Corporate Insolvency Resolution Process

INDIA~ Company under CIRP, Hon'ble NCLT, Hyderabad Bench-I, Order dated 15th May, 2026 Ref: IPCL/SE/PIT /2026-27 /IBC Date: 21st August, 2026 The Secretary The Vice President National Stock Exchange oflndia Limited Metropolitan Stock Exchange oflndia Limited Exchange Plaza, Plot No. C/1, G Block Bandra Building A, Unit 205A, 2nd Floor, Kurla Complex Bandra (E), Mumbai-400 051 Piramal Agastya Corporate Park, LB.S Road, Kurla West, Scrip Symbol: DPSCLTD Mumbai -400 070 Scrip Symbol: DPSCLT D Dear Sirs / Madam, Sub: Disclosure under Regulation 7(2) read with Regulation 6(2) continual disclosure of the SEBI (Prohibition oflnsider Trading) Regulations, 2015 Please note that the Company is presently undergoing the Corporate Insolvency Resolution Process ("CIRP") under the Insolvency and Bankruptcy Code, 2016 ("IBC"). The Hon'ble National Company Law Tribunal, Hyderabad Bench-I, vide its order dated 15th May, 2026, admitted an application under Section 7 of the IBC against the Company, thereby commencing the CIRP. Consequently, the powers of the Board of Directors of the Company stand suspended in terms of the provisions of the IBC. In this regard, please find enclosed the disclosure in Form C received by the Company on 20th August, 2026 from Aksara Commercial Private Limited, a member of the Promoter Group, in respect of sale of equity shares of the Company. The said disclosure is being forwarded to the Stock Exchanges pursuant to Regulation 7(2)(b) read with Regulation 6(2) of the SEBI (Prohibition of Insider Trading) Regulations, 2015 ("PIT Regulations"), and the Company requests the Stock Exchanges to kindly take the same on record. The Company further wishes to place on record the following facts and circumstances relating to the said transaction: 1. A meeting of the Suspended Board of Directors with the Resolution Professional / Management Committee of the Company, inter alia, to consider and approve the unaudited financial results of the Company for the quarter ended 30th June, 2026, both standalone and consolidated ("UFR"), was originally scheduled to be held on 12th August, 2026. The said meeting was subsequently postponed to 14th August, 2026, as the Resolution Professional had sought certain further clarifications in relation to the financial results. 11 On 14th August, 2026, the said Management Meeting was further postponed until further notice by the Resolution Professional, as the examination and review of the financial results were still in progress. 111. Accordingly, the closure of the Trading Window was extended from time to time and continues to remain in force. The Trading Window shall reopen only after 48 hours from the declaration of the aforesaid financial results, in accordance with the applicable provisions of the PIT Regulations. The aforesaid continuation of closure of the Trading Window and the related developments were duly intimated by the Company to the Stock Exchanges, from time to time. 1v. It is pertinent to mention that, notwithstanding the continued closure of the Trading Window by the Company, Aksara Commercial Private Limited has sold 50,000/- numbers of equity shares of the Company at NSE for a consideration of Rs.3,52,776/- (Rupees 1bree Laks Fifty Two Thousand Seven Hundred Seventy Six Only) in violation of the Company's Code of Conduct to Regulate, India Power Corporation Limited CIN:L40105WB1919PLC003263 [formerly,DPSC Limited] Registered Office: Plot No. Xl-2&3, Block-EP, Sector -V, Salt Lake City, Kolkata - 700 091 Tel.:+ 91 33 6609 4308/09/10, Fax:+ 91 33 2357 2452 Central Office: Sanctoria, Dishergarh 713 333, Telephone: (0341) 6600454/457 Fax: (0341) 6600464 E: corporate@indiapower.com W: www.indiapower.com INDIA~ Company under CIRP, Hon'ble NCLT, Hyderabad Bench-I, Order dated 15th May, 2026 Monitor and Report trading by insiders read with Schedule B and Regulation 9 of the SEBI (Prohibition of Insider Trading) Regulations, 2015, as amended, from time to time. You are requested to kindly take the above