Adani Power : NCLT/ Court Convened Meeting

Sub.: Proceedings of the Hon'ble National Company Law Tribunal ('NCLT') convened separate meetings of the Equity Shareholders and Secured Creditors of the Company held on November 1, 2022 pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ('SEBI Listing Regulations').

Dear Sir/Madam,

Pursuant to the order dated September 20, 2022 read with the order dated October 12, 2022, passed by the NCLT, Ahmedabad Bench ("Order"), the separate meetings of the Equity Shareholders and Secured Creditors of Adani Power Limited (the "Company") were held on Tuesday, November 1, 2022 at 10:00 a.m. and 4:15 p.m., respectively through Video Conference / Other Audio-Visual Means for approving the Scheme of Amalgamation of Adani Power Maharashtra Limited and Adani Power Rajasthan Limited and Udupi Power Corporation Limited and Raipur Energen Limited and Raigarh Energy Generation Limited and Adani Power (Mundra) Limited with Adani Power Limited ("Scheme").

In compliance with the Order and also in compliance with the provisions of Section 230 read with other applicable provisions of the Companies Act, 2013 and Rules made thereunder and Regulation 44 of the SEBI Listing Regulations and other applicable regulations, the Company has provided facility to the Equity Shareholders and Secured Creditors of the Company to cast their votes through remote e-voting during the period commenced from Thursday, 27th October 2022 at 9.00 a.m. and ended on Monday, 31st October 2022 at 5.00 p.m. IST.

In case of Meeting of Equity Shareholders, e-voting facility at the meeting held on 1st November, 2022 at 10:00 a.m. was also provided as per the provisions of the Companies Act, 2013.

While in case of the meeting of Secured Creditors of the Company held on Tuesday, 1st November, 2022 at 4:15 p.m., The Chairman of the NCLT convened meeting of the secured creditors of the Company has received letters from five (5) secured creditors out of 7 (Seven) secured creditors of the Company requested for adjournment of the meeting as the secured creditors are in the process of obtaining

Registered Office: "Adani Corporate House", Shantigram, Near Vaishno Devi Circle, S. G. Highway, Khodiyar, Ahmedabad-382421

approval from their respective competent authorities for the Scheme which may take some time. All the 5 (Five) secured creditors out of 6 (six) secured creditors present at the time of the meeting voted for adjournment of the meeting and accordingly it was adjourned by the Chairman of the Meeting, which is now scheduled to be held on Tuesday, 29th November 2022 at 4:15 p.m. through VC/OAVM,

Details of voting results for the meeting of Equity Shareholders as required under Regulation 44(3) of the SEBI Listing Regulations will be separately submitted.

Kindly take the same on record.

Thanking you.

Yours faithfully,

For Adani Power Limited

Deepak S Pandya

Company Secretary

Registered Office: "Adani Corporate House", Shantigram, Near Vaishno Devi Circle, S. G. Highway, Khodiyar, Ahmedabad-382421