RPL Ind AS Consol Dec-23

ReNew Private Limited (formerly known as ReNew Power Private Limited)
Special purpose Unaudited Consolidated Balance Sheet as at 31 December 2023

(Amounts in INR millions, unless otherwise stated)
As at As at
Notes 31 December 2023 31 March 2023
Assets
Non-current assets
Property,
Property, plantequipment
plant and and equipment 1 4,61,806 4,21,652
Capital
Capital
work inwork
progress
in progress 1 1,73,479 1,06,966
Goodwill
Goodwill 2 11,583 11,583
Otherassets
Intangible intangible assets 2 25,938 26,848
Intangible
Intangible assetsassets
under under development
development 2 106 151
Right Right
of Useof use assets 3 11,410 10,631
Investment
Investmentsin Equity 2,882 3,007
Financial
Financial assetsassets
Derivative Derivative
instruments_NCA
instruments 9 3,824 4,216
Trade receivable-
Trade receivables
non current 5 10,034 9,072
Loans Loans 4 0 55
Others Others 4 2,684 2,202
Deferred
Deferred
tax assets
tax assets
(net) (net) 8,432 4,853
Prepayments
Prepayments 6 1,098 786
Non-current
Non-current tax assets
tax assets (net) (net) 6,489 5,775
Contract
Contract assets
assets_NC 50 10,243 7,139
Other Other non-current
non-current assetsassets 7 9,628 11,122
Total
Interest non-current
accrued- assets
non current 7,39,636 6,26,058
Current assets
Inventories
Inventories 8 1,770 1,195
Financial assets
InvestmentsInvestments 4 0 460
instruments_ca
instruments 9 1,460 2,115
Trade receivables
Trade receivables 5 13,513 21,615
Cash and cash
Cashequivalent
and cash equivalent 10 53,998 36,388
Bank balances
Bankother
balances
than cash
otherand
thancash
cashequivalent
and cash equivalent 10 55,903 37,664
Loan_Current
Loans 4 487 -
Other current
Othersfinancial assets 4 3,278 4,368
Prepayments_Current
Prepayments 6 1,970 1,207
rrent Contract assets 50 1,198 572
Other Other
currentcurrent
assetsassets 7 3,777 2,203
Total current assets 1,37,355 1,07,787
Assets
Assets
held for
heldsale
for sale 11 - 64
Total assets 8,76,991 7,33,909
Equity and liabilities
Equity
EquityEquity
share share
capitalcapital 10 4,791 4,791
Other Other
equityequity
Securities premium
Share premium 1,27,415 1,27,415
Capital reserve
Capital Reserve 12B (30) (287)
Debenture Debenture
Redemption redemption
Reserve reserve 12C 1,853 1,360
Hedging reserve
Hedge reserve 12D (1,929) (917)
Equity component
Equity component
of ESOP of share based payments 12E - -
Foreign currency
Foreigntranslation
currency translation
reserve reserve 12F 7 (2)
Retained earnings
Retained earnings / (losses) 12G (13,128) (20,054)
Defined benefit
Equity obligation reserve
attributable to owners of the parent 1,18,977 1,12,306
Minority Interest
Non-controlling interests 12,342 7,606
Total equity 1,31,319 1,19,912
Special purpose Unaudited Consolidated Balance Sheet as at 31 December 2023
As at As at
Notes 31 December 2023 31 March 2023
Non-current liabilities
LeaseFinancial
Liability_Regional
liabilities office
Long-term Borrowings
borrowings 11 5,36,519 4,69,536
Lease liability-non current
Lease liabilities 12 6,253 5,471
instruments_NCL
instruments 18 247 521
Others_nonOthers
current_financial liabilities 19 1,876 1,735
Deferred
Deferred
Governement
government Grant_Non
grant Current 13 195 203
Long-Term
Provisions
Provisions 14 19,638 17,113
Deferred
Deferred
tax liabilities
tax liabilities
(net) (net) 18,381 13,288
Other Other
non-current
non-current
liabilities
liabilities 15 0 3
Total non-current liabilities 5,83,109 5,07,870
Current liabilities
Financial liabilities
Short term Borrowings
borrowings 16 1,01,546 54,906
Lease liability-current
Lease liabilities 12 687 688
Trade payables
Trade payables 17
Total outstanding dues to micro enterprises and small enterprises - 101
Total outstanding dues of creditors other than micro enterprises and 7,146 5,807
small enterprises
instruments_cl
instruments 18 525 344
Other current
Other
financial
currentliabilities
financial liabilities 19 50,326 39,601
Deferred
Deferred
Governement
governmentGrant_Current
grant 13 11 11
Other Other
Current Liabilities
current liabilities 20 544 4,114
Short Provisions
term Provisions 21 349 271
Current
Current
tax liabilities
tax liabilities
(net) (net) 1,430 284
Total current liabilities 1,62,564 1,06,127
Liabilities held for
Liabilities sale associated with the assets held for sale
directly 22 - -
Total liabilities 7,45,672 6,13,997
Total equity and liabilities 8,76,992 7,33,909

