Tata Power confirmed that three independent directors ceased their roles at the close of business hours on October 13, 2026. The departures follow the completion of their second consecutive terms as mandated by regulatory norms.

The directors who exited are Anjali Bansal (DIN: 00207746), Vibha Padalkar (DIN: 01682810), and Sanjay Vijay Bhandarkar (DIN: 01260274). The company filed this disclosure with BSE and NSE under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Regulatory compliance and filing details

The announcement references SEBI Master Circular no. HO/49/14/14(7)2025-CFD-POD2/II/3762/2026 dated January 30, 2026. The disclosure was signed by Vispi S. Patel, Company Secretary of Tata Power. The filing serves as a formal record of the change in board composition for the listed entity.

Director cessation details

The following table outlines the specific details regarding the cessation of the three independent directors:

All three directors stepped down simultaneously upon reaching the maximum tenure limit for independent directors. No other reasons such as resignation or removal were cited in the disclosure.

Tata Power has entered into a Memorandum of Understanding (MoU) with Imperial College London to advance research in next-generation energy systems. The partnership aims to accelerate India-UK net-zero ambitions by combining industrial scale with academic expertise.

The collaboration will focus on critical areas of the energy transition, including grid flexibility, energy storage, artificial intelligence (AI), and machine learning (ML) applications. It also covers digital energy systems and industrial decarbonisation. The initiative seeks to connect Tata Power’s experience in developing and operating energy infrastructure at scale with Imperial’s research capabilities in digital technologies and decarbonisation.

Strategic alignment with global goals

This partnership aligns with the India-UK Vision 2035, which identifies energy storage and grid transformation as key areas for cooperation. The Vision also highlights the Net Zero Innovation Partnership as a vehicle for supporting deep-tech solutions and new markets for climate innovation. The MoU was signed by Dr. Praveer Sinha, CEO and Managing Director of Tata Power, and Professor Mary Ryan, Vice Provost (Research and Enterprise) at Imperial College London.

Focus areas and operational scope

The agreement is not a disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. It represents a strategic move to translate research into practical applications. Tata Power brings a diversified portfolio across the power value chain, while Imperial contributes interdisciplinary research capabilities.

Executive commentary

Dr. Praveer Sinha stated that India’s energy transition requires grids, storage, and digital systems to work together to meet evolving demand. He noted that the collaboration will help solve real-world industry challenges with deep research. Professor Mary Ryan emphasized that Tata Power’s scale makes it a vital partner for delivering cleaner and more resilient energy systems. UK Business and Trade Secretary Jonathan Reynolds described the partnership as an example of the new trade deal bringing opportunities to life, supporting jobs and growth in both countries.

Company profile context

Tata Power operates over 26 GW of total capacity, including approximately 17.7 GW of clean and green energy. The company serves over 13 million customers and has established 4.9 GW of solar manufacturing capacity. Imperial College London is a top-ten global university focused on science, technology, engineering, medicine, and business.