Interim report
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CIN: L40101HR1975GOI032564 हįरत ऊजाŊ का सशƅ आधार क ं पनी सिचवालय Company Secretariat एनएचपीसी ऑिफस कॉ̱ɘेƛ, सैƃर-33, NHPC Office Complex, Sector-33, फ़रीदाबाद (हįरयाणा) – 121003 Faridabad (Haryana)-121003 फोन/Phone: 0129-2588110, 2278018 ईमेल/Email:cs-co@nhpc.in companysecretary@nhpc.in संदभ[ सं./Ref. No. NH/CS/199 Corporate Relationship Department/ कॉपȾरेट संबंध ͪवभाग, M/s BSE Limited/ बीएसई ͧलͧमटेड, Phiroze Jeejeebhoy Towers / ͩफरोज जीजीभोय टावस[, Dalal Street,/दलाल èĚȣट, Mumbai/ मुंबई -400 001 Scrip Code: 533098 Listing Department/ ͧलिèटंग ͪवभाग, M/s National Stock Exchange of India Limited/ नेशनल èटॉक एÈसचɅज ऑफ इंͫडया ͧलͧमटेड, Exchange Plaza, Bandra Kurla Complex/ एÈसचɅज Üलाजा, बांġा कुला[ कॉàÜलेÈस, Bandra (E)/ बांġा (ई), Mumbai/ मुंबई - 400 051 Scrip Code: NHPC ISIN No. INE848E01016 Sub: Outcome of meeting of Board of Directors of NHPC Limited held on Wednesday, November 04, 2026 ͪवषय: एनएचपीसी ͧलͧमटेड के Ǔनदेशक मंडल कȧ बुधवार,04 नवàबर, 2026 को आयोिजत बैठक का पǐरणाम Sirs/महोदय, In continuation to our intimation dated 16.10.2026 and in compliance to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, it is to inform that the Board of Directors of NHPC Limited in its meeting held today i.e. Wednesday, November 04, 2026 (meeting commenced at 04:40 P.M. and concluded at 05:45 P.M.) has considered and approved the Un-audited (standalone and consolidated) financial results of the Company for the quarter and half year ended on September 30, 2026, after review by the Audit Committee. A copy of the un-audited financial results along with Limited Review Report issued by Joint Statutory Auditors of the Company is enclosed herewith. The information as required under Regulation 52(4) of SEBI (LODR) Regulations, 2015 is covered in the Un-audited Financial Results (Standalone and Consolidated) submitted herewith. Further, the following are also submitted herewith: 1. Statutory Auditors’ Certificate with respect to listed debt securities of the Company as on 30th September, 2026, in terms of Regulation 54 read with Regulation 56(1)(d) of the SEBI (LODR) Regulations, 2015. 2. Statement indicating no deviation or variation in the use of proceeds of issue of non-convertible securities for the quarter ended on 30th September, 2026, in terms of Regulation 52(7) and 52(7A) of the SEBI (LODR) Regulations, 2015. 3. Statement for disclosing outstanding default on loans and debt securities: N.A as there is no default in the payment of outstanding Loans and debt securities. This is for your information and record. हमारे Ǒदनांक 16.10.2026 कȧ सूचना के Đम मे और सेबी [सूचीबɮधता (ͧलिèटंग) बाÚयताएँ और Ĥकटȣकरण अपे¢ाएँ] ͪवǓनयम, 2015 के ͪवǓनयम 30 के अनुसार यह सूͬचत ͩकया जाता है ͩक एनएचपीसी ͧलͧमटेड के Ǔनदेशक मंडल ने आज याǓन बुधवार, 04 नवàबर, 2026 (शाम 4:40 बजे शुǾ और शाम 05:45 बजे समाÜत) को हुई बैठक मे अÛय मदɉ के साथ-साथ 30 ͧसतंबर, 2026 को समाÜत हुई Ǔतमाहȣ और छमाहȣ के अनअंकेͯ¢त (èटɇडअलोन और समेͩकत) ͪवƣीय पǐरणाम पर ͪवचार और अनुमोदन ͩकया है। कंपनी के संयुÈत सांͪवͬधक लेखा परȣ¢कɉ ɮवारा जारȣ सीͧमत समी¢ा ǐरपोट[ के साथ अनअंकेͯ¢त ͪवƣीय पǐरणामɉ कȧ ĤǓत संलÊन है। सेबी (एलओडीआर) ͪवǓनयम, 2015 के ͪवǓनयम 52(4) के तहत आवæयक जानकारȣ, अनअंकेͯ¢त ͪवƣीय पǐरणाम (èटɇडअलोन और समेͩकत) मɅ शाͧमल है। इसके अलावा, Ǔनàनͧलͨखत भी Ĥèतुत ͩकए गए हɇ:
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CIN: L40101HR1975GOI032564 हįरत ऊजाŊ का सशƅ आधार क ं पनी सिचवालय Company Secretariat एनएचपीसी ऑिफस कॉ̱ɘेƛ, सैƃर-33, NHPC Office Complex, Sector-33, फ़रीदाबाद (हįरयाणा) – 121003 Faridabad (Haryana)-121003 फोन/Phone: 0129-2588110, 2278018 ईमेल/Email:cs-co@nhpc.in companysecretary@nhpc.in 1. सेबी [सूचीबɮधता (ͧलिèटंग) बाÚयताएँ और Ĥकटȣकरण अपे¢ाएँ] ͪवǓनयम, 2015 के ͪवǓनयम 56(1)(डी) के साथ पढ़े गए ͪवǓनयम 54 के संदभ[ मɅ, 30 ͧसतंबर, 2026 तक कंपनी कȧ सूचीबɮध ऋण ĤǓतभूǓतयɉ के संबंध मɅ वैधाǓनक लेखा परȣ¢कɉ का Ĥमाणपğ। 2. सेबी [सूचीबɮधता (ͧलिèटंग) बाÚयताएँ और Ĥकटȣकरण अपे¢ाएँ] ͪवǓनयम, 2015 के ͪवǓनयमन 52(7) और 52(7ए) के संदभ[ मɅ, 30 ͧसतंबर, 2026 को समाÜत Ǔतमाहȣ के ͧलए गैर पǐरवत[नीय ĤǓतभूǓतयɉ के जारȣ होने कȧ आय के उपयोग मɅ कोई ͪवचलन या ͧभÛनता नहȣं दशा[ने वाला ͪववरण। 3. ऋण और ऋण ĤǓतभूǓतयɉ पर बकाया चूक का खुलासा करने का ĤाǾप: लागू नहȣं, Èयɉͩक बकाया ऋण और ऋण ĤǓतभूǓतयɉ के भुगतान मɅ कोई चूक नहȣं है। यह आपकȧ जानकारȣ और ǐरकॉड[ के ͧलए है। धÛयवाद, भवदȣय, (Ǿपा देब) कंपनी सͬचव संलÊन : उपरोकतानुसार
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Dharam Raj & Co Chartered Accountants Sunil Choudhary House Ambika Yihar, Kunjwani Bypas Post Office Gangyal, Jammu-1800 I 0, Jamrnu & Kashmir S Jaykishan Chartered Accountants 12, Ho Chi Minh Sarani Suite No. 2d, 2e, 2f 2nd Floor, Kolkata-70007 1, West Bengal Vinod Kumar & Associates Chartered Accountants 503, Chiranjiv Tower, 43 Nehru Place, New Delhi - 110019 INDEPENDENT AUDITORS' LIMITED REVIEW REPORT ON THE UNA UDITED STANDALONE FINANCIAL RESULTS FOR THE QUARTER AND HALF YEAR ENDED 301h SEPTEMBER 2026 To The Board of Directors , NHPC Limited I. We have reviewed the accompanying Statement of Unaudited Standalone Financial Results of NHPC Limited ("the Company") for the quarter and half year ended 30 September 2026 ("'the Statement"), being submitted by the Company pursuant to the requirement of Regulations 33 and 52 of the Securities and Exchange Board of Jndia ("the SEBI") (Listing Obligations and Disclosure Requirements) Regulations, 20 15, as amended ("the Listing Regulations"). 2. This Statement, which is the responsibility of the Company's Management and approved by the Board of Directors. has been prepared in accordance with the recognition and measurement principles laid down in the Indian Accounting Standard 34 .. Interim Financial Reporting" (Ind AS 34), prescri bed under section 133 of the Companies Act, 20 13 as amended ("'the Act") read with the relevant rules issued thereunder, other accounting principles and policies generally accepted in India and in compliance with Regulations 33 and 52 of the Listing Regulations. Our responsibility is to express a conclus ion on the Statement based on our revie\ . 3. We conducted our review of the Statement in accordance with the Standard on Review Engagements (S RE) 24 10 ·' Rel'iew of lnteri111 Financial !nfor111atio11 Pe1for111ed by the lndepe11dent Auditor of the Entity". issued by the Institute of Chartered Accountants of India. This standard requires that we plan and perform the review to obtain moderate assurance as to whether the Statement is free of material misstatement. A review of interim financial information consists of making inquiries. primari ly of persons responsible for financial and accounting rnatters. and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Standards on Auditing and consequently does not enable us to obtain assurance that we would becorne aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion. -L Page 1 of 2
