Torrent Power Board Approves FY26 Results, Reappoints Directors, and Plans ₹10,000 Cr NCD Issue
Torrent Power's Board approved FY26 audited results and recommended a final dividend of ₹5 per share, totaling ₹20 for the year. The company plans to raise up to ₹10,000 Crore via NCDs. Radhika Haribhakti and Ketan Dalal were re-appointed as Independent Directors.
The proposed ₹10,000 Crore NCD issuance is a substantial fundraising activity that can significantly impact the company's capital structure and future investments. Dividend payout also positively impacts shareholders.
The approval of financial results, recommendation of a final dividend, and plans for significant fundraising indicate positive financial health and strategic planning.
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, both on a standalone and consolidated basis, along with the auditor's report.
The Board recommended a final dividend of ₹5 per equity share, 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 FY2025-26, bringing the total dividend for FY2025-26 to ₹20 per equity share.
Furthermore, the company plans to raise funds up to ₹10,000 Crore through the issuance of Non-Convertible Debentures (NCDs) via private placement in one or more tranches. The Board also approved the re-appointment of Radhika Haribhakti and Ketan Dalal as Non-Executive Independent Directors for their second and final terms, subject to member approval. Radhika Haribhakti's reappointment is for a term of 5 years from August 07, 2026, to August 06, 2031, while Ketan Dalal's reappointment is for a term of 5 years from May 11, 2027, to May 10, 2032.
The company also submitted a statement on the utilization and any deviation or variation of Non-Convertible Debentures of ₹2000 Crore (Series -14) issued during the quarter ended March 31, 2026, confirming no deviation was observed.
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Torrent Power Limited filed this with the NSE as a statutory disclosure, categorised under quarterly results. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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