Special purpose Unaudited Consolidated Statement of Profit or Loss for the period ended 31 December 2023
For the period ended

Notes 31 December 2023 31 December 2022
Income
Revenue
Revenuefrom operations 22 63,207 54,916
Late payment surcharge from customers 857 1,097
Other
Other
Income
income 23 7,923 6,568
Total income (i) 71,987 62,581
Cost of Goods sold

Expenses
Cost
Cost
of of
rawraw
material
materialand
and
components
components
consumed
consumed 2,744 46
Employee
Employee benefits
benefits
expense
expense 24 2,324 1,879
Other
Other
Expenses
expenses 25 9,582 8,655
Total expenses (ii) 14,650 10,580
Earning before interest, tax, depreciation and amortisation (i) - (ii) 57,337 52,001
Depreciation
Depreciation
andand
amortization
amortisation
expense
expense
(net) 26 12,699 11,538
Finance
Finance
Costs
costs 27 34,662 41,144
Profit before exceptional items, share of gain/ (loss) of jointly controlled entities and tax 9,976 (681)
Shareininjointly
Share gain/ (loss) of jointly
controlled controlled entities
entities (134) -
Profit before exceptional items and tax 9,840 (681)
ExceptionalItems
Exceptional items 355 -
Profit/(Loss) before tax 10,195 (681)
Tax expense
CurrentCurrent
tax tax 810 1,092
Deferred
Deferred
tax tax 1,723 2,277
Profit/(Loss) for the year (a) 7,663 (4,050)
Other comprehensive income
Other comprehensive income that may be reclassified to profit or loss in

Net gain / (loss) on cash flow hedges
Re-measurement
Net gain / (loss)
lossesononcash
defined
flow benefit
hedge reserve
plans (1,382) 889
Net gain / (loss) on cost of hedge reserve 56 -
Total net gain / (loss) on cash flow hedges (1,326) 889
Income tax effect 268 -

(1,058) 889
Re-measurement
Exchange differences
losses on
on defined
translation
benefit
of foreign
plans operations 9 49
9 49
Net other comprehensive loss that will be reclassified to profit or loss in (b) (1,049) 938
subsequent periods
Other comprehensive income that will not be reclassified to profit or loss in

Re-measurement gain/(loss) of defined benefit plan 3 (6)
Income tax effect (1) 1
Defined benefitcomprehensive
Net other obligation reserveloss not to be reclassified to profit or loss in (c) 2 (5)
subsequent periods
Other comprehensive income for the year, net of taxes (d) = (b) + (c) (1,047) 933
Total comprehensive gain/(loss) for the year, net of taxes (a) + (d) 6,616 (3,117)
Special purpose Unaudited Consolidated Statement of Profit or Loss for the period ended 31 December 2023

Notes 31 December 2023 31 December 2022
Loss attributable to:

Equity holders of the parent 7,457 (4,108)
Non-controlling interests 206 58
Special purpose Unaudited Consolidated Statement of Changes in Equity for the period ended 31 December 2023
Attributable to the equity holders of the Parent