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5. Oth er Matter The comparative standalone financial results of the Company for the corresponding quarter ended 30 September 2025, the corresponding year to date results for the period 01 April 2025 to 30 September 2025 and preceding quarter ended 30 June 2026 were reviewed by the then Joint Statutory Auditors of the Company, one of them was the predecessor auditor and the standalone financial statements of the Company for the year ended 31 March 2026 were audited by the then Joint Statutory Auditors of the Company, one of them was the predecessor auditor who expressed an unmodi tied conclusion/ opinion on those standalone financial results and standalone financial statements on 6 November 2025, 4 August 2026 and 15 May 2026 respectively. Our conclusion on the statement is not modified in respect of the aforesaid matter. 'd A ~ ' (Sa ndeep Kumar Agrawa l) Partner Membership No. 088699 UDIN: 26088699EBXXEM3909 Place: Faridabad Dat e: O..J Novem ber 2026 For S Jaykishan Chartered Accountants FRN: 309005 (Rites h Aga n vat:l::='::::-' Partner Membership No. 0624 10 UDIN:260624 lOQWPZEJ1 237 For Vinod Kumar & Assoc iates 1-'J .,,'?'(> (M ukesh Partner Membership No.5 11 74 1 UDlN: 265 11 74 1BGKAQB73 I5 Page 2 of 2
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,. Ill NHPC LIMITED (A Government of India Navratna Enterpris e) CfN: L40IOIH Rl 975GOI03i564 A Navratna Company SECTOR-33, FARIDABAD, HARYANA- 121003 STATEMENT OF STANDALONE UNAUDITE D FINANCIAL RESULTS FOR THE QUARTE R AND HALF YEAR ENDED 30Tll SEPTEM BER 2026 (Rs . In cro re) Quarter Ended Holf Yu r Ended Year Ended SI.No. Particulars 30.09.2026 30.06.2026 30.09.2025 30.09.2026 30.09.2025 31.03.2026 Unaudited Unoudited Unaudited Unaudited Unaudited Audited 1 Income (a) Revenue from Operations (Refer Note 4 and S) 4, 124.77 3,537.04 2,732. 11 7,661.8 1 5,709.54 10,328.26 (b ) Other Income 203.73 205 .27 262.33 409.00 517.77 1,321.84 Tota l Income (a+b) 4,328.50 3,742 .31 2,994.44 8 070.81 6,22 7.31 11,650.10 2 Expeosu (a) Generation Expenses 275.70 274.92 30 1.27 550.62 590.55 8 18.49 (b) Employee Benefits Expense 35 1.95 367.46 290.83 719.4 1 682. 14 1,364.09 (c) Finance Costs 552.32 602 .0 1 269.34 1, 154.33 52 1.68 1,408.97 (d) Depreciation, Amortization and Impairment Expense 588.06 578. 12 4 19.81 1, 166. 18 834.05 1,889.69 (e) Other Expenses (Refer Note 6) 873.29 728.82 62 1.60 1,602. 11 1,272.92 3,778.23 Tota l Expenses (a+b+c+d+e) 2,641. 32 2,551. 33 1 902.85 5,192.65 3,90 1.34 9 259.47 3 Profit before Exceptional items, l\tovt>ments in Regulatory Deferral Acc:ount Balances a nd Tu (1-2) 1,687.18 1,190 .98 1,09 1.59 2,878.16 2,325.97 2,390.63 4 Exceptional items 5 Profit before tu and Movements in Regulatory Defer ra l Account Balances (3- 1,68 7.18 1,190 .98 1,091. 59 2,878. 16 2,325.97 2,390.63 0 6 Tu Expenses (Refer Note 7) a) Current Tax 254.46 122 .87 205.41 3 77.33 428.68 662.00 b) Deferred Tax 189.0 1 198.86 77.87 387.87 174.16 (927.94) Total Tax Expense (a+b) 44 3.47 321.7 3 283.28 765.20 602.84 (265.94) 7 Profit before monmeou In Regulatory Deferral Account Balances (5·6) 1,243. 71 869.25 808.31 2, 112.96 1,723.13 2,656.57 8 Movement in Regulatory Deferral Account Balances (Net of Tax) 28 1.78 244. 16 117.21 525.94 274.26 96 1.23 9 Profit for th e period (7+8) 1,52 5.49 1, 113.41 925.5 2 2,638.90 1,997.39 3,6 17.80 10 Other Comprebeosh·e Income (I) Items that will not be reclassified to profit or loss (Net of Tax) (a) Remeasurement of post employment defined benefit obligations (10.35) ( 10.28) 24 .92 (20.63) 15.28 (67.51) (b) Changes in the fair value of equity investments at FVTOCI (23.53) 21.69 (12.64) (1.84) 2.78 (0.78) Total (i)>o(•)+(b) (33.88) 11.4 1 12.28 (22.47) 18.0 6 (68.29) (Ii) Items tbat will be reclassified to profit or loss (Net of Tax) (a) Changes in the fair value of debt investments at FVTOCI (4.00) 0.67 (1.69) (3.33) (1.14) 0.44 (b) Cost of Hedge Reserve (100.45) 1.78 (4.36) (98.67) (19.07) (7.56) Tota l (ll!"'(a)+(b) (104.45) 2.45 (6.05) (102.00) (20.2 1) (7.12) Other Compr ehensive Income (l+li) (13 8.33) 13.86 6.23 (124.47) (2.15) (75.41) 11 Total Compr ehensive Income for the period (9+10) 1,387. 16 1, 127.27 93 1.75 2,514.43 1,995.2 4 3,542.39 12 Paid-up equity share capital (off ace Value' IOI- per share) 10,045.03 10,045.03 10,045.03 10,045.03 10,045.03 10,045.03 13 Other Equity exduding Revaluation Reserves 32,230.72 31,054.5 1 29,786 .39 32,230.72 29,786.39 29,927.24 14 Net worth 42 ,275.75 4 1,099.54 39,831.42 42 ,275 .75 39,831.42 39,972 .27 15 Paid-up debt capital (Comprises Long tenn debls and Lease Liabilities including 49,723 .22 47,533.50 41,506 .08 49 ,723.22 41,506.08 46,323.99 current maturities thereof, Short term Borrowings and Payable towards Bonds fully serviced by Government of India.) 16 Capital Redemption Reserve 2,255 .71 2,255.7 1 2,255.71 2,255 .7 1 2,255.7 1 2,255 .71 17 Debenture (Bond) Redemption Reserve 685.84 685 .84 788.66 685.84 788.66 685.84 18 Ea m ing per share (Basic a nd Diluted) (Equity shares, face value on 10/- eac h) - Excluding movements in Regulatory Deferral Account Balances (int) - (not 1.24 0.87 0.80 2.10 1.72 2.64 annualised) - Including movements in Regulatory Deferral Account Balances (int) - (not 1.52 I.I I 0.92 2.63 1.99 3.60 annualised) 19 Debt equity ratio (Paid-up debt capital I Shareholder's Equity) 1.18 1.1 6 1.04 1.18 1.04 1.16
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Quarter Ended Half Year End ed Year Ended SI.No. Particulars 30.09.2026 30.06.2026 30.09.2025 30.09.2026 30.09.2025 31.03.202 6 Unaudited Unaudited Unaudited Unaudited Unaudited Audited 20 Debt service coverage ratio (DSCR) [Profit for the period + Finance Costs + 2.23 2.54 2.12 2.36 2.57 1.74 Depreciation]/[Principal repayment of non current borrowings+ Lease Payments + Finance Costs] # 21 Interest service coverage ratio (ISC R) Profit for the period + Finance Costs + 4.73 3.72 5.04 4.21 5.38 4.27 Depreciation) / Finance Costs. # 22 Current Ratio (Current Assets I Current liabilities) 1.07 0.95 1.06 1.07 1.06 0.87 23 Long Term Debt to working Capital ratio (Long term borrow ings including curren t 6.63 11.96 9.53 6.63 9.53 15.96 maturity of Jong tenn borrowing I {working capital ex.eluding current maturities of long tenn borrowingsl) 24 Bad Debts to Account Receivable Ratio (Bad debts I Average Trade receivables) 0.019 0.023 0.013 0.024 0.015 0.033 25 Current Liability Ratio (Current liabilities /Tota l liabilities) 0.22 0.21 0.19 0.22 0.19 0.21 26 Total Debts to Total Assets (Paid up debt capital I Total assets) 0.47 0.47 0.44 0.47 0.44 0.47 27 Debtors Turnover (Revenue from operations I Average trade receivables) - 4.04 4.26 l.80 4.72 2. 15 4.33 Annualised 28 (nventory Turnover ratio (Revenue from operations I Average inventory) - 57.54 49.78 42.99 53.79 45.05 38.87 Annualised 29 Operating Margin(%) (Operating profit I R,evenue from opera tions) 50.81 46.73 42.11 48.92 42.63 37.05 30 Net Profit Margin (%) (Profit for the period I Revenue from operations) 36.98 31.48 33.88 34.44 34.98 35.03 # For the calculation of!SCR and DSCR, amoun t of interest and Principal repayments against the borrowings of the opera tional projects have been cons idered.
