Correct option is A
The correct option that is the indirect form of the sentence "Jaya told me, 'I’ve been waiting for you since 4 pm.'" is
Jaya told me that she had been waiting for me since 4 pm.
Direct speech- Direct speech, also known as quoted speech or direct quotation, is a way of reporting someone's exact words.
Indirect speech- Indirect speech, also known as reported speech or indirect quotation, is a way of reporting someone's words or thoughts indirectly, without using their exact words.
In reported speech, the present perfect continuous tense 'I’ve been waiting' is often converted to past perfect continuous 'she had been waiting' to reflect the past context when reporting.
When recounting her conversation, Jaya could say, "I’ve been waiting for you since 4 PM," which would be reported as, "She told me that she had been waiting for me since 4 PM."