Items of other comprehensive income
Reserves and Surplus
(OCI)
Contribution Debenture Non-Controlling
Particulars Equity share Foreign Total Equity
from Holding redemption Total Interests (NCI)
capital Securities Retained Capital Hedge currency
Company reserve
premium earnings / (losses) reserve reserve # translation
reserve
As at 1 April 2022 4,791 1,953 1,27,415 (17,073) 1,467 (175) (1,676) 7 1,16,709 3,666 1,20,375
Loss for the year - - - (4,108) - - - - (4,108) 58 (4,050)
Other comprehensive income / (loss) (net of taxes) - - - (5) - - 811 49 855 78 933
Total Comprehensive Income - - - (4,113) - - 811 49 (3,253) 136 (3,118)
Share based payment expense for the year - 704 - - - - - - 704 - 704
Shares and compulsory convertible debentures issued by
- - - - - - - - - 1,318 1,318
subsidiary
Acquisition of interest by non-controlling interest in subsidiaries - - - (18) - - - - (18) 18 -
Acquisition of interest from non controlling interest - - - - - 0 - - 0 (37) (37)
Transfer from debenture redemption reserve (net) - - - (193) 193 - - - - - -
As at 31 December 2022 4,791 2,657 1,27,415 (21,396) 1,659 (175) (865) 56 1,14,142 5,101 1,19,242
As at 1 April 2023 4,791 - 1,27,415 (20,054) 1,360 (287) (917) (2) 1,12,306 7,606 1,19,912
Profit for the year - - - 7,457 - - - - 7,457 206 7,663
Other comprehensive income / (loss) (net of taxes) - - - 2 - - (1,012) 9 (1,001) (46) (1,047)
Total Comprehensive Income - - - 7,459 - - (1,012) 9 6,456 160 6,616
Shares and compulsory convertible debentures issued by
- - - - - - - - - 4,674 4,674
subsidiary
Acquisition of interest by non-controlling interest in subsidiaries - - - (39) - - - - (39) 39 -
Acquisition of interest from non controlling interest - - - - - 256 - - 256 (137) 120
Transfer from debenture redemption reserve (net) - - - (494) 494 - - - - - -
As at 31 December 2023 4,791 - 1,27,415 (13,128) 1,853 (30) (1,929) 7 1,18,977 12,342 1,31,319
# includes cash flow hedge reserve and cost of hedge reserve
Notes to Special purpose Unaudited Consolidated Financial Results for the period ended 31 December 2023
As at As at
4 Investments
31 December 2023 31 March 2023
Financial assets at fair value through Profit and Loss
Investment in unquoted equity shares of entities

under joint control at equity method
412,00,050 (31 March 2023: 412,00,050) equity
386 406
shares in Fluence India ReNew JV Private Limited
660,827 (31 March 2023: 660,827) equity shares in
2,489 2,601
3E NV LLC
1,000,000 (31 March 2023: Nil) equity shares in
8 -
GH4India Private Limited
Less: impairment allowances on investment
Investment in unquoted equity shares of associate

entities at equity method
150 (31 March 2023: Nil) equity shares in ReNew
0 -
Green Projects Pte Ltd
Less: impairment allowances on investment
Non-current Investment
Investment in Equity
Total 2,882 3,007
Investment in Preference Share
These entities have been acquired by the Group during the current year. Refer note XX for details on business combination.
Aggregate amount of quoted investments along with

- -
market value thereof
Aggregate amount of unquoted investments 2,882 3,007
Aggregate amount of impairment in the value of
- -
investments
------------------------------------This space has been left blank intentionally----------------------------------------
As at As at
4 Financial assets
Non-current
Financial assets at amortised cost
Loans As at 31 December 2023 As at 31 March 2023
Considered good and unsecured

Loans_nca_TP
Loans to related parties - 55
Total 0 55
Financial assets _nca
Others Others
RemainingBank
maturity
deposits
forwith
moreremaining
than twelve
maturity
monthsfor more than twelve months (refer note 10) 1,489 1,003
Security Security
deposits deposits 374 301
DeferredDeferred
consideration
consideration
receivable
receivable 821 898
Interest accrued-
Total non current 2,684 2,202
Security Deposits ONCA_NC
Current (unsecured, considered good unless otherwise stated)
Financial assets at fair value through profit and loss
Investments
Quoted mutual funds:
Mutual funds 0 460
Investments
Totalat fair value through Profit and Loss 0 460
Aggregate book value of quoted investments 0 460

Aggregate market value of quoted investments 0 460
Financial assets at amortised cost
Loans
Considered good and unsecured
Loans and
Other
advances
loans and
to third
advanes
party 112 -
Total 487 -
Others
DeferredDeferred
consideration
consideration
receivable_CA
receivable 266 1,511
Advances Advances
recoverable
recoverable
in cash 700 700
Advances Advances
to relatedtoparties
related parties 217 224
Govt. Grant
Government
Receivable grant receivable
Generation- generation
based incentive
based receivable
incentive receivable 404 353
Interest accrued
Interest on
accrued
fixed on
deposits
fixed deposits 1,499 551
Security Security
Dep Rent_Current
deposits 72 54
Green/Carbon
CarbonCredit
creditReceivable
receivable 61 74
Others current
Othersfinancial assets 57 901
AccruedTotal
interest income - Others 3,278 4,368
As at As at
5 Trade receivables
Unsecured, considered good 25,149 32,042

Secured, considered good - -
Receivables which have significant increase in credit risk - -
Receivables - credit impaired - -
tful Debts_L 25,149 32,042
Less: Impairment allowances for bad and doubtful debts (1,602) (1,355)
Total 23,547 30,687
le- non current

Non-current 10,034 9,072
Current 13,513 21,615
As at As at
6 Prepayments
Non-current (unsecured, considered good unless otherwise stated)

