Tata Power Company logo

Tata Power Company CEO, MD, chairman, board of directors and AGM

NSE: TATAPOWERBSE: 500400PowerLarge Cap

Last close ₹348.10down ₹5.40 (1.53%)BSE ₹346.00

Share price at the NSE close on 23 Oct 2026. Previous close ₹353.50.

52-week range of traded prices to 23 Oct 2026
₹333.60Low, 9 Oct 2026₹464.90High, 28 Apr 2026
Market cap
₹1,11,230 Cr81st largest listed
P/E
28.8
P/B
2.8
Dividend yield
0.72%
ROE
10.3%
ROCE
6.8%
Debt to equity
1.50
Volume, NSE
41,80,66644.7% delivered

Tata Power Company board of directors

At the end of the quarter to Jun 2026, as the company filed it; changes since are in its announcements.Their trades in its shares

  • ChairpersonChandrasekaran NatarajanRelated to the promoter
  • Managing director and CEOPraveer Sinha
  • Company Secretary and Compliance OfficerVispi S. Patel

12 directors9 independent1 executive2 non-executive

  • Chandrasekaran Natarajan · ChairpersonNon-executive · joined Feb 2017 · 0 months as independent · 7 listed boards
  • Anjali BansalIndependent · joined Oct 2016 · reappointed Oct 2021 · 116 months as independent · 4 listed boards · 4 as independent · 5 committee seats
  • Vibha PadalkarIndependent · joined Oct 2016 · reappointed Oct 2021 · 116 months as independent · 2 listed boards · 1 as independent · 3 committee seats
  • Sanjay Vijay BhandarkarIndependent · joined Oct 2016 · reappointed Oct 2021 · 116 months as independent · 4 listed boards · 4 as independent · 7 committee seats, 4 as chair
  • Saurabh AgrawalNon-executive · joined Nov 2017 · 0 months as independent · 5 listed boards · 2 committee seats
  • Ashok SinhaIndependent · joined May 2019 · reappointed May 2024 · 84 months as independent · 4 listed boards · 4 as independent · 5 committee seats, 3 as chair
  • Rajiv MehrishiIndependent · joined Oct 2022 · reappointed Oct 2022 · 44 months as independent · 4 listed boards · 4 as independent · 6 committee seats, 3 as chair
  • Tarun BajajIndependent · joined May 2024 · reappointed May 2024 · 25 months as independent · 4 listed boards · 4 as independent · 5 committee seats, 1 as chair
  • Pramod AgrawalIndependent · joined Apr 2025 · reappointed Apr 2025 · 14 months as independent · 6 listed boards · 6 as independent · 5 committee seats, 1 as chair
  • Nishi VasudevaIndependent · joined May 2026 · 1 month as independent · 5 listed boards · 5 as independent · 10 committee seats, 3 as chair
  • Deepak KapoorIndependent · joined Jun 2026 · 1 month as independent · 3 listed boards · 3 as independent · 5 committee seats, 3 as chair
  • Praveer Sinha · Managing director and CEOExecutive · joined May 2018 · reappointed May 2023 · 98 months as independent · 2 listed boards · 1 committee seat

An independent director has no business or family tie to the company, its promoters or its managers beyond the seat. Listed boards counts the boards of listed companies the director sits on, this one included, and "as independent" how many of those seats are independent ones. Committee seats are audit and stakeholder committee seats across those companies. Months as independent is filed for independent directors only, whose terms the rules cap. Disqualified is the company's own mark that a director may not serve under company law.

Committees and meetings

Who sits on each, and how often they met.Board meeting notices and outcomes

  • Board

    • 12 May 20269 of 10 present6 independent · 54 days in between
    • 18 Mar 20269 of 10 present6 independent · 41 days in between
    • 4 Feb 202610 of 10 present7 independent

  • Audit Committee

    Chair Ashok Sinha

    Vibha Padalkar, Sanjay Vijay Bhandarkar, Saurabh Agrawal, Anjali Bansal, Rajiv Mehrishi, Tarun Bajaj, Pramod Agrawal, Nishi Vasudeva, Deepak Kapoor

    • 12 May 20268 of 8 present7 independent · 96 days in between
    • 4 Feb 20268 of 8 present7 independent

  • Nomination and remuneration committee

    Chair Sanjay Vijay Bhandarkar

    Chandrasekaran Natarajan, Vibha Padalkar

    • 12 May 20263 of 3 present2 independent · 54 days in between
    • 18 Mar 20263 of 3 present2 independent

  • Stakeholders Relationship Committee

    Chair Sanjay Vijay Bhandarkar

    Anjali Bansal, Praveer Sinha

    • 4 Feb 20263 of 3 present2 independent

  • Risk Management Committee

    Chair Vibha Padalkar

    Sanjay Vijay Bhandarkar, Ashok Sinha

    • 3 Feb 20263 of 3 present3 independent

  • Corporate Social Responsibility Committee

    Chair Anjali Bansal

    Rajiv Mehrishi, Praveer Sinha

    • 11 May 20263 of 3 present2 independent · 96 days in between
    • 3 Feb 20263 of 3 present2 independent

Meetings in the quarter filed and the one before it. The days in between are as the company files them, neither meeting's day counted; the rules allow at most 120. A quorum is the least number of members who must attend for the meeting to decide anything.

Statutory auditor

Named in the results for the quarter to Jun 2026.

