Reliance Power Limited — Others, 01-07-2025: Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company

Reliance Power’s subsidiary, Samalkot Power Limited, has initiated arbitration against US Exim Bank and Citibank before the London Court of International Arbitration, disputing that the debt under their credit and marketing agreements is currently due. The company has informed the lenders that since the debt is not payable now and there is no default, its guarantee cannot be called upon. This move protects Reliance Power from immediate financial liability and addresses a key dispute impacting its subsidiary’s debt obligations.