Torrent Power's 22nd AGM Approves Financials, Dividends, Director Re-appointments, and Borrowing Limit Enhancement
Torrent Power's 22nd AGM on August 3, 2026, approved standalone and consolidated financials for FY26. Shareholders approved dividends totaling ₹20 per share and re-appointed directors Varun Mehta, Jigish Mehta, Radhika Haribhakti, and Ketan Dalal. The borrowing limit was enhanced to ₹35,000 Crore.
The approval of enhanced borrowing limits up to ₹35,000 Crore provides the company with significant financial flexibility for future growth and investments. The dividend approval also positively impacts shareholders.
The AGM successfully passed all proposed resolutions, including financial statement adoptions, dividend approvals, director re-appointments, and a significant increase in borrowing limits, indicating shareholder confidence and support for the company's strategic financial decisions.
Torrent Power Limited held its 22nd Annual General Meeting (AGM) on August 3, 2026, from 09:30 am to 10:19 am via Video Conferencing.
During the AGM, shareholders approved several key items through remote e-voting and e-voting during the meeting. These included the adoption of the standalone and consolidated financial statements for the financial year ended March 31, 2026, along with the Auditor's and Board's reports.
Shareholders also approved the payment of an interim dividend of ₹15.00 per equity share and a final dividend of ₹5.00 per equity share for the financial year ended March 31, 2026. The re-appointment of Varun Mehta and Jigish Mehta, who were retiring by rotation, was confirmed. Additionally, Radhika Haribhakti and Ketan Dalal were re-appointed as Independent Directors.
Special business transacted included the ratification of remuneration for M/s. Kirit Mehta & Co., Cost Accountants, for FY 2026-27. A significant resolution was the enhancement of the company's borrowing limits up to ₹35,000 Crore, pursuant to Section 180(1)(c) of the Companies Act, 2013, and the creation of charges up to these limits under Section 180(1)(a). The results of the e-voting will be uploaded on the company's website and notified to the stock exchanges.
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Torrent Power Limited filed this with the NSE as a statutory disclosure, categorised under agm. 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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