  • SRBC & CO LLPPeer-review certificate valid to Feb 2029
1 earlier auditor
  • SRBC CO & LLPNamed in the filing for the quarter to Mar 2026

A statutory auditor checks the company's accounts and signs its results. Peer review is the accountants' institute's check of an audit firm's own work, which a listed company's auditor must hold a valid certificate of.

Tata Power Company AGM and shareholder votes

Each resolution, how the votes went, and how institutions voted apart from the promoters. A postal ballot is a vote by post or online, held without a meeting.Tata Power Company dividend history

Annual general meeting, 7 Jul 2026

41,13,345 shareholders on the register on 30 Jun 2026; present: 6 promoters and 139 others; votes counted by P.N. Parikh / Parikh and Associates.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt the Audited Standalone Financial Statements of the Company for the financial year ended March 31, 2026, together with the Reports of the Board of Directors and the Auditors thereon.MoreLess
    Ordinary
    99.96% for0.04% against

    Against: promoters 0.00% · institutions 0.11% · other public 1.14%

    Turnout: all 72.01% · promoters 100.00% · institutions 88.20% · other public 0.20%

  2. To receive, consider and adopt the Audited Consolidated Financial Statements of the Company for the financial year ended March 31, 2026, together with the Report of the Auditors thereon.
    Ordinary
    99.96% for0.04% against

    Against: promoters 0.00% · institutions 0.11% · other public 1.29%

    Turnout: all 72.01% · promoters 100.00% · institutions 88.20% · other public 0.20%

  3. To declare a dividend on Equity Shares for the financial year ended March 31, 2026.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.61%

    Turnout: all 72.01% · promoters 100.00% · institutions 88.21% · other public 0.20%

  4. To appoint a Director in place of Mr. N. Chandrasekaran (DIN: 00121863), who retires by rotation and being eligible, offers himself for re-appointment.
    Ordinary
    95.82% for4.18% against

    Against: promoters 0.00% · institutions 11.96% · other public 13.18%

    Turnout: all 72.01% · promoters 100.00% · institutions 88.21% · other public 0.20%

  5. Appointment of Ms. Nishi Vasudeva (DIN: 03016991)as a Director and as an Independent Director.
    Special
    99.85% for0.15% against

    Against: promoters 0.00% · institutions 0.39% · other public 13.40%

    Turnout: all 72.01% · promoters 100.00% · institutions 88.21% · other public 0.20%

  6. Appointment of Mr. Deepak Kapoor (DIN: 00162957) as a Director and as an Independent Director.
    Special
    94.41% for5.59% against

    Against: promoters 0.00% · institutions 16.01% · other public 19.46%

    Turnout: all 71.98% · promoters 100.00% · institutions 88.09% · other public 0.20%

  7. Ratification of Cost Auditor’s Remuneration.
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 8.82%

    Turnout: all 72.01% · promoters 100.00% · institutions 88.21% · other public 0.20%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Postal ballot, 18 Mar 2026, 6 resolutions

43,24,459 shareholders on the register on 6 Feb 2026; votes counted by Mr. P. N. Parikh / M/s. Parikh & Associates.The company's voting result (opens in a new tab)

  1. Material Related Party Transaction(s) with Tata Projects Limited
    OrdinaryPromoters have an interest in it
    99.97% for0.03% against

    Against: promoters 0.00% · institutions 0.00% · other public 6.36%

    Turnout: all 25.03% · promoters 0.00% · institutions 90.04% · other public 0.43%

  2. Material Related Party Transaction(s) with Tata Steel Limited
    OrdinaryPromoters have an interest in it
    99.97% for0.03% against

    Against: promoters 0.00% · institutions 0.00% · other public 6.22%

    Turnout: all 25.02% · promoters 0.00% · institutions 90.04% · other public 0.42%

  3. Material Related Party Transaction(s) between Tata Power Renewable Energy Limited and TP Solar Limited
    OrdinaryPromoters have an interest in it
    99.97% for0.03% against

    Against: promoters 0.00% · institutions 0.00% · other public 6.23%

    Turnout: all 25.02% · promoters 0.00% · institutions 90.04% · other public 0.42%

  4. Material Related Party Transaction(s) between Tata Power Renewable Energy Limited and TP Vardhaman Surya Limited
    OrdinaryPromoters have an interest in it
    99.97% for0.03% against

    Against: promoters 0.00% · institutions 0.00% · other public 6.26%

    Turnout: all 25.02% · promoters 0.00% · institutions 90.04% · other public 0.42%

  5. Material Related Party Transaction(s) between TP Central Odisha Distribution Limited and GRIDCO Limited
    OrdinaryPromoters have an interest in it
    99.97% for0.03% against

    Against: promoters 0.00% · institutions 0.00% · other public 6.29%

    Turnout: all 25.02% · promoters 0.00% · institutions 90.04% · other public 0.42%

  6. Material Related Party Transaction(s) between TP Western Odisha Distribution Limited and GRIDCO Limited
    OrdinaryPromoters have an interest in it
    99.97% for0.03% against

    Against: promoters 0.00% · institutions 0.00% · other public 6.26%

    Turnout: all 25.02% · promoters 0.00% · institutions 90.04% · other public 0.42%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 4 Jul 2025, 9 resolutions

46,56,963 shareholders on the register on 27 Jun 2025; present: 6 promoters and 233 others; votes counted by P.N. Parikh / Parikh and Associates.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt the Audited Standalone Financial Statements of the Company for the financial year ended March 31, 2025, together with the Reports of the Board of Directors and the Auditors thereon.MoreLess
    Ordinary
    99.96% for0.04% against

