Torrent Power Limited will engage with analysts and investors through a virtual meeting scheduled for June 30, 2026, at 11:00 am IST. The interaction provides a platform for the company representatives to discuss performance and strategy with market participants.

The meeting will be attended by HDFC securities Limited. The disclosure was made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Rahul Shah, Company Secretary & Compliance Officer, signed the intimation on June 24, 2026. The company noted that the schedule remains subject to change.

Torrent Power has allotted 3,80,000 Secured, Rated, Listed, Taxable, Non-Cumulative, Redeemable and Non-Convertible Debentures (NCDs) aggregating to ₹3,800 crore on June 24, 2026. The issuance was conducted on a private placement basis across Series 15 in Tranches A, B, C, and D, enabling the company to raise capital at varying coupon rates and tenures to meet its funding requirements.

NCD Issuance Details

The debentures have a face value of ₹1 lakh each and are secured by a first pari passu charge on the company's present and future movable and immovable assets, excluding specific renewable and leasehold properties. The instruments are proposed to be listed on the Wholesale Debt Market Segment of the National Stock Exchange of India Limited.

Coupon Rates and Maturity

The NCDs are divided into four tranches with maturity periods ranging from 3 to 10 years. The coupon rates vary from 8.10% to 8.20% per annum, depending on the tenure. Interest payments are scheduled annually, starting June 24, 2027.

Security and Covenants

The security structure includes a first pari passu charge on movable and immovable assets, shared with term lenders and working capital lenders. Specific exclusions from the security cover include assets of renewable projects such as the GENSU, Mahidad, and Suzlon projects, as well as designated leasehold and specific properties like the Bhiwandi Property and New Delhi Property. A second charge over the security is available to entities providing hedging contracts.

The debentures include provisions for step-up coupons in the event of a rating downgrade. For each notch downgrade, the coupon rate increases by 0.25%, while a subsequent upgrade reduces the rate by 0.25%, capped at the original coupon. If the rating falls to “BBB+” or below, debenture holders holding at least 51% of the outstanding value can call for accelerated redemption, requiring the company to repay the principal within 60 days.