Torrent Power Limited has secured regulatory approval from the Competition Commission of India (CCI) for its strategic acquisition of Nabha Power Limited. The approval marks a significant milestone in the company's expansion plans within the power sector.

CCI Approval Details

The Competition Commission of India communicated its approval on April 07, 2026 at 06:14 pm for the acquisition transaction. The regulatory body has cleared Torrent Power's proposal to acquire 100% of the equity stake and convertible instruments in Nabha Power Limited.

Transaction Structure

The acquisition involves the complete takeover of Nabha Power Limited from L&T Power Development Limited. Torrent Power will acquire both the equity stake and convertible instruments, giving it full control over the target company's operations and assets.

Regulatory Timeline

This approval follows Torrent Power's earlier communication to stock exchanges dated February 16, 2026, where the company had initially disclosed details about the proposed acquisition. The CCI has indicated that the formal order regarding this approval will follow the communication.

Market Disclosure

Torrent Power has fulfilled its disclosure obligations under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company informed both BSE Limited and National Stock Exchange of India Limited about the CCI approval through official communication dated April 08, 2026.

Torrent Power Limited has fulfilled its quarterly regulatory obligations by submitting a compliance certificate to stock exchanges for the quarter ended March 31, 2026. The submission demonstrates the company's commitment to maintaining transparency and regulatory compliance in securities management.

Regulatory Compliance Submission

The company submitted the required certificate under Regulation 74(5) of SEBI (Depositories & Participants) Regulations, 2018 to both BSE Limited and National Stock Exchange of India Limited on April 07, 2026. Company Secretary and Compliance Officer Rahul Shah signed and filed the compliance document, ensuring adherence to prescribed timelines.

Registrar Confirmation

MUFG Intime India Pvt. Ltd., serving as the company's Registrar and Transfer Agent, provided the confirmation certificate dated April 01, 2026. The registrar confirmed that all securities received from depository participants for dematerialization during the quarter were properly processed and confirmed to the depositories within prescribed timelines.

Sr. Vice President-Corporate Registry Ashok Shetty signed the certificate on behalf of MUFG Intime India, confirming that:

• Securities received for dematerialization were accepted or rejected as appropriate
• All securities were listed on stock exchanges where earlier issued securities are listed
• Security certificates were mutilated and cancelled after due verification
• Depository names were substituted in the register of members as registered owners

Stakeholder Communication

The compliance submission was communicated to multiple stakeholders to ensure comprehensive regulatory coverage. Copies were sent to National Securities Depository Ltd. and Central Depository Services (India) Ltd., maintaining transparency across the entire depository ecosystem.

This quarterly compliance certificate represents standard regulatory practice for listed companies, ensuring proper oversight of securities dematerialization and rematerialization processes. The submission confirms Torrent Power's adherence to SEBI regulations governing depository operations and participant responsibilities.