_NC Prepaid expenses 1,098 786
Total 1,098 786
d_Acc Dep
Current Current (unsecured, considered good unless otherwise stated)
Prepaid expenses 1,970 1,207
ption premium_NC 1,970 1,207
As at As at
7 Other assets
ent assets Non-current (unsecured, considered good unless otherwise stated)
Others
ce_NC Capital advance 9,432 10,649
Advances recoverable 161 446
ble Balances with government authorities 35 27
Total 9,628 11,122
ssets Current (Unsecured, considered good unless otherwise stated)
verable inAdvances
cash or kind
recoverable 2,091 1,310
GovernmentBalances
authorities
with government authorities 1,683 859
Others 4 34
Total 3,777 2,203
As at As at
8 Inventories
& Spares Consumables and spares 1,770 1,195

Total 1,770 1,195
As at As at
9 Derivative instruments
Financial assets designated as a hedge instrument at fair value

Non-current
Cash flow hedges
ruments_NCA
Derivative instruments- hedge instruments 3,824 4,216
3,824 4,216
Current
Cash flow hedges
ruments_ca
Derivative instruments- hedge instruments 1,460 2,115
Total 1,460 2,115
As at As at
10 Cash and cash equivalents
Cash and cash equivalents

Cash and cheque on hand 1 1
Balance with bank

ounts - On current accounts 15,571 13,972
original maturity
- Deposits
of less
withthan
original
3 months
maturity of less than 3 months # 38,426 22,415
53,998 36,388
Bank balances other than cash and cash equivalents

Deposits with
turity for more
- Remaining
than 3 months
maturity
butfor< less
12 months
than twelve months # 55,903 37,664
- Remaining maturity for more than twelve months # 1,489 1,003
57,392 38,667
Less: amount disclosed under financial assets (others) (Note 4) (1,489) (1,003)
Total 55,903 37,664

11 Share capital
11A Authorised share capital Number of shares Amount
As at 1 April 2022 50,00,00,000 5,000

As at 1 April 2023 50,00,00,000 5,000
As at 31 December 2023 50,00,00,000 5,000
Compulsory convertible preference shares of INR 425 each (refer note 11) Number of shares Amount
As at 1 April 2022 6,00,00,000 25,500
As at 1 April 2023 6,00,00,000 25,500
As at 31 December 2023 6,00,00,000 25,500
Issued share capital Number of shares Amount
Equity shares of INR 10 each issued, subscribed and fully paid up

As at 1 April 2022 47,91,20,178 4,791
Equity share capital
As at 1 April 2023 47,91,20,178 4,791
Equity share capital
As at 31 December 2023 47,91,20,178 4,791
*During the year ended 31 March 2022, Series A compulsory convertible preference shares issued to certain existing shareholders were converted into equity shares
on 23 August 2021 as per its original terms. Consequently, amortised cost of compulsory convertible preference shares of INR 27,665 which was classified as
financial liability on the date of conversion was derecognised with recognition of issued capital amounting to INR 445 and share premium of INR 27,220.
Terms/rights attached to equity shares
The Company have only one class of equity shares having par value of INR 10 per share. Each holder of equity shares is entitled to one vote per share. If declared,
the Group will declare and pay dividends in Indian rupees.
In the event of liquidation of a Group, the holders of equity shares of such Group will be entitled to receive remaining assets of the Group, after distribution of all
preferential amounts. The distribution will be in proportion to the number of equity shares held by the shareholders of the Group.
The equity shares were redeemable at the option of the holders till 23 August 2021 and therefore, were considered a puttable instrument in accordance with Ind AS
32. Puttable instruments are required to be accounted for as financial liabilities, except where certain conditions are met in accordance with Ind AS 32, in which
case, the puttable instruments may be presented as equity. The equity shares meet the conditions of Ind AS 32 and are, therefore, classified and accounted for as
equity. Pursuant to the BCA (refer Note 2), ReNew Energy Global Plc acquired 90% of shareholding of the Company from its existing shareholders and
consequently, ReNew Energy Global plc became the Holding Company of the Company. Consequently, redemption option available to equity shareholders ceased
to exist and accordingly these instruments became equity instruments in accordance with Ind AS 32. As at March 31, 2023, ReNew Energy Global Plc holds 93%
shareholding in the Company.
Certain shareholders have an arrangement with the Holding Company to put shares held by them in the Company for cash at fair value or fixed number of equity
shares of the Holding Company at time of exercise of put option. The Company does not have any obligation with regard to these shares.
11B Details of shareholders holding more than 5% shares in the Company

