Please find enclosed herewith the Annual Report of NTPC Green Energy Limited for FY 2025-26.

Ref. No.: 01: SEC Dated: 05.08.2026 Listing Department Listing Department National Stock Exchange of India Limited BSE Limited “Exchange Plaza”, Bandra-Kurla Complex Floor 25, Phiroze Jeejeebhoy Towers Bandra (E), Mumbai –400 051 Dalal Street Mumbai-400 001 Trading Symbol: NTPCGREEN Scrip Code: 544289 Sub.: - Notice of 4th Annual General Meeting and Annual Report 2025-26 along with e-Voting details of NTPC Green Energy Limited Dear Sir/Madam, This is to inform that the 4th Annual General Meeting (“AGM”) of the Company is scheduled to be held on Friday, August 28, 2026 at 11:00 A.M. (IST) through video conferencing (“VC”)/ other audio-visual means (“OAVM”). Pursuant to Regulation 34(1) read with Regulations 30 and 50 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed herewith the Annual Report of the Company for the financial year 2025-26, including the Notice convening the 4thAGM. The Annual Report for financial year 2025-26, containing the Notice of 4th AGM, has also been uploaded on the website of the Company at www.ngel.in and is available for download at the following link: https://www.ngel.in/public/media_library/1/a2025-26.pdf . The Company is providing remote e-Voting facility to all its members to cast their votes on all resolutions as set out in the Notice of the 4th AGM. The remote e-Voting period commences on Tuesday, August 25, 2026 at 09.00 AM (IST) and ends on Thursday, August 27, 2026 at 5.00 PM (IST). During this period, members holding shares either in physical form or in dematerialized form, as on the cut-off date, i.e., Friday, August 21, 2026, shall be entitled to avail the facility of remote e-Voting. Further, e-Voting facility shall also be available at the AGM for members (as on cut-off date) who have not cast their votes through remote e-Voting and are otherwise eligible to vote. The details regarding manner of registering/updating e-mail address, casting vote through remote e-Voting/ e-Voting during the AGM and attending the AGM through VC/OAVM are provided in the Notice of the 4th AGM. We request you to kindly take the same on record. Thanking you, Yours faithfully, For NTPC Green Energy Limited (Deepak C S) Company Secretary & Compliance Officer M. No. F5060 Encl. as above नैगम काया(cid:170)लय : एनटीपीसी (cid:250)ीन एनज(cid:234) िलिमटेड, ने(cid:253)ा कॉ(cid:204)(cid:200)ल(cid:179)े स, ई-3, उ(cid:299)ोग िवहार फेज-2, (cid:250)ेटर नौएडा, उ(cid:176)र (cid:255)देश – 201306 Corp. Office : NTPC Green Energy Limited, NETRA Complex, E-3, Udyog Vihar Ph.-II, Greater Noida, UP-201306 Reg. Office : NTPC Bhawan, Core-7, SCOPE Complex, 7, Institutional Area, Lodhi Road, New Delhi – 110003 सीआईएन : L40100DL2022GOI396282 | टेलीफोन: 011-24360959 | ईमेल: ngel@ntpc.co.in | www.ngel.in CIN : L40100DL2022GOI396282 | Tel.: 011-24360959 | Email: ngel@ntpc.co.in | www.ngel.in The Company’s Governance process is focused towards achieving its Vision, Mission & Core Values. Vision To be the world’s leading green energy solutions company, driving India’s energy transition. Mission To provide reliable, affordable, and sustainable green energy solutions to achieve India’s energy transition objectives by leveraging innovation and technology. Core Values Customer Focus Integrity Organizational Mutual Innovation & Total Quality & & Agility Pride Respect & Trust Learning Safety elbaT General Information 1. Letter to Shareholders 5 2. Board of Directors 7 3. Key Performance Highlights 10 Statutory Disclosures 4. Notice of AGM 11 5. Board’s Report 20 6. Management Discussion & Analysis Report 39 7. Report on Corporate Governance 46 8. Annual Report on CSR Activities 71 9. Secretarial Audit Report 76 10. Business Responsibility & Sustainability Report 85 11. Reasonable Assurance Statement 128 Financial Statements 12. Standalone Financial Statements 147 13. Independent Statutory Auditors’ Report 222 14. CAG Comments on Standalone Financial Statements 237 15. Consolidated