    Against: promoters 0.00% · institutions 0.13% · other public 0.87%

    Turnout: all 70.40% · promoters 100.00% · institutions 89.33% · other public 0.25%

  2. To receive, consider and adopt the Audited Consolidated Financial Statements of the Company for the financial year ended March 31, 2025, together with the Report of the Auditors thereon.
    Ordinary
    99.96% for0.04% against

    Against: promoters 0.00% · institutions 0.13% · other public 0.87%

    Turnout: all 70.40% · promoters 100.00% · institutions 89.33% · other public 0.25%

  3. To declare a dividend on Equity Shares for the financial year ended March 31, 2025.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.94%

    Turnout: all 70.40% · promoters 100.00% · institutions 89.35% · other public 0.25%

  4. To appoint a Director in place of Mr Saurabh Agrawal (DIN 02144558) who retires by rotation and being eligible offers himself for re-appointment
    Ordinary
    98.76% for1.24% against

    Against: promoters 0.00% · institutions 3.70% · other public 2.35%

    Turnout: all 70.40% · promoters 100.00% · institutions 89.35% · other public 0.25%

  5. Appointment of Mr Pramod Agrawal (DIN 00279727) as a Director and as an Independent Director
    Special
    99.95% for0.05% against

    Against: promoters 0.00% · institutions 0.13% · other public 2.18%

    Turnout: all 70.40% · promoters 100.00% · institutions 89.35% · other public 0.25%

  6. Appointment of Secretarial Auditor
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.90%

    Turnout: all 70.40% · promoters 100.00% · institutions 89.35% · other public 0.25%

  7. Ratification of Cost Auditors Remuneration
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.86%

    Turnout: all 70.40% · promoters 100.00% · institutions 89.35% · other public 0.25%

  8. Borrowing limits of the Company
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 2.18%

    Turnout: all 70.40% · promoters 100.00% · institutions 89.35% · other public 0.25%

  9. Creation of charges on assets of the Company
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 2.76%

    Turnout: all 70.40% · promoters 100.00% · institutions 89.35% · other public 0.25%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Postal ballot, 17 Mar 2025, 11 resolutions

48,22,800 shareholders on the register on 31 Jan 2025; votes counted by Mr. P. N. Parikh / M/s. Parikh & Associates.The company's voting result (opens in a new tab)

  1. Material Related Party Transaction(s) between The Tata Power Company Limited and/or Tata Power International Pte Limited with PT Kaltim Prima Coal
    OrdinaryPromoters have an interest in it
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.89%

    Turnout: all 22.00% · promoters 0.00% · institutions 86.49% · other public 0.42%

  2. Material Related Party Transaction(s) with Tata Projects Limited
    OrdinaryPromoters have an interest in it
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.69%

    Turnout: all 22.00% · promoters 0.00% · institutions 86.49% · other public 0.42%

  3. Material Related Party Transaction(s) with Tata Steel Limited
    OrdinaryPromoters have an interest in it
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.69%

    Turnout: all 22.00% · promoters 0.00% · institutions 86.49% · other public 0.42%

  4. Material Related Party Transaction(s) between Tata Power Delhi Distribution Limited and Tata Power Trading Company Limited
    OrdinaryPromoters have an interest in it
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.82%

    Turnout: all 22.00% · promoters 0.00% · institutions 86.49% · other public 0.42%

  5. Material Related Party Transaction(s) between Tata Power Trading Company Limited and Maithon Power Limited
    OrdinaryPromoters have an interest in it
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.75%

    Turnout: all 22.00% · promoters 0.00% · institutions 86.49% · other public 0.42%

  6. Material Related Party Transaction(s) between Tata Power Renewable Energy Limited and TP Solar Limited
    OrdinaryPromoters have an interest in it
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.68%

    Turnout: all 22.00% · promoters 0.00% · institutions 86.49% · other public 0.42%

  7. Material Related Party Transaction(s) between Tata Power Renewable Energy Limited and TP Vardhaman Surya Limited
    OrdinaryPromoters have an interest in it
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.98%

    Turnout: all 22.00% · promoters 0.00% · institutions 86.49% · other public 0.42%

  8. Material Related Party Transaction(s) between TP Central Odisha Distribution Limited and GRIDCO Limited
    OrdinaryPromoters have an interest in it
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.81%

    Turnout: all 22.00% · promoters 0.00% · institutions 86.49% · other public 0.42%

  9. Material Related Party Transaction(s) between TP Western Odisha Distribution Limited and GRIDCO Limited
    OrdinaryPromoters have an interest in it
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.86%

    Turnout: all 22.00% · promoters 0.00% · institutions 86.49% · other public 0.42%

  10. Material Related Party Transaction(s) between TP Southern Odisha Distribution Limited and GRIDCO Limited
    OrdinaryPromoters have an interest in it
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.88%

    Turnout: all 22.00% · promoters 0.00% · institutions 86.49% · other public 0.42%

  11. Material Related Party Transaction(s) between TP Northern Odisha Distribution Limited and GRIDCO Limited
    OrdinaryPromoters have an interest in it
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.89%

    Turnout: all 22.00% · promoters 0.00% · institutions 86.49% · other public 0.42%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 16 Jul 2024, 6 resolutions

Present: 6 promoters and 214 others.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt the Audited Standalone Financial Statements of the Company for the financial year ended March 31, 2024, together with the Reports of the Board of Directors and the Auditors thereon.MoreLess
    Ordinary
    99.95% for0.05% against

