Outcome of Board Meeting

Company under CIRP, Hon’ble NCLT, Hyderabad Bench-I, Order dated 15th May, 2026 Ref: IPCL/SE/LODR/2026-27/IBC 29th October, 2026 The Secretary, The Vice President National Stock Exchange of India Ltd., Metropolitan Stock Exchange of India Ltd Exchange Plaza, Plot No. C/1, G Block Building A, Unit 205A, 2nd Floor, Bandra Kurla Complex, Piramal Agastya Corporate Park, Bandra (E), Mumbai- 400 051. L.B.S Road, Kurla West, Mumbai - 400 070 Scrip Symbol: DPSCLTD Scrip Symbol: DPSCLTD Ref: Notice bearing Ref. No. NSE/LIST-SOP/FINES/1028 dated September 11, 2026 issued by NSE, Notice bearing Ref. No. MSE/LIST/2026/1110 dated September 11, 2026 issued by MSEI and Company’s Letter No. IPCL/SE/LODR/2026-27/IBC dated 9th October, 2026 Sub: Outcome of the Resolution Professional (RP) Management Committee Meeting [in lieu of suspended Board of Directors] pursuant to Regulations 30 and 33 of SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015 (Listing Regulations) Further to Company’s letter of intimation / notice dated 14th August, 2026 regarding postponement of the Management Meeting of the Company to inter-alia consider and approve the un-audited Standalone and Consolidated Financial Results for the quarter ended 30th June, 2026 including intimation by the Company of your above notice dated 12th September, 2026. and subsequent intimation of Board /Management Committee Meeting dated 9th October, 2026. Please note that the Company is currently undergoing proceedings under the Insolvency and Bankruptcy Code, 2016 (“IBC”). The Hon’ble National Company Law Tribunal (“NCLT”), Hyderabad Bench-1, vide its order dated 15th May, 2026, admitted an application under Section 7 of the IBC against the Company, thereby commencing the Corporate Insolvency Resolution Process (“CIRP”). Consequently, the powers of the Board of Directors of the Company stands suspended. Pursuant to Regulation 30 and 33 of Listing Regulations, 2015, this is to inform you that the Resolution Professional (RP) at its Management Committee meeting (in lieu of suspended Board of Directors) held today i.e. 29th October, 2026, has inter alia considered, approved and taken on record the Unaudited Standalone and Consolidated Financial Results of the Company for the quarter ended 30th June, 2026. The Unaudited Standalone and Consolidated Financial Results for the quarter ended 30th June,2026 along with Limited Review Reports thereon issued by M/s. SS Kothari Mehta & Co. LLP, Statutory Auditors of the Company are enclosed herewith. The Company is arranging to publish the Financial Results in the prescribed format in the newspapers and the same shall be uploaded on the Company’s website www.indiapower.com. The meeting of the Management Committee of the Company commenced at 3.00 p.m. and concluded at 6.00 p.m. Thanking You. For India Power Corporation Limited (Under CIRP) MS Mano Ranjani, Resolution Professional for India Power Corporation Limited Regn. No.: IBBI/IPA-001/IP-P00736/2017-2018/11235 AFA No. AA1/11235/02/300627/109371 – valid up to 30 June 2027 Registered Address: Flat No. 122, Vasavi Indraprastha, Street No. 1, Czech Colony, Sanathnagar, Hyderabad – 500018, Telangana, India Email ID : mano3ranjani@gmail.com Email ID for all communications: ipcl.ibc@gmail.com Encl: as above India Power Corporation Limited CIN: L40105WB1919PLC003263 [formerly DPSC Limited] Registered Office: Plot No. X1- 2&3, Block-EP, Sector –V, Salt Lake City, Kolkata – 700 091 ETel.: + 91 33 6609 4308/09/10W, Fax: + 91 33 2357 2452 Central Office: Sanctoria, Dishergarh 713 333, Telephone: (0341) 6600454/457 Fax: (0341) 6600464 : corporate@indiapower.com : www.indiapower.com India Power Corporation Limited tNDIAPo.;6 (formerly OPSC Limited) Company Under CIRP, Hon'ble NCLT, Hyderabad, Sench-1 Order dat"d 15th May, 2026 CIN: L40105WS1919PLC003263 R•gd. 0ffice:Plot No. XI- 2 ti 3, 6/ock-EP, Sector-V, Salt lake City, Kotkota-700 091 Emait~corporate@indiapower.com Website: www.indiapower.com . Statement of Standalone