Tata Power has announced a significant change in its statutory auditing arrangements, with the Board of Directors approving the appointment of BSR & Co. LLP as the company's new statutory auditors. The decision was made during a board meeting held on February 4, 2026, following recommendations from the Audit Committee.

Auditor Transition Details

The appointment marks a transition from the current statutory auditors, with specific terms and timeline clearly defined:

SRBC & Co. LLP will continue serving as statutory auditors until the conclusion of the 108th Annual General Meeting, completing their second term with the company.

Profile of New Statutory Auditors

BSR & Co. LLP brings substantial experience and infrastructure to its new role with Tata Power. The firm was originally established as a partnership on March 27, 1990, with firm registration number 101248W, before converting to a limited liability partnership structure on October 14, 2013.

Firm Capabilities and Reach

The firm operates as a member entity of BSR and Affiliates, a network registered with the Institute of Chartered Accountants of India, providing comprehensive audit services across multiple sectors.

Regulatory Compliance

The appointment follows proper regulatory protocols under SEBI regulations. The disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024.

Board Meeting Timeline

The board meeting that approved this appointment commenced at 2:00 p.m. IST and concluded at 4:35 p.m. IST on February 4, 2026. The decision reflects the company's commitment to maintaining robust audit practices and regulatory compliance standards.

Tata Power has successfully commenced operations of its 198 MW group captive solar project in Karur, Tamil Nadu, marking a significant milestone in the company's renewable energy expansion strategy.

Project Details

The newly operational facility represents a substantial addition to Tata Power's renewable energy portfolio in South India. The project specifications include:

Strategic Significance

The commencement of this solar project strengthens Tata Power's position in the Tamil Nadu renewable energy market. Group captive projects allow multiple entities within a corporate group to share the generated power, providing cost-effective and sustainable energy solutions.

Regional Impact

The project's location in Karur, Tamil Nadu, leverages the state's favorable solar irradiation conditions and supportive renewable energy policies. This development contributes to Tamil Nadu's renewable energy capacity and supports the state's clean energy transition goals.

The successful operationalization of this 198 MW facility demonstrates Tata Power's execution capabilities in the renewable energy sector and reinforces its commitment to expanding clean energy infrastructure across India.