Torrent Power Approves FY26 Results, Reappoints Directors, Plans ₹10,000 Cr NCD Issue
Torrent Power's Board approved Q4 & FY26 results. Recommended a final dividend of ₹5/share, making total FY26 dividend ₹20/share. Approved raising up to ₹10,000 Crore via NCDs. Re-appointed Radhika Haribhakti and Ketan Dalal as Independent Directors for 5-year terms.
The approval of financial results, recommendation of a dividend, and the substantial ₹10,000 Crore NCD issuance plan are material events that can significantly impact the company's financial structure and shareholder returns.
The company reported its financial results, recommended a final dividend, announced a significant fundraising plan via NCDs, and re-appointed key independent directors, all of which are positive developments.
Torrent Power Limited announced the outcome of its Board Meeting held on May 12, 2026. The Board approved the audited financial results for the quarter and year ended March 31, 2026, with auditors issuing an unmodified opinion.
The company recommended a Final Dividend of ₹5 per Equity Share for FY26, subject to member approval at the upcoming Annual General Meeting (AGM). This is in addition to the Interim Dividend of ₹15 per Equity Share paid during Q4 FY26, bringing the total dividend for FY26 to ₹20 per Equity Share.
Furthermore, the Board approved raising funds up to ₹10,000 Crore through the issuance of Non-Convertible Debentures (NCDs) in one or more tranches via private placement. The company also reported on the utilization of ₹2000 Crore from NCDs (Series -14) issued in March 2026, confirming no deviation in fund utilization.
In terms of corporate governance, the Board approved the re-appointment of Radhika Haribhakti as Non-Executive Independent Director for a second term of 5 years from August 07, 2026, to August 06, 2031. Additionally, Ketan Dalal was re-appointed as Non-Executive Independent Director for a second term of 5 years from May 11, 2027, to May 10, 2032, both subject to member approval.
The Board Meeting commenced at 02:30 pm and concluded at 04:45 pm.
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