Re-appointment of Non-Executive Independent Directors
TORNTPOWER · price
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Torrent Power's Board meeting on May 12, 2026 approved multiple items including audited FY 2025-26 standalone financial results showing revenue of ₹21,850 Crore and net profit of ₹2,575 Crore. The Board recommended a final dividend of ₹5 per share, bringing total FY26 dividend to ₹20 per share (including ₹15 interim already paid). Two Non-Executive Independent Directors - Radhika Haribhakti and Ketan Dalal - were re-appointed for second terms of 5 years each, subject to shareholder approval. The company also received approval to raise up to ₹10,000 Crore via NCD private placement. Additionally, Torrent Power signed an agreement to acquire Nabha Power Limited from L&T for ₹3,660.87 Crore, strengthening its generation capacity.
The re-appointments of experienced independent directors with strong finance and taxation backgrounds support governance continuity. Strong FY26 earnings of ₹51.10 EPS and 11.8% net margin indicate solid operational performance, while the proposed ₹20 dividend reflects shareholder-friendly policy.