Date: 29th September 2026

Rating Assignment Disclosure

India Ratings and Research (Ind-Ra) has assigned a credit rating of "IND A+/Stable" to the bank loan facilities of JSW Thermal Energy Limited. JSW Thermal Energy Limited is identified as a wholly owned subsidiary of JSW Energy Limited. The rating assignment was officially released by India Ratings on 29th September 2026.

The disclosure is made pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The official press release containing details of the rating is available on the India Ratings website at www.indiaratings.co.in.