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- A Navratna Company STATEMENT OF STANDALONE ASSETS AND LIABILIT IES PARTI CULARS ASSET S (I) NON-CURRENT ASSETS a) Property, Plant and Equipment b) Capital Work In Progress c) Right Of Use Assets d) Investment Property e) Intangible Assets I) Intangible Assets under development g) Financial Assets i) Investments ii) Trade Receivables iii) Loans iv) Others h) Other Non Current Assets TOT AL NON CURRENT ASSETS (2) CURRENT ASSETS a) Inventories b) Financi al Assets i} Investments ii) Trade Receivables iii) Cash and Cash Equivalents iv) Bank balances other than Cash and Cash Equivalen1s v) Loans vi) Others c) Current Tax Assets (Net) d) Other Current Assets TOTAL CURRENT ASSETS (3) Assets Classified as held for Sale (4) Regulatory Deferra l Account Debit Balances TOTAL ASSETS EQUITY AND LIABILIT IES (I) EQ UITY a) Equity Share Capital b) Other Equity TOTAL EQUITY (2) LIABILITIES PARTI CULARS NON-CURRENT LIABILITIES a) Financia l Liabilities i) Borrowings ii) Lease Liabilities iii) Other financial liabilities b) Provisions c) Deferred Tax Liabilities (Net) d) Other non-current Liabilities TOTAL NON CURRENT LIABILITIE S (3) CURRENT LIABILITIES a) Financi al Liabilities i) Borrowings ii) Lease Liabilities iii) Trade Payables Total outstanding dues of micro and small enterprises Total outstanding dues of Creditors other than micro and small enterprises iv) Other financial liabilities b) Other Current Liabilities c) Provisions d) Current Tax Liabilities (Net) TOTAL CURRENT LIABILITIE S (4) Regulatory Deferra l Account Credit Balances TOTAL LIABILITIES TOTAL EQUITY AND LIABILITIE S --- (Rs. In cror e) As at 30th As at 31st September, 2026 M arch, 2026 (Unaudit ed) (Audit ed) 45,217.82 44,516.98 20,769.62 19,067.23 2,919.75 2,913.85 4.49 4.49 53.87 9.36 180.00 203.69 6,327.83 6,377.58 - 0.16 736.51 936.53 4,746.69 4,606.51 1,199.76 773.63 82,156.34 79,410.01 283.57 278.27 86.59 10.80 3,929.IO 2,406.30 2,464.01 1,042.10 328.63 129.43 653.45 485.78 5,937.43 5,122.81 94.71 94.68 741.28 1,364.48 14,518.77 10,934.65 0.88 2.81 8,516. 19 8,11 6.43 1,05,192.18 98,463.90 As at 30th As at 31st Septem ber, 2026 March , 2026 (Unaudited) (Audit ed) 10,045.03 10,045.03 32,230.72 29,927.24 42,275.75 39,972.27 41,032.49 38,340.34 77.71 82.89 2,684.66 2,434.97 78.57 73.29 1,282.50 935.85 2,985.07 2,827.57 48,141.00 44,694.91 6,590.17 5,877.17 5.65 6.39 70.57 93.65 321.86 257.96 4,107.55 3.790.74 783.48 851.40 1,682.90 1,635.50 55.52 13,617.70 12,512.81 l,157.73 l,283.91 62,916.43 58 491.63 1,05,192.18 98,463.90
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1111 A Navratna Company NHPC LIM ITED (A Government of India Navratna Enterpr ise) CIN: L4010111Rl97SGOI032S64 STATEMENT OF STANDALONE CASH FLOWS FOR THE HALF YEAR ENDED 30TH SEPTEMBER, 2026 Particulars A. Cash Flow From Operating Activities Profit before tax for the half year including movements lo Regulatory Deferral Account Balance Less: Movement in Regulatory Deferral Account Balances (Net of Tax) Profit before Tax ADD: Depreciation, Amonization and hnpainnent Expense Finance Cost (Net of Expenditure Attributable to Construction) Unwinding of interest on Financial Liabilities (Net of EAC) lmpainnent on investment Other lmpainnent on Financial & Non-Financial Assets (Net of EAC) Net Exchange rate variation (Loss) Sales adjustment on account of Exchange Rate Variation Loss/(Profit) on sale of Assets/Claims written off Fair value Adjustments LESS: Advance against Depreciation written back Liabilities/ impainnent Allowances/ Provisions not required written back (NetofEAC) Dividend Income interest Income & Guarantee Fees (including Late Payment Surcharge) Amortisation of Government Grants Cash now from Operating Activities before Operating Assets & Liabilities adjustments and Income Taxes Changes in Operating Assets and Liabilities: (locrease)/Decrease in Inventories (lncrease)/Decrease in Trade Receivables (lncrease)/Decrease in Other Financial Assets, Loans and Advances Deferred Foreign Currency Fluctuation Assets Deferred Expenditure on Foreign Currency Fluctuation increasc/(Decrease) in Other Financial Liabilities and Provisions Deferred income from Foreign Currency Fluctuation Account Regulatory Deferral Account Balances Cash now from operating actMties before tues Less : Income Taxes Paid Net Cash Flow Froml(Used in) Operating Activities (A) B. Cash Flow From Investing Activities Purchase of Property, Plant and Equipment, investment Property, Other intangible Assets, CW!P and Movement in Regulatory Deferral Account Balances Receipt of Grant Proceeds from sale of Propeny. Plant and Equipment Investment in Subsidiaries & Joint Venture (including Share Application Money pending allotment) Loan to Subsidiaries Repayment of Loan by Subsidiaries Interest on Loan to Subsidiaries/Joint Ventures/Associates Net Investment in Tenn Deposits Dividend Income Interest Income & Guarantee Fees (including Late Payment Surcharge) Net Cash Flow Froml(Used in) lm·esting Activities (B) C. Cas h Flow From Financing Activities Dividend Paid Proceeds from Long Tenn Borrowings Proceeds from Shon Term Borrowings (Net) Repayment of Long Tenn Borrowings Interest & Finance Charges Principal Repayment of Lease Liability Interest paid on Lease Liability Net Cash Flow Froml(Used in) Financi ng Activities (C) For the Half Year Ended 30th September, 2026 Unaudited 1166.18 1138.59 15.74 (2.01) 23 1.89 3.94 14.4 l 6.79 0.12 25.21 2.60 187.86 106.72 21.77 (5.32) ( 1522.63) 64.39 (76.34) 12.0 1 (274.04) (0.71) 0.05 3404. 10 525.94 2878.16 2575.65 5453 .81 44. 5109.65 1802.59 3307.06 321.85 2985.2 1 (3463.78) 210.75 7.19 (30.00) (98.00) 0.28 (200.38) 187.86 163.90 (3222. 18) (2 10.95) 6537.39 (1500.00) (1735.96) (1429 .12) 0.60 (3.08) 1658.88 1421.91 1042. 10 2464.0 1 (Rs. in crore) For the Half Year Ended 30th September, 2025 Unaudited 834 .05 515.87 5.81 4.77 3.64 16.40 6.15 0.16 25.2 1 5.87 126.3 1 117.49 17.37 (9.09) (1668.10) 317 .48 (6.40) 14.86 (481.76) (0.7 1) (1.99) 260 0.23 274.26 2325.97 1386.85 3712.82 2 2.2 3420.57 1835.71 1584.86 35 1.6 1 1233.25 (2647.89) 9.6 1 2.00 ( 195. 19) (185. 00) 19.53 3.8 1 (20.61) 126.31 67.69 (2819.74) (512.30) 4596.71 0.00 (1206.6 1) (987.60) (2.42) (0.83) 1886.95 300.46 583.44 883.90 alfyear f 38.74 crores) held in earmarked current nder Ind AS 7 - Statement of Cash Flows.
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A N1vr11n1 Company Notes to Unaudited Standalone Financial Results : The above Standalone Financial Results including statement of standalone assets and liabilities and statement of standalone cash flows have been reviewed and reconunended by Ute Audit Committee and approved by the Board of Directors of the Company in their respective meetings held on November 04, 2026. The same have been reviewed by Ute Joint Statutory Auditors of the Company as required under Regulation 33 and 52 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended. 2 In view of the seasonal nature of business, the Standalone Financial Results of the Company vary from quarter to quarter. 3 Electricity generation is the principal business activity of the Company. Other operations viz. Power Trading, Contracts, Project Management and Consultancy works do not form a reportable segment as per Ind AS 108 - 'Operating Segments'. The Company has a single geographical segment as all its power stations are located within the country. 4 The Central Electricity Regulatory Commission (CERC) has notified the Tariff Regulations for the period April I, 2024 to March 31, 2029 vi de notification dated March 15, 2024. Petitions for truing up of tariff for the period 2019-24 and for fixation of tariff for the period 2024- 29 have been filed with the Commission. In accordance with these regulations and as per the operational parameter norms of the respective power stations, customers are billed as per the Annual Fixed Charge (AFC) approved by the Commission for tariff period 2024-29. For power stations in respect of which tariff orders for the tariff period 2024-29 are yet to be notified, customers are billed as per the approved AFC applicable as on March 31, 2024. 5 (i) The Company has commissioned 4th unit of 250 MW out of 2000 MW Subansiri Lower Project during the half year ended September 30, 2026. With this commissioning, total IOOO MW (4 out of 8 units) of the Project have been commissioned till September 30, 2026. Petition for fixation of tariff has been filed with the CERC. Pending approval of the CERC, an amount of ~ 678.17 Crore and ~ 1252.48 Crore respectively have been recognised provisionally as sales during the quarter and half year ended September 30, 2026 (corresponding previous quarter and half year~ NIL). (ii) The Company has conunissioned 800 MW Parbati-11 HE Project during the FY 2025-26 and petition for fixation of tariff has been filed with the CERC. Pending final approval of the CERC, an amount on 553.47 Crore and ~ 917.89 Crore respectively have been recognised provisionally as sales during the quarter and half year ended September 30, 2026 (corresponding previous quarter and half year~ 217.69 Crore and ~ 648.86 Crore respectively). 6 Due to uncertainties regarding implementation of Teesta rv HE Project, an amount of~ 23 1.30 Crore incurred on survey & investigation being carried as Capital Work In Progress, has been provided for during the current quarter and half year ended September 30, 2026 (corresponding previous quarter and half year~ NIL). 