General Updates

Ref No: CACS/Sectt./efile 8713 Date: September 01, 2026 National Stock Exchange of India Limited, BSE Limited Exchange Plaza, C/1, Block G, 1st Floor, Phiroze Jeejeebhoy Towers, Bandra Kurla Complex, Bandra (E), Dalal Street, Kala Ghoda, Fort, Mumbai – 400001 Mumbai – 400051 Symbol- IREDA Scrip Code- 544026 ISIN: INE202E01016 Subject: Board Comments on fine levied by the Exchanges Dear Sir/Madam, In continuation to our earlier letter dated August 27, 2026, wherein it was informed that the Stock Exchanges i.e., BSE and NSE vide notice dated August 25, 2026 had imposed fines on Company for non- compliance with certain provisions of the Listing Regulations pertaining to the composition of Board of Directors and Committees thereof for the quarter ended June 30, 2026. In this regard, this is to inform you that as advised by the Stock Exchanges vide notice dated August 25, 2026, the aforesaid matter of non-compliance was placed before the Board of Directors of the Company at its meeting held Today, September 01, 2026, wherein the Board noted the status of non-compliance and the fines imposed by the Stock Exchanges. The Board desired that being a Government Company, the power to appoint Directors are vested with the President of India, which is exercised through Administrative Ministry i.e., Ministry of New and Renewable Energy (MNRE). Accordingly, MNRE be requested to expedite the appointment of requisite number of Independent Directors (including women director) on the Board of the Company. The Board also desired that the Stock Exchanges be requested to waive the fines imposed on the Company and also not to impose any further fine/penalty, since the matter relating to appointment of Independent Directors is beyond the control of the Company and there is no violation on the part of the Company. You are requested to please take the same on record. Thanking You, For Indian Renewable Energy Development Agency Limited Ekta Madan Company Secretary Encl: BSE Email and NSE Letter dated 25.08.2026 Outlook 544026-Fines as per SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 issued on July 11, 2023 and last updated on January 30,2026 (Chapter VII (A)-Penal Action for Non-Compliance) Frombse.soplodr <bse.soplodr@bseindia.com> Date Tue 8/25/2026 7:11 PM To Equity Investor <equityinvestor2023@ireda.in>; Ekta Madan <ektamadan@ireda.in>; Ekta Madan <ektamadan@ireda.in> Cc bse.soplodr <bse.soplodr@bseindia.com> Some people who received this message don't often get email from bse.soplodr@bseindia.com. Learn why this is important [WARNING] This email originated from outside of the organization. Do not click links or open attachments unless you recognize the sender and know the content is safe. Ref.: SOP-CReview/ QTR-Jun-26 The Company Secretary/Compliance Officer Company Name: Indian Renewable Energy Development Agency Ltd Scrip Code: 544026 Dear Sir/Madam, Sub: Fines as per SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 issued on July 11, 2023 and last updated on January 30,2026 (Chapter VII (A)-Penal Action for Non-Compliance). The company is advised to refer to the SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 issued on July 11, 2023 and last updated on January 30,2026 issued by Securities and Exchange Board of India (SEBI) with respect to penal actions prescribed for non-compliance of certain provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and the Standard Operating Procedure for suspension and revocation of trading of specified securities of listed entities. The Exchange had also issued a guidance note regarding the provisions of the said SEBI circular which is disseminated on the Exchange website at the following link: https://www.bseindia.com/downloads1/Guidance_Note_for_SEBI_SOP_Circular.pdf In this regard it is observed that the company is non-compliant/late compliant with the following Regulations for the period mentioned below: Applicable Regulation Fine Fines levied till the Fine payable by the company as on August 25,2026 of SEBI (LODR) prescribed quarter ended (inclusive of GST @ 18 %) Regulations, 2015 Basic Fine GST @ 18 Total Fine % payable Regulation 17(1) Rs. 5,000 June 2026 455000 81900 536900 Non-compliance with the per day requirements pertaining to the composition of the Board including failure to appoint woman director Regulation 17(1A) Rs. 2,000 June 2026 0 0 0 Non-compliance with the per day requirements pertaining to appointment or continuation of Non- executive director who has attained the age of seventy-five years Regulation 17(2) Rs. 10,000 June 2026 0 0 0 Non-compliance with the per instance requirements pertaining to the number of Board meetings Regulation 17(2A) Rs. 10,000 June 2026 20000 3600 23600 Non-compliance with the per instance requirements pertaining to quorum of Board meetings. Regulation 18(1) Rs. 2,000 June 2026 182000 32760 214760 Non-compliance with the per day constitution of audit committee Regulation 19(1)/ 19(2) Rs. 2,000 June 2026 182000 32760 214760 Non-compliance with the per day constitution of nomination and remuneration committee Regulation 20(2)/(2A) Rs. 2,000/- June 2026 182000 32760 214760 Non-compliance with the per day constitution of stakeholder relationship committee Regulation 21(2) Rs. 2,000/- June 2026 182000 32760 214760 Non-compliance with the per day Constitution of risk management committee Regulation 27(2) *Rs. 2,000/- June 2026 0 0 0 per day Non-submission of the (-) Corporate governance compliance report within the period provided under this regulation Total 1203000 216540 1419540 (*) As per the provisions of the circular the fines will continue to be computed further till the time of rectification of the non-compliance to the satisfaction of the Exchange or till the scrip of the listed entity is suspended from trading for non-compliance with aforesaid provisions. The Company is therefore advised to note that as per the provisions of this circular: · The company is required to ensure compliance with above regulation and ensure to pay the aforesaid fines including GST within 15 days from the date of this letter/email, failing which Exchange shall, pursuant to the provisions of the aforesaid circular, initiate action related to freezing of the entire shareholding of the promoter in this entity as well as all other securities held in the demat account of the promoter. · Further in the event of this being the second consecutive quarter of non-compliance for the Regulation 17(1), 18(1), 27(2) would result in the company being transferred to Z group and liable for suspension of trading of its equity shares. · The company is also advised to ensure that the subject matter of non-compliance which has been identified and indicated by the Exchange and any subsequent action taken by the Exchange in this regard shall be placed before the Board of Directors of the company in its next meeting. Comments made by the board shall be duly informed to the Exchange for dissemination. For the Companies to whom Regulation 15 (2) of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015, is not applicable, a certificate from the Company Secretary/Compliance Officer of the company, certifying that Paid up equity capital was not exceeding Rs.10 Crores and Net worth was not exceeding Rs.25 Crores as on the last day of the previous three consecutive financial year is required to be submitted to the Exchange. Companies are required to mention the exact paid up equity capital and net worth figures in this certificate. Provided that where the provisions of the regulations specified in the regulation becomes applicable to a listed entity at a later date, such listed entity shall comply with the requirements of those regulations within six months from the date on which the provisions became applicable to the listed entity. Provided further that once the above regulations become applicable to a listed entity, they s [Showing first 8,000 characters — download PDF for full document]