Updates

JAIPRAKASH POWER VENTURES LIMITED Ref: JPVL:SEC:2026 7th July, 2026 The Manager The Manager Listing Department Listing Department National Stock Exchange of India Ltd. BSE Limited "Exchange Plaza", C-1, Block G 25th Floor, New Trading Ring Bandra-Kurla Complex Rotunda Building Bandra (E) P J Towers, Dalal Street, Mumbai - 400 051 Fort Mumbai - 400 001 Scrip Code: JPPOWER Scrip Code: 532627 Sub: Corrigendum to the Notice of 31st Annual General Meeting for the Financial Year 2025-26 Dear Sir, This is in furtherance to our letter dated 4th July, 2026 wherein the Company had submitted its Annual Report for FY 2025-26 along with the Notice of the 31st Annual General Meeting ("AGM") to be held on Thursday, 30th July, 2026 at 11:30 A.M. (IST) via Video Conference/ Other Audio-Visual Means. Kindly note that certain inadvertent typo-errors were noticed in the AGM Notice of the Annual Report: (i) on Page no. 16 in the heading of the first table, last column “proposed commission” and in the second table in headings “Salaries and Perquisites, Proposed Commission upto and Total,” respectively (ii) on the table given in Page 17 in the last column “Proposed Commission upto” the measurement is mentioned as “Rs. in Lakhs” which should be read as “Rs. in Crores”. The aforesaid Corrigendum shall form an integral part of and should be read in conjunction with the Annual Report for FY 2025-26. In view of the above, we are enclosing herewith the revised Annual Report of the Company for the FY 2025-26 along with the Notice of the 31st AGM. The revised report is also available on the website of the Company at www.jppowerventures.com. Corp. Office 'JA House', 63, Basant Lok, Vasant Vihar, New Delhi - 110 057 (India) Ph.:+91(11) 49828500 Fax:+91(11) 26145289 Regd. Office Complex of Jaypee Nigrie Super Thermal Power Plant, Nigrie Tehsil Sarai, Distt. Singrauli - 486669,(M.P.) Ph. : +91 (7801) 286021-39 Fax : +91 (7801) 286020 E-mail : jpvl.investor@jalindia.co.in, Website : www.jppowerventures.com CIN : L40101MP1994PLC042920 JAIPRAKASH POWER VENTURES LIMITED There is no change in Annual Report other than the mentioned above. This is for your information and records. Thanking you, Yours faithfully, For Jaiprakash Power Ventures Limited (Mahesh Chaturvedi) G.M. & Company Secretary FCS: 3188 Encl: As above Corp. Office 'JA House', 63, Basant Lok, Vasant Vihar, New Delhi - 110 057 (India) Ph.:+91(11) 49828500 Fax:+91(11) 26145289 Regd. Office Complex of Jaypee Nigrie Super Thermal Power Plant, Nigrie Tehsil Sarai, Distt. Singrauli - 486669,(M.P.) Ph. : +91 (7801) 286021-39 Fax : +91 (7801) 286020 E-mail : jpvl.investor@jalindia.co.in, Website : www.jppowerventures.com CIN : L40101MP1994PLC042920 Company Secretary Board of Directors Mahesh Chaturvedi G.M. & Company Secretary Savan Jayendra Patel, Whole Time Director (from 22.5.2026) Statutory Auditors Jayadeb Nanda, Non-Executive Director (from 22.5.2026) M/s. Lodha & Co. LLP, Naresh Telgu, Non-Executive Director (from 22.5.2026) Chartered Accountants, New Delhi Manoj Gaur, Non-Executive Director Internal Auditors Sudhir Mital, Independent Director M/s. R. Nagpal Associates, Binata Sengupta, Independent Director Chartered Accountants, New Delhi Vandana R. Singh, Independent Director Secretarial Auditors Sunil Kumar Sharma, (Till 22.5.2026) M/s VLA & Associates, Practicing Company Secretaries, New Delhi Suren Jain, (Till 22.5.2026) Cost Auditors Praveen Kumar Singh, (Till 22.5.2026) M/s Sanjay Gupta & Associates Dinesh Kumar Likhi, (Till 22.5.2026) Cost Accountants, Delhi Suresh Chandra Saxena, (Till 22.5.2026) Registrar & Transfer Agents Anupam Lal Das, (Till 10.09.2025) Alankit Assignments Limited Alankit House, 2E/21 Jhandewalan Extension New Delhi 110 055 Contents Page No. Phone: +91 11 42541234, 23541234 Notice of Annual General Meeting 2-24 Fax: +91 11 23552001 Directors’ Report 25-58 Website: www.alankit.com; E-mail: info@alankit.com Addendum to Directors’ Report 59 Bankers/Lenders Report on Corporate Governance 60-77 Indian Bank