As at 31 December 2023 As at 1 April 2023
Number % Holding Number % Holding
ReNew Global Energy Plc 44,78,73,967 93.48% 44,78,73,967 93.48%
As per the records of the Company, including its register of shareholders/members the above shareholding represents both legal and beneficial ownerships of shares.
11C No shares have been allotted without payment of cash or by way of bonus shares during the year of five years immediately preceding the balance sheet date.
12 Other equity
12A Securities premium
As at 1 April 2022 1,27,415
Security Premium
As at 1 April
on Equity
2023 1,27,415
Share premium
As at 31 December 2023 1,27,415
Nature and purpose
Securities premium reserve is used to record the premium on issue of shares. The reserve can be utilised only for limited purposes such as issuance of bonus shares
in accordance with the provisions of the Companies Act, 2013.
12B Capital reserve

As at 1 April 2022 (175)
Utilised on acquisition of non-controlling interest (112)
Capital Reserve
As at 1 April 2023 (287)
Acquisition of interest from non controlling interest 256
Capital Reserve
As at 31 December 2023 (30)
Nature and purpose

Capital reserve represents bargain purchase gain on business combinations recognised. It also includes adjustments recognised directly in equity pertaining to
changes in the proportion held by non-controlling interests i.e., difference between the amount by which the non-controlling interests adjusted and the fair value of
the consideration paid or received.
12C Debenture redemption reserve

As at 1 April 2022 1,467
Debenture redemption reserve created during the year (ent) (107)
DebentureAsRedemption
at 1 April 2023
Reserve 1,360
Debenture redemption reserve created during the period 494
DebentureAsRedemption
at 31 December
Reserve
2023 1,853
Nature and purpose
As per the Companies Act, Debenture Redemption Reserve (DRR) is a reserve required to be maintained by the Companies that have issued debentures. The
purpose of this reserve is to minimise the risk of default on repayment of debentures as this reserve ensures availability of funds for meeting obligations towards
debenture-holders.
As per amendments in Companies (Share capital and Debentures) Rules, 2014 the requirement of listed Companies to create Debenture redemption reserve has
been removed.
12D Hedge reserve

As at 1 April 2022 (1,676)
OCI for the year 861
Attributable to non-controlling interests (refer note 44) (102)
Hedging reserve
As at 1 April 2023 (917)
OCI for the period (1,058)
Attributable to non-controlling interests (refer note 44) 46
Hedging reserve
As at 31 December 2023 (1,929)
Nature and purpose

The Group uses hedging instruments as part of its management of foreign currency risk and interest rate risk associated on borrowings. For hedging foreign
currency and interest rate risk, the Group uses foreign currency forward contracts, cross currency swaps (CCS), call spreads, foreign currency option contracts and
interest rate swaps (IRS). To the extent these hedges are effective, the change in fair value of the hedging instrument is recognised in the cash flow hedging reserve.
Amounts recognised in the cash flow hedging reserve is reclassified to the statement of profit or loss when the hedged item affects profit or loss (example: interest
payments).
12E Contribution from Holding Company

As at 1 April 2022 1,953
Expense for the year 888
Amount paid to Holding Company against stock option (1,865)
Transferred to payable to holding Company (976)
As at 1 April 2023 -
Expense for the year -
Amount paid to Holding Company against stock option -
Transferred to payable to holding Company -
Equity component
As at 31 December
of ESOP 2023 -
Nature and purpose

The Company's certain members of senior management and employees are awarded options under Holding Company Stock Option Plans and Incentive Plan (refer
Note 40). The Contribution from Holding Company is used to recognise the grant date fair value of options issued to employees. The Contribution from Holding
Company represents in substance equity contributions by the Holding Company.
On January 30, 2023, the Holding Company has entered into a cross charge agreement with the Company, wherein the ESOP Cost that is incurred by the Company
in relation to stock option grants given to the employees of Company i.e., the Participant’s exercise of their Option under the Plan, shall be paid to the Holding
Company by the Company on an annual basis. In accordance with the same, the Company has reflected the equity settled share based payment as 'Payable to
Holding Company against stock option' as at March 31, 2023. During the current year, the Company have paid INR 1,865 against the said transaction to the Holding
Company.
12F Foreign currency translation reserve

As at 1 April 2022 7
Exchange differences on translation of foreign operations (9)
As at 1 April 2023 (2)
Exchange differences on translation of foreign operations 9
Foreign currency
As at 31translation
Decemberreserve
2023 7
Nature and purpose
Exchange differences arising on translation of the foreign operations are recognised in other comprehensive income as described in accounting policy and
accumulated in a separate reserve within equity. The cumulative amount is reclassified to profit or loss when the foreign operation is disposed-off.
12G Retained earnings / (losses)