7 The Company has exercised the option under Section 200 (5) of the Income Tax Act, 2025, effective from Tax Year 2026-27 and subsequent years. Accordingly, Income Tax Expenses [Net of Minimum Alternate Tax (MAT) Credit Utilisation] and Net Deferred Tax Liabilities as on September 30, 2026 have been recognized considering this expected transition and is subject to review during the forthcoming quarters of FY 2026-27. 8 The Board of Directors of the Company in its meeting held on September 24, 2021 had approved the proposal to initiate the process o merger of Jalpower Corporation Limited (JPCL) (a wholly owned subsidiary) with the Company as per applicable provisions of the Companies Act, 2013. Approval of the Ministry of Power, Government of India had been conveyed on April 26, 2023 following which NHPC Limited and JPCL had filed first motion application with MCA on February 8, 2024. The Ministry of Corporate Affairs (MCA) conducted first hearing on April 30, 2025, in connection with the application filed under Sections 230-232 of the Companies Act, 2013 for approval of the Scheme of Amalgamation. Pursuant to MCA order dated May 22, 2025, meeting of the Equity Shareholders, Secured Creditors & Unsecured Creditors of NHPC was held on September 29, 2025. Further, NHPC and JPCL have filed second motion application with the MCA on October 6, 2025. The hearing on the Scheme of Amalgamation of NHPC and JPCL was held on September 28, 2026, however, the order in this regard is awaited. 9 The Company has maintained security cover of I 00% or higher as per the tern1s of Offer Document/ lnforn1ation Memorandum and/ or Debenture Trust Deed, sufficient to discharge the principal amount and the interest thereon, in respect of its secured listed non-convertible debt securities. Further, security has been created on specified assets of the Company through English/ Equitable mortgage as per the terms of respective Debenture Trust Deeds for all secured non-convertible debt securities issued by the Company. The Company is also in compliance with all the covenants, in respect of all listed non-convertible debt securities issued by the Company. I 0 The Company has commissioned 5th unit of 250 MW (out of total 8 units) of 2000 MW Subansiri Lower Project on October 23, 2026. With this commissioning, the total installed capacity ofSubansiri Lower Project is now 1250 MW. I I The shareholders of the Company had approved final dividend of~ 0.21 per share (Face value of~ I 01- each) for the Financial Year 2025- 26 in Ute Annual General Meeting held on August 28, 2026, which has been paid in September, 2026. 12 Figures for the previous periods have been re-grouped/re-arranged/re-classified/re-stated wherever necessary. For and on behalf of the Board of Directors o NHPC Limited ~~ (Mahc :Ku~~r Sharm a) Director (Finance) and CFO DIN - 11 306355
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Dharam Raj & Co Chartered Accountants Sun ii Choudhary House Ambika Vihar, Kunjwani Bypas Post Office Gangyal, Jammu-180010, Jammu & Kashmir S Jaykishan Chartered Accountants 12, Ho Chi Minh Sarani Suite No. 2d, 2e, 2f 2nd Floor, Kolkata-700071, West Bengal Vinod Kumar & Associates Chartered Accountants 503, Chiranjiv Tower, 43 Nehru Place, New Delhi - 110019 INDEPENDENT AUDITORS' LIMIT ED REVIEW REPORT ON THE UNAUDITED CONSOLIDATED FINANCIAL RES ULTS FOR THE QUARTER AND HALF YEAR ENDED 301h SEPTEMBER 2026 To The Board of Director s, N"HPC Limited 1. We have reviewed the accompanying Statement of Unaudited Consolidated Financial Results of NHPC Limited .("the Holding Company'') and its subsidiaries (the Holding Company and its subsidiaries together referred to as "the Group"), and its share of the net profit after tax and total comprehensive income of its joint venture and associate for the quarter and half year ended 30 September 2026 ("the Statement"), being submitted by the Holding Company pursuant to the requirement of Regulations 33 and 52 of the Securities and Exchange Board of India ("the SEB !'') (Listing Obligations and Disclosure Requirements) Regulations, 20 15, as amended ("'the Listing Regulations'"). 2. This Statement. which is the responsibility of the Holding Company's Management and approved by the Holding Company·s Board of Directors. has been prepared in accordance with the recognition and measurement principles laid do\ n in Indian Accounting Standard 34 .. Interim Financial Reporting·' (Ind AS 34), prescribed under section 133 of the Companies Act, 20 13 ("the Act"") as amended, read with relevant rules issued thereunder, other accounting principles and policies generally accepted in India and in compliance with Regulations 33 and 52 of the Listing Regulations. Our responsibility is to express our conclusion on the Statement based on our review. 3. We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 24 10 " Review of Interim Financial In formation Performed by the Independent Auditor of the Entity .. and also considering the requirement of Standard on Auditing (SA 600) on 'Using the irork of Another Auditor· issued by the Institute of Chartered Accountants of India. These standards require that we plan and perform the review to obtain moderate assurance as to whether the Statement is free of material .misstatement. A review of interim financial in formation consists of making inquiries, primarily of persons responsible for financial and accounting matters. and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Stan.dards on Auditing and consequently does not enable us to obtain assurance that we \\·oulcl become aware of all significant matters that might be identified in an audit. Accordingly. we do not express an audit opinion. We also performed procedures in accordance with the circular issued by SEBI under Regulation 33(8) of the Regulations, to the extent applicable. Page 1 of 3
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4. The Statement includes the results of the fo llowing entities: Holding Company I. NHPC Limited Subsidiaries I. NHDC Limited 2. Loktak Downstream Hydroelectric Corporation Limited 3. Bundelkhand Saur Urja Limited 4. Jalpower Corporation Limited 5. Ratle Hydroelectric Power Corporation Limited 6. NHPC Renewable Energy Limited 7. Chenab Valley Power Projects Limited Joint Venture I. APENCO NHPC Green Energy Limited Associate I. National Hi.gh Power Test Laboratory Private Limited 5. Based on our review conducted and procedures performed as stated in paragraph 3 above and based on the consideration of the review report of the other auditor referred to in paragraph 6 (a) and management certified interim financial results as referred to in paragraph 6 (b) below, nothing has come to our attention that causes us to believe that the accompanying Statement, prepared in accordance with the recognition and measurement principles laid down in the aforesaid Ind AS 34 and other accounting principles and policies generally accepted in [ndia, has not disclosed the in formation required to be disclosed in terms of the Regulations 33 and 52 of the Regulations including the manner in which it is to be disclosed, or that it contains any material misstatement. 6. Other Matter (a) We did not review the interim financial results of two subsidiaries included in the Statement, whose interim financial results refl ect total assets of Rs. 25,332. 12 crore as at 30 September 2026, total revenues of Rs 4 13.37 crore and Rs 742.43 crore, total net profit aft:er tax of Rs. 222.62 crore and Rs. 390.39 crore and total comprehensive income of Rs 222.38 crore and Rs. 389.75 crore for the quarter and half year ended 30 September 2026 respectively, and the cash outflows of Rs. 606.28 crore (net) for the half year ended 30 September 2026. These interim financial results have been reviewed by the other auditors whose report have been furnished to us by the Holding Company's Management and our conclusion on the Statement, in so far as it relates to the amounts and disclosures included in respect of these subsidiaries, is based solely on the report of the other auditors and the procedures performed by us as stated in paragraph 3 above.
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have not been reviewed by their auditors. These un-reviewed interim financial results have been furnished to us by the Holding Company·s Management and our conclusion on the Statement, in so far as it relates to the amounts and disclosures included in respect of these subsidiaries, a joint venture and an associate, is solely based on such management certified interim financial results. According to the information and explanations given to us by the Holding Company's Management, these interim financial results are not material to the Group. (c) The comparative consolidated financial results of the Company for the corresponding quarter ended 30 September 2025, the corresponding year to date results for the period 0 I April 2025 to 30 September 2025 and preceding quarter ended 30 June 2026 were reviewed by the then Joint Statutory Auditors of the Company, one of them was the predecessor auditor and the consolidated financial statements of the Company for the year ended 3 1 March 2026 were audited by the then Joint Statutory Auditors of the Company, one of them was the predecessor auditor who expressed an unmodified conclusion/ opinion on those consolidated financial results and consolidated financial statements on 6 November 2025, 4 August 2026 and 15 May 2026 respectively. Our conclusion on the statement is not modified in respect of the aforesaid matters. Place: Faridabad Date: 0-t November 2026 Page 3 of 3
