JSW Energy Limited has announced that India Ratings and Research Private Limited (Ind-Ra) has assigned a credit rating to its step-down subsidiary, JSW Renew Energy Seventeen Limited. The announcement was made on December 31, 2025, in compliance with regulatory disclosure requirements.

Credit Rating Details

The rating agency has assigned the following credit rating to JSW Renew Energy Seventeen Limited:

Regulatory Compliance

The disclosure was made under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. This regulation mandates listed companies to inform stock exchanges about material events and information that could impact investor decisions.

Corporate Structure

JSW Renew Energy Seventeen Limited operates as a step-down subsidiary of JSW Energy Limited, indicating it is part of the company's renewable energy portfolio. The subsidiary's credit rating reflects its financial standing and ability to service long-term bank facilities.

Additional Information

The detailed press release regarding this credit rating assignment is available on India Ratings' official website at www.indiaratings.co.in . The announcement was signed by Monica Chopra, Company Secretary of JSW Energy Limited, and communicated to both BSE Limited and the National Stock Exchange of India.

JSW Energy Limited has informed the stock exchanges about a significant credit rating development concerning one of its subsidiary companies. India Ratings and Research Private Limited (Ind-Ra) has assigned a credit rating to XL Xergi Power Private Limited, marking an important milestone for the JSW Energy group's subsidiary operations.

Credit Rating Details

The rating agency assigned the following credit rating to XL Xergi Power Private Limited:

The 'IND A/Stable' rating indicates a stable outlook for the subsidiary's long-term financial obligations and creditworthiness. This rating assignment covers the long-term bank facilities of XL Xergi Power Private Limited, providing clarity on the subsidiary's credit profile for banking and financial institutions.

Regulatory Compliance

JSW Energy Limited disclosed this information in compliance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company communicated this development to both BSE Limited and the National Stock Exchange of India, ensuring transparency with stakeholders and regulatory authorities.

The press release regarding this credit rating assignment is available on India Ratings' official website at www.indiaratings.co.in , providing additional details for interested parties and investors.

Corporate Structure Context

XL Xergi Power Private Limited operates as a step-down subsidiary within the JSW Energy Limited corporate structure. This rating assignment reflects the credit assessment of the subsidiary's standalone financial position and its ability to service long-term debt obligations. The development demonstrates the group's commitment to maintaining transparent financial reporting across its subsidiary operations.