Financial Statements 238 16. Independent Statutory Auditors’ Report 325 4th Annual General Meeting Day & Date : Friday, 28th August 2026 17. CAG Comments on Consolidated Financial Statements 334 Time : 11:00 A.M. Venue/Mode : Video Conferencing (VC)/ Other Audio-Visual Means (OAVM) General Statutory Statutory & Information Disclosures Financial Results Dayapar General Statutory Statutory & Information Disclosures Financial Results Annual Report 2025-26 Reference Information Registered Office NGEL’s Subsidiaries and Joint Ventures NTPC Bhawan, Core -7, Scope Complex, Subsidiaries 7, Institutional Area, Lodi Road, New Delhi-110003 » NTPC Renewable Energy Limited » Green Valley Renewable Energy Limited Registrar & Share Transfer Agent » NTPC UP Green Energy Limited Beetal Financial & Computer Services Pvt. Ltd. » NTPC Rajasthan Green Energy Limited BEETAL House, 3rd Floor, 99, Madangir, Near Dada Harsukh » NTPC-MAHAPREIT Green Energy Limited Das Mandir, New Delhi-110062 » Chhattisgarh NTPC Green Energy Limited Contact person : Shri Ashok Garg Joint Venture Phone : 011-29961281, 011-29961282, » IndianOil NTPC Green Energy Private Limited 011-42959000-09 » ONGC NTPC Green Private Limited Email : beetalrta@gmail.com » AP NGEL Harit Amrit Limited » MAHAGENCO NTPC Green Energy Private Limited Depositories Chief Executive Officer National Securities Depository Limited (NSDL) Shri Sarit Maheshwari Central Depository Services (India) Limited (CDSL) Chief Financial Officer Shares listed at Shri Neeraj Sharma National Stock Exchange of India Limited (NSE) Company Secretary BSE Limited (BSE) Shri Deepak C S Board of Directors Auditor Shri Gurdeep Singh, Chairman & Managing Director P. R. Mehra & Co. Shri Jaikumar Srinivasan, Director (Finance) 901, New Delhi House, 27 Barakhamba Road, Shri K. Shanmugha Sundaram, Director (Projects) Connaught Place, New Delhi - 110001 Shri Deepak Babu, Independent Director Shri Brajesh Kumar Singh, Independent Director Ms. Phalguni Patra, Independent Director Bankers General Statutory Statutory & Information Disclosures Financial Results Gurdeep Singh Chairman & Managing Director General Statutory Statutory & Information Disclosures Financial Results Annual Report 2025-26 Letter to Shareholders Dear Shareholders, capacity beyond 10 GW. Renewable generation reached 14.60 billion units, more than double that of the previous FY 2025–26 marked an important milestone in the journey year. Another significant milestone was the conferment of NTPC Green Energy Limited (NGEL). As our first full year of Schedule 'A' CPSE status on NGEL by the Department of as a listed company, it was a year of strong operational Public Enterprises, recognising the Company's growing scale and financial performance, continued expansion of our and strategic importance. renewable energy portfolio, and steady progress towards our long-term strategic objectives. The confidence shown by our Our financial performance reflected the progress made shareholders and investors following our successful listing during the year. On a standalone basis, total income stood reinforces our commitment to creating sustainable long- at ₹2,143.58 crore with a Profit After Tax of ₹405.97 crore. On term value through disciplined growth, prudent financial a consolidated basis, total income increased to ₹3,035.12 management, and responsible business practices. crore, while Profit After Tax reached ₹521.35 crore. We also successfully raised ₹1,500 crore through listed non- The global energy sector is undergoing a structural convertible debentures, further strengthening our financial transformation, where energy security has become as position to support future investments. important as energy transition. Geopolitical developments, evolving supply chains, climate commitments, and rapid The opportunities ahead extend well beyond conventional technological advancements are reshaping the way countries renewable energy. India's transition towards [Showing first 8,000 characters — download PDF for full document]