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.. NHP C LIMITED (A Gov ernm ent of India Na\•ratna Ent erpri se) . C IN: L40101HR l 97SGOI0 32564 A Navratna Company SECT OR-33 , FARll>ABAD, HARYANA - 121003 STATEMENT OF CONSOLIDATED UNAUDITED FINANCIAL RESULTS FOR THE QUARTER AND HALF YEAR ENDED 30TH SEPTEMBER 2026 (Rs . in crore) Quarter Ended Hair Year Ended Year Ended 30.09.2026 30.06.2026 30.09.2025 30.09.2026 30.09.2025 3 l.03.2026 SI.No. Particulars Unaudited Unaudited Unaudited Unaudited Unaudited Audited l Income (a) Revenue from Operations (Rerer Note 5 and 6) 4,482.55 3,808.31 3,365.26 8,290.86 6,579.03 11,615.29 {b ) Other Income 187.03 151.41 264.72 338.44 493.71 1;070.80 Total Income (a+b) 4,669.58 3,959.72 3,629.98 8,629.30 7,072.74 12,686.09 2 Expenses (a) Generation Expenses 276.52 275.33 301.68 55 1.85 591.92 820.74 (b) Employee Benefits Expense 392.16 401.01 326.46 793. 17 749.96 1,498.34 (c) Finance Costs 556.17 605.76 277.69 1,161.93 538.49 1,423.02 (d) Depreciation, Amortization and lmpainnent Expense 610.03 599.65 441.46 1,209.68 877.23 1,975.85 (e) Other Expenses (Refer Note 7) 938.10 779.78 710.25 1,717.88 1,408.77 4,060.30 Total Expenses (a+b+c+d+e) 2,772.98 2,661.53 2,057.54 5,434.51 4,166.37 9,778.25 3 ProOt before Exceptional Items, Regulatory Deferral Account Balances, Tax and Share of profit of Associate/Joint Venture accounted for using the Equity 1,896.60 1,298.19 1,572.44 3,194.79 2,906.37 2,907.84 Metbod ( 1-2) 4 Share of net profit from Associate/Joint Venture acco unted for using equity 2.48 metho d 0.95 1.20 0.09 2.1 5 0.71 5 Profit before Exceptional hems, Regulatory Dderral Account Balances and Tax (3+4) 1,897.55 1,299.39 1,572.53 3,196.94 2,907.08 2,910.32 6 Exceptional items - 7 Profit before Tax and Regulatory Deferral Account Balances (5-6) 1,897.55 1,299.39 1,572.53 3,196.94 2,907.08 2,910.32 8 Tax Expenses (Refer Note 8) a) Current Tax 308.07 162.04 300.19 470.11 555.68 838.61 b) Deferred Tax 227.92 213.57 235.80 44 1.49 367.46 (1,165.39) Toto I Tax Expense (a+b) 535.99 375.61 535.99 911.60 923.14 (326.78) 9 Profit before movement In Regulatory Dererral Account Balances (7-8) 1 ,3 61.5 ~ 923.78 1,036.54 2,285.34 1,983.94 3,237.10 10 Movement in Regulatory Deferral Account Balances (Net ofTax) 296.01 254.31 182.74 550.32 366.50 983.36 II Profit for the period (9+ I 0) 1,657.57 1,178.09 1,2 19.28 2,835.66 2,350.44 4,220.46 12 Other Comprehensive Income (I) Items that wlll oot be reclassiOed to profit or loss (Net of Tax) (a) Remeasurement of the post employment defined benefit obligations (10.54) (10.57) 24.46 (21.11) 14.36 (68.76) Less:·Movement in Regulatory Deferral Account Balances (Net of Tax) 0.06 0.10 0.25 0.16 0.50 0.42 Sub total (a) (lo.60) (10.67) 24.21 (21.27) 13.86 (69.18) (b) Changes in the fair value of equity investments at FVl'OCI (23.53) 21.69 (12.64) (1.84) 2.78 (0.78) Sub total (b) (23.53) 21.69 (12.64) (l.84) 2.78 (0.78) Total (i)=(a)+(b) (34.13) 11.02 11.57 (23.11) 16.64 (69.96) (ii) Items that wiU be reclassified to profit or loss (Net of Tax) (a) Changes in the fair value of debt investments at FVI'OCI (4.00) 0.67 (1.69) (3.33) (1.14) 0.45 (b) Cost of Hedge Reserve (100.45) 1.78 (4.36) (98.67) (19.07) (7.56) Total (li)=(a)+(b) (104.45) 2.45 (6.05) (102.00) (20.21) (7.11) Other Comprehensive Income (l+il) (138.58) 13.47 5.52 (125.1 1) (3.57) (77.07) 13 Total Comprehensive Income for the period (11+12) 1,518.99 1,191.56 1,224.80 2,710.55 2,346.87 4,143.39 14 Net Profit attributable to a) Owners of the Parent company 1,549.09 1,095.87 1,021.44 2,644.96 2,086.46 3,765.74 b) Non-controlling interest 108.48 82.22 197.84 190.70 263.98 454.72 15 Other comprehensive Income attributable to a) Owners of the Parent company ( 138.45) 13.66 5.88 (124.79) (2.87) (76.25) b) Non-controlling interest (0.13) (0.19) (0.36) (0.32) (0.70) (0.82) 16 Total comprebeoslve income attributable to a) Owners of the Parent company 1,410.64 1,109.53 1,027.32 2,520.17 2,083.59 3,689.49 b) Non-controlling interest 108.35 82.03 197.48 190.38 263.28 453.90 17 Paid-up equity share capital (ofFace Value' IQ/. per share) 10,045.03 10,045.03 10,045.03 10,045.03 10,045.03 l0,D45.03 18 Other Equity excluding Revaluation Reserves 33,695.93 32,496.65 31,194.76 33,695.93 31,194.76 31,392.15 19 Net worth attributable to owners of the Company 43,740.96 42,541.68 41,239.79 43,740.96 4 1,239.79 41,437.18
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Quarte r Ended Ha lf Year Ended Year Ended 30.09.2026 30.06.2026 30.09.2025 30.09.2026 30.09.2025 31.03.2026 SI.No. Particulars Unaudited Unaudited Una udited Unaudited Unaudited Audited 20 Paid-up debt capital (Comprises Long term debts and Lease Liabilities including current maturities thereof, Short tenn Borrowings and Payable towards Bonds fully 59,425.30 56,039.03 46,940.05 59,425.30 46,940.0S 54,343.89 serviced by Government of India.) 21 Capital Redemption Reserve 2,255.71 2,255.71 2,255.71 2,255.71 2,255.71 2,255.71 22 Debenture (Bond) Redemption Reserve 685.84 685.84 788.66 685.84 788.66 685.84 23 Earn ing per sbare (Basie an d Diluted) (Eq uity sbares, face value oft 10/- each) - Excluding movements in Regulatory Deferral Account Balances (in~) - (not 1.25 0.84 0.83 2.09 1.71 2.77 annualised) - Including movements in Regulatory Deferral Account Balances (in~) - (not 1.54 1.09 1.02 2.63 2.08 3.75 annualised) 24 Debt equity ratio 1.36 1.32 1.14 1.36 1.14 1.31 25 Debt service coverage ratio (DSCR) (Profit for the period + Finance Costs + 2.35 2.54 2.5 I 2.43 2.84 1.90 Depreciation}l[Principal repayment of non current borrowings+ Lease Payments r Finance Costs] # 26 Intere st service coverage ratio (lSCR) Profit for the period + finance Costs + 4.98 3.85 5.92 4.39 S.90 4.67 Depreciation ]/ Finance Costs. # 27 Current Ratio (Current Assets I Current liabilities) 1.10 I.OS 1.22 1.10 1.22 1.04 28 Long Tenn Debt to working Capital ratio (Long tenn borrowings including current 7.15 10.37 7.40 7.15 7.40 10.48 maturity of long tenn borrowing I {working capital excluding current maturities of long term borrowings}) 29 Bad Debts to Account Receivable Ratio (Bad debts I Average Trade receivables) 0.021 0.025 0.012 0.026 0.013 0.033 30 Current Liability Ratio (Current liabilities I Total liabilities) 0.18 0.18 0. 16 0.18 0.16 0.18 31 Total Debts to Total Assets (Paid up debt capital I Total assets) 0.46 0.45 0.42 0.46 0.42 0.45 32 Debtors Turnover (Revenue from operations I Average trade receivables) 4.07 4.26 2.06 4.68 2.27 4.B Annualised 33 Inventory Turnover ratio (Revenue from operations I Average inventory) 59.28 50.76 50.36 SS.20 49.25 41.39 Annualised 34 Operating Margin (%) (Operating profit I Revenue from operations) 51.88 47.73 48.65 49.97 46.44 39.68 35 Net Profit Margin(%) (Profit for the period I Revenue from operations) 36.98 30.93 36.23 34.20 35.73 36.34 # For the calculation of lSCR and DSCR, amount ofinterest and Principal repayments against the borrowings of the operational projects have been considered.
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STATEMENT OF CONSOL IDATED ASSETS AND LIABIL ITIES (Rs. In c rore) As at 30th As at 31s t PARTICULARS Sept ember, 2026 !\lar ch, 2026 (Unaudi ted) (Audit ed) ASSETS (I) NON-CURRENT ASSETS a) Property, Plant and Equipme nt 46,4 78. 53 45,77 1. 10 b) Capital Work In Progress 38,889.69 34,743 .89 c) Right Of Use Assets 4,495 .25 4,504.68 d) Investment Property 4.49 4.49 e) Intangible Assets 54.73 9.78 f) Intangible Assets under development 184.7 1 203 .69 g) Investments accoumed for using the eq uity method 26.58 24.44 h) Financial Assets i) Investments 322.79 404.55 ii) Trade Receivables 0. 16 iii) U>ans 763 .92 964.45 iv) Olhers 9,496. IO 8,610.7 0 i) Deferred Tax Assets 8.36 8. 36 j) Other Non Current Assets 2,082. 16 I 673.6 1 TOTAL NON CURRENT ASSET S 1,02 ,807 .31 96,923.90 (2) C URRENT ASSETS a) Inventories 298.77 293.8 8 b) Financia l AsselS i) Investment s 86.59 10.80 ii) Trad e Receivables 4,283.37 2,629.4 0 iii) Cash and Cash Equivalents 2 ,7S 1.04 1,961.lS iv) Bank bala nces other than Cash and Cash Equivalents 1,893.S9 1,689.89 v) U>ans SS 1.38 482.87 vi) Othe rs 6, l 13.6S 6,066.7S c) Current Tax Asse ts (Net) 134.09 133.54 d) Other Current Assets 766.3 9 l ,398.57 TOTAL CURRENT ASSETS 16,878.87 14,666.85 (3) Assets Classified as held for Sale 1.73 3.67 (4) Regulatory Deferral Account Debit Balances 8,8 17.92 8,416.47 TOTAL ASSETS 1,28,505.83 1,20,0 10.89 As at 30th As at 31st PART ICULARS Septem ber, 2026 !\larch, 2026 (Unaudited) (Audite d) EOUITY AND LI ARI LITIES (I) EOUITY a) Equity Share Capital 10,0 45.03 10,045.03 b) Other Equity 33,695.93 3 1,392.15 Tota l Equity attributab le to owners of the Compa ny 43,740.96 41,437.18 c) Non-Controll ing interests 7,0 10.82 6 967.67 TOTAL EQ UITY 50,751.78 48,404.85 (2) LIABILI TIES NON-CU RRENT LIAB ILI TI ES a) Financial Liabilities i) Borrowin gs 50, 5 19.93 46, 173.52 ii) Lease Liabilities 170.63 175.84 iii) Other financial liabilities 2,644.59 2,424.31 b) Provisions 107 .37 100 .27 c) Deferred Tax Liabilities (Net) 2, 14S.65 1,74S.39 d) Other non-current Liabilities 5,583.03 S,438.9 5 TOTAL NON CURRE NT LIAB ILITIE S 6 1, 17 1.20 56,058.28 (3) CURRENT LIABILIT IES a) Financia l Liab iliti es i) Borrowings 6,6 99. 63 5,960.42 ii) Lease Liabilities 17.91 16.9 1 iii) Trade Payables Total outstandin g dues of micro and small enterprises 84.1 5 107.85 Tota l outstanding dues of Creditors olher than micro and small 350. 03 279. 19 enterpris es iv) Other financial liabilities 5,005 .30 4,645.64 b) Omer Cu rrent Liabilities 86S. 13 9S l.3 6 c) Provisions 2,203.62 2,144.64 d) Current Tax Liabilities (Net) 64. 18 TOTAL CURREN T LIABILIT IES 15,289 .95 14, 106.01 (4) Regulatory Deferral Account Credit Balances 1,292 .90 1,44 1.75 TOTA L LIAB ILITIE S 77 754.05 71 606. 04 TOTA L EQUITY ANO LIAB ILITIES I 28 505.83 I 20 0 10.89
