Credit Rating

August 18, 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 CARE Ratings has upgraded the credit ratings of long-term bank facilities and long term / short term bank facilities of Adani Power Limited (“APL”) to CARE AA+; Stable and CARE AA+; Stable / CARE A1+ respectively. The rating agency has also upgraded the credit rating assigned to APL’s Non-Convertible Debentures to AA+; Stable. The combined rated facilities are described below: Facilities/ Amount (Rs. Crore) Rating Rating Action Instruments Long Term Bank 52,950.00 CARE AA+; Upgraded from CARE Facilities (Enhanced from Stable AA; Stable 42,950.00) Long Term (LT) / 15,050.00 CARE AA+; LT rating: Upgraded Short Term (ST) Bank Stable / CARE from CARE AA; Stable; Facilities A1+ and ST rating: Reaffirmed Non-Convertible 11,000 CARE AA+; Upgraded from CARE Debentures Stable AA; Stable Non-Convertible 11,500.00 CARE AA+; Assigned Debentures Stable Total 90,500.00 The rating upgrade takes into consideration sustained strong financial and operational performance of APL and its strong market position with a diversified operating portfolio. It also takes into consideration the presence of long term/medium term PPAs providing strong revenue visibility, along with improved fuel security, sustained strong cash flow generation, strengthened capital structure, and a comfortable liquidity 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 Dilip Kumar Jha Chief Financial Officer 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