    Against: promoters 0.00% · institutions 0.15% · other public 0.09%

    Turnout: all 68.16% · promoters 100.00% · institutions 84.00% · other public 0.23%

  2. To receive, consider and adopt the Audited Consolidated Financial Statements of the Company for the financial year ended March 31, 2024, together with the Report of the Auditors thereon.
    Ordinary
    99.95% for0.05% against

    Against: promoters 0.00% · institutions 0.15% · other public 0.07%

    Turnout: all 68.16% · promoters 100.00% · institutions 84.00% · other public 0.23%

  3. To declare a dividend on Equity Shares for the financial year ended March 31, 2024.
    Ordinary
    99.94% for0.06% against

    Against: promoters 0.00% · institutions 0.18% · other public 0.07%

    Turnout: all 68.17% · promoters 100.00% · institutions 84.02% · other public 0.23%

  4. To appoint a Director in place of Mr. N. Chandrasekaran (DIN: 00121863), who retires by rotation and being eligible, offers himself for re-appointment.
    Ordinary
    96.24% for3.76% against

    Against: promoters 0.00% · institutions 12.06% · other public 0.89%

    Turnout: all 68.17% · promoters 100.00% · institutions 84.02% · other public 0.23%

  5. Appointment of Mr. Tarun Bajaj (DIN: 02026219) as a Director and as an Independent Director.
    Special
    99.96% for0.04% against

    Against: promoters 0.00% · institutions 0.13% · other public 1.10%

    Turnout: all 68.16% · promoters 100.00% · institutions 84.02% · other public 0.23%

  6. Ratification of Cost Auditor’s Remuneration.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.04%

    Turnout: all 68.16% · promoters 100.00% · institutions 84.02% · other public 0.23%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Postal ballot, 28 Mar 2024, 9 resolutions

The company's voting result (opens in a new tab)

  1. Re-appointment of Mr. Ashok Sinha (DIN: 00070477) as an Independent Director for a second term
    Special
    98.12% for1.88% against

    Against: promoters 0.00% · institutions 5.99% · other public 3.06%

    Turnout: all 68.36% · promoters 100.00% · institutions 83.27% · other public 0.55%

  2. Material Related Party Transaction(s) with PT Kaltim Prima Coal
    OrdinaryPromoters have an interest in it
    99.83% for0.17% against

    Against: promoters 0.00% · institutions 0.15% · other public 2.94%

    Turnout: all 21.45% · promoters 0.00% · institutions 83.08% · other public 0.55%

  3. Material Related Party Transaction(s) with Tata Projects Limited
    OrdinaryPromoters have an interest in it
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 0.00% · other public 2.49%

    Turnout: all 21.45% · promoters 0.00% · institutions 83.08% · other public 0.55%

  4. Material Related Party Transaction(s) with Tata Steel Limited
    OrdinaryPromoters have an interest in it
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 0.00% · other public 2.48%

    Turnout: all 21.45% · promoters 0.00% · institutions 83.08% · other public 0.55%

  5. Material Related Party Transaction(s) with Tata Power Renewable Energy Limited
    OrdinaryPromoters have an interest in it
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 0.00% · other public 2.43%

    Turnout: all 21.45% · promoters 0.00% · institutions 83.08% · other public 0.55%

  6. Material Related Party Transaction(s) between Tata Power Trading Company Limited and Maithon Power Limited
    OrdinaryPromoters have an interest in it
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 0.00% · other public 2.55%

    Turnout: all 21.45% · promoters 0.00% · institutions 83.08% · other public 0.55%

  7. Material Related Party Transaction(s) between Tata Power Delhi Distribution Limited and Tata Power Trading Company Limited
    OrdinaryPromoters have an interest in it
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 0.00% · other public 2.45%

    Turnout: all 21.45% · promoters 0.00% · institutions 83.08% · other public 0.55%

  8. Material Related Party Transaction(s) between Tata Power Solar Systems Limited and TP Vardhaman Surya Limited
    OrdinaryPromoters have an interest in it
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 0.00% · other public 2.46%

    Turnout: all 21.45% · promoters 0.00% · institutions 83.08% · other public 0.54%

  9. Material Related Party Transaction(s) between Tata Power Renewable Energy Limited and TP Vardhaman Surya Limited
    OrdinaryPromoters have an interest in it
    98.34% for1.66% against

    Against: promoters 0.00% · institutions 1.65% · other public 2.54%

    Turnout: all 21.45% · promoters 0.00% · institutions 83.08% · other public 0.55%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Postal ballot, 25 Sep 2023, 2 resolutions

The company's voting result (opens in a new tab)

  1. Approval of The Tata Power Company Limited - Employee Stock Option Plan 2023
    Special
    99.16% for0.84% against

    Against: promoters 0.00% · institutions 2.68% · other public 5.01%

    Turnout: all 67.94% · promoters 100.00% · institutions 82.23% · other public 0.88%

  2. Approval to extension and grant of employee stock Option to the eligible employees of group company(ies) including Subsidiary Company(ies) or associate company(ies) under The Tata Power Company Limited Employee Stock Option Plan 2023MoreLess
    Special
    93.70% for6.30% against

    Against: promoters 0.00% · institutions 20.48% · other public 5.54%

    Turnout: all 67.94% · promoters 100.00% · institutions 82.23% · other public 0.88%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 19 Jun 2023, 6 resolutions