As at 1 April 2022 (17,073)
Loss for the year (3,059)
Re-measurement losses on defined benefit plans (net of tax) 2
Acquisition of interest from non controlling interest (refer note 54) (31)
Debenture redemption reserve created during the year 107
Retained As
earnings
at 1 April 2023 (20,054)
Defined benefit
Profit/(Loss)
obligation
for the
reserve
period 7,457
Re-measurement losses on defined benefit plans (net of tax) 2
Forfeiture of vested options -
Repurchase of vested stock options -
Acquisition of interest by non controlling interest (39)
Acquisition of interest from non controlling interest -
Debenture redemption reserve created during the period (494)
Retained As
earnings
at 31 December 2023 (13,128)
Nature and purpose

Retained earnings are the profits/(loss) that the Group has earned/incurred till date, less any transfers to general reserve, dividends or other distributions paid to
shareholders. It is a free reserve available to the Group and eligible for distribution to shareholders, in case where it is having positive balance representing net
earnings till date.

Non-current Current
11 Long-term borrowings As at As at As at As at
31 December 2023 31 March 2023 31 December 2023 31 March 2023
Debentures
- Non convertible debentures (secured) 66,283 70,888 28,596 741
- Compulsorily convertible debentures (unsecured) 18,293 16,999 - -
- Optionally convertible debentures (unsecured) 2,182 - - -
Term loan from bank (secured) 1,50,231 1,02,702 7,015 3,499
Unlisted redeemable,
Term loannonfromcumulative
financial and
institutions
non convertible
(secured)debentures (secured) 1,93,672 1,74,350 12,708 10,200
Senior secured notes 1,03,614 1,02,344 - -
Loan from related party (unsecured) 2,234 2,252 - -
Total
Other current long-term
financial borrowings
liabilities 5,36,519 4,69,536 47,861 14,439
Short term borrowings
Unamortised Amount
ancillary
disclosed
borrowing
undercost
the head -Short-term borrowings - - (47,861) (14,439)
Current maturities
Net long-term
of long term
borrowings
borrowings 5,36,519 4,69,536 - -
As at As at
12 Lease liabilities
Non-current
urrent Lease liabilities 6,253 5,471
6,253 5,471
Current
Lease liabilities 687 688
Total 687 688
As at As at
13 Deferred government grant
grant_clOpening balance 214 226

Adjustment during the year/period (0) (1)
Released to the statement of profit or loss (8) (11)
Total 205 214
grant_clCurrent 11 11
grant_ncl
Non-current 195 203
205 214
As at As at
14 Long-term provisions
Provision for gratuity 238 207

Provision
issioning costs for decommissioning costs 19,400 16,906
Total 19,638 17,113
abilities
As at As at
15 Other non-current liabilities
serve (IND AS)
mponentDeferred revenue
(Liability)_NC 0 3
Total 0 3
As at As at
16 Short term borrowings
nd loan Working capital term loan (secured) 8,886 13,541

Acceptances (secured) 36,731 24,426
Buyer's / supplier's credit (secured) 5,519 -
Loan from related party (unsecured) 49 -
Term loan from Banks 2,500 2,500
ong termCurrent maturities of long term borrowings (refer note 11)*
borrowings 47,861 14,439
Total 1,01,546 54,906
As at As at
17 Trade payables
Current
-Total outstanding dues to micro enterprises and small enterprises - 101
-Total outstanding dues of creditors other than micro enterprises and small enterprises 7,146 5,807
Total 7,146 5,908
As at As at
18 Derivative instruments
Financial liabilities designated as a hedge instrument at fair value

Non-current
Cash flow hedges
s_NCL Derivative instruments - hedge instruments 247 521
247 521
Current
Cash flow hedges
s_cl Derivative instruments - hedge instruments 525 344
s - Liab Total 525 344
As at As at
19 Financial liabilities
Non Current
Financial liabilities at amortised cost
Liability
serve (IND AS)-nonfor operation
current and maintenance 1,876 1,735
1,876 1,735
Current
Financial liabilities at amortised cost

l liabilities
borrowing cost
Others
serve (INDLiability
AS) for operation and maintenance 275 299
ot due onInterest accrued but not due on borrowings
borrowings 3,357 1,970
ot due onInterest accrued but not due on debentures
debentures 2,276 1,195
ems Capital creditors 42,166 33,480
n payable Purchase consideration payable 643 1,681
Payable to Holding Company 1,610 976
roposed Total
preference dividend 50,326 39,601
As at As at
20 Other current liabilities
Advance from customers 9 -

inst saleAdvance
of assetsreceived against sale of assets - 64
Other payables
TDS payable 492 3,344
GST payable (18) 654
ESI payable 5 3
payable Labour welfare fund payable 3 4
Provident fund payable 53 45
Total 544 4,114
As at As at
21 Short term provisions
Provision for gratuity 24 24