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A N11vr<1IM Company NHPC LIMITED (A Gonrnmeot of lodl111 Nanat na Enterpr ise) CIN : L40101HRl 975GOIOJlS64 ' STAT EMENT OF CONSOLIDATED CASH FLOWS FOR THE HALF YEA R ENDED 30th SEPTEMBER, 2026 Particulars A. Cash Flow From Operating Acti vities Profit before tax for the half year including mo\•ements in Regulatory Oderral Account Balance Less: Mol'ement in Regulatory Deferral Account Balances (Net of Tax) Profit before Ta x ADD : Depreciation, Amortization and lmpainnent Expense Finance Cost (Nel of Expenditure Attributable to Construction) Unwinding of [nterest on Financial Liabilities (Net of EAC) lmpainnent on Financial & Non-Financial Assets (Net ofEAC) Net Exchange rate variation (Loss) Tariff Adjustmen t (Loss) Sales adjustm ent on acco unt of Exchange Rate Variation Loss/(Profit) on sale of Assets/Cla ims written off LESS: Advance against Depreciation written back Liabilities/ lmpainnent Allowances/ Provisions not required written back (NetofEAC) Dividend Income Interest Income & Guarantee Fees (including Late Pa~nent Surcharge) 01her Adjustments Fair Value Adjustments Amortisation of Government Grants Share of Net Profit /(Loss) of Joint Venture s/Associates (accounted for using the equity method) Cash flow from Operating Acti\·ities before Operating Assets & Liabilities adjustments and Income Taxes Cbaoges lo Operat ing Asse ts aod LlabiLities: (lncrease)/Decreas e in lnl'entories (lnc.rease)/Decrease in Trade Receivables (lncrease)fDecrease in Other Financial Assets, Loans and Advances Deferred Foreign Currency Fluctuation Assets Deferred Expenditure on Foreign Currency Fluctuation lncrease/(Decrease) in Other financial Liabilities and Provisions Deferred Income from Foreign Currency Fluctuation Account Regulatory Deferral Account Balances Cash flow from operating activities before taxes l ess : Income Taxes Paid Net Cash Flow From/( Used in) Operating Activities (A) 8. Cash Flow From Investing Activities Purchase of Property, Plant and Equipm ent, Investmen t Property, 01her Intangible A5'ets, CWlP and Movement in Regulatory Deferral Account Balances Receipt of Grant Proceeds from sale of Property, Plant & Equipmen t Investment in Joint Venture (Including Share Application Money pending allotment) Net Investment in Tenn Deposits Di,idend Income Interest Income & Guarantee Fees (including Late Payment Surcharge) Net Cas h Flow From/( Used in) Investing Activi ties (B) C. Cash Flow From Financing Activities Equity proceeds from Non-Controlling Interest Di,iden d Paid (including Non-Controlling Interests) Proceeds from Long Term Borrowings Proceeds from Short Tenn Borrowings (Net) Repayment of Long Tenn Borrowings lnterest and Finance Charges Principal Repayment of Lease Liability Interest pa id on Lease Liability Net Cas h Flow Froml(Used in) Financi ng Acth·ities (C) D. Net ln crease/(Decrease) In Cash And Cas h Equivalent s (A+B+C) Cas h a nd Cas h Equiva lents at the beginning of th e year For the Half Year Ended 30th Septembe r, 2026 Unaudi ted 3,747.26 550.32 3,196.94 1,209 .68 1,144 .60 17.33 236 .55 4.59 (5.0 1) 14.41 7.03 2,629.18 5,826.12 27.38 2.6 1 27.6 0 187.57 (2.5 1) 0.08 42.0 1 2. 15 286.89 5,539.23 (4.88) (1 ,658.43) 199.57 (76.3 4) 12.0 1 (424.20) (0.71) (0.60) 1,953 .58 3,585 .65 406 .49 3,1 79.16 (5,685.06) 2 14 .1 6 7.20 (22 .1 6) 27.60 229 .65 (5,228.61) (363.61) 8,202 .86 (1,500 .00) (1,762.71 ) (1 ,730.06) (0.76 ) (6.3 8) 2,839.34 789.8 9 1,96 1. 15 2 ,75 1.04 (Rs . In cr ore) For the Half Yea r Ended 30th Se tember, 2025 Unau dited 877 .23 532 .58 5.9 1 4.8 1 3.7 1 3.56 16.40 6.54 27.38 5.14 14.04 187.50 0.54 37.29 0.71 (8.36) (1,856.40) 50 I.! I (6.40 ) 14.86 (704. 12) (0.7 1) (2.06) 3,273.58 366.50 2,907.08 1,450.74 4,357.82 272.6 0 4,085.22 2,062. 08 2,023. 14 439 .93 1,583.2 1 (5,09 4 .06) 13.78 2 .02 (0.50) (133. 19) 14.04 151.74 (5,046 .17) 150.00 (6 19.83) 6,6 19.40 ( l ,213.59) ( 1,12 5.88) (2 .27) (4. 15) 3,803.68 340.72 80 1.59 1,142.3 1 thod" pres cribed under Ind AS 7 - Statement of Cash Flows.
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A N1vntn1 Compan}' Notes to Unaudited Consolidated Financia l Results : The above Consolidated Financial Results including statement of consolidated assets and liabilities and statement of consolidated cash flows have been been reviewed and recommended by the Audit Committee and approved by the Board of Directors of the Parent Company in their respective meetings held on November 04, 2026. The same have been reviewed by the Joint Statutory Auditors of the Parent Company as required under Regulation 33 and 52 ofSEBI (Listing Obligations and Disclosure Requirements) Regulations 2015, as amended. 2 The Subsidiary, Joint Venture and Associate Companies considered in the Consolidated Financial Results are as follows:- Name of Companies Ownership( %} a) Subsidiary Companies: As at 30.09.2026 (i) NHDC Limited 51 .08 (ii) Chenab Valley Power Projects Limited 50.86 (iii) Loktak Downstream Hydroelectric Corporation Limited 74.00 (iv) Bundelkhand Saur Urja Limited 92.30 (v) Jalpower Corporation Limited 100.00 (vi) Ratte Hydroelectric Power Corporation Limited 51.00 (vii) NHPC Renewable Energy Limited 100.00 b) Joint Venture Company:- Ownership( %) (i) APGENCO NHPC Green Energy Limited (ANGEL) 50.00 c) Associate Company: - Ownership (%} (i) National High Power Test Laboratory Private Limited 12.50 All the above Companies are incorporated in lndia. Parent Company means NHPC Limited and Group means NHPC Limited including Subsidiary, Joint Venture & Associate Companies. 3 In view of the seasonal nature of business, the financial results of the Group vary from quarter to quarter. 4 Electricity generation is the principal business activity of the Group. Other operations viz., Power Trading, Contracts, Project Management and Consultancy works do not form a reportable segment as per Ind AS I 08 - 'Operating Segments'. The Group has a single geographical segment as all its power stations are located within the country. 5 The Central Electricity Regulatory Commission (CERC) has notified the Tariff Regulations for the period April 1, 2024 to March 31, 2029 vide notification dated March 15, 2024. Petitions for truing up of tariff for the period 20 19-24 and for fixation of tariff for the period 2024-29 have been filed with the Commission. In accordance with these regulations and as per the operational parameter norms of the respective power stations, customers are billed as per the Annual Fixed Charge (AFC) approved by the Commission for tariff period 2024-29. For power stations in respect of which tariff orders for the tariff period 2024-29 are yet to be notified, customers are billed as per the approved AFC applicable as on March 31, 2024. 6 (i) The Parent Company has commissioned 4th unit of 250 MW out of 2000 MW Subansiri Lower Project during the half year ended September 30, 2026. With this commissioning, total I 000 MW ( 4 out of 8 units) of the Project have been commissioned till September 30, 2026. Petition for fixation o tariff has been filed with the CERC. Pending approval of the CERC, an amount of' 678.17 Crore and' 1252.48 Crore respectively have been recognised provisionally as sales during the quarter and half year ended September 30, 2026 (corresponding previous quarter and half year' NIL). (ii) The Parent Company has commissioned 800 MW Parbati-11 HE Project during the FY 2025-26 and petition for fixation of tariff has been filed with the CERC. Pending final approval of the CERC, an amount on 553.47 Crore and '917.89 Crore respectively have been recognised provisionally as sales during the quarter and half year ended September 30, 2026 (corresponding previous quarter and half year ' 217.69 Crore and ' 648.86 Crore respectively). 7 Due to uncertainties regarding implementation of Teesta rv HE Project of the Parent Company, an amount of' 231.30 Crore incurred on survey & investigation being carried as Capital Work In Progress, has been provided for during the current quarter and half year ended September 30, 2026 (corresponding previous quarter and half year' NIL). 8 The Parent Company has exercised the option under Section 200 (5) of the Income Tax Act, 2025, effective from Tax Year 2026-27 and subsequent years. Accordingly, Income Tax Expenses [Net of Minimum Alternate Tax (MAT) Credit Utilisation] and Net Deferred Tax Liabilities as on September 30, 2026 have been recognized considering this expected transition and is subject to review during the forthcoming quarters of FY 2026-27.