Present: 3 promoters and 178 others.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt the Audited Financial Statements of the Company for the financial year ended March 31, 2023, together with the Reports of the Board of Directors and the Auditors thereon.MoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.11%

    Turnout: all 67.77% · promoters 100.00% · institutions 84.37% · other public 0.76%

  2. To receive, consider and adopt the Audited Consolidated Financial Statements ofnthe Company for the financial year ended March 31, 2023, together with the Reportnof the Auditors thereon.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.11%

    Turnout: all 67.77% · promoters 100.00% · institutions 84.37% · other public 0.76%

  3. To declare a dividend on Equity Shares for the financial year ended March 31, 2023.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.11%

    Turnout: all 67.77% · promoters 100.00% · institutions 84.39% · other public 0.76%

  4. To appoint a Director in place of Mr. Hemant Bhargava (DIN:01922717), who retiresnby rotation and, being eligible, offers himself for re-appointment.
    Ordinary
    92.30% for7.70% against

    Against: promoters 0.00% · institutions 25.25% · other public 0.56%

    Turnout: all 67.74% · promoters 100.00% · institutions 84.26% · other public 0.75%

  5. Re-appointment of Dr. Praveer Sinha (DIN: 01785164) as CEO & Managing Director
    Ordinary
    99.03% for0.97% against

    Against: promoters 0.00% · institutions 3.18% · other public 0.64%

    Turnout: all 67.77% · promoters 100.00% · institutions 84.39% · other public 0.75%

  6. Ratification of Cost Auditor’s Remuneration
    OrdinaryPromoters have an interest in it
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.47%

    Turnout: all 67.77% · promoters 100.00% · institutions 84.39% · other public 0.75%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

How mutual funds voted

Fund houses must disclose how they vote at every meeting of a company they hold.Funds that hold it

Mutual fund votes, meeting of 7 Jul 2026, 15 fund houses so far (houses' deadline to file 15 Oct 2026)

  • To receive, consider and adopt the Audited Standalone Financial Statements of the Company for the financial year ended March 31, 2026, together with the Reports of the Board of Directors and the Auditors thereon.MoreLess
    15 for0 against
  • To receive, consider and adopt the Audited Consolidated Financial Statements of the Company for the financial year ended March 31, 2026, together with the Report of the Auditors thereon.
    15 for0 against
  • To declare a dividend on Equity Shares for the financial year ended March 31, 2026.
    15 for0 against
  • To appoint a Director in place of Mr. N. Chandrasekaran (DIN: 00121863), who retires by rotation and being eligible, offers himself for re-appointment.
    15 for0 against
  • Appointment of Ms. Nishi Vasudeva (DIN: 03016991)as a Director and as an Independent Director.
    15 for0 against
  • Appointment of Mr. Deepak Kapoor (DIN: 00162957) as a Director and as an Independent Director.
    Against Angel One Mutual Fund, DSP Mutual Fund, Edelweiss Mutual Fund, Jio BlackRock Mutual Fund, Navi Mutual Fund, Old Bridge Mutual Fund, Sundaram Mutual Fund
    • Angel One Mutual FundGovernance concern: Proposed term will lead to prolonged association with the Group.
    • DSP Mutual Fund, Jio BlackRock Mutual Fund, Old Bridge Mutual Fund, Sundaram Mutual FundDeepak Kapoor, 67, is a former Chairperson of PwC India. He was named partner in 1991 and was the Managing Director from 2007 to 2010 at PwC India. He has over three decades of experience in audit and experience in business advisory. He has experience in India and overseas across multiple industries including consumer industries products, manufacturing, telecom, technology, healthcare, entertainment and media. We note that he serves as an Independent Director on the board of Tata Steel Limited since April 2017. With the proposed appointment, his overall association with the Tata Group will exceed ten years. We do not support his reappointment as an Independent Director. The company should consider appointing him as a Non-Executive, Non-Independent Director instead.
    • Edelweiss Mutual Fund, Navi Mutual FundCompliant with law. Governance concern: Proposed term will lead to prolonged association with the Group of the Company i.e. more than 10 years. Mr. Deepak Kapoor has been serving on the Board of Tata Steel Ltd, a group company, since 2017. Upon completion of the proposed term as Independent Director, his aggregate association at the group level would exceed 10 years.
    8 for7 against
  • Ratification of Cost Auditor’s Remuneration.
    15 for0 against

Mutual fund votes, meeting of 18 Mar 2026, 36 fund houses

  • Material Related Party Transaction(s) with Tata Projects Limited
    36 for0 against
  • Material Related Party Transaction(s) with Tata Steel Limited
    36 for0 against
  • Material Related Party Transaction(s) between Tata Power Renewable Energy Limited and TP Solar Limited
    36 for0 against
  • Material Related Party Transaction(s) between Tata Power Renewable Energy Limited and TP Vardhaman Surya Limited
    36 for0 against
  • Material Related Party Transaction(s) between TP Central Odisha Distribution Limited and GRIDCO Limited
    36 for0 against
  • Material Related Party Transaction(s) between TP Western Odisha Distribution Limited and GRIDCO Limited
    36 for0 against
6 earlier meetings

Mutual fund votes, meeting of 4 Jul 2025, 35 fund houses

Each resolution counts the houses whose vote was matched to it; the rest are listed last.