Provision for compensated absences
ncashment 325 247
Total 349 271

22 Revenue 31 December 2023 31 December 2022
Income from contracts with customers
Sale of power 59,724 54,819

gineeringIncome
,Procurement
from engineering,
and Construction
procurement
serviceand construction service 25 30
Transmission line projects 3,225 -
d maintainence
Sale of services - operation and maintenance services 19 (0)
Sale of services - consultancy 49 51
sale of ReNewable
Income from energy
sale of
certificates
renewable energy certificates 165 16
Revenue from contracts with customers 63,207 54,916

23 Other income 31 December 2023 31 December 2022
Recurring other income:

Interest income accounted at amortised cost
sit with -banks
on fixed deposit with banks 3,185 1,435
me on SGD - on safeguard duty recoverable 98 99
- others 12 27
Government grant -
GBI - generation based incentive 1,598 1,652
- viability gap funding 8 8
-Carbon Credit
- carbon Credit 506 663
sale of Green
- green
credits
Credit 233 259
n for lossCompensation
of revenue for loss of revenue 588 205
Income from leases 49 50
of fixedGain
assetson on sale of fixed assets 0 2
Insurance claim 302 311
of mutual
Fairfund
value change of mutual fund (including realised gain) 82 82
value changes
Gains on fair
derivatives
value changes
at FVTPL_FI
of financial instruments (other than hedge instruments) 23 142
x refundInterest income on income tax refund 81 41
financial
Unwinding
assets of financial assets 396 284
contractUnwinding
assets of contract assets 506 -
s IncomeMiscellaneous income 256 1,308
Total 7,923 6,568

24 Cost of raw material and components consumed 31 December 2023 31 December 2022
material and
Costcomponents
of raw material
consumed
and components consumed 2,744 46
Total 2,744 46

24 Employee benefits expense 31 December 2023 31 December 2022
es and bonus
Salaries, wages and bonus 1,942 1,342
o FundsContribution to provident and other funds 87 68
Share based payments 203 350
nse Gratuity expense 28 24
Expenses
Staff welfare expenses 65 95
Total 2,324 1,879

25 Other expenses 31 December 2023 31 December 2022
fessionalLegal
Feesand professional fees 844 909
cial Responsibility
Corporate social responsibility 162 120
d conveyance
Travelling and conveyance 389 376
Rent 33 32
mmissionDirector's commission 0 1
tationeryPrinting and stationery 4 4
value changes
Losses on fair
derivatives
value changes
at FVTPL_OE
in financial instruments# - 684
rivative Fair
(realised)
value -Other
loss onexpense
derivative (realised) - 0
Rates and taxes 879 208
munerationPayment to auditors 85 53
Insurance 747 727
d maintenance
Operation and maintenance 4,323 4,037
f Inventory
Impairment of Inventory 20 -
aintenance-others
Repair and maintenance 141 99
of asset Loss on sale/damage of property plant & equipment 2 -
nses Bidding expenses 16 22
nd SalesAdvertising
Promotion and sales promotion 80 86
in Progress
Impairment
written off
of capital work in progress 3 27
f CarbonImpairment
Credit of carbon credit 216 121
ges Security charges 408 328
on CostsCommunication costs 191 123
btful Debts
Impairment allowances for financial assets 587 329
s ExpensesMiscellaneous expenses 451 369
Total 9,582 8,655

26 Depreciation and amortisation expense 31 December 2023 31 December 2022
of tangible
Depreciation
assets of property, plant and equipment (refer note 1) 11,249 10,163
of intangible
Amortisation
assets of intangible assets (refer note 2) 1,114 1,093
Lease Land
Depreciation of right of use assets (refer note 3) 336 282
Lease building
Total 12,699 11,538
Transmission Line

27 Finance costs 31 December 2023 31 December 2022
of Ancillary
Interest
Borrowing
expense Costs
accounted at amortised cost
- term loans 17,269 11,944
an from related
- loanparty
from related party 120 386
- acceptance 51 245
er's credit - buyer's/supplier's credit 24 49
apital demand
- on loan
working capital demand loan 763 427
- non convertible debentures 6,404 5,887
CDs - liability component of compulsorily convertible debentures 1,096 77
CPS - liability component of redeemable non-cumulative preference shares - -
mmercial papers
- commercial papers - 102
otes - senior secured notes 3,523 7,710
erence as an-Exchange
adjustment
difference
to borrowing
as an adjustment
cost_FC to borrowing cost 1,270 7,776
ase Liability_HO
- lease liabilities 349 230
- others 19 25
Amortization of Option premium - -
ective portion
Loss on onineffective
hedges portion on hedges (net)
g. as an Foreign
adj. to borr.
exchange
cost loss (net) - -
Interest expense 30,888 34,859