Unaudited Financial Results for the quarter ended 30th June 2026 (l in lakhs) Particulars Quarter ended Year ended 30•06•2026 31-03-2026 30-06·2025 31·03-2026 (Unaudited) (Audited) !Unaudited) (Audited} Income 17,655.78 15,682.07 15,839.18 64,702.01 Rev~nue from operations Other income 111.90 457.01 472.22 1,636.10 Total Income 17,767.68 16, 139,08 16,311.40 66,338.11 Expenses Cost of coal consumed 437.01 257.35 498.56 1,338,94 Energy purchase 14,111.46 13,182.63 12,203.40 53,195.67 Lease rent 256.32 256.32 Employ~ be,1efits expense 1,300.11 1,272.20 1,410.76 5,730.77 finance costs 269.89 611.68 '433.26 1,856.50 Oepreciation aod amo1t1:sat1on expense 866.67 880.08 895.51 3,570.49 Other-<?xpenses 562.42 1,245.86 892.78 3,652.58 Tout Expenses 17,547.56 17,◄49.80 16,590.59 69,601.27 Profit/(loss) before rate rC1Ulated activities, exceptional items & tax 210.12 11,310.72) (279.19) 13,263.16) Regulatory inc;ome/(exp~nse) (net) 658. 10 1,703.53 805.61 5,195.95 Profit/(loss) before-exceptional items & tax 878.22 392,81 526.42 1,932.79 Exce-ptiooal item . . 12<,530.87) 124,530,87) Profit/(los.s) before tax 878.22 392.81 124,004.45) (22,598.08) Tax expense Current tax 331.67 297.65 147.53 749.02 (113.74) (350.78/ (6.35) (371.31) Deferred tax Profit/(loss) for the pedod 660.29 445.94 (24,145.63) (22,975.79) Olhe( Comorehensive Income (00) lt¢ms that will not be reclassified to Profit Of LO$S 12.01 37.98 112,78) 38.45 Income tax relating to items that will net be rectassified to Profit t).02) (9.561 3.22 (9,68\ or Loss Totot Ct.he( Comprehe11swe lnc;ome/(loss) 8,99 28.42 (9.56) 28.n Total Comprehensive incomc/(loss) for the period 669.28 474,36 (24, 155.19) (22,947,02) Paid-up e-quit:y share capita.I (Fae~ value of , 1 each) 9,737,90 9,737.90 9,737.90 9,737.90 (2,533.71 I Other equity excluding revalu:iuon reserve E:irnings per equity share (EPS) (face vatu~ of :t 1 (:3<:h) (not annualised) Basic ond Diluted (') 0.04 0.03 (1.53) 11.461 Notes: Pursuant to tile application under section 7 of Insolvency and Bankruptcy Code, 2016 ('Code') flled by one of the financial creditors of M.eenakshi Energy limitOO to whom the Compuny had given Corporat~ Guarantee, being C.P 16/205/2021, the Nc!itional Company Law Trtbooal (NCU), Hyderabad Bench, adm1tted tile .1pplicatton vlde order d.1tcd 15th May, 2026 and dir'CCt<'d to initiate Corporate-lnsotvency Resolution Process (CIR.P) a.eainst the Company, Medaramcd::i Srintvasa Manoraniani (186I/IPA·001/IP•P00736/2017•2018/11235) has been appointed .>s the Interim Resolution Professronal (IRP) and has subSCquemty been confirmed as Re-solution Profcssic1\Jt (RP). Appeal has been filed against the .said Order before Hon'ble NCLAT, which is pending adjudication. Upon Commencement of C.IRP, the powers of the Bo~ud of Directors of the Company, and its Ccmmittcl'-S, i1Kluding the Audit Committee, stands susp<.-nde<I and management of the Company vest in the RP. While the powers of Boa.rd of Oirecton are suspended in acco<daoce with the provisions of the Code, they are req,.iired to pcr-fol'm their dutie$ and tesponslblllt1es under appti,able laws, including the Companies Act, 2013 and the SEBI (Listing Obligations and OtSctosure Requirements), 2015. Accordingly, Creditors (including financ'31 Creditors) have sut>mmed the c::taims to the IRP/RP amounting to~ 9,35,618.28 lnkhs out cf which claims amounting to°' 8,72,049,61 I.aims have been admitted by IRP/RP as on 30th June 2026, the necessaty provisions/adjustments with respect to such claims shal1 be made upon fin at outcOC'l'le of the CIR Process of the Company. z The Company ts unoer moratorium under sect•on I◄ of tile Cod'=' Ult the completion of CIR.I' LW'ltll the Adjudic-atmg Authonty .:ipproves the rcS<Jlution plan under sub-section 111 Qf stclion 3l of the Code or pm ~n order for liquida~on of Corporate Debtor under section lJ of the Code. as the case m;iy be. 3 As the Company is under ORP, Its ability to continue a-s a got11g c [Showing first 8,000 characters — download PDF for full document]