TORRENT POWER LTD.

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.

Torrent Power's consolidated Q1 FY27 (quarter ended June 30, 2026) revenue rose a modest 2.8% YoY to ₹8,124.15 Cr (₹7,906.37 Cr), but consolidated PAT fell 10.8% YoY to ₹661.85 Cr (₹741.58 Cr). Standalone tells a different story - revenue actually fell 1.9% YoY to ₹6,048.71 Cr (₹6,167.04 Cr) and PAT fell 14.3% to ₹587.15 Cr (₹684.89 Cr); the >4-point revenue gap reflects consolidated's added subsidiary/segment contributions (Transmission & Distribution SPVs, Renewables, and now Nabha Power Limited) that standalone doesn't carry. This is the first quarter to consolidate NPL, acquired for ₹3,632.35 Cr and folded in from June 25, 2026, contributing just ₹68.64 Cr revenue and ₹7.62 Cr profit for the six-day stub period. QoQ, consolidated PAT nearly doubled (+99.7% from ₹331.49 Cr) and revenue rose 26.8%, but that's against an unusually weak March quarter in which the Generation segment posted a ₹38.93 Cr segment loss - a base effect, not sequential acceleration, so YoY is the read that matters. The YoY profit gap traces to below-the-operating-line pressure rather than the core business: consolidated operating margin actually edged up to 18.93% from 18.76% a year ago, but finance costs jumped 38.1% to ₹292.99 Cr (₹212.12 Cr) following the ₹3,800 Cr Series-15 NCD raised in June to fund the NPL deal, and the effective tax rate climbed to 28.5% from 24.7% (tax expense +8.0% to ₹263.34 Cr even as PBT fell 6.1% to ₹925.19 Cr). Net profit margin compressed to 8.15% from 9.38%. By segment, Transmission & Distribution (revenue +10.9% to ₹7,245.79 Cr, segment result +10.2% to ₹944.18 Cr) and Renewables (revenue +17.7% to ₹434.74 Cr, result +5.5% to ₹369.00 Cr) both grew, while Generation shrank sharply - revenue down 31.2% to ₹1,711.51 Cr and segment result down 14.4% to ₹373.19 Cr - even with NPL's partial-period addition, pointing to weaker gas/merchant generation and trading volumes. On guidance, management's prior framing of a 'comfortable leverage ratio' looks harder to square with this quarter's numbers: consolidated debt-equity rose to 0.97 from 0.44 a year ago and debt-service coverage fell to 3.24x from 4.52x, a direct consequence of debt-funding the NPL acquisition. This filing carries no update on the 1.2-1.5 GW FY27 renewable commissioning target or the Bhiwandi franchise timeline flagged on the last concall, and no management press release was available for this print - only the board outcome letter confirming approval of the unaudited results. Sell-side coverage on Torrent Power remains thin post-deal per our pre-result read, and no firm Q1 consensus PAT or revenue figure could be confirmed via web search, so street comparison stays unknown. Against our pre-result preview (revenue ~₹8,000-8,500 Cr, operating/EBITDA margin ~19-21%), the print lands within range on revenue (₹8,124.15 Cr) but just below on margin (18.93% versus the 19% floor flagged); of the watch items we set out, EBITDA margin is answered (18.93%, essentially flat YoY) and NPL's integration cost/contribution is now visible (₹7.62 Cr profit on ₹68.64 Cr revenue for a six-day stub), but FY27 guidance and a clear debt-repayment plan were not addressed in this filing.

Torrent Power Ltd has announced that its Board of Directors will convene on August 3, 2026. The primary agenda item for this meeting is to consider and approve the Unaudited Standalone and Consolidated Financial Results for the first quarter ended June 30, 2026. This intimation is in compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Torrent Power Ltd has announced its 22nd Annual General Meeting (AGM) will be held on Monday, August 3, 2026, at 09:30 am IST via Video Conferencing (VC) and Other Audio Visual Means (OAVM). This is in compliance with MCA and SEBI circulars. The company has sent a letter to shareholders whose email IDs are not registered, providing a web-link to access the Notice of the 22nd AGM and the Integrated Annual Report for FY 2025-26. Shareholders are also reminded to update KYC details and dematerialize physical securities as per SEBI mandates, with specific forms and procedures outlined. Failure to update KYC for physical holdings by April 1, 2024, will result in non-receipt of payments like dividends.

Torrent Power Ltd has submitted its Business Responsibility and Sustainability Report (BRSR) for the financial year 2025-26, as required by SEBI regulations. The report, which includes an independent assurance statement from Grant Thornton Bharat LLP, details the company's commitment to Environmental, Social, and Governance (ESG) principles. Sustainability is highlighted as a cornerstone of their operations, integrated into strategic decision-making to foster long-term value creation. The BRSR outlines initiatives in energy optimization, carbon emission reduction, renewable energy adoption, waste management, and emission control. It also covers the company's adherence to global frameworks like GRI, SASB, and UN SDGs, and articulates its performance against the nine principles of the National Guidelines on Responsible Business Conduct (NGRBC). The report is structured into three sections: Company Overview, Management and Process Disclosures, and Key Performance Indicators (KPIs).