Jaiprakash Associates Limited has informed the Exchange about Corporate Insolvency Resolution Process-Intimation under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 Pronouncement of Order dated March 17, 2026 under Section 31 of the Insolvency and Bankruptcy Code, 2016 approving resolution plan for Jaiprakash Associates Limited ( Corporate Debtor ) by the Hon ble National Company Law Tribunal, Allahabad Bench ( Hon ble NCLT ).

The National Company Law Tribunal (NCLT), Allahabad Bench has orally pronounced an order on March 17, 2026 approving the resolution plan submitted by Adani Enterprises Limited for Jaiprakash Associates Limited under Section 31 of the Insolvency and Bankruptcy Code, 2016. As part of the approved plan, the company's equity shares, preference shares, and all convertible instruments will stand entirely cancelled and extinguished for zero consideration. The securities will be delisted from BSE and NSE, with the exit price for existing shareholders fixed at NIL. The written order is awaited and a detailed disclosure will follow. The Effective Date for cancellation is within 90 days of NCLT approval.