Indian Overseas Bank Declaration by the Managing Director & CEO 78 Bank of Baroda Jammu & Kashmir Bank Ltd Auditors’ Certificate on Corporate Governance 79 Bank of Maharashtra Life Insurance Corporation Management Discussion & Analysis Report 80-82 Canara Bank of India Business Responsibility & Sustainability Report 83-120 Central Bank of India Punjab National Bank ICICI Bank Ltd State Bank of India Financials IDBI Bank Ltd UCO Bank Standalone Financial Statements India SME ARC Union Bank of India Independent Auditors’ Report 121-133 Balance Sheet 134 Registered Office Statement of Profit and Loss 135 Jaiprakash Power Ventures Limited Statement of Changes in Equity 136 CIN: L40101MP1994PLC042920 Cash Flow Statement 137 Complex of Jaypee Nigrie Super Thermal Power Plant, Nigrie, Tehsil Sarai, Dist. Singrauli 486669 (M. P.) Notes to Financial Statements (1 to 71) 138-178 Phone: +91 (7801) 286021-39; Consolidated Financial Statements Fax: +91 (7801) 286020 Independent Auditors’ Report 179-190 Corporate Office Balance Sheet 191 ‘JA House’, 63, Basant Lok, Vasant Vihar, New Delhi 110057 Statement of Profit and Loss 192 Phone: +91 11 49828500, Fax: +91 11 26145389 Statement of Changes in Equity 193 Website: www.jppowerventures.com Cash Flow Statement 194-195 E-mail: jpvl.investor@jalindia.co.in Notes to Consolidated Financial Statements (1 to 73) 196-226 Key developments post April 1, 2026 On 3rd June, 2024, the Hon’ble National Company Law Tribunal, Allahabad Bench, had admitted Jaiprakash Associates Limited (JAL) (the erstwhile promoter company of the Company, which held 24% stake in the Company) in Corporate Insolvency Resolution Process (CIRP) and appointment of Interim Resolution Professional under Section 7 of the Insolvency and Bankruptcy Code, 2016. The Hon’ble National Company Law Tribunal, Allahabad Bench, pronounced an order dated 17th March, 2026 approving the resolution plan submitted by M/s Adani Enterprises Limited (AEL - the successful Resolution Applicant) with respect to the insolvency process of JAL. Upon an appeal filed by one of the unsuccessful bidder, the said order was upheld by the Hon’ble National Company Law Appellate Tribunal (“NCLAT”). As per the approved Resolution Plan, AEL was allowed to nominate one or more implementing entity to implement the said Resolution Plan. In furtherance to the above, Adani Power Limited (“APL”), a nominated implementing entity, acquired 24% stake in the Company from JAL, and as such the Company has now become an associate of APL. APL is a leading power generation company, and the stake acquisition is expected to benefit the Company by utilising the expertise of APL to improve operational efficiency, elevate the Company’s technological capabilities, governance standards and long-term competitiveness and accelerate our growth trajectory. ANNUAL REPORT 2025-26 1 CIN: L40101MP1994PLC042920 Registered Office: Complex of Jaypee Nigrie Super Thermal Power Plant, Nigrie,Tehsil Sarai, Dist. Singrauli 486669 (M.P.) Phone : +91 (7801) 286021-39; Fax: +91 (7801) 286020 Corporate Office : ‘JA House’, 63, Basant Lok, Vasant Vihar, New Delhi- 110057 Phone : +91 (011) 49828500; Fax: +91 (11) 26145389 Website : www.jppowerventures.com E-mail : jpvl.investor@jalindia.co.in NOTICE OF ANNUAL GENERAL MEETING NOTICE is hereby given that the Thirty First Annual To consider the appointment of Shri Savan Jayendra General Meeting of the members of JAIPRAKASH POWER Patel as an Executive Director designated as Whole-time VENTURES LIMITED will be held on Thursday 30th July, 2026 Director of the Company and, in this regard, if thought fit, to at 11:30 A.M. through Video Conferencing (VC)/Other Audio pass the following Resolution as an Ordinary Resolution: Visual Means (OAVM) to transact the following business: “RESOLVED THAT pursuant to the provisions of Sections ORDINARY BUSINESS: 152, 161, 196, 197, 198, 203 read with Schedule V and 1. To receive, consider and adopt the [Showing first 8,000 characters — download PDF for full document]