Bank charges 555 575
Loss on account of modification of contactual cash flows (0) 1,265
discount
Unwinding
on provisions
of discount on provisions 976 715
value changes
Losses on fair
derivatives
value changes
at FVTPL_FC
on derivatives at FVTPL 492 1,353
value changes on derivatives at FVTPL_OE
um Amortised
Option(P&L)
premium amortisation 1,388 1,983
cost w/o-refinancing
Unamortised ancillary borrowing cost written off 362 395
ase Liability_HO_Lease
Total Land 34,662 41,144
ase Liability_RO
ange gain
28 Earnings per share (EPS) 31 December 2023 31 December 2022
The following reflects the profit and share data used for the basic and diluted EPS computations:
Loss attributable to equity holders for basic earnings 7,457 (4,108)
Interest expense on compulsory convertible preference shares - -
7,457 (4,108)
Loss attributable to equity holders of parent for basic and diluted EPS 7,457 (4,108)
Weighted average number of equity shares for calculating basic EPS 47,91,20,178 47,91,20,178
Basic and diluted loss per share (in INR)* 15.56 (8.57)
Loss attributable to equity holders of parent for diluted EPS 7,457 (4,108)
Weighted average number of equity shares for calculating diluted EPS 47,91,20,178 47,91,20,178
Diluted loss per share* (in INR) 15.56 (8.57)
No. of shares No. of shares

Weighted average number of equity shares in calculating basic & Diluted EPS 47,91,20,178 47,91,20,178

RPL Ind AS Consol Dec-23

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RPL Ind AS Consol Dec-23

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ReNew Private Limited (formerly known as ReNew Power Private Limited)

Special purpose Unaudited Consolidated Balance Sheet as at 31 December 2023

Equity and liabilities

Total equity and liabilities 8,76,992 7,33,909

For the period ended

Cost of Goods sold

Profit before exceptional items and tax 9,840 (681)

Profit/(Loss) before tax 10,195 (681)

Other comprehensive income

Other comprehensive income that may be reclassified to profit or loss in

Income tax effect 268 -

Other comprehensive income that will not be reclassified to profit or loss in

For the period ended

Loss attributable to:

Attributable to the equity holders of the Parent

Financial assets at fair value through Profit and Loss

Investment in unquoted equity shares of entities

Investment in unquoted equity shares of associate

Aggregate amount of quoted investments along with

------------------------------------This space has been left blank intentionally----------------------------------------

Financial assets at amortised cost

Loans As at 31 December 2023 As at 31 March 2023

Considered good and unsecured

Financial assets at fair value through profit and loss

Aggregate book value of quoted investments 0 460

Financial assets at amortised cost

Unsecured, considered good 25,149 32,042

le- non current

Non-current (unsecured, considered good unless otherwise stated)

ent assets Non-current (unsecured, considered good unless otherwise stated)

ssets Current (Unsecured, considered good unless otherwise stated)

& Spares Consumables and spares 1,770 1,195

Financial assets designated as a hedge instrument at fair value

Cash and cash equivalents

Balance with bank

Bank balances other than cash and cash equivalents

------------------------------------This space has been left blank intentionally----------------------------------------

11A Authorised share capital Number of shares Amount

As at 1 April 2022 50,00,00,000 5,000

Issued share capital Number of shares Amount

Equity shares of INR 10 each issued, subscribed and fully paid up

Terms/rights attached to equity shares

11B Details of shareholders holding more than 5% shares in the Company

ReNew Global Energy Plc 44,78,73,967 93.48% 44,78,73,967 93.48%

12B Capital reserve

Nature and purpose

12C Debenture redemption reserve

12D Hedge reserve

Nature and purpose

12E Contribution from Holding Company

Nature and purpose

12F Foreign currency translation reserve

12G Retained earnings / (losses)

Nature and purpose

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grant_clOpening balance 214 226

Provision for gratuity 238 207

nd loan Working capital term loan (secured) 8,886 13,541

Financial liabilities designated as a hedge instrument at fair value

Financial liabilities at amortised cost

Advance from customers 9 -

Provision for gratuity 24 24

------------------------------------This space has been left blank intentionally----------------------------------------

Sale of power 59,724 54,819