TORRENT POWER LTD.

Torrent Power Ltd has announced that its Board of Directors will convene on November 4, 2026. The primary agenda item for this meeting is to consider and approve the Unaudited Standalone and Consolidated Financial Results for the quarter and half-year ended September 30, 2026. This meeting is in compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Torrent Power Limited announced the termination of a 300 MW wind power Power Purchase Agreement (PPA) with Solar Energy Corporation of India Limited (SECI). The PPA, initially awarded via a Letter of Award on July 14, 2022, and formally entered into on May 04, 2023, was for a project developed by its wholly-owned subsidiary, Torrent Saurya Urja 2 Private Limited. The project faced significant delays due to Force Majeure events and external infrastructure readiness issues, including transmission connectivity and GNA operationalization. Despite extensions granted by SECI, the continued uncertainty regarding the Scheduled Commercial Operation Date (SCOD) led to the termination. Consequently, Torrent Power will pay liquidated damages amounting to ₹39.78 crore as per the contractual provisions.

Torrent Power Ltd has announced the closure of its trading window for designated persons. This closure will be effective from October 01, 2026, and will remain in effect until 48 hours after the submission of the Unaudited Financial Results for the quarter and half-year ended September 30, 2026, to the stock exchanges. This measure is in accordance with the company's Code of Conduct and SEBI regulations regarding insider trading.

Torrent Green Energy Private Limited, a subsidiary of Torrent Power Limited, has successfully commissioned 322 MWp of ground-mounted decentralized solar power projects across Nashik district, Maharashtra. These projects are part of the Mukhyamantri Saur Krushi Vahini Yojana (MSKVY) 2.0, a scheme for feeder-level solarisation under Component-C of the PM-KUSUM scheme. The solar portfolio, spread across 50 locations and 14 talukas, is one of the most extensive agricultural feeder solarization projects under MSKVY. Power will be supplied to MSEDCL under a 25-year Power Purchase Agreement, aiming to provide daytime electricity to farmers, enhance grid efficiency, and reduce distribution losses. This milestone reinforces Torrent Power's commitment to India's clean energy transition and supporting the agricultural sector.

Torrent Power Ltd announced a change in its Chief Financial Officer role. Saurabh Mashruwala has resigned from his position as CFO and Whole Time Key Managerial Personnel due to planned retirement, effective August 20, 2026. The Board of Directors has accepted his resignation and approved the appointment of Vikas Poddar as the new CFO and Whole Time Key Managerial Personnel, effective August 21, 2026. Mashruwala will continue with the company as ED until a smooth transition. Poddar brings over 27 years of experience, including his recent role as CFO at Indus Towers.

Torrent Power Ltd announced a change in its Chief Financial Officer role. Saurabh Mashruwala will resign effective August 20, 2026, due to planned retirement, after which he will continue as ED for a smooth transition. Vikas Poddar has been appointed as the new CFO & Whole Time Key Managerial Personnel, effective August 21, 2026. Poddar brings over 27 years of experience, including a previous CFO role at Indus Towers.

Torrent Power Limited announced a change in its Chief Financial Officer (CFO) role during its Board Meeting on August 20, 2026. Saurabh Mashruwala resigned from his position as CFO and Whole Time Key Managerial Personnel due to planned retirement, effective August 20, 2026. The company has appointed Vikas Poddar as the new CFO and Whole Time Key Managerial Personnel, effective August 21, 2026. Poddar brings over 27 years of experience, including a previous role as CFO at Indus Towers. Both individuals will also transition their roles related to disclosures to stock exchanges.

Torrent Power Ltd announced the incorporation of two new Special Purpose Vehicles (SPVs), Torrent Urja 50 Private Limited and Torrent Urja 51 Private Limited, through its wholly-owned subsidiary, Torrent Green Energy Private Limited. These SPVs, incorporated in India on August 19, 2026, will focus on renewable energy generation, including hydrogen and its derivatives, as well as power trading. Each SPV was incorporated with a share capital of ₹5,00,000, representing 100% ownership by Torrent Green Energy Private Limited. This move signifies Torrent Power's continued expansion in the renewable energy sector.

Torrent Power announced its Q1 FY27 results, reporting a 2% year-on-year growth in EBITDA to ₹1,619 Crs, despite a challenging operating environment affecting thermal power plant performance due to geopolitical disruptions impacting LNG supplies. This growth was bolstered by strong contributions from its Distribution and Renewable Energy businesses, which saw EBITDA increases of 10% and 6%, respectively. Total Comprehensive Income (TCI) declined by 14% to ₹639 Crs from ₹739 Crs in Q1 FY26, primarily due to increased financing costs associated with strategic investments in its under-construction project portfolio. The company also completed the acquisition of Nabha Power Limited for ₹3,632.35 Crore, adding a 2x700 MW coal-based thermal power plant to its operations.

Torrent Power Limited's Board of Directors met on August 03, 2026, to approve the unaudited financial results (standalone and consolidated) for the quarter ended June 30, 2026. The board also reviewed the limited review reports from the statutory auditor. Additionally, the board considered and approved the statement of utilization and any deviation/variation of Non-Convertible Debentures amounting to ₹3,800 Crore (Series-15) issued during the same quarter. The meeting commenced at 02:30 pm and concluded at 04:00 pm. The information is available on the company's website.