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9 The Board of Directors of the Parent Company in its meeting held on September 24, 2021 had approved the proposal to initiate the process of merger of Jal power Corporation Limited (JPCL) (a wholly owned subsidiary) with the Parent Company as per applicable provisions of the Companies Act, 2013. Approval of the Ministry of Power, Government of India had been conveyed on April 26, 2023 following which NHPC Limited and JPCL had filed first motion application with MCA on February 8, 2024. The Ministry of Corporate Affairs (MCA) conducted first hearing on April 30, 2025, in connection with the application filed under Sections 230-232 of the Companies Act, 2013 for approval of the Scheme of Amalgamation. Pursuant to MCA order dated May 22, 2025, meetings of the Equity Shareholders, Secured Creditors & Un-Secured Creditors of NHPC were held on September 29, 2025. Further, NHPC and JPCL have filed second motion application with the MCA on October 6, 2025. The hearing on the Scheme of Amalgamation of NHPC and JPCL was held on September 28, 2026, however, the order in this regard is awaited. 10 The Parent Company has commissioned 5th unit of 250 MW (out of total 8 units) of 2000 MW Subansiri Lower Project on October 23, 2026. With this commissioning, the total installed capacity of Subansiri Lower Project is now 1250 MW. 11 The shareholders of the Parent Company had approved final dividend of~ 0.21 per share (Face value of~ 10/- each) for the Financial Year 2025-26 in the Annual General Meeting held on August 28, 2026, which has been paid in September, 2026. 12 Figures for the previous periods have been re-grouped/re-arranged/re-classified/re-stated wherever necessary. For and on behalf of the Board of Directors of l\.4 NHPC Limited (Mahe~r.::::ar. :harma) Place: Faridabad Director (Finance) and CFO Date : November 04, 2026 DIN - 11306355
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r~/J S . JAYKISHAN ~<\ CHARTERED ACCOUNTANTS Suite # 20, 2E & 2F 12, Ho-chi-minh Sarani, Kolkata - 700 071 Ill : (033) 4003-580 1, Fax : (033) 4003-5832 E-mai l : info @sjaykis han.com Indep end e nt S tatutor y Auditor's Ce rtificat e. for asset cover in r es pec t listed d e bt securiti es of NHPC Limited I. We understand that NHPC Limited ("the Company") having its registered office at NHPC Office Complex, Sector-33, Faridabad, Haryana- 121003 is required to obtain a certificate with respect to book values of the assets provided as security in respect listed debt securities of NHPC Limited as at 30'h September 2026 and compliance with respect to covenants of the listed debt securities for quarter ended 30th September 2026 in terms of Requirement of Regulation 54 read with regulation 56(1)(d) of SEB! (LODR) Regulations,2015 as amended ("LODR Regulations") and SEBl (Debenture Trustees) Regulations, 1993 as amended ("OT Regulations")- Management's R espon sibilit y 2. The Company's Management is responsible for ensuring that the Company complies with the LODR Regulations and OT Regulations. Further, the Company is also responsible to comply with the requirements of Bond Trust Deed executed with respective Bond trustee. Auditor's Responsibility 3. Our responsibility is to ce11ify the book values (Net Block) of the assets provided as security in respect of I isted debt securities of the Company as at 30th September 2026 based on the financial statements and compliance with respect to covenants of the listed debt securities for the quarter ended 30th September 2026 as specified in SEBI Circular No. SEBI!HO/DDHS-PoD-J/P/CIR/2025/117 dt 13th August 2025. 4. We conducted our examination in accordance with the Guidance Note on Reports or Ce11ificates for Special Purposes issued by the Institute of Cha11ered Accountants of India. The Guidance Note requires that we comply with the ethical requirements of the Code of Ethics issued by the Institute of Chartered Accountants of India. · 5. We have complied with the relevant applicable requirements of the Standard on Quality Control (SQC), Quality controls for f irms that Perform Audits and Reviews of Historical Financial Information, and Other Assurance and Related Service Engagements. 6. We have no responsibility to update this certificate for events and circumstances occurring after the date of this certificate. Opinion 7. Based on examination of books of accounts and other relevant records/documents as provided to us by the Company's management, we are of the opinion that: · a) Book values of the asse ts provided as secu rity in respect of listed debt securiti es of the Compan y as at 30th Septe mber 2026 is as under: Particulars of Assets provided as Sec urit y Chamera-ll Power Station Chamera-III Power Station Rs. in C.-o.-c Total Book Value (Net Block) (Property ·Plant & Equipment a nd Cap ital Work-in-Proor ess (PPE +C WIP 749.86 825.07 v Page 1
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Tota l Book Va lu e (Net Block) Parti c ula rs of Asse ts pro vided as Sec uri ty (Prope rty Pla nt & Equipme n t a nd Capi ta l W ork-in- P rogress)(PPE +CWIP) Parbat i-11 Power Station 12 179.95 Pa rbati-III Power Station 1172.00 Dhau liganga Power Stat ion 434 .25 Teesta Low Dam Power Station- Ill * 745 .63 Tees ta-V Powe r Station 1363.39 Uri -I Power Station 1133.40 Dulhas ti Powe r Station (Movab le) 824 .30 Kishanganga Powe r Stat ion (Movable) 813 .72 _Subansiri Lower HE Proj ect(Mo vable) 4, 117.50 Total Book Va lu e 24,359 .07 *Assets shown in the boo ks of accou nts as lease rent .-eceivab le und er Financia l Assets -Other s. b) Co mpli a n ce of covena nts of th e lis te d de bt sec u r iti es We have exam ined the comp liances made. by the NHPC Limited in respec t of covenants of the listed debt securities (NCD's) and certify that all such covena nts/terms of the issue have been comp lied by the NHPC Limited for the quait er ended 301h September 2026. 8. The above cert ificate has been given on the basis of in formation pro vided by the mana gement and the record s produ ced befo re us for verification. R estr iction o n Use 9. Thi s certifi cate has been issued to the mana gement of NHPC Limited to comply with requirements of LODR Regulations. Our certi ficate shou ld not be used for any other purpose or by any perso n other tha n the Compan y. Acc ordin gly, we do not acce pt or ass ume any liab ility or duty of care to any other person to whom this certificat e is shown or into whose hand s it may come save whe re express ly agreed by our pri or consent in writin g. For Mis S Jayk ish a n Cha r ter e d Acco un ta nts (FRN: 30900SE) ~~~ CA Ritesh Aga rwa l Pa rtner Membe rship No: 062410 UDIN : 2~ ob 2..'110 TSTRC.L-C\of\2. Place : Faridabad Dat e: 04111 Nove mber 2026 Pa ge 2 of 2
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Annexure I- Format of Security Cover To, IDBI Truste eship Compan y Limited Pleas e find below Securitv Cover Ce rtificate as on 30.09. 2026 as oer for mat so ecified vide SEBI Circular No. H0/17/11/12(2)2026-DDHS- PODl/l/2 2420/2026, dt Seo te mber 28th, 2026 !Rs in Crl Colum n A Column B Coiu mnC h) Column 0 Column E Column F Coh1mn G Co l umn H Colu mn H I Col1,,1mn l Column J ColumnK Columnl (II) Oli ) (iv) M {vi) (v11) Column M Column N Colu mnO '- Debi not backed by any assets Oescripllon ol asset Asse ts nol offered as Elimination E11clu s1ve Exclus ive Pari- Passu Pan -Pas sv Pari-P.:issu secur ity(Ct ause (Total Partic ulars tor w hich this offere d as (amount in Relate d to only those 11ems covcr<!d by this cert1h cat e ce r!tl1cate rela le Charge Charge Char ge Charg e Charge Se curtly 1.9 of SEBI OT negallv e) C to H) maste r Circu lar dated Augu s t 13, 2025 . As sets shar ed by deb I Carrytng / book value .lmount Market for exclusive charge Carrying value/book pan passu debt Other asset s on Debt tor considered Value lor as s ets where mar kel value tor pari passu which lh1s Olher Debt for which holder (includes which th ere is more than Assets value 1s not charge asseis where debt for which pan-Passu Market Value certihca1e Secu red lh1s cer1ihcate once (due cha rged ascerta inable or for Pan passu markel value 1s not Total Value this certificate is charge (excluding asce rtainable or (•K+l •M+N) being Debt being issued to exclusive on app licable (For Eg. charge Assets issu ed & other Items covered in applrcable (For Eg. Bank iss ued deb1 with pari- column F') plus pan Exc.lus1ve Bank Balan ce, OS RA passu basis market value is nol Balance, OSRA market passu charge) charge) applicable) value 1s not appllcab te) R " l"I'" 10 Colum11 F ·~· Book Yo/ Book ·~· V.tl u" \161U\' No \l.olue v .. tu" ASS ETS Prooert v Plant and Eau iomen t 19903.32 26921.11 0.00 4682U3 19903.32 19903.32 Cao ital Work - in - Proar es s 338.25 20431.36 0.00 20769.61 338.25 338.25 Rioht of Use Assets 2919.75 2919.75 Goodw ill 0.00 0.00 lntana ible Assets 53.87 53.87 Intang ible Assets under Oeve looment 180.00 180.00 Investments 6418.91 6418.91 Loans 1389.96 1389.96 Inventor ies PPE and CWIP of 283.57 283.57 Trade Rece ivab les Uri -I Power 3929.10 3929.10 Stat ion, Chame ra-11 Cash and Cash Enu ivalents Pow er 2~ 6 4 .0 1 2464.01 Bank Balance s othe r than Ca s h Stat ion.Teesta - V and Cas h Power S tation. Eouivale nts TLDP - 111 Power 328.63 328.63 Others Sta tion,P a rbat i- 11 19630.34 19630.34 Total HE Proje ct,Dhu atigang 20241.57 47352.47 37598.14 105192.18 202n5 7 20241.57 LIABILITIES a Power Debt sec ur ities to wh ich this S tation,Ch amer a-111 cert ificate pertains Power 6593.42 6593.42 6593.42 6593.42 S tat ion, Oul hast i Pow er S tation , Oth er debt sha ri ng pari -passu Par bat i- 111 Pow er cha rae with above debt St ati on and 3 314.~3 10233.5 0 13547.93 3314.43 3314.43 Other Debt Kisha nga nga Pow er 23586.04 23586.04 Sub or dinate d debt Station 3895 .27 3895.27 Bor ro wings 0.00 Bank 0.00 Deb t Secu rities 0.00 Othe rs 0.00 Trade pavab les 392.43 392.43 Leas e Liab ilities 83.36 83.36 Prov isions 1761.47 1761.47 Others 13056.51 13056.51 Total 9907.85 10233.5 42775.08 62916.43 9907.85 9907.85 Co ver on Book Va luem 2.04 2.04 2.04 Cover o n Market Va lue Excl us1v• Pari-Pass u S.c unly Secun ly Co ver Ra llo Cover Ratio - 2.45 1) Cover on book value 1s catc ul;>led based oil outstand ing value ol correspending debts while Se curity cover ra110 is calculate d based on outs tand ing value of corres pending debts plus 1nteresl accrued but not due on the same. 11) Jus tiricat1on !or nol prov1d1ng Markel Value for lhe reported quane r: As tolal value of PPE CWIP of Power S1at1on (s)/Proiect ( . mpris mg ol thousands of Individual ass ets integrally tacilital 1ng generation of powe r as a whole have been offered as sec urity, book value as at quarter end has been considered as ta1r value. ~ (Gajender Aggarwal) Dy. Gener al Manager(F)-DF S R.c.0¥~ (Rajee v Saxena) Sr.Manager(F ) - DFS
