Torrent Power Limited has informed the Exchange regarding Re-appointment of Radhika Haribhakti and Ketan Dalal as Non-Executive Independent Directors for a second and final term of 5 consecutive years.
TORNTPOWER · price
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Torrent Power's Board meeting on May 12, 2026 approved multiple items including re-appointment of Radhika Haribhakti and Ketan Dalal as Non-Executive Independent Directors for second terms of 5 consecutive years each, subject to shareholder approval. The company reported standalone net profit of ₹2,575 crore for FY2026 (down from ₹2,851 crore in FY2025). The Board recommended a final dividend of ₹5 per share, adding to the ₹15 interim dividend already paid, totaling ₹20 per share for FY2026. Approval was also given to raise up to ₹10,000 crore via NCDs through private placement. The company also disclosed a pending acquisition of Nabha Power Limited from L&T for ₹3,660.87 crore.
The re-appointment of experienced independent directors maintains board stability and governance continuity. The lower profit YoY and reduced EPS (₹51.10 vs ₹58.41) may modestly impact sentiment, though the consistent ₹20 total dividend per share provides income support for shareholders.