Outcome of Board Meeting

JAIPRAKASH POWER VENTURES LIMITED Ref: JPVL:SEC:2026 19th October, 2026 The Manager The Manager Listing Department Listing Department National Stock Exchange of India Ltd. BSE Limited "Exchange Plaza", C-1, Block G 25th Floor, New Trading Ring Bandra-Kurla Complex Rotunda Building Bandra (E) P J Towers, Dalal Street, Fort Mumbai - 400 051 Mumbai - 400 001 Scrip Code: JPPOWER Scrip Code: 532627 Sub: Outcome of Board Meeting held on 19th October, 2026 and submission of Unaudited Financial Results (Standalone and Consolidated) for the quarter and half year ended 30th September, 2026 as per SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“SEBI Listing Regulations”) Dear Sir/Madam, The Board of Directors of Jaiprakash Power Ventures Limited at its meeting held on Monday, 19th October, 2026, has, inter alia: 1. Approved the Unaudited Financial Results (Standalone and Consolidated) of the Company for the quarter and half year ended 30th September, 2026. The Unaudited Financial Results (Standalone and Consolidated) of the Company for the quarter and half year ended 30th September, 2026, prepared in terms of Regulation 33 of the SEBI Listing Regulations, together with the Limited Review Report of the Statutory Auditors are enclosed herewith. These results are also being uploaded on the Company’s website at www.jppowerventures.com. 2. Approved, on the recommendation of the Nomination and Remuneration Committee: a) the appointment of Mr. Ravi Kapoor (DIN: 00003847) as an Independent Director of the Company for a first term of three (3) consecutive years with effect from 19th October, 2026, subject to the approval of the Shareholders of the Company; b) the appointment of Mr. Jigar Dalal as the Chief Financial Officer (Key Managerial Personnel) of the Company, with effect from 1st November, 2026; c) the appointment of Mr. Paresh Patel as the Company Secretary and Compliance Officer (Key Managerial Personnel) of the Company, with effect from 1st December, 2026. Details as required under Regulation 30 of the SEBI Listing Regulations read along with SEBI Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026 are given as Annexure “A”. Corp. Office 'JA House', 63, Basant Lok, Vasant Vihar, New Delhi - 110 057 (India) Ph.:+91(11) 49828500 Fax:+91(11) 26145289 Regd. Office Complex of Jaypee Nigrie Super Thermal Power Plant, Nigrie Tehsil Sarai, Distt. Singrauli - 486669,(M.P.) Ph. : +91 (7801) 286021-39 Fax : +91 (7801) 286020 E-mail : jpvl.investor@jalindia.co.in, Website : www.jppowerventures.com CIN : L40101MP1994PLC042920 JAIPRAKASH POWER VENTURES LIMITED Further, pursuant to Regulation 30(5) of the SEBI Listing Regulations, the revised list of the Key Managerial Personnel (KMP) authorized, severally to determine the materiality of an event or information and to make disclosures to the Stock Exchanges, with effect from 1st December 2026, is set out below: Name of KMP Designation Email Id Mr. Savan Patel Whole-time Director Mr. Jigar Dalal Chief Financial Officer jpvl.investor@jalindia.co.in Mr. Paresh Patel Company Secretary & Compliance Officer The meeting commenced at 4:30 p.m. and concluded at 5:35p.m. You are requested to kindly take the same on your record. Thanking you, Yours faithfully, For Jaiprakash Power Ventures Limited Savan Jayendra Patel Whole-Time Director DIN: 02687808 Encl: As above Corp. Office 'JA House', 63, Basant Lok, Vasant Vihar, New Delhi - 110 057 (India) Ph.:+91(11) 49828500 Fax:+91(11) 26145289 Regd. Office Complex of Jaypee Nigrie Super Thermal Power Plant, Nigrie Tehsil Sarai, Distt. Singrauli - 486669,(M.P.) Ph. : +91 (7801) 286021-39 Fax : +91 (7801) 286020 E-mail : jpvl.investor@jalindia.co.in, Website : www.jppowerventures.com CIN : L40101MP1994PLC042920 LODHA. 12, Bhagat Singh Marg, New Delhi -110 001, India Telephone : 91 11 23710176 / 23710177 / 23364671 / 2414 (Q LLP E-mail delhi@lodhaco.com Chartered Accountants Independent Auditor's Review Report on Quarterly and Year to Date Unaudited Standalone Financial Results of Jaiprakash Power Ventures Limited pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended To The Board of Directors of Jaiprakash Power Ventures Limited 1. We have reviewed the accompanying statement of unaudited standalone financial results of JAIPRAKASH POWER VENTURES LIMITED ('the Company') for the quarter ended September 30, 2026 and year to date from April 1, 2026 to September 30, 2026 ("the Statement"), attach~d-herewith, being submitted by the Company pursuant to the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements), 2015, as amended ("the Listing Regulations"). 2. This Statement, which is the responsibility of the Company's Management and approved by the Board of Directors of the Company, has been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34 "Interim Financial Reporting" ("Ind AS 34"), prescribed under Section 133 of the Companies Act, 2013 read with Rules issued thereunder and other accounting principles generally accepted in India and in compliance with Regulation 33 of the Listing Regulations. Our responsibility is to express a conclusion on the Statement based on our review. 3. We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410, "Review of Interim Financial Information Performed by the Independent Auditor of the Entity" issued by the Institute of Chartered Accountants of India. This standard requires that we plan and perform the review to obtain moderate assurance as to whether the Statement is free of material misstatement. A review of interim financial information consists of making enquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Standards on Auditing specified under Section 143(10) of the Companies Act, 2013 and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion. 4. Basis for Qualified conclusion Attention is drawn to: (A) Note no.7 of the accompanying financial results regarding non provisioning against the recompense claim amount of Rs. 5,69,651 lakhs claimed by the lenders (ICICI bank as lead). As stated in the said note, the Company has challenged the amount demanded and advised ICICI bank to explain basis for amount so demanded. Management of the Company believes that based on present free cashtlow situation and taking into consideration the extent RBI guidelines, nothing is payable/due as on 30th September, 2026. Further in the opinion of the management, impact if any, will not be material, on the state 1of affairs as same is recoverable under PPAs, as stated in the note no. 7. In the opinion of the management, impact, if any, cannot be ascertained at this stage. Further, ICICI bank and all other lenders of the existing consortium have transferred and assigned the term loans (together with all rights and claims) to new lenders. Matter stated in para (A) above had also been qualified in our audit report on the standalone financial statements for the year ended 31st March, 2026 and limited review report for the previous quarter ended 301h June, 2026 was also modified in respect of para (A) above. ~ New e~hi t::: gd. Office: 19, Esplanade Mansions. 14 Government Place East. Kolkata 700069, West Bengal, India. Lodha & Co (ICAI Reg. No. 301051 E) a Partnership Firm was converted into Lodha & Co LLP (Identification No. ACE-5752) a Limited Liabrnty Partnership with effect from December 27, 2023 Kolkata Mumbai New Delhi Chennai Hyderabad Jaipur accordingly, the subsequent invocation and enforcement of the CG by S81, [Showing first 8,000 characters — download PDF for full document]