Shareholders meeting

July 10, 2026 To, To, Corporate Relationship Department Listing Department BSE Limited, National Stock Exchange of India Limited 14th Floor, P. J. Towers, "Exchange Plaza", C-1, Block G, Dalal Street, Fort, Bandra- Kurla Complex, Mumbai – 400 001 Bandra (East), Mumbai – 400 051 SCRIP CODE: 532779 SCRIP SYMBOL: TORNTPOWER Dear Sir / Madam, Sub: Notice of 22nd Annual General Meeting (“AGM”) along with Integrated Annual Report of the Company for FY 2025-26 We would like to inform that 22nd AGM of the Members of the Company is scheduled to be held on Monday, August 03, 2026 at 09:30 am IST through Video Conferencing / Other Audio-Visual Means in terms of applicable circulars issued by the Ministry of Corporate Affairs and by Securities and Exchange Board of India (“SEBI”), to transact the businesses, as set out in the Notice of AGM. Pursuant to Regulation 34 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we enclose herewith Notice of AGM along with Integrated Annual Report for FY 2025-26, which is being sent to all the Members of the Company whose E-mail IDs are registered with the Company / Registrar and Transfer Agent / Depository Participant(s). The Members whose E-mail IDs are not registered, a letter providing a web-link and path for accessing Notice of the AGM and Integrated Annual Report for FY 2025-26 is being sent. Further, the Company is pleased to provide e-voting facility through Central Depository Services (India) Ltd (CDSL) to the Members holding shares in physical or in dematerialised form, as on cut-off date i.e. Monday, July 27, 2026 to cast their votes by using remote e-voting and e-voting during the AGM on the resolutions as set forth in the Notice of AGM. Integrated Annual Report containing the Notice of AGM is also uploaded on Company’s website at www.torrentpower.com. You are requested to take the same on record. Thanking you. Yours faithfully, For Torrent Power Limited Rahul Shah Company Secretary & Compliance Officer Encl.: As above Torrent Power Limited Integrated Annual Report 2025-26 Building Core Strength Unlocking Future Potential About the Report Forward to Readers Regulatory Compliance maintain operational resilience and create sustainable outcomes across Torrent Power Limited ('Torrent Power', This report meets statutory our ecosystem. 'The Company', or 'We') proudly requirements in accordance with: presents its fifth Integrated Annual By embedding ESG considerations into • Companies Act, 2013 (including Report for FY26. This Report provides our operations and aligning our efforts applicable rules) a transparent and holistic view of with the United Nations Sustainable • Indian Accounting Standards (Ind AS) our performance, governance, and Development Goals (SDGs), we • SEBI (Listing Obligations and impact across both financial and continue to support India's energy Disclosure Requirements) non-financial dimensions. We invite transition while delivering reliable and Regulations, 2015 our stakeholders to engage with us as responsible power solutions. • Secretarial Standards issued we continue to power a smarter, more by the Institute of Company resilient tomorrow. Responsibility Statement Secretaries of India Our Board of Directors affirms the Frameworks, Guidelines, Reporting Period, integrity, balance, and completeness and Standards Boundary and Scope of this Report, ensuring alignment with the principles of the Integrated Our Report is prepared in adherence • Period Covered: April 1, 2025, to Reporting Framework. to globally recognised frameworks and March 31, 2026 standards to ensure transparency, • Boundary & Scope: Our disclosures Restatements of accountability, and comparability. It provide a comprehensive view of aligns with: operations of Torrent Power and Information • Integrated Reporting (IR) it's Subsidiaries across: Restatements of information, wherever Framework – Developed by the − Thermal Generation applicable, have been clearly disclosed International Integrated Reporting − Renewable Generation in the relevant sections along with Council (IIRC), now part of the − Licensed Distribution appropriate explanations. IFRS Foundation − Franchised Distribution We Value Your Feedback! − Transmission • Global Reporting Initiative (GRI) – Key sustainability performance Integrated Thinking Your insights help us refine our metrics mapped to GRI Standards reporting and sustainability practices. At Torrent Power, integrated We encourage you to share your views • Sustainability Accounting thinking shapes how we plan, at esg@torrentpower.com Standards Board (SASB) operate and deliver outcomes. We • United Nations Sustainable recognise that long-term growth Forward-looking Development Goals (UN SDGs) depends on maintaining strong and Statements responsible relationships with our • United Nations Global Compact key stakeholders—capital providers, This Report contains forward- (UNGC) employees, suppliers, customers, looking statements based on current • National Guidelines for communities and the environment. expectations. Actual results may differ Responsible Business Conduct from those expressed or implied due Every strategic decision is therefore (NGRBC) to future developments and external guided by the need to balance factors. Torrent Power assumes no diverse stakeholder expectations obligation to update or revise such while managing opportunities and statements based on subsequent potential trade-offs. This approach developments, information or events enables us to strengthen trust, post-publication. About Torrent Power What’s Inside Torrent Power is among India's leading integrated Introducing the Report power utilities, serving ~4.3 million customers and Theme Introduction 02 having a footprint across 10 states and 1 Union Territory, with operations spanning the entire energy Corporate Profile value chain. Supported by a balanced portfolio of Introducing our New Identity 04 clean renewable capacity and efficient thermal Guided by Purpose, Anchored by Values 05 generation, along with advanced transmission Key Performance Highlights 06 Who We Are 08 networks and customer-centric distribution systems, Message from the Chairman 10 we deliver electricity that is reliable, affordable and Our Strategy 14 sustainable. Value Creation Model 18 Our Operating Environment 20 Scrip Codes Our Business 22 Awards and Accolades 40 BSE: 532779 Corporate Governance NSE: TORNTPOWER Corporate Governance Framework 44 C65,822 Chairman Emeritus & Board of Directors 46 Risk Management 48 Data Privacy and Cybersecurity 54 ESG Focus Market Capitalisation (As at 31st March, 2026) Double Materiality Assessment 60 Stakeholder Engagement 68 Stakeholders Capital Providers 70 Employees 76 Suppliers 100 Customers 106 Communities 114 Environment 126 Statutory Reports Notice 140 Board's Report 159 Management Discussion and Analysis 191 Business Responsibility & Sustainability Report 208 Report on Corporate Governance 270 Financial Statements Standalone Financial Report 288 Consolidated Financial Report 434 Annexures Read our Integrated Report online at IR Assurance Report 567 www.torrentpower.com GRI Index 578 Glossary of Abbreviation 583 Corporate Information 587 Building Core Strength Unlocking Future Potential FY 2025–26 marks a pivotal phase in our evolution where operational resilience meets forward-looking ambition. As India's energy landscape undergoes a profound transformation, we are strengthening our core foundations while advancing a growth strategy aligned to the long-term trajectory of the energy transition. Building Core Strength Unlocking Future Potential Our integrated business model We are accelerating India's transition spanning generation, distribution, to clean, secure, and accessible and transmission provides the scale, energy with the scale and conviction diversification, and resilience required this moment demands. Our ~4 GW to serve India's energy needs reliably renewable pipeline spanning wi [Showing first 8,000 characters — download PDF for full document]