As per the annexures.

E D C L H O U S E 1 A, ELGIN ROAD K O L K A T A – 7 0 0 0 2 0 TEL : 033-4041 1983 / 1990 FAX :033- 2290 3298 CIN: L85110KA1995PLC017003 e-mail:edclcal@edclgroup.com website : www.edclgroup.com Ref : EDCL/SE/Comp./2026-27/016 Date : 28th September, 2025 1. The Manager, 2. The Secretary, Department of Corporate Services National Stock Exchange of India Ltd. BSE Limited, “Exchange Plaza”, Phiroze Jeejeebhoy Towers, 25th Floor, Bandra – Kurla Complex, Bandra (E), Dalal Street, Mumbai – 400 001 Mumbai – 400 051 Dear Sir, Sub : Annual Report & Accounts 2025 - 26 In terms of Regulations 30 and 34 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed herewith a copy of Annual Report & Accounts 2025 – 26 along with the Notice convening the 31st Annual General Meeting of the Company to be held on Saturday the 26th September, 2026. The aforesaid Report and Accounts along with Notice are also being uploaded on the Company's corporate website i.e. www.edclgroup.com. Kindly incorporate the same in your records. Thanking you, Yours faithfully, for Energy Development Company Limited SNEHA NAREDI (Company Secretary & Compliance Officer) Enclosed : as above Energy Development Company Limited Annual Report & Accounts 2025-2026 97477 39339 TNIRPresaL Energy Development Company Limited 'EDCL House', 1A Elgin Road, Kolkata - 700 020 Energy Development Company Limited Annual Report Accounts 2025-2026 Energy Development Company Limited CIN : L85110KA1995PLC017003 31ST ANNUAL REPORT & ACCOUNTS CONTENTS 2025 - 2026 Corporate Information 3 Notice 4 Directors’ Report 14 Management Discussion & Analysis Report 24 Report on Corporate Governance 28 Declaration by the Executive Director 44 on the Code of Conduct CEO / CFO Certification 45 Auditors’ Certificate on Corporate Governance 46 ENERGY DEVELOPMENT AOC 1 - Salient Features of the Financial 48 COMPANY LIMITED Statement of Subsidiaries Secretarial Audit Report 50 Detail pertaining to Remuneration 53 Conservation of Energy, Technology Absorption, 54 Foreign Exchange Earning and Outgo etc. Financial Statements Independent Auditors’ Report 55 Annual General Meeting on Saturday, Standalone Balance Sheet 68 Standalone Statement of Profit & Loss 69 the 26th day of September, 2026 at 12:30 Standalone Cash Flow Statement 71 P.M. at Harangi Hydro Electric Project, Notes on Standalone Financial Statements 73 Vill. - Hulugunda, Taluka - Somawarpet, Consolidated Financial Statement with District - Kodagu, Karnataka - 571 233. Auditors’ Report 120 Annual Report & Accounts 2025-2026 | 1 Energy Development Company Limited CIN : L85110KA1995PLC017003 CORPORATE INFORMATION BOARD OF DIRECTORS Chairperson Audit Commi(cid:308)ee Mr. Nitin Du(cid:308) Sharma (Non-Executive) Mr. Aman Jain (Chairperson) Ms. Vandana Executive Director Mrs. Pankaja Kumari Singh Mr. Satyendra Pal Singh Stakeholders Relationship Commi(cid:308)ee Directors Mrs. Pankaja Kumari Singh (Chairperson) Mrs. Pankaja Kumari Singh Mr. Satyendra Pal Singh Mr. Aman Jain Mr. Aman Jain Ms. Disha Kumari Singh Ms. Vandana Mr. Dharam Vir Sharma Ms. Vandana Nomination and Remuneration Commi(cid:308)ee Chief Financial Officer Ms. Vandana (Chairperson) Mr. Prabir Goswami Mr. Aman Jain Mrs. Pankaja Kumari Singh Company Secretary Ms. Sneha Naredi Principal Bankers Statutory Auditors Indian Bank M/s. A L P S & Co. The Ratnakar Bank Limited Chartered Accountants Yes Bank Limited Registered Office Registrar and Share Transfer Agent Harangi Hydro Electric Project Niche Technologies Private Limited Village - Hulugunda, Taluka - Somawarpet 3A, Auckland Place, District - Kodagu, Karnataka - 571 233 7th Floor, Room No. 7A & 7B Phone : (08276) 277040; Fax : (08276) 277012 Kolkata - 700 017 E-mail : edclhhep@gmail.com Phone: (033) 2280 6616 / 6617 / 6618 www.edclgroup.com Email ID: nichetechpl@nichetechpl.com Corporate Office EDCL HOUSE Stock Exchanges where Company’s Shares are listed 1A, Elgin Road, Kolkata - 700 020 BSE Limited Phone : (033) 4041 1983 / 1990 Fax : (033) 2290 3298 National Stock Exchange of India Limited E-mail : secretarial@edclgroup.com Website : www.edclgroup.com CIN : L85110KA1995PLC017003 Annual Report & Accounts 2025-2026 | 3 Energy Development Company Limited CIN : L85110KA1995PLC017003 NOTICE TO THE MEMBERS Notice is hereby given that the 31st Annual General Meeting of the Members of ENERGY DEVELOPMENT COMPANY LIMITED (CIN : L85110KA1995PLC017003) (the Company) will be held on Saturday, the September 26, 2026 at 12:30 PM at its Registered Office at Harangi Hydroelectric Project, Village – Hulugunda, Taluka – Somawarpet, District – Kodagu, Karnataka – 571 233 along with the facility to participate through video conferencing (VC) or other audio visual means (OAVM), to transact the following businesses : ORDINARY BUSINESS: 1. To consider and adopt (a) the Audited Standalone Financial Statements of the Company for the financial year ended March 31, 2026 together with the Reports of the Board of Directors and the Auditors thereon and (b) the Audited Consolidated Financial Statements of the Company for the financial year ended March 31, 2026 together with the Report of the Auditors thereon. 2. To appoint a Director in place of Ms. Disha Kumari Singh (DIN: 09092385), who retires by rotation and being eligible, offers herself for re-appointment. SPECIAL BUSINESS: 3. Ratification of Cost Auditors’ remuneration To ratify the remuneration of the Cost Auditors for the financial year ending on March 31, 2027 and in this regard to consider and if thought fit, to pass the following resolution as an Ordinary Resolution: “RESOLVED THAT pursuant to the provisions of Section 148 and other applicable provisions of the Companies Act, 2013 read with Rules made thereunder(including any statutory modification(s) or re-enactment(s) thereof for the time being in force), the Company hereby ratifies the remuneration of M/s. N. Radhakrishnan & Co., Cost Auditors, appointed by the Board of Directors to conduct the audit of the cost records of the Company for the financial year ending on March 31, 2027 at a remuneration of ` 60,000/- (Rupees Sixty Thousand only), plus applicable taxes and re-imbursement of out of pocket expenses, if any.” “RESOLVED FURTHER THAT the Board of Directors be and is hereby authorized to do all such acts and take all such steps as may be deemed necessary, proper or expedient to give effect to this resolution.” Date : August 10, 2026 By Order of the Board Place : Kolkata For Energy Development Company Limited Corporate Office : Sd/- “EDCL House” Sneha Naredi 1A, Elgin Road, (Company Secretary) Kolkata – 700 020 (Membership No. : A-54212) NOTES: 1) The Ministry of Corporate Affairs (“MCA”), vide General Circulars No. 14/2020 dated April 08, 2020, No. 17/2020 dated April 13, 2020, No. 20/2020 dated 5th May 2020 and subsequent circulars issued in this regard by the MCA, the latest being No. 03/2025 dated 22nd September 2025, (collectively referred to as “MCA Circulars”) and Regulation 44 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements), Regulations, 2015 (LODR Regulations), permits the companies to hold the Annual General Meeting through video conferencing or other audio visual means. 2) In compliance with the applicable provisions of the Companies Act, 2013 read with the aforesaid MCA Circulars and the LODR Regulations, the 31st Annual General Meeting of the Company will be held in hybrid mode viz., the eligible Members may a(cid:308)end the Meeting physically at the venue of the meeting or may also a(cid:308)end from anywhere through video conferencing or other audio visual means. 4 | Annual Report & Accounts 2025-2026 Energy Development Company Limited CIN : L85110KA1995PLC017003 3) A MEMBER ENTITLED TO ATTEND AND VOTE AT THE ANNUAL GENERAL MEETING IS ENTITLED TO APPOINT A PROXY TO ATTEND AND VOTE INSTEAD OF HIMSELF/HERSELF. A PROXY NEED NOT TO BE A MEMBER OF THE COMPANY. PROXIES [Showing first 8,000 characters — download PDF for full document]