Tata Power's board appointed Sanjay Banga as Additional Director and CEO Designate from November 11, 2026, and as CEO & MD from May 1, 2027. Both appointments are subject to shareholder approval for the CEO & MD term.
Execution
May 1, 2027 to April 30, 2032 (CEO & MD term, five years, subject to shareholder approval)
Tata Power's auditor SRBC & Co issued a limited-assurance report confirming compliance with debenture trust deed covenants as at September 30, 2026. It is a routine Reg 56(1)(d) compliance certificate with no new money or business event.
Tata Power reported using ₹1,500 Crore raised through private placement NCDs on 14 July 2026, mainly for refinancing existing debt. No deviation from the stated objects was reported.
Tata Power's board approved an 1,800 MW pumped storage project at Shirwata, Maharashtra. The project needs ₹11,871 crore of investment over 51 months, funded 75% by debt.
Tata Power discloses Singapore court developments in its Kleros arbitration, including share attachment notices to two subsidiaries. Detailed appeal submissions are due November 23, 2026.
Tata Power Renewable Energy Limited has commissioned a 300 MW solar project for SECI in Koppal, Karnataka. The facility utilizes advanced solar trackers and bifacial modules to optimize generation.
Three Independent Directors of Tata Power Company Limited, Ms. Anjali Bansal, Ms. Vibha Padalkar, and Mr. Sanjay Vijay Bhandarkar, ceased their directorships effective October 13, 2026.
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