Report of the Monitoring Agency for the quarter ended June 30, 2026

Registered Office: Dhirubhai Ambani Knowledge City Reliance Centre, Ground Floor, Reliance Power Limited Thane Belapur Road, 19, Walchand Hirachand Marg, CIN: L40101MH1995PLC084687 K oparkhairane, Ballard Estate, Mumbai 400 001 Navi Mumbai 400 710 Tel: +91 22 4303 1000 www.reliancepower.co.in August 06, 2026 BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers Exchange Plaza, 5th Floor, Dalal Street, Fort, Plot No. C/1, G Block, Bandra Kurla Complex, Mumbai 400 001 Bandra (East), Mumbai 400 051 BSE Scrip Code : 532939 NSE Scrip Symbol: RPOWER Dear Sir(s), Sub.: Report of the Monitoring Agency for the quarter ended June 30, 2026 Pursuant to Regulation 32(6) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, read with Regulation 162A of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, we enclose herewith the Report dated August 06, 2026 of Infomerics Valuation and Rating Limited, the Monitoring Agency, in respect of utilization of proceeds of the Preferential Issue of Warrants by the Company during the quarter ended June 30, 2026 duly reviewed by the Audit Committee and Board of Directors of the Company. Kindly take the same on record. Thanking you Yours faithfully, For Reliance Power Limited Ramandeep Kaur Company Secretary Encl.: As above • • • lnfornerics Ratings • (l). SEBI REGISTERED/ RBI ACCREDITED/ NSIC • • • EMPANELLED CREDIT RATING AGENCY Monitoring Agency Report for Reliance Power Limited for the quarter ended June 30, 2026 lnfornerics Ratings • • • SEBI REGISTERED/ RBI ACCREDITED/ NSIC EMPANELLED CREDIT RATING AGENCY Monitoring Agency Report Aug 06, 2026 Reliance Power Limited Reliance Centre Ground Floor, 19, Walchand Hirachand Marg, Ballard Estate, Mumbai – 400001 Dear Sir, Monitoring Agency Report for the quarter ended June 30, 2026 - in relation to the Preferential Issue of Reliance Power Limited (“The Company”) We write in our capacity of Monitoring Agency for the Preferential Issue of the convertible warrants aggregating to Rs.1,524.60 crore of the Company and refer to our duties cast under 162A of the Securities & Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018 (SEBI ICDR Regulations). In this connection, we are enclosing the Monitoring Agency Report for the quarter ended June 30, 2026, as per aforesaid SEBI ICDR Regulations and Monitoring Agency Agreement dated November 25, 2024. Request you to kindly take the same on record. Thanking you, For and on behalf of Infomerics Valuation and Rating Limited Manav Mahajan (Senior Director - Ratings) Manav.Mahajan@infomerics.com • • • lnfornerics Ratings • (l). SEBI REGISTERED/ RBI ACCREDITED/ NSIC • • • EMPANELLED CREDIT RATING AGENCY Report of the Monitoring Agency Name of the Issuer: Reliance Power Limited For quarter ended: June 30, 2026 Name of the Monitoring Agency: Infomerics Valuation and Rating Limited (a) Deviation from the objects: Nil. While no deviation has been observed in utilisation of funds received, the Company received lower aggregate proceeds than originally contemplated due to lapse of warrants not exercised within the prescribed period. (b) Range of Deviation*: Nil Indicate range of percentage deviation from the amount of issue proceeds earmarked for objects. For example, up to 10%, 10 – 25%, 25-50%, 50-75%, 75-100%, not ascertainable etc. * Range of Deviation may be computed by taking weighted average of financial deviation of each object in the ratio of issue proceeds allocated for it. Non-financial deviation may be indicated separately by way of notes. Declaration: We declare that this report provides an objective view of the utilization of the issue proceeds in relation to the objects of the issue based on the information provided by the Issuer and information obtained from sources believed by it to be accurate and reliable. The Monitoring Agency (MA) does not perform an audit and undertakes no independent verification of any information/ certifications/ statements