Torrent Power Recommends Final Dividend of ₹5/Share, Approves Fund Raising
Torrent Power's Board approved FY26 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 dividend recommendation is a direct positive for shareholders. The fund-raising of ₹10,000 Crore indicates potential for expansion or debt management, which could have a medium-term impact on the company's financials and operations.
The company recommended a final dividend and approved a significant fund-raising plan, which are positive indicators for shareholders and future growth.
Torrent Power Limited's Board of Directors, in a meeting held on May 12, 2026, approved the audited financial results for the quarter and year ended March 31, 2026.
The Board recommended a final dividend of ₹5 per equity share, which, if declared by the members at the upcoming Annual General Meeting (AGM), will be paid by September 02, 2026. This is in addition to the interim dividend of ₹15 per equity share paid during Q4 FY 2025-26, making a total dividend of ₹20 per equity share for FY 2025-26.
Furthermore, the company announced its plan to raise funds up to ₹10,000 Crore through the issuance of Non-Convertible Debentures via private placement. 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.
The meeting, which commenced at 02:30 pm and concluded at 04:45 pm, also reviewed the utilization of Non-Convertible Debentures of ₹2,000 Crore (Series -14) issued during the quarter ended March 31, 2026, confirming no deviation in fund utilization.
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Torrent Power Limited filed this with the NSE as a statutory disclosure, categorised under dividend. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by Torrent Power Limited. Read the original for the full detail.