Torrent Power Limited has announced updated scheduled meetings with analysts and investors for March 23 and 25, 2026, as part of its regulatory disclosure obligations under SEBI LODR Regulation 30.

Updated Meeting Schedule

The company has rescheduled its institutional investor meetings, moving from the previously announced March 20 date to two separate sessions later in the month. Both meetings will be conducted virtually to accommodate different participants.

Regulatory Compliance

The updated notification was filed on March 18, 2026, with both the Bombay Stock Exchange (BSE) and National Stock Exchange of India (NSE). This disclosure is made in pursuance of Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, which mandates companies to inform exchanges about material events and meetings with analysts or institutional investors.

Meeting Format and Participants

Torrent Power has opted for virtual meetings for both sessions, replacing the earlier hybrid approach that included an in-person meeting in Ahmedabad. The company will now engage with Nuvama Institutional Equities and White Oak, different participants from the previously scheduled PL Capital Group and SBI Pension Funds meetings.

The company has maintained flexibility in its scheduling, noting that the meeting times are subject to change if required. The notification was digitally signed by Rahul Shah, Company Secretary & Compliance Officer, ensuring proper authorization and compliance with corporate governance requirements.

Torrent Power Limited has successfully completed the issuance and allotment of Series 14 Non-convertible Debentures worth ₹2,000 crore through private placement basis. The company informed stock exchanges about this significant debt fundraising exercise under Regulation 30 of SEBI regulations.

Debenture Structure and Terms

The issue comprises 2,00,000 secured, rated, listed, taxable, non-cumulative, redeemable and non-convertible debentures of ₹1 lakh per debenture. All three series carry a uniform coupon rate of 7.97% per annum, with the debentures structured across different maturity periods to provide investors varied investment horizons.

Interest and Principal Payment Schedule

The debentures follow an annual interest payment structure with comprehensive repayment terms. The principal repayment will occur at face value on the respective maturity dates for each series, providing investors with predictable cash flows over the investment tenure.

Security and Charge Structure

The debentures are secured by comprehensive charge arrangements over the company's assets. The First Pari Passu Charge covers all present and future movable assets and immovable assets, with specific exclusions for renewable project assets, debt service reserve accounts, and NCD reserve investments.

Special Features and Investor Protection

The debentures include several investor-friendly features designed to protect debenture holders' interests. The rating-linked coupon adjustment mechanism provides for coupon rate increases of 0.25% for each notch of rating downgrade, while offering decreases for upgrades capped at the original rate.

Listing and Regulatory Compliance

The debentures are proposed to be listed on the Wholesale Debt Market Segment of National Stock Exchange of India Limited. The company will create the specified charges within 30 days and register them with appropriate authorities including Registrar of Companies and CERSAI as applicable.