Reliance Power Limited — Important, 28-03-2025: Updates

Reliance Power Limited has received rejections from both the National Stock Exchange (NSE) and BSE regarding its application to reclassify promoters to the public category. The exchanges determined that the company does not comply with the relevant SEBI regulations, specifically stating that promoters and related individuals seeking reclassification must not exercise control over the company's affairs. In light of these developments, Reliance Power is taking steps to appeal the rejections and is making representations to the stock exchanges to reconsider their decision. This situation presents both risks and uncertainties for the company's control structure and future strategic directions. Investors should watch closely for updates, as this could impact market perception and share performance.