  • To receive, consider and adopt the Audited Standalone Financial Statements of the Company for the financial year ended March 31, 2025, together with the Reports of the Board of Directors and the Auditors thereon.MoreLess
    34 for0 against
  • To receive, consider and adopt the Audited Consolidated Financial Statements of the Company for the financial year ended March 31, 2025, together with the Report of the Auditors thereon.
    34 for0 against
  • To declare a dividend on Equity Shares for the financial year ended March 31, 2025.
    34 for0 against
  • To appoint a Director in place of Mr Saurabh Agrawal (DIN 02144558) who retires by rotation and being eligible offers himself for re-appointment
    34 for0 against
  • Appointment of Mr Pramod Agrawal (DIN 00279727) as a Director and as an Independent Director
    34 for0 against
  • Appointment of Secretarial Auditor
    35 for0 against
  • Ratification of Cost Auditors Remuneration
    35 for0 against
  • Borrowing limits of the Company
    9 for0 against
  • Creation of charges on assets of the Company
    33 for0 against
8 proposals not matched to one resolution
  • Item 1, as a fund house numbered it
    1 for0 against
  • Item 2, as a fund house numbered it
    1 for0 against
  • Item 3, as a fund house numbered it
    1 for0 against
  • Item 4, as a fund house numbered it
    1 for0 against
  • Item 5, as a fund house numbered it
    1 for0 against
  • 8. To borrow from time to time, any sum or sums of money, together with the money already borrowed by the Company (apart from temporary Loans obtained or to be obtained from the Company’s Bankers in the ordinary course of business) upto Rs. 35,000 crore if the aggregate for the time being of the paid-up capital of the Company, its free reserves and securities premium is less than Rs. 35,000 crore.MoreLess
    1 for0 against
  • To borrow from time to time, any sum or sums of money, together with the money already borrowed by the Company (apart from temporary Loans obtained or to be obtained from the Company’s Bankers in the ordinary course of business) upto Rs. 35,000 crore if the aggregate for the time being of the paid-up capital of the Company, its free reserves and securities premium is less than Rs. 35,000 crore.MoreLess
    25 for0 against
  • To create such charges, mortgages and hypothecations in addition to the existing charges, mortgages and hypothecations created by the Company, on such movable and immovable properties, both present and future, and in such manner as the Board may deem fit, together with the power to take over the management and concern of the Company in certain events, to or in favour of all or any of the financial institutions/ banks/ insurance companies/other investing agencies/trustees for holders of debentures/ bonds/other instruments which may be issued to and subscribed by all or any of the financial institutions/ banks/insurance companies/other investing agencies or any other person(s)/bodies corporate by way of private placement or otherwise to secure rupee/foreign currency loans, debentures, bonds or other instruments (hereinafter collectively referred to as Loans) provided that the total amount of Loans together with interest thereon at the respective agreed rates, additional interest, compound interest, liquidated damages, commitment charges, premia on pre-payment or on redemption, costs, charges, expenses and all other moneys payable by the Company to the aforesaid parties or any of them under the Agreements/ Arrangements entered into/to be entered into by the Company in respect of the said Loans, shall not at any time exceed the limit of Rs. 43,750 crore.MoreLess
    2 for0 against

Mutual fund votes, meeting of 17 Mar 2025, 29 fund houses

  • Material Related Party Transaction(s) between The Tata Power Company Limited and/or Tata Power International Pte Limited with PT Kaltim Prima Coal
    29 for0 against
  • Material Related Party Transaction(s) with Tata Projects Limited
    29 for0 against
  • Material Related Party Transaction(s) with Tata Steel Limited
    29 for0 against
  • Material Related Party Transaction(s) between Tata Power Delhi Distribution Limited and Tata Power Trading Company Limited
    29 for0 against
  • Material Related Party Transaction(s) between Tata Power Trading Company Limited and Maithon Power Limited
    29 for0 against
  • Material Related Party Transaction(s) between Tata Power Renewable Energy Limited and TP Solar Limited
    29 for0 against
  • Material Related Party Transaction(s) between Tata Power Renewable Energy Limited and TP Vardhaman Surya Limited
    29 for0 against
  • Material Related Party Transaction(s) between TP Central Odisha Distribution Limited and GRIDCO Limited
    29 for0 against
  • Material Related Party Transaction(s) between TP Western Odisha Distribution Limited and GRIDCO Limited
    29 for0 against
  • Material Related Party Transaction(s) between TP Southern Odisha Distribution Limited and GRIDCO Limited
    29 for0 against
  • Material Related Party Transaction(s) between TP Northern Odisha Distribution Limited and GRIDCO Limited
    29 for0 against

Mutual fund votes, meeting of 16 Jul 2024, 28 fund houses

Each resolution counts the houses whose vote was matched to it; the rest are listed last.

  • To receive, consider and adopt the Audited Standalone Financial Statements of the Company for the financial year ended March 31, 2024, together with the Reports of the Board of Directors and the Auditors thereon.MoreLess
    27 for0 against
  • To receive, consider and adopt the Audited Consolidated Financial Statements of the Company for the financial year ended March 31, 2024, together with the Report of the Auditors thereon.
    27 for0 against
  • To declare a dividend on Equity Shares for the financial year ended March 31, 2024.
    27 for0 against
  • To appoint a Director in place of Mr. N. Chandrasekaran (DIN: 00121863), who retires by rotation and being eligible, offers himself for re-appointment.
    27 for0 against
  • Appointment of Mr. Tarun Bajaj (DIN: 02026219) as a Director and as an Independent Director.
    27 for0 against
  • Ratification of Cost Auditor’s Remuneration.
    27 for0 against
1 proposal not matched to one resolution
  • 1. To receive, consider and adopt the Audited Standalone Financial Statements of the Company for the financial year ended March 31, 2024, together with the Reports of the Board of Directors and the Auditors thereon. 2. To receive, consider and adopt the Audited Consolidated Financial Statements of the Company for the financial year ended March 31, 2024, together with the Report of the Auditors thereon. 3. To declare a dividend on Equity Shares for the financial year ended March 31, 2024 4. To appoint a Director in place of Mr. N. Chandrasekaran (DIN: 00121863), who retires by rotation and being eligible, offers himself for re-appointment. 5. Appointment of Mr. Tarun Bajaj (DIN: 02026219) as a Director and as an Independent Director. 6. Ratification of Cost Auditor’s Remuneration.MoreLess
    1 for0 against

