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.
Tata Power Renewable Energy Limited commissioned 419 MW of utility-scale projects and 131.2 MWh of battery storage in Q2 FY27. Total operational capacity reached 7.2 GW.
Tata Power Company Limited submitted its quarterly certificate for Commercial Paper issuance for the quarter ended September 2026. Total CP issuance during the calendar year reached Rs. 8,300 Crore.
Tata Power partners with Norway's Ocean Sun to launch a ~300 kWp floating solar pilot project at its Mulshi reservoir, evaluating advanced membrane-based solar technology.
Tata Power has scheduled a Board meeting for 11 November 2026 to consider Q1/H1 FY27 financial results. The trading window was closed from 24 September 2026 pending the declaration.
Tata Power Company Limited confirmed that Mr. Vispi S. Patel continues as Company Secretary and Compliance Officer. No changes occurred during the quarter ended September 2026.
Tata Power Company Ltd has successfully paid interest amounting to Rs. 37.22 Crore on its Non-Convertible Debentures. The payment corresponds to a 7.72% interest rate series.
Tata Power's Mundra Thermal Plant directions under Section 11 of the Electricity Act have been extended by the Ministry of Power until December 31, 2026.
Tata Power redeemed Rs. 500 Crore Commercial Paper at maturity on 23 September 2026. The full redemption of 10,000 instruments marked closure of a debt obligation.
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