Adani Power Approved as GVK Energy Resolution Applicant

Date: September 7, 2026

Board Meeting Outcomes

• The Committee of Creditors (COC) of GVK Energy Limited (GVKEL), a company undergoing Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code 2016 (IBC), has approved the Resolution Plan submitted by Adani Power Limited (APL).
• Adani Power Limited received a Letter of Intent (LOI) from the Resolution Professional (RP) on September 07, 2026, at 9.35 a.m.

Disinvestment / Strategic Actions

• GVKEL owns and operates a 330 MW hydroelectric power plant located in Uttarakhand through its subsidiary Alaknanda Hydro Power Company Limited.
• The implementation of the resolution plan is subject to the terms of the LOI and requisite approvals from the National Company Law Tribunal, Hyderabad and/or any other regulatory authority/courts/tribunal under applicable laws.

Other Operational / Legal / Strategic Disclosures

• This disclosure is made under Regulation 30 of SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015.
• The announcement was addressed to BSE Limited and National Stock Exchange of India Limited for information and record.