disclosure and the enclosed Form C on record. Thanking you, Yours faithfully, Medarametla Sreenivasa Mano Ranjani Resolution Professional In the matter ofM/s India Power Corporation Limited Reg# IBBI/IP A-00 l /IP-P00736/2017-2018/1 123 5 AFA# AAl/11235/02/300627/109371; valid up to 30 06.2027 Email for correspondence: ipcl.ibc@gmail.com India Power Corporation Limited CIN:L40105WB1919PLC003263 [formerly DPSC Limited] Registered Office: Plot No. Xl-2&3, Block-EP, Sector -V, Salt Lake City, Kolkata - 700 091 Tel.:+ 91 33 6609 4308/09/10, Fax:+ 9133 2357 2452 Central Office: Sanctoria, Dishergarh 713 333, Telephone: (0341) 6600454/457 Fax: (0341) 6600464 E: corporate@indiapower.comW:www.indiapower.com 3, Middle Road, Hastings _f/ P /7 , P ( 7) , 1_ fl, , 1 f Kolkata -700 022 07/eiata COmmttalal !r'C.lfJaU=t .LunitUt Phone : 033 2223 0368 ---·--------------------- CIN No. : U51909WB2009PTC139234 20.08.2026 India Power Corporation Limited (formerly DPSC Limited), Plot Xl-2 & 3, Block-EP, Sector V, Salt Lake City, Kolkata -700 091 Dear Sirs, Sub: Regulation 7(2) read with Regulation 6(2) - Continual Disclosure of SEBI (Prohibition of Insider Trading) Regulations, 2015 Pursuant to Regulation 7(2) read with Regulation 6(2) - Continual Disclosure of SEBI (Prohibition of Insider Trading) Regulations, 2015, We, M/s. Aksara Commercial Private Limited, Promoter Group, hereby Disclose Sale of Equity Shares held in M/s. India Power Corporation Limited (Formerly: DPSC Limited) (Target Company). This is for your information and records. Thanking you. For AKSARA COMMERCIAL PRIVATE LIMITED Encl.: as above FORMC SEBI (Prohibition of Insider Trading) Regulations, 2015 [Regulation 7(2) read with Regulation 6(2) - Continual Disclosure] Name of the company: INDIA POWER CORPORATION LIMITED (formerly DPSC Limited) {NSE-DPSCLTD I MSEI-DPSCLTD) ISIN of the company: INE360C01024 Details of change in holding of Securities of Premeter, Member of the Promoter Group, Designated Persen er DireGter of a listed company and immediate relatives ef SUGA persens and ether SUGA persens 3s mentioned in Regulation 6(2) ame, PAN, Category Securities held prior to Securities aGquired/Disposed Securities held post Date of Date of Mode of Exchange CIN/DIN & of Person aGquisitien/disposal aGq uisitien/disposal alletrnent intimation aGquisitien on which address with (Promoter adviGe,laGquisiUen ef to company I the trade contact nos. I ~/ disposal of disposal was Member shares, specify (on executed of the market/p Type of No.& %of Type No. Value Transact Type of No.and From To promoter ublic/ security (For shareholding of ion Type security % ofshareho group/De rights/ eg. security (Purchase (For eg. - lding signated preferenti - Shares, (For eg. - / Sale/ Shares, person I al offer/ Warrants, Shares, Pledge/ Warrants, Directors Convertibl Warrants, Revocatio Convertibl off immediat e market/ Convertib n/ e e relative/ lnter-se Debenture le lnvocatio Debentur others etc.) transfer, s, Rights Debentur n / Others es, Rights ESOPs entitleme es, Rights -please entitleme etc.) nts etc.) entitleme specify) nts etc.) nts etc.) 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 AKSARA Promoter Shares 5,98,05,975 Shares 50,000 Rs. 3,52, 776/- Sale Shares 5,97,55,975 18-08-2026 18-08-2026 20-08-2026 On Market National !COMMERCIAL group (6.14%) nos. (6.13%) Stock PRIVATE Exchange LIMITED of India PAN AAICA0580E Limited (NSE) µS1909WB2009PTC1 39234 Address- 3, MIDDLE ROAD HASTINGS !(OLKA TA-700022 Mob.-9831791793 .. . . . Note: ,. nsecurit1esn shall have the meaning as defined under regulation 2{1){i) of SEBI {Proh1b1t1on of Insider Trading) Regulations, 2015. f ii. Value of transaction excludes taxes/brokerage/any other charges. For Aks.~ra Pvt. Ltd. ...........~ .~d.':J.: .................................................... __,.;,/j/..c,r/ Au tho ri sed Signatory Name & Signature: Sandip Kumar Agarwala I Designation: Director (DIN 03050657) Aksara Commercial Private Limited I Date: [Showing first 8,000 characters — download PDF for full document]