it receives. This Report is not intended to create any legally binding obligations on the MA which accepts no responsibility, whatsoever, for loss or damage from the use of the said information. The views and opinions expressed herein do not constitute the opinion of MA to deal in any security of the Issuer in any manner whatsoever. Nothing mentioned in this report is intended to or should be construed as creating a fiduciary relationship between the MA and any issuer or between the agency and any user of this report. The MA and its affiliates also do not act as an expert as defined under Section 2(38) of the Companies Act, 2013. The MA or its affiliates may have credit rating or other commercial transactions with the entity to which the report pertains and may receive separate compensation for its ratings and certain credit-related analyses. We declare that we do not have any direct / indirect interest in or relationship with the issuer/promoters/directors/management and also confirm that we do not perceive any conflict of lnfornerics Ratings ••• SEBI REGISTERED/ RBI ACCREDITED/ NSIC EMPANEUED CREDIT RATING AGENCY interest in such relationship / interest while monitoring and reporting the utilization of issue proceeds by the issuer. We further declare that this report provides true and fair view of the utilization of issue proceeds. Signature: Name of the Authorized Person/Signing Authority: Manav Mahajan Designation of Authorized person/Signing Authority: Senior Director - Ratings Seal of the Monitoring Agency: Date: Aug 06, 2026 lnfornerics Ratings ••• SEBI REGISTERED/ RBI ACCREDITED/ NSIC EMPANELLED CREDIT RATING AGENCY 1) Issuer Details: Name of the issuer: Reliance Power Limited Names of the promoters of the issuer: Reliance Infrastructure Limited & Shri Anil D Ambani Industry/sector to which it belongs: Reliance Power Limited (hereinafter referred to as “the Company” or “Reliance Power”), operates in the power generation sector and develops, constructs and operates medium and large-scale power projects directly and through subsidiaries/SPVs. . 2) Issue Details: Preferential Issue Issue Period: October 25, 2024 - November 08, 2024 Type of issue (public/rights): Preferential Issue Type of specified securities: Convertible Warrants Grading:NA Issue size (Rs in Crores): Rs.1,524.60 crores (Note No. 1) The company has issued and allotted 46,20,00,000 warrants, convertible into equivalent number of equity shares of face value of Rs. 10, under a preferential issue at issue price of Rs.33.00 (including a premium of Rs.23.00) aggregating to Rs.1,524.60 crore in accordance with provisions of the SEBI (Issue of Capital and Disclosure Requirement) Regulations, 2018. During the quarter ended June 30, 2025, the Company allotted 11,88,00,000 fully paid-up equity shares of Rs. 10/- each, upon exercise of right attached to the warrants. The Company has allotted 10,55,00,000 equity shares on May 07, 2025, and 1,33,00,000 equity shares on May 20, 2025, upon exercise of rights attached to the warrants, for a total consideration of Rs. 392.04 crore. lnfornerics Ratings • • • SEBI REGISTERED/ RBI ACCREDITED/ NSIC EMPANELLED CREDIT RATING AGENCY During the quarter ended June 30, 2026, 34,32,00,000 outstanding warrants issued by the Company lapsed on account of non-conversion within the prescribed period of 18 months. Consequently, the amount of Rs 302.62 Crore received against such warrants has been forfeited. Note 1 Particulars Remarks Total warrants issued and subscribed as part of preferential issue 46,20,00,000 Total proceeds proposed to be received under preferential issue (in Rs. crore) # 1,524.60 Total Proceeds Received till year ended March 2026 (A) 694.65 Total Proceeds Utilised till year ended March 2026 694.65 Total proceeds un-utilised till year ended March 2026 Nil Total Proceeds Received in quarter ended June 2026 (B) Nil Total Proceeds Utilised in quarter ended June, [Showing first 8,000 characters — download PDF for full document]