 plus interest and other charges relates to a corporate guarantee extended by Jaiprakash Power Ventures Limited to Jaiprakash Associates Limited, which is currently under the Insolvency and Bankruptcy Code process.

The company has indicated that a similar matter is already under dispute before the Hon'ble Debt Recovery Tribunal-III (DRT-III), Delhi. The company had previously disclosed this DRT matter on October 27, 2025, suggesting ongoing legal proceedings related to the same underlying obligations.

Regulatory Compliance and Next Steps

The disclosure was signed by Mahesh Chaturvedi, General Manager and Company Secretary (FCS 3188), ensuring compliance with stock exchange listing requirements. Jaiprakash Power Ventures Limited has committed to keeping the stock exchanges informed of any further developments in this matter as the proceedings progress before the NCLT.

Jaiprakash Power Ventures has fulfilled its regulatory obligations by publishing its financial results for the quarter and nine months ended December 31, 2025, in leading newspapers across the country. The company submitted newspaper publication copies to stock exchanges as required under SEBI regulations.

Regulatory Compliance and Publication

The company published its Q3FY26 financial results in multiple newspapers to ensure widespread dissemination of information to stakeholders:

Financial Performance Overview

The published financial results show the company's performance for the quarter and nine months ended December 31, 2025. The detailed financial metrics demonstrate the company's operational performance during this period:

Stock Exchange Communication

The company's General Manager and Company Secretary, Mahesh Chaturvedi, formally communicated the newspaper publication to both National Stock Exchange (NSE) and BSE Limited. The communication referenced regulation 30 and 47 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Nine Months Performance

For the nine months ended December 31, 2025, the company reported total income of ₹4,320.14 crores on standalone basis and ₹4,320.82 crores on consolidated basis. The net profit for the nine-month period stood at ₹464.87 crores on standalone basis and ₹464.00 crores on consolidated basis.

Compliance and Transparency

The newspaper publication demonstrates Jaiprakash Power Ventures' commitment to regulatory compliance and transparency in financial reporting. The company has also uploaded these newspaper publications on its official website for stakeholder access, ensuring comprehensive disclosure of financial information across multiple channels.