Outcome of the Financial result for the quarter and half year ended September 30, 2026

TATA November 11, 2026 BSE Limited National Stock Exchange of India Limited Corporate Relationship Department Exchange Plaza, 5th Floor 1st Floor, New Trading Ring Plot No. C/1, G Block Rotunda Bldg., P. J. Towers Bandra-Kurla Complex Dalal Street, Fort Bandra (East) Mumbai – 400 001. Mumbai – 400 051. Scrip Code: 500400 Symbol: TATAPOWER Dear Sir/Madam, Outcome of the Board Meeting – November 11, 2026 In terms of Regulations 30, 33 and 52 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, we forward herewith the Audited Standalone Financial Results along with the Auditor's Report and Unaudited Consolidated Financial Results along with Limited Review Report of the Company for the quarter and half year ended September 30, 2026, which were approved and taken on record by the Board of Directors of the Company at its meeting held today. The Board Meeting commenced at 2:00 p.m. (IST) and concluded at 4:25 p.m. (IST). The Trading Window for the Company’s shares was closed from Thursday, September 24, 2026 and will open from Saturday, November 14, 2026. The above announcements are also being made available on the Company's website at www.tatapower.com. This is for your information and record. Yours Sincerely, For The Tata Power Company Limited Vispi S. Patel Company Secretary FCS 7021 Encl: As above TATA POWER The Tata Power Company Limited Registered Office Bombay House 24 Homi Mody Street Mumbai 400 001 Tel 91 22 6665 8282 Fax 91 22 6665 8801 Website: www.tatapower.com Email: tatapower@tatapower.com CIN: L28920MH1919PLC000567 SR BC& CO LLP 12th Floor, The Ruby 29 Senapati Bapat Marg Chartered Accountants Dadar (West) Mumbai -400 028, India Tel : +91 22 6819 8000 Independent Auditor's Review Report on the Quarterly and Year to Date Unaudited Consolidated Financial Results of the Company Pursuant to the Regulation 33 and 52 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended Review Report to The Board of Directors The Tata Power Company Limited 1. We have reviewed the accompanying Statement of Unaudited Consolidated Financial Results of The Tata Power Company Limited (the "Holding Company") and its subsidiaries (the Holding Company and its subsidiaries together referred to as "the Group"), its associates and joint ventures for the quarter ended September 30, 2026 and year to date from April 01, 2026 to September 30, 2026 (the "Statement") attached herewith, being submitted by the Holding Company pursuant to the requirements of Regulation 33 and 52 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (the "Listing Regulations"). 2. The Holding Company's Management is responsible for the preparation of the Statement in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34, (Ind AS 34) "Interim Financial Reporting" prescribed under Section 133 of the Companies Act. 2013 as amended, read with relevant rules issued thereunder and other accounting principles generally accepted in India and in compliance with Regulation 33 and 52 of the Listing Regulations. The Statement has been approved by the Holding Company's Board of Directors. Our responsibility is to express a conclusion on the Statement based on our review. 3. We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410, "Review of Interim Financial Information Performed by the Independent Auditor of the Entity" issued by the Institute of Chartered Accountants of India. This standard requires that we plan and perform the review to obtain moderate assurance as to whether the Statement is free of material misstatement. A review of interim financial information consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Standards on Auditing and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion. We also performed procedures in accordance with the Master Circular issued by the Securities and Exchange Board of India under Regulation 33(8) of the Listing Regulations, to the extent applicable. 4. The Statement includes the results of the following entities as per Annexure 1 5. Based on our review conducted and procedures performed as stated in paragraph 3 above and based on the consideration of the review/audit reports of other auditors referred to in paragraph 7 and 8 below, nothing has come to our attention that causes us to believe that the accompanying Statement, prepared in accordance with recognition and measurement principles laid down in the aforesaid Indian Accounting Standards ('Ind AS') specified under Section 133 of the Companies Act, 2013, as amended, read with relevant rules issued thereunder and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in terms of the Listing Regulations, including the manner in which it is to be disclosed, or that it contains any material misstatement. SR 6 C & CO LLP, a Limited Liability Partnership with LLP Identity No. AA8·4318 Regd. Office: 22, Camac Street, Block 'B', 3rd floor, Kolkata·700 016 SR BC& CO LLP Chartered Accountants The Tata Power Company Limited Page 2 of 6 6. We draw attention to Note 3 of the consolidated financial results wherein the Holding Company had received an unfavourable arbitration award seeking payment of USO 490.32 million and related costs and interest during the year ended March 31, 2026, for which appeals were filed by the Holding Company. During the quarter ended September 30, 2026, the Singapore International Commercial Court ("SICC") dismissed the Holding Company's appeal to set aside the award and subsequently an enforcement order has been issued by the SICC pursuant to which on 6th November, 2026, notices were served intimating attachment of the Holding Company's shareholding in certain Singapore subsidiaries by the Court-appointed Sheriff. Based on the advice of legal counsels, the Holding Company has filed notices of appeal before the Singapore Court of Appeal ('Apex Court') and is required to file its written submissions by November 23, 2026. Further, the Holding Company is in the process of filing objections to the Enforcement Order and proceedings and seeking a deferment of sale of shares from the Sheriff, considering the ongoing appeal before the Apex Court. Pending the final outcome of the Apex Court and Enforcement proceedings as mentioned in the aforesaid note, no adjustments have been made in the consolidated financial results for the quarter ended September 30, 2026 and the year to date results for the period from April 01. 2026 to September 30, 2026. Our opinion is not modified in respect of this matter. 7. The accompanying Statement includes the audited/unaudited interim financial results and other financial information, in respect of: • 6 subsidiaries, whose audited / unaudited interim financial results and other unaudited financial information include total assets of Rs. 23,432.39 crore as at September 30, 2026, total revenues of Rs. 3,384.15 crore and Rs. 6,399.40 crore, total net profit after tax of Rs. 161.42 crore and Rs. 289.22 crore, total comprehensive income of Rs. 161.50 crore and Rs. 289.38 crore, for the quarter ended September 30, 2026, and the period ended on that date respectively, and net cash outflows of Rs. 55.32 crore for the period from April 01, 2026, to September 30, 2026, as considered in the Statement which have been audited / reviewed by their respective independent auditors. • 2 associates and 5 joint ventures, whose audited / unaudited interim financial results / statements include Group's share of n [Showing first 8,000 characters — download PDF for full document]