JSW Energy Limited has informed stock exchanges about a significant development in ongoing litigation involving Maharashtra State Electricity Distribution Company Limited (MSEDCL). The company disclosed that MSEDCL has filed an appeal against a favorable regulatory order, escalating the dispute to the appellate level.

Background of the Dispute

The current development stems from a Final Combined Order dated December 24, 2025, passed by the Maharashtra Electricity Regulatory Commission (MERC). This order had rejected MSEDCL's petition seeking to quash invoices raised by JSW Energy and simultaneously allowed the company's petition, marking a favorable outcome for the power company.

Latest Development

On January 9, 2026, JSW Energy was served with a copy of the appeal filed by MSEDCL against the MERC order. The appeal has been filed before the Appellate Tribunal for Electricity, indicating that the dispute will now be adjudicated at the appellate level.

Regulatory Compliance

The disclosure has been made under Regulation 30(4) of the Securities Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, which mandates companies to inform exchanges about material litigation developments. This ensures transparency for investors regarding legal proceedings that could potentially impact the company's operations or financial position.

Implications

The appeal by MSEDCL means that the dispute, which JSW Energy had previously won at the MERC level, will now undergo review by the Appellate Tribunal for Electricity. The appellate proceedings will determine whether the MERC's decision to reject MSEDCL's petition and allow JSW Energy's petition will be upheld or modified.

The company had initially disclosed the favorable MERC order on December 25, 2025, and has now updated stakeholders about this subsequent legal development as part of its ongoing disclosure obligations regarding material litigation.

JSW Energy Limited has informed stock exchanges about the assignment of a credit rating for its step-down subsidiary O2 Renewable Energy VII Private Limited. The announcement was made on January 6, 2026, in compliance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Credit Rating Details

Care Ratings Limited (CARE) assigned a rating of 'CARE A; Stable' for the long-term bank facilities of O2 Renewable Energy VII Private Limited on January 5, 2026. The rating reflects the subsidiary's creditworthiness and financial stability in the renewable energy sector.

Corporate Structure

O2 Renewable Energy VII Private Limited operates as a step-down subsidiary of JSW Energy Limited, positioning it within the company's renewable energy portfolio. The subsidiary's operations contribute to JSW Energy's broader strategy in the clean energy sector.

Regulatory Compliance

The disclosure was made through official communication to both BSE Limited and National Stock Exchange of India Limited. Company Secretary Monica Chopra signed the regulatory filing, ensuring compliance with mandatory disclosure requirements for listed companies.

Additional Information

The complete press release regarding the credit rating assignment is available on Care Ratings Limited's official website at www.careratings.com , providing stakeholders with detailed information about the rating rationale and methodology.