Tata Power held its 107th Annual General Meeting (AGM) on July 7, 2026, through video conferencing, approving the audited standalone and consolidated financial statements for the financial year ended March 31, 2026. The meeting, chaired by Mr. N. Chandrasekaran, saw the adoption of the Board of Directors' report and the Auditors' report. Shareholders also declared a dividend on equity shares for the same financial year.

The resolutions were passed via remote e-voting, with the scrutinizer's report confirming approval with the requisite majority. The total number of shareholders on the record date of June 30, 2026, was 41,13,345. The meeting concluded at 12:44 p.m. (IST).

Key Resolutions Passed

The AGM transacted seven items of business, including the ratification of the Cost Auditor's remuneration. All resolutions received the necessary approval from the members. The voting results indicated strong support across categories, with the Promoter and Promoter Group voting 100% in favour of all resolutions.

Director Appointments

Mr. N. Chandrasekaran (DIN: 00121863), who retired by rotation, was re-appointed as a Director. The company also appointed Ms. Nishi Vasudeva (DIN: 03016991) and Mr. Deepak Kapoor (DIN: 00162957) as Independent Directors via special resolutions.

Voting Summary

The table below details the voting results for the key resolutions passed during the AGM:

The Statutory Auditors' Report and Secretarial Audit Report for the financial year ended March 31, 2026, did not contain any qualifications. The proceedings were webcast live, and the recording will be available on the company's website.

Tata Power Company Limited has initiated the process to raise ₹1,500 crore through the issuance of unsecured Non-Convertible Debentures (NCDs) on a private placement basis. The company will issue 1,50,000 NCDs, each with a face value of ₹1,00,000, to eligible investors. This capital raise is part of the company's ongoing financing strategy, leveraging its strong credit profile to secure long-term funding.

The debentures are unsecured, senior, redeemable, rated, listed, taxable, and non-cumulative in nature. They carry a fixed rate coupon, with the final yield to be determined through price bidding on the Electronic Bidding Platform (EBP) of the Bombay Stock Exchange of India Limited (BSE). The allotment is tentatively scheduled for July 14, 2026.

The instrument has a tenure of five years from the deemed date of allotment. Interest payments will be made annually, except for the final maturity date, when the coupon will be paid along with the principal redemption. The NCDs will be redeemed via bullet repayment at the end of the five-year period.

The securities have received an existing credit rating of "AA+/Stable" from India Ratings and Research Private Limited and CRISIL Ratings Limited. Following the allotment, the NCDs will be listed on the Debt Segment of BSE, providing liquidity to investors.

Vispi S. Patel, Company Secretary and FCS 7021, signed the disclosure on behalf of The Tata Power Company Limited on July 5, 2026. The filing was made pursuant to Regulations 30 and 51 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Key Details of the NCD Issue