Credit Rating

September 1, 2026 BSE Limited National Stock Exchange of India Limited Floor 25, P J Towers, Exchange Plaza, Dalal Street, Bandra Kurla Complex, Mumbai – 400 001 Bandra (E), Mumbai – 400 051 Scrip Code: 533096 Scrip Code: ADANIPOWER Dear Sirs, Sub.: Disclosure under Regulation 30 (Disclosure of events or information) – Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 – Upgrade, Affirmation and Assignment of Credit Ratings Pursuant to Regulation 30 and other applicable Regulations of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, this is to inform that India Ratings and Research (Ind-Ra) has upgraded Adani Power Limited’s (APL) Non-Convertible Debentures (NCDs) and bank loan facilities to ‘IND AA+’ from ‘IND AA’ with a Stable Outlook, while affirming the short-term debt at ‘IND A1+’. The agency has also rated APL’s additional NCDs and bank loan facilities. The detailed rating actions are as follows: Facilities/ Instruments Amount (Rs. Crore) Rating Rating Action Non-Convertible Debentures 11,000 IND AA+/Stable Upgraded Non-Convertible Debentures 11,500 IND AA+/Stable Assigned Bank loan facilities 58,000 IND Long-term rating AA+/Stable/ upgraded; short-term IND A1+ rating affirmed Bank loan facilities 10,000 IND Assigned AA+/Stable/ IND A1+ The rating upgrade reflects APL’s strong and improving business profile, supported by its sizeable contracted operating portfolio, fuel security arrangements, healthy operating cash flows, and enhanced visibility on earnings from its expansion pipeline. The ratings also factor in APL’s healthy financial flexibility and adequate liquidity despite significant capex commitments towards its capacity expansion plans. The information above is also being updated on the Company’s website at www.adanipower.com. Kindly take our above-referred disclosure on your record. For Adani Power Limited Puneet Bansal Company Secretary Adani Power Limited Tel +91 79 2656 7555 “Adani Corporate House” Fax +91 79 2555 7177 Shantigram, Near Vaishno Devi Circle, info@adani.com S. G. Highway, Khodiyar, www.adanipower.com Ahmedabad-382421, Gujarat India CIN: L40100GJ1996PLC030533 Registered Office: “Adani Corporate House”, Shantigram, Near Vaishno Devi Circle, S. G. Highway, Khodiyar, Ahmedabad-382421