Tata Power shareholders have overwhelmingly approved six material related party transactions through a postal ballot process conducted via remote e-voting, with the voting concluding on March 18, 2026. The company announced that all ordinary resolutions received the requisite majority approval from members, demonstrating strong shareholder support for strategic business transactions.

Approved Resolutions and Voting Results

The postal ballot covered six ordinary resolutions, all achieving approval rates exceeding 99.97%. The resolutions addressed material related party transactions involving various Tata Group companies and subsidiaries:

Voting Process and Participation

The remote e-voting process commenced on February 17, 2026, at 09:00 a.m. (IST) and concluded on March 18, 2026, at 05:00 p.m. (IST). The voting was conducted through the National Securities Depository Limited (NSDL) e-voting platform, with shareholders holding shares as of the cut-off date of February 6, 2026, eligible to participate.

Shareholder Category Participation

The voting results revealed strong institutional support across all resolutions. Public institutions demonstrated unanimous support with 100.00% approval rates, while public non-institutional shareholders showed approval rates ranging from 93.70% to 93.78% across different resolutions. Notably, the promoter and promoter group did not participate in the voting process for any of the resolutions, as these transactions involved related parties where their participation would create conflicts of interest.

Regulatory Compliance and Documentation

The postal ballot process was conducted in compliance with Section 110 of the Companies Act, 2013, and Regulation 44 of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015. P.N. Parikh of Parikh & Associates served as the scrutinizer for the voting process, providing an independent verification of the results. The scrutinizer's report and detailed voting results have been made available on the company's website, NSDL's e-voting portal, and at the company's registered office.

Strategic Implications

The overwhelming approval of these material related party transactions reflects strong shareholder confidence in Tata Power's strategic direction and business relationships within the Tata Group ecosystem. These transactions involve key operational areas including renewable energy projects, distribution operations in Odisha, and collaborations with other Tata Group companies, positioning the company for continued growth in India's evolving energy sector.

Tata Power has announced its virtual participation in the upcoming Morgan Stanley India Industrials & Energy Seminar, scheduled for March 23, 2026. The company informed both BSE Limited and National Stock Exchange of India Limited about this investor engagement through a regulatory filing dated March 16, 2026.

Event Details and Participation Format

The seminar will feature virtual meetings between Tata Power and a group of institutional investors. This format allows the company to engage with multiple stakeholders while maintaining operational flexibility.

Regulatory Compliance and Disclosure

The announcement was made pursuant to Regulation 30 read with Para A of Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended. This regulatory framework ensures transparency in corporate communications with investors and analysts.

Tata Power has specifically clarified that no unpublished price-sensitive information relating to the company will be disclosed during these interactions with analysts and institutional investors. This commitment aligns with regulatory requirements for maintaining market integrity and fair disclosure practices.

Schedule Flexibility and Accessibility

The company has noted that the schedule for the meeting remains subject to change due to exigencies on the part of either the investors or the company. This flexibility ensures that both parties can accommodate any operational requirements that may arise.

The information regarding this investor meeting has been made available on the company's official website at www.tatapower.com , ensuring broader accessibility for stakeholders and the public.

Corporate Communication Framework

The formal communication was signed by Vispi S. Patel, Company Secretary (FCS 7021), and digitally authenticated on March 16, 2026. This structured approach to investor relations demonstrates the company's commitment to maintaining professional standards in stakeholder communications and regulatory compliance.