Three Independent Directors of Tata Power complete their second term

Multiple independent directors resignedManagement Changes View source PDF Explain this filing

TATAPOWER · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

+2.4%Reaction day

₹344.20

prior close

₹345.00

announcement price

After-mkt

timing

Nifty 100market-0.3%+2.7% vs market

Power peers, median of 37sector · industry level+0.4%+2.0% vs sector

On the reaction day the stock moved 2.7 pts more than Nifty 100 and 2.0 pts more than its Power peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

-0.4

10m

-0.0

15m

-0.1

30m

+1.2

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+2.4-0.3+2.7+0.4+2.0

Next day

+1.6+0.9+0.7-0.3+2.0

+2.8+1.5+1.3-0.8+3.6

+2.3+0.5+1.8-1.4+3.7

+2.3-0.0+2.3-3.8+6.0

+2.7-0.5+3.3-5.8+8.5

-1.7-0.6-1.1-7.6+5.9

15d

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UpDownMarket · Nifty 100Sector · Power peers, median of 37Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Ms. Anjali Bansal, Ms. Vibha Padalkar, and Mr. Sanjay Vijay Bhandarkar ceased to be Independent Directors of Tata Power on October 13, 2026, upon completing their second consecutive terms. The disclosure was made under SEBI Listing Regulations. No governance concerns were flagged; this is a routine end of tenure for all three.

Likely market impact

Three independent directors exit after completing their second term. Board will likely appoint replacements; routine for listed companies.