Jaiprakash Power Ventures 31st AGM Director Appointments

Meeting Date: Thursday, 30th July, 2026
Time: 11:30 A.M. IST
Mode: Video Conference (VC)/Other Audio Visual Means (OAVM)
Cut-off Date: Thursday, 23rd July, 2026 for determining shareholders eligible to vote
Voting Period: Remote e-voting from 27th July, 2026 (9:00 A.M.) to 29th July, 2026 (5:00 P.M.)
Scrutinizer: Shri Amit Agarwal, Practising Company Secretary (FCS 5311)
Alternate Scrutinizer: Shri Vishal Lochan Aggarwal, Practising Company Secretary (FCS 7241)

1. Adoption of Financial Statements

To receive, consider and adopt Audited Standalone and Consolidated Financial Statements for FY ended 31st March, 2026
Includes Auditors' Report and Board of Directors' Report
Requires Ordinary Resolution

2. Ratification of Cost Auditors Remuneration for FY 2026-27

Cost Auditor: M/s. Sanjay Gupta & Associates, Cost Accountants (Firm Registration Number 000212)
Remuneration: ₹2,00,000/- (Rupees Two Lakhs only) exclusive of applicable Tax/GST and out-of-pocket expenses
Scope: Audit of cost records for Power Generation and Cement Grinding Unit
Board appointed on 4th May 2026 based on Audit Committee recommendation
Requires Ordinary Resolution

3. Appointment of Shri Savan Jayendra Patel (DIN: 02687808) as Executive Director (Whole-time Director)

Tenure: 3 years from 22nd May, 2026 to 21st May, 2029
Background: Chartered Accountant, Chief Commercial Officer of Adani Power Limited, nearly three decades of experience in Adani Group
Role: Responsible for strategic procurement of domestic/imported coal, power sales, scheduling operations, business development
Remuneration: Not entitled to any remuneration, commission, sitting fees, perquisites or reimbursement of expenses
Originally appointed as Additional Director on 22nd May, 2026
Requires Ordinary Resolution

4. Appointment of Shri Jayadeb Nanda (DIN: 06578925) as Non-Executive, Non-Independent Director

Background: Power sector professional with 34 years experience, former Advisor – Operations & Maintenance and Chief Operating Officer at Adani Power Limited
Qualifications: Bachelor's Degree in Electrical Engineering from Sambalpur University
Remuneration: Not entitled to any commission, sitting fees or reimbursement of expenses
Originally appointed as Additional Director on 22nd May, 2026
Requires Ordinary Resolution

5. Appointment of Shri Naresh Telgu (DIN: 01994368) as Non-Executive, Non-Independent Director

Background: Energy sector professional with three decades experience, leading Adani Group's pumped storage and hydro power projects
Remuneration: Not entitled to any remuneration, commission, sitting fees, perquisites or reimbursement of expenses
Originally appointed as Additional Director on 22nd May, 2026
Requires Ordinary Resolution

6. Appointment of Smt. Shruti Anup Shah (DIN: 08337714) as Independent Director

Tenure: 3 years from 1st July, 2026 to 30th June, 2029
Background: Chartered Accountant, Partner at Pravin P. Shah & Company, 15+ years experience in taxation and advisory services
Current Directorships: Balkrishna Industries Limited, Kalyani Steels Ltd., Kalyani Investment Company Limited, Orient Cement Limited, Ajmera Realty & Infra India Limited, ACC Limited
Qualifications: Commerce graduate from NM College, Law graduate from Jitendra Chauhan College of Law
Requires Special Resolution

7. Appointment of Shri Jayant Misra (DIN: 11277894) as Independent Director

Tenure: 3 years from 1st July, 2026 to 30th June, 2029
Background: IRS (retired), former Chairman of Settlement Commission (Customs, Excise and Service Tax), former Director General of Revenue Intelligence
Qualifications: MA, MBA (Finance), LLB
Current Directorship: Gujarat State Petronet Limited
Requires Special Resolution

8. Appointment of Shri Mukesh M. Shah (DIN: 00084402) as Independent Director

Tenure: 3 years from 1st November, 2026 to 31st October, 2029
Background: Chartered Accountant, Founder and Managing Partner of Mukesh M. Shah & Co.
Current Age: 73 years (will attain 75 years during tenure)
Special Approval: Requires special resolution for continuation beyond 75 years as per Regulation 17(1A) of SEBI LODR
Current Directorships: Multiple Adani Group entities including Adani Total Gas Limited, Adani Solar Energy companies
Requires Special Resolution

9. Payment of Commission to Former Executive Directors for FY 2025-26

10. Payment of Commission to Non-Executive Directors for FY 2025-26

Recipients: 6 Non-Executive Directors including former directors
Statutory Limit: 1% of net profits under Section 197 of Companies Act
Details: Shri Manoj Gaur, Smt. Binata Sengupta, Dr. Vandana R. Singh, Shri Sudhir Mital, Dr. Dinesh Kumar Likhi, Prof. Suresh Chandra Saxena
Requires Ordinary Resolution

11. Special Payment to Former Chairman Manoj Gaur

Amount: ₹4.00 crore commission
Rationale: Exceeds 50% of total commission payable to all Non-Executive Directors
Background: Longest serving director, played significant role in establishing hydro and thermal power projects
Requires Special Resolution

Former Executive Directors:

Former Chairman:

Shri Manoj Gaur: 41,400 equity shares, 41 years experience, Civil Engineering degree from BITS Pilani

Remote e-voting: Through CDSL platform from 27th to 29th July 2026
AGM voting: Electronic voting during meeting for shareholders who haven't voted remotely
Physical shareholders: Must update email addresses with Company/RTA
Demat shareholders: Can vote through depository platforms (CDSL/NSDL)