JSW Energy Limited — Others, 06-12-2024: Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company

JSW Energy Limited has reported a material litigation regarding a Power Purchase Agreement with Maharashtra State Electricity Distribution Company Limited (MSEDCL) for the supply of 300 MW power from Unit-1 at Ratnagiri. The Maharashtra Electricity Regulatory Commission (MERC) ruled that a Central Government directive was not applicable to the unit, yet MSEDCL continues to pay invoices based on this directive. As a result, JSW Energy has filed a petition with MERC to resolve this dispute. This situation may create a potential risk for the company's cash flow, impacting investor sentiment negatively until clarity is achieved.