Tata Power Company Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on July 04, 2025
TATAPOWER · price
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Awaiting price reaction for this filing.
Tata Power has issued the notice for its 106th AGM, scheduled for Friday, July 4, 2025 at 2:30 p.m. via video conferencing. Shareholders will consider adopting the audited standalone and consolidated financial statements for FY25 and approving a dividend of ₹2.25 per equity share (225%), with a record date of June 20, 2025. The notice also seeks approval to appoint Mr. Pramod Agrawal as an Independent Director for a 5-year term, re-appoint Mr. Saurabh Agrawal (retiring by rotation), and appoint M/s Makarand M. Joshi & Co. as Secretarial Auditor for five years (FY26-FY30). Additionally, shareholders are being asked to approve raising the company's borrowing limit to ₹35,000 crore and creating charges on assets up to ₹43,750 crore, replacing older limits set in 2014. Cost Auditor remuneration of ₹6,50,000 for FY26 is also up for ratification.
Routine AGM business with a modest dividend and director appointments; the proposed increase in borrowing limits to ₹35,000 crore signals potential capacity for future capex or refinancing, which is relevant for a capital-intensive power company. No immediate material price-moving action, but shareholders should note the record date of June 20, 2025 to be eligible for the dividend.