JSW Energy Limited has announced that its step-down subsidiary JSW Energy (Kutehr) Limited has received a credit rating assignment from India Ratings and Research Private Limited. The rating agency assigned 'IND A+/Positive' for the subsidiary's bank loan facilities through its release dated February 24, 2026.

Credit Rating Details

The rating assignment covers the bank loan facilities of JSW Energy (Kutehr) Limited, which operates as a step-down subsidiary of JSW Energy Limited. The 'IND A+/Positive' rating indicates a strong credit profile with a positive outlook, reflecting the rating agency's assessment of the subsidiary's financial position and business prospects.

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's communication was signed by Monica Chopra, Company Secretary, and filed with both BSE Limited and National Stock Exchange of India Limited.

About the Rating Agency

India Ratings and Research Private Limited (Ind-Ra) is the rating agency that conducted the assessment and assigned the credit rating. The detailed press release regarding this rating assignment is available on the agency's official website at www.indiaratings.co.in , providing stakeholders with comprehensive information about the rating rationale and methodology.

This credit rating assignment represents an important milestone for JSW Energy's subsidiary operations and provides transparency to investors and lenders regarding the creditworthiness of JSW Energy (Kutehr) Limited's banking facilities.

JSW Energy Limited has issued a postal ballot notice dated 23rd February, 2026, seeking shareholder approval for the re-appointment of Mr. Munesh Khanna as an Independent Director. The company is proposing his re-appointment for a second term of five consecutive years, effective from 26th March, 2026.

Postal Ballot Process and Timeline

The postal ballot notice has been sent exclusively through electronic mode to all eligible members as of the cut-off date of 20th February, 2026. The company has clarified that no physical copies of the postal ballot notice or forms will be dispatched to members, and no physical ballot forms will be accepted.

Director Profile and Qualifications

Mr. Munesh Khanna, aged 63 years, currently serves as an Independent Director with his term expiring on 25th March, 2026. He was originally appointed to the board on 26th March, 2021, following approval at the 27th Annual General Meeting held on 4th August, 2021.

Board Recommendation and Evaluation

The Compensation and Nomination & Remuneration Committee (CNRC) recommended Mr. Khanna's re-appointment at its meeting held on 22nd January, 2026, based on his performance evaluation and significant contributions during his tenure. The Board of Directors subsequently endorsed this recommendation at their meeting on 23rd January, 2026.

The board highlighted Mr. Khanna's expertise in several key areas:

• Strategic corporate finance, including capital raising through capital markets and private equity
• Mergers & acquisitions and divestitures
• Corporate restructuring and financial strategy execution
• Deep governance experience across multiple industry sectors

Remuneration and Board Participation

During FY 2024-25, Mr. Khanna received remuneration comprising sitting fees of Rs. 10.60 lakhs and commission of Rs. 60 lakhs. He attended 7 out of 8 board meetings during the year 2025-26, demonstrating active participation in board proceedings.

Voting Process and Scrutiniser

The company has engaged KFin Technologies Limited as the Registrar and Share Transfer Agent to facilitate the remote e-voting process. Mr. Shreyans Jain, Proprietor of Shreyans Jain & Co., Practising Company Secretaries (Membership Number: FCS 8519), has been appointed as the Scrutiniser to ensure a fair and transparent voting process.

Shareholders can access the postal ballot notice through multiple channels, including the company's website, BSE and NSE websites, and KFin Technologies' portal. The resolution requires approval by way of a Special Resolution, and subject to receiving the requisite number of votes, it will be deemed passed on 25th March, 2026.