Credit Rating

November 10, 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 – 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 ICRA Limited has upgraded the Long term ratings of Adani Power Limited (“the Company”) to [ICRA] AA+ (Stable) from [ICRA] AA (Stable) and reaffirmed the short-term ratings of [ICRA] A1+ for the enhanced Term Loan, Working Capital, and Non-Convertible Debenture facilities. The combined rated facilities are described below: Facilities/ Instruments Amount Rating Rating Action (Rs. Crore) Long-term Fund-based – Term 44,961.70 [ICRA]AA+ (Stable) Upgraded loan Long-term– Fund based working 15,050.00 [ICRA]AA+ (Stable) Upgraded capital Short term – Non Fund based- 7,988.30 [ICRA]A1+ Reaffirmed and Bank Guarantee assigned for enhanced amount Non-Convertible Debentures 7,500.00 [ICRA]AA+ (Stable) Upgraded Proposed Non-Convertible 3,500.00 [ICRA]AA+ (Stable) Upgraded Debentures Proposed Non-Convertible 11,500.00 [ICRA]AA+ (Stable) Assigned Debentures Total 90,500.00 The rating upgrade of APL reflects its sustained operational robustness and financial strength, as well as expected capacity additions from ongoing projects. The ratings also factor in an increase in capacity tie-ups under long-term and medium-term Power Purchase Agreements, various competitive advantages, and a diversified counterparty profile. 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 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