Mutual fund votes, meeting of 28 Mar 2024, 26 fund houses

Each resolution counts the houses whose vote was matched to it; the rest are listed last.

  • Re-appointment of Mr. Ashok Sinha (DIN: 00070477) as an Independent Director for a second term
    Against Groww Mutual Fund, Kotak Mahindra Mutual Fund, Motilal Oswal Mutual Fund, PPFAS Mutual Fund, Zerodha Mutual Fund
    • Groww Mutual Fund, Motilal Oswal Mutual FundCompliant with law. Governance concern: Prolonged association with the group company.
    • Kotak Mahindra Mutual FundMr. Ashok Sinha, 72 years, has a 5 decades of experience in management. Even though no concern has been identified with the time commitment and profile of the director, the re-appointment will increase his tenure as an Independent Director for 11 years. We believe that the length of tenure is inversely proportionate to the independence of a director and against the spirit of the law. Hence voting against.
    • PPFAS Mutual FundProlonged association with the group company
    • Zerodha Mutual FundThe existence of prolonged associations with the Company/Group may infringe on the Independence of the proposed appointee.
    20 for5 against
  • Material Related Party Transaction(s) with PT Kaltim Prima Coal
    25 for0 against
  • Material Related Party Transaction(s) with Tata Projects Limited
    25 for0 against
  • Material Related Party Transaction(s) with Tata Steel Limited
    26 for0 against
  • Material Related Party Transaction(s) with Tata Power Renewable Energy Limited
    23 for0 against
  • Material Related Party Transaction(s) between Tata Power Trading Company Limited and Maithon Power Limited
    26 for0 against
  • Material Related Party Transaction(s) between Tata Power Delhi Distribution Limited and Tata Power Trading Company Limited
    26 for0 against
  • Material Related Party Transaction(s) between Tata Power Solar Systems Limited and TP Vardhaman Surya Limited
    26 for0 against
  • Material Related Party Transaction(s) between Tata Power Renewable Energy Limited and TP Vardhaman Surya Limited
    Against Bank of India Mutual Fund, DSP Mutual Fund, Invesco Mutual Fund, Mirae Asset Mutual Fund
    • Bank of India Mutual Fund, DSP Mutual FundTata Power Renewable Energy Limited (TPREL) is a 93.94% subsidiary of The Tata Power Company Limited. TPREL is primarily engaged in the business of generating electricity through renewables sources across the country. TPREL set-up power projects to generate electricity by way of wind, solar and other hybrid models.TP Vardhaman Surya Limited (TPVSL) is a 74% subsidiary of Tata Power Renewable Energy Limited and the balance 26% is held by Tata Steel Limited (TSL). It is engaged in production, collection, and distribution of electricity. TPVSL is setting up a power plant for which it has engaged a subsidiary of TPREL as an EPC contractor. The transaction is for lending of funds (Rs. 17.0 bn) and leasing of premises (Rs. 3.0 bn) by TPREL to TPVSL for setting up the power plant. The interest rates are at market conditions and on arm’s length basis. It is unclear if the financial support to TPVSL will be in the proportion of TPREL’s shareholding in the company. Given the lack of clarity, we do not support the resolution.
    • Invesco Mutual FundTata Power Renewable Energy Limited (TPREL) is a 93.94% subsidiary of The Tata Power Company Limited. TPREL is primarily engaged in the business of generating electricity through renewables sources across the country. TPREL set-up power projects to generate electricity by way of wind, solar and other hybrid models. TP Vardhaman Surya Limited (TPVSL) is a 74% subsidiary of Tata Power Renewable Energy Limited and the balance 26% is held by Tata Steel Limited (TSL). It is engaged in production, collection, and distribution of electricity. TPVSL is setting up a power plant for which it has engaged a subsidiary of TPREL as an EPC contractor. The transaction is for lending of funds (Rs. 17.0 bn) and leasing of premises (Rs. 3.0 bn) by TPREL to TPVSL for setting up the power plant. The interest rates are at market conditions and on arm’s length basis. It is unclear if the financial support to TPVSL will be in the proportion of TPREL’s shareholding in the company. Given the lack of clarity, we do not support the resolution.
    • Mirae Asset Mutual FundAs per advisory recommendation (Passive holding)
    18 for4 against
4 proposals not matched to one resolution
  • Approve material related party transactions between Tata Power Renewable Energy Limited (TPREL) and TP Vardhaman Surya Limited (TPVSL) aggregating upto Rs. 20.0 bn for FY25
    Against Sundaram Mutual Fund
    • Sundaram Mutual FundTata Power Renewable Energy Limited (TPREL) is a 93.94% subsidiary of The Tata Power Company Limited. TPREL is primarily engaged in the business of generating electricity through renewables sources across the country. TPREL set-up power projects to generate electricity by way of wind, solar and other hybrid models.TP Vardhaman Surya Limited (TPVSL) is a 74% subsidiary of Tata Power Renewable Energy Limited and the balance 26% is held by Tata Steel Limited (TSL). It is engaged in production, collection, and distribution of electricity. TPVSL is setting up a power plant for which it has engaged a subsidiary of TPREL as an EPC contractor. The transaction is for lending of funds (Rs. 17.0 bn) and leasing of premises (Rs. 3.0 bn) by TPREL to TPVSL for setting up the power plant. The interest rates are at market conditions and on arm’s length basis. It is unclear if the financial support to TPVSL will be in the proportion of TPREL’s shareholding in the company. Given the lack of clarity, we do not support the resolution.
    1 for1 against
  • Approve material related party transactions with Tata Power Renewable Energy Limited (TPREL) aggregating upto Rs. 17.0 bn for FY25
    2 for0 against
  • Material Related Party Transaction(s) between Tata Power Renewable Energy Limited and TP Vardhaman Surya Limited for an aggregate value not exceeding Rs.2,000 crore during FY25.
    2 for0 against
  • Material Related Party Transaction(s) with Tata Power Renewable Energy Limited for an aggregate value not exceeding Rs.1,700 crore during FY25.
    1 for0 against

