BSECompany Update2d ago · 7 Nov 2026, 06:08 pm
Disclosure under Regulation 30 of SEBI ( Listing Obligation and Disclosure Requirements ) Regulation, 2015
Tata Power Company Ltd · 500400
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Tata Power Company Ltd has filed a notice of appeal against the judgment of the Singapore International Commercial Court in relation to the arbitration between the Company and Kleros Capital Partners Limited. The appeal is scheduled for hearing on January 19, 2027. The Company's shares in its two wholly owned subsidiaries in Singapore have been attached by the Court-appointed Sheriff.
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Earnings Impact5/10
Growth Catalyst2/10
Governance Concern8/10
Regulatory Risk9/10
Balance Sheet Risk6/10
Liquidity Impact4/10
Market Sentiment2/10
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Tata Power Company Ltd - 500400 - Disclosure Under Regulation 30 Of SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015.
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November 7, 2026
BSE Limited National Stock Exchange of India Limited
Corporate Relationship Department Exchange Plaza, C-1, Block G,
Phiroze Jeejeebhoy Towers Bandra-Kurla Complex,
Dalal Street Bandra (East)
Mumbai – 400 001. Mumbai – 400 051.
Scrip Code: 500400 Symbol: TATAPOWER
Dear Sir/Madam,
Disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements)
Regulations, 2015
In continuation of our (a) announcement dated July 2, 2025 concerning the arbitration between the Company
and Kleros Capital Partners Limited (‘Kleros’), (b) announcement in the Notes to the Company’s consolidated
financial results for Q2FY26 dated November 11, 2025, and (c) announcement dated August 26, 2026 about
Singapore International Commercial Court’s decision in relation to the Company’s challenge to the arbitral
awards dated July 1, 2025 and August 27, 2025, we wish to inform you of further developments on this
litigation/dispute. This disclosure is in compliance with Regulation 30 of the SEBI (Listing Obligations and
Disclosure Requirements) Regulations, 2015, as amended, read with SEBI Master Circular
HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026. The details are provided below:
Sr. No. Particulars Details
a) The details of any change in the status and The Company has filed notice of appeal before
/ or any development in relation to such the Singapore Court of Appeal on September 7,
proceedings 2026 against the judgment dated August 26, 2026
of the Singapore International Commercial Court.
This is within the prescribed period of limitation of
28 days from August 26, 2026.
The Singapore Court of Appeal has directed the
Company to file its detailed submissions by
November 23, 2026.
The appeal is scheduled for hearing before the
Court of Appeal on January 19, 2027.
Kleros had preferred application dated July 24,
2025 before the Singapore International
Commercial Court for enforcement of arbitral
award dated July 1, 2025. The Judgment to
enforce the arbitral award was given on
September 17, 2026.
In an application being SUM 110 filed by Kleros
before the Singapore International Commercial
Court, which is an ex parte proceeding, Order
dated October 26, 2026, was passed directing
officers of the Company to provide details of the
Company’s assets within 14 days.
On November 6, 2026, the Company’s two wholly
owned subsidiaries registered in Singapore
namely:
(i) Tata Power International Pte. Limited; and
(ii) Bhira Investments Pte. Limited
have been served notices intimating about
attachment of Company’s shares in the aforesaid
entities by the Court appointed Sheriff. The Sheriff
has also served copy of Order dated October 26,
2026 passed by Singapore International
Commercial Court in SUM110.
The Company’s aforesaid shares are pledged to
a consortium of lenders of the respective
subsidiaries.
The Company is seeking legal advice and will
take action, as deemed necessary, as per law.
b) In the case of litigation against key Not Applicable.
management personnel or its promoter or
ultimate person in control, regularly provide
details of any change in the status and / or
any development in relation to such
proceedings
c) In the event of settlement of the Not Applicable.
proceedings, details of such settlement
including - terms of the settlement,
compensation/penalty paid (if any) and
impact of such settlement on the financial
position of the listed entity.
This is for your information and records.
Yours Sincerely,
For The Tata Power Company Limited
Vispi S. Patel
Company Secretary
FCS 7021