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To. SBICAP Trus1ee Comoanv Limited Please llnd belo w Securllv Cover Certificate as on 30.09.2026 as oer forma l soecif ied vlde SEBI Circular No. H0/17/11/12(2)2026- 00HS-POOl/l/22420/ 2026. dt Seolember 281h. 2026 Column .l Co lumns ColumftC (!) CotvmnD Column E Co h1mn F Coh1mn G Col wrnn H Col umn H I Column I ColwmnJ Cot ... mn IC (u) (111) (1v) M (1111) (vn) Oebt not backed by any asset s Description of asset tor A ssets not ollered as El1m1nation Part iculars which this cer1itlca1e £11c1us1ve E1tCIUSl'll! Par1·Passu Pan-Passu Pari-Pusu ottered as secun1y( Clause (amount in (Total Charg e Charge Charg e Ch.irge Charge 1.9 ol SEBI OT Clo H) relate Secunty master Circu lar negahve) dated August 13, 2025. Assets shared debt amoun t Marke l by pari passu Other assets on cons idered Value Debt for Debt for debt holder which there Is more than for which this Other (includes debt pari-?assu w hich this once (due Assets cer tificate Secured for which this charge certificate to charged being Debi certllkate Is (excluding being Issued exclus ive on Issued Issued & other Items covered plus pari Exclus lv debt with par l- In column F) passu charge) passu e basis cha rge) .... .... Vo / .... ... . , .. _ , .. _ No ... _ \tM1ioor ASSETS Prooertv .Plant and Eouloment 16986.6' 29837.79 0 .00 46824 .43 Caoilal Work - in- Prooress 1616.21 19153.40 0 .00 20769.61 Ria ht or Use Assets 2919.75 2919.75 Goodwlll 0.00 0.00 lntan oible Assels 53.87 53.87 Intangible Assets under Oevelo oment 180.00 180.00 Investments 6418.91 6418.91 Loans 1389.96 1389.96 Inventories 283.57 283.57 Trade Receivables 3929.10 3929.tO Cash and Cash Eauivalents 2464.01 2,64.01 Bank Bal ances other lhan Cash and Cash Eauivalen ls PPE and CWIP of Uri-I 328.63 328 .63 Olhers Power Station, Parbatl-11 19630.34 19630.3' Total HE Projecl, Parbatl-lll 18602.85 ,8991.19 37598 .1' 105192.18 Power Sl at ion and LIABILITIES Subanslri Lower HE Debt securi ties lo which th is Project cer tificate oertains 2610.2' 2610.24 Other debt sharing pari-passu charae w ith above debt 7'33 .67 10097.44 17531.11 Other Debt 23586.04 23586 .04 Subordinated debt 3895.27 3895.27 Borrowinas 0.00 Bank 0.00 Debt Securities 0.00 Others 0.00 Trade oavabtes 392.43 392.43 Lease Liabilities 83.36 83.36 Provisions 176U7 1761.47 Others 13056 .51 13056.51 Total 100'3.91 10097.U 0.00 42775.08 62916.43 Cover on Book Value Cil 1.85 Cover on Market Value E•ch1~1v• SH•mlt P•n- P•SSu Cov., S.cur1ty R•Uo Cover R•l•o - , .13 1) Cover on book value 1s catculaled based on ou1s1andtng value ol corrupending debts while Secunty co\ter ra110 1s calculaled bHed on outsuindlng value of corr espend ing debls plus mteres1 acc rued but not due on ltte samt' . 11) Jus 11f1ca11on tor no! prov 1d1ng Markel Value lor lhe report ed quarter : As lot al \talue ol PPE an considered as ta1r value . (Uma Kant Ra i) Gr. Senior Manager(F) ~~ (Rajeev Saxe na) Sr.Manager(F)-OFS Anne)(ure I· Formal of Secur itv Cover fAt ,,. Cr l , · Columnl ColumnM Ccilumn H CotumnO Related to only those items covered by this certUi cat e Carrying /book value for exclus ive Carrying value / book value fo r parl passu charge assets where marke t charge assets where value Is not Mark et Value market value ls not Tota l Value for Parl passu ascerta inable or ascertainable or (•K•L•M•N) cha rge Assets applicab le (For Eg. applicable (For Eg. Bank Balance, Bank Balance , OSRA market va lue Is nol OSRA market value applicable) Is no1 app licabl e) Rel~1- 10 C•h>m11 ~ 16986.6' 16986.64 1616.21 1616.21 18602.85 18602.8 5 2610.2, 2610.24 7433.67 7'33 .67 100'3 .91 100, 3.91 1.85 1.85
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NHPC Limited (A Government of India Navratna Enterprise) CIN: L40101 HR1975GOI032564 f<ttl ~'lfTTI ,Finance Division Domestic Finance Section lF1 Qi1c1M1 JftflITTl ~. ~-33, lfi:ft<;tiiil<; (~)- 12 1 003 Nl-IPC Office Complex, Sector-33, Faridabad (l-laryana)- 12 1003 ~/P hone: 0129-2250591 {lta/Email: nhpcbondsection@nhpc.nic.in, Other information- Integrat ed Filin g (Financial) For the quarter and year ended 30° 1 September 2~26 S. No. Requir ement B. S tatement of Dev iation or Variati o n for Procee ds of Pub I ic Issue, Rig hts -· ... . [ss ue, Prefe rential Iss ue, Qu alified Instituti ons Placement.etc c. Di sclosure of outstandin g defa ult on loans and debt sec uriti es Stateme nt o n impa ct of Audit Qualifications (For Audit Report E. w ith Modifi ed Opini on) submitt ed a lo ng with annual audit ed finan c ial results-(Stand a lone and co nso lidated separate ly) (a ppli cable for annual filin g i.e. 4th Qtr) Place: Fa1J·id f bac1 Date : 4 JI at o..( Co ~ ~ wr ft~ l <Ri JIT<tJR Remarks An nexure-1 No defa ult hence Not A pplicab le Not App licab le e www.nhpcindia.com Jl@nhp cltd O @NHPC/ndiaLimit ed ~ nhp climit ed a NHPC Limit ed ml NHPC Limit ed
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NHPC Limited (A Governmen t of India Navralna Enterprise) CIN: L40101HR1 975GOI03 2564 NH/CO/F IN/D FS/2026 List ing Department , Nat iona l Stock Exchange of Ind ia Ltd., Exchange Plaza , C- 1, Block G, Bandra Kur la Comp lex, Bandra(E) Mumba i-400 05 l. fcIB ~'4fll ,Finance D1v1sion Domestic Finance Section lF1Qilcl1fil ~~. ~-33 , \1){1<:;1ai1c; (~)- 12 1003 NHPC Office Complex, Sector-33, Faridabad (Haryana)-121003 qiR;Phone: 0 !29-225059 1 ~/E mail : nhpcbondsection@nhpc.nic.in, An nex ure-1 Date: Corporate Relat ionship Depa rtment , BSE Limited, Rotunda Bui lding, P J Towers, Dala l Street, Fort, Mumbai -400 00 I . Sub: Com plia nce un de r 52(7) & 52(7 A) of the Sec u ri ties and Exc ha nge Board of Indi a ( Li sting O bligations · a nd Disclos ure Req ui re ments) Reg ulations, 2015 Purs uant to Regu lation 52(7) & 52(7 A) of the Sec urities and Exc hange Board of India (List ing Obligation s and Disc losure Requ irements) Regu lations , 20 15, stateme nt on uti lization of proceeds of Non-Convert ible Security and stateme nt of Deviat ion/ var iat ion (N il Report) for the Q uarter e nded 30.09.2026 is detailed be low: A. State ment of utilizat ion of iss ue procee ds: Na me ISIN Mod e of Ty pe L isted D ate of Amount Fu nd s A ny If 9 is Rem of th e Fun d of a t ra ising Ra ised Ut ilised dev iat yes, arks, Issuer Ra ising l nstru fu nds ( Rs. in (Rs. in i on the n if (Pu blic ment Cro re) C rore) (Yes/ specify a ny Iss ues/ No) the Private pur pose Placeme nt) of which th e fu nds we re utilized I 2 3 4 5 6 7 8 9 10 l l Funds raised throug h Non-Conver tible Sec urity during Quarter ended Sep-26 : N il B St t a em en t f 1·r 1 ·r 0 < evia ion va n a io n 111 use o f' iss ue proceec s: Particula rs Remarks Name of the I isted ent ity NHPC Limited ISlN Mod e of fund Rai sing Type of Instrument Date of raising funds Amo unt Rai sed Report filed for the qua11er ended Is the re a dev iation/variation in use of funds raised? Whether any approva l is requ ired to vary the objects of the Funds raised throug h Non-Co nvertible Secur ity durin g issue stated in the pro spect us/offer docu ment? If yes, details of the approva l so required? Quart er ended Sep-26 : Ni I Date of approva l Explanati on of dev iat ion/variation D\\ Co mments of the audit comm ittee after rev iew Comm ents of the auditor , if any / " ----' ";I\/ Qful ~ Cf5T fl ~ I Ck1 '3ITUR ~ - www.nhp cindia.com m @nhp cltd O @NHPC/ndiaLimited ~ nhpc/imit ed a NHPC Limited Im NHPC Limit ed 04.11.2026
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! ' NHPC Limited (A Government of India Navratna En terprise) CIN: L40101HR1975GOI032564 f<1t! ~'l.flTI ,Finance Division Domestic Finance Section l('1l(i141*11 ~~. ~-33. q>;ft<;J"llC: (~)-1 2 1 003 NI IPC Office Complex, Sector-33, Faridabad (Haryana)-1 21003 Q5'R/Phone: 0129-2250591 ~/Em a i l : nhpcbondsection@nhpc.nic. in, Objects for which funds hav e been raised and wher e there has been a deviation /variation , in the following table: ISIN Original Modified Origin al Modifi ed Funds Amount of Remark s, if any object object, if Allocation allo cation utilized deviation /va any , if any riation (in Rs. C rore and in % ) N.A. Dev iation could mean: a. Dev iation in the objects or pur poses for which the fund s have been ra ised . b. Dev iation in the amount of fun ds actuall y utili zed as aga inst what was origina lly d isclose d. K indl y take the sa me on yo ur reco rds. Yo urs faith fully, c t opy o: ITSL Trustees hip SB ICAP T rustee Co mpany Ltd., Beaco n T rusteesh ip Ltd. Company Limit ed, Apeejay House, 6th floor, West SW Fift h Floor Gro und Floo r, Un iversal Wing, 3, Dinshaw Wac hha T he Metropo litan E Block, Sa ndra In surance Bui ld ing, Road, Chur chga te, Kurla Co mplex, Sandra East Sir Phi roz shah Mehta Rd , Fort , Mumbai, Mahara shtra- 4000 20 Mum bai Mum ba i, Ma hara shtra 40000 1. Maharashtra -40005 l Wd ~ 'CPT fi ~I <R1 '31TWX e www.nhpcindia.co m £i@nhpcltd O @NHPClndiaLimit ed ~nhp climited a NHPC Limited lm NHPC Limited