Mutual fund votes, meeting of 25 Sep 2023, 22 fund houses

  • Approval of The Tata Power Company Limited - Employee Stock Option Plan 2023
    22 for0 against
  • Approval to extension and grant of employee stock Option to the eligible employees of group company(ies) including Subsidiary Company(ies) or associate company(ies) under The Tata Power Company Limited Employee Stock Option Plan 2023MoreLess
    Against HSBC Mutual Fund, Invesco Mutual Fund, JM Financial Mutual Fund, Motilal Oswal Mutual Fund, PGIM India Mutual Fund
    • HSBC Mutual FundThere is no compelling rationale for the grant of stock options to the employees of associate company(ies). There is scope to further improve the rationale for extending the benefits of the scheme to the employees of group/associate company(ies) given that they are not directly contributing to the performance of the company.
    • Invesco Mutual FundThrough a separate resolution, the company proposes to extend the scheme to the employees of its group companies including subsidiary and/or associate companies. While we support the grant of stock options to unlisted subsidiaries, the company must clarify the rationale of extending the scheme to employees of the associate companies.
    • JM Financial Mutual Fund, Motilal Oswal Mutual Fund, PGIM India Mutual FundCompliant with Law. Governance concern: ESOP Scheme extended to the employees of the associate companies without any compelling reasons
    17 for5 against

Mutual fund votes, meeting of 19 Jun 2023, 19 fund houses

Each resolution counts the houses whose vote was matched to it; the rest are listed last.

  • To receive, consider and adopt the Audited Financial Statements of the Company for the financial year ended March 31, 2023, together with the Reports of the Board of Directors and the Auditors thereon.MoreLess
    19 for0 against
  • To receive, consider and adopt the Audited Consolidated Financial Statements ofnthe Company for the financial year ended March 31, 2023, together with the Reportnof the Auditors thereon.
    3 for0 against
  • To declare a dividend on Equity Shares for the financial year ended March 31, 2023.
    19 for0 against
  • To appoint a Director in place of Mr. Hemant Bhargava (DIN:01922717), who retiresnby rotation and, being eligible, offers himself for re-appointment.
    Against Franklin Templeton Mutual Fund, HSBC Mutual Fund
    • Franklin Templeton Mutual Fund, HSBC Mutual FundA vote AGAINST this resolution is warranted because Hemant Bhargava has attended less than 75 percent of the board meetings over the most recent fiscal year, without a satisfactory explanation.
    17 for2 against
  • Re-appointment of Dr. Praveer Sinha (DIN: 01785164) as CEO & Managing Director
    19 for0 against
  • Ratification of Cost Auditor’s Remuneration
    19 for0 against
3 proposals not matched to one resolution
  • 2) Adoption of Audited Consolidated Financial Statements for the year ended March 31, 2023 and Auditors report thereon.
    1 for0 against
  • Accept Consolidated Financial Statements and Statutory Reports
    2 for0 against
  • To receive, consider and adopt the Audited Consolidated Financial Statements of the Company for the financial year ended March 31, 2023, together with the Report of the Auditors thereon.
    13 for0 against

Each fund house counted once, from its own disclosure; the reasons are its own words.

Fines

Reported in the filing for the quarter to Jun 2026.

  • Fine or penaltyOffice of the Commissioner of Customs KandlaSince 3 Apr 2026

    Upon receipt of four orders, an aggregate penalty amounting to Rs 65,000 was levied and paid

    Mundra Ultra Mega Power Projects (UMPP) for availing the Nil duty benefit under the Customs Import Regulation, 1986 during the project period

In the company's own words, from its latest governance filing.

Investor complaints and compliance

Quarter by quarter.

Investor complaints received and resolved, the company's own count

  • Received
  • Resolved

Open at the quarter's end

At most 10 complaints open, quarter to Jun 2026.
The board is made up as the listing rules require
Yes
The board has a regular chairperson
Yes
The company has a risk management committee
Yes
The chair is related to the managing director
No
The filing has a part on fines and penalties
Yes
The filing has a part on tax disputes
No
There was a cyber security incident in the quarter
No

The company's own answers in its filing.