Torrent Power Limited has published the audio recording of its earnings conference call with analysts and investors, which discussed the company's unaudited financial results for the quarter ended June 30, 2026 (Q1 FY27). The call was conducted on Monday, August 3, 2026, at 6:30 PM IST. Senior management shared key guidance on renewable energy commissioning targets, capital expenditure plans, and long-term project timelines during the call.

The audio file is now accessible on Torrent Power's official website, fulfilling regulatory requirements for post-event disclosure. The filing was submitted pursuant to Regulation 30(6) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. It serves as a continuation of the initial intimation letter dated July 28, 2026, which announced the schedule for the conference call.

Earnings Call Details

The conference call provided a platform for senior management to address investor queries regarding the Q1 FY27 results. The following table outlines the key details of the event and the subsequent disclosure:

Management Participants

Senior executives from Torrent Power participated in the discussion to provide insights into the quarter's performance. The key participants included:

• Saurabh Mashruwala, Executive Director & CFO
• Rishi Shah
• Jayprakash Khanwani

Key Management Guidance

Management provided detailed guidance across renewable energy capacity additions, capital expenditure, and long-term infrastructure projects. The following table summarises the key guidance shared during the concall:

On the renewable energy front, Torrent Power expects to commission 1.2 GW of capacity in FY27, with approximately 400 MW in the first half and 800 MW in the second half of the year. The company has a total of 4.6 GW under implementation, with commissioning of 1.4–1.6 GW targeted in FY28 and the remaining balance in FY29. Total capital expenditure for all renewable energy projects in FY27 is anticipated to be approximately INR10,000 crores.

Regarding long-term projects, the 1.6 GW Anuppur thermal project is expected to be commissioned over the next six to seven years, while the 3 GW Pumped Storage Hydro Project in Maharashtra is targeted for commissioning in the next three to four years. Nabha Power is projected to contribute approximately INR1,000 crores in annual EBITDA on a steady-state basis.

Regulatory Compliance

The disclosure was filed by Rahul Chaitanya Bhai Shah, the Company Secretary & Compliance Officer of Torrent Power Limited. The submission was digitally signed on August 3, 2026, at 21:41:03 IST. The notice was sent to both the Corporate Relationship Department of BSE Limited and the Listing Department of the National Stock Exchange of India Limited, ensuring compliance with listing obligations across both exchanges.

Torrent Power Limited shareholders have unanimously approved a significant enhancement in the company’s borrowing capacity to ₹35,000 crore, providing the financial flexibility required for its capital-intensive expansion strategy. The special resolution was passed at the 22nd Annual General Meeting (AGM) held on August 3, 2026, via Video Conferencing / Other Audio Visual Means. Alongside this strategic financial move, members also approved the re-appointment of four directors and confirmed the final dividend payout for the fiscal year ended March 31, 2026.

The AGM commenced at 09:30 am and concluded at 10:19 am with the requisite quorum present. Under ordinary business, shareholders adopted both the Standalone and Consolidated Financial Statements for FY26. They also confirmed the payment of an interim dividend of ₹15.00 per equity share and approved a final dividend of ₹5.00 per equity share, bringing the total dividend distribution for the year to ₹20.00 per share.

Director Re-appointments

The meeting addressed several director re-appointments under ordinary and special business items. Varun Mehta (DIN: 07862034) and Jigish Mehta (DIN: 09054778), who retired by rotation, were re-appointed as directors. Additionally, Radhika Haribhakti (DIN: 02409519) and Ketan Dalal (DIN: 00003236) were re-appointed as Independent Directors.

Special Business Resolutions

Beyond director appointments, the special business included the ratification of remuneration for M/s. Kirit Mehta & Co., Cost Accountants, for the financial year 2026-27. Crucially, shareholders approved the creation of charges pursuant to Section 180(1)(a) of the Companies Act, 2013, up to the limits approved under the borrowing resolution. This procedural step enables the company to secure debt against its assets efficiently within the newly established ₹35,000 crore cap.

What the Numbers Show

The approval of a ₹35,000 crore borrowing limit is a material indicator of Torrent Power’s capital-intensive growth trajectory. Such a high ceiling suggests the company anticipates significant capital expenditure requirements in the near term, likely tied to renewable energy projects or grid infrastructure upgrades. Combined with the consistent dividend payout, the board appears confident in balancing aggressive expansion with shareholder returns.

The proceedings were conducted in compliance with Regulation 30 read with Schedule III of SEBI (LODR) Regulations, 2015. The results were transacted through remote e-voting and e-voting during the AGM, adhering to circulars issued by the Ministry of Corporate Affairs dated September 22, 2025, May 05, 2022, May 05, 2020, April 13, 2020, and April 08, 2020. Rahul Shah, Company Secretary & Compliance Officer, signed off on the proceedings.