Outcome of Board Meeting

August 20, 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, Ref: Change in Key Managerial Personnel - Disclosure under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“Listing Regulations”) Sub: Outcome of the Board Meeting dated August 20, 2026 Pursuant to Regulation 30 of the Listing Regulations, we wish to inform you that the Board of Directors of the Company at its Meeting held today have: 1. Accepted the resignation tendered by Saurabh Mashruwala from the position of Chief Financial Officer and Whole Time Key Managerial Personnel of the Company w.e.f. close of business hours of August 20, 2026 due to planned retirement. 2. Approved the appointment of Vikas Poddar as Chief Financial Officer & Whole Time Key Managerial Personnel and Senior Management Personnel of the Company w.e.f. August 21, 2026. Consequent to the above: 1. Saurabh Mashruwala shall also cease to be Key Managerial Personnel authorised for the purpose of determining materiality of an event or information and for the purpose of making disclosures to stock exchange(s) under regulation 30 of the Listing Regulations with effect from close of business hours of August 20, 2026, and 2. Vikas Poddar shall be appointed as Key Managerial Personnel authorised for the purpose of determining materiality of an event or information and for the purpose of making disclosures to stock exchange(s) under regulation 30 of the Listing Regulations with effect from August 21, 2026. Details with respect to resignation of Saurabh Mashruwala and appointment of Vikas Poddar as required pursuant to Regulation 30 of Listing Regulations read with SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026 are attached as Annexure - A and Annexure – B respectively. The Board Meeting commenced at 05:00 pm and concluded at 5.18 pm. You are requested to take the above on record. Thanking you, Yours faithfully, For Torrent Power Limited Rahul Shah Company Secretary & Compliance Officer Annexure – A Details with respect to resignation of Saurabh Mashruwala, Chief Financial Officer and Key Managerial Personnel as required under Regulation 30(6) read with Schedule III Part A Para A(7) of the Listing Regulations and SEBI Circular No. HO/49/14/14(7)2025-CFD- POD2/I/3762/2026 dated January 30, 2026: Sr. No Details of events that needs to Information of such event(s) be provided 1 Reason for change viz. Pursuant to his planned retirement, Saurabh appointment, resignation, Mashruwala Chief Financial Officer and Key removal, death or otherwise Managerial Personnel of the Company has tendered his resignation. He will continue with the Company as ED till smooth transition. 2 Date of appointment/cessation Date of cessation - With effect from close of (as applicable) and term of business hours of August 20, 2026. appointment Term of appointment – Not Applicable 3 Brief Profile (in case of Not Applicable appointment) 4 Disclosure of relationships Not Applicable between directors (in case of appointment of a director) Annexure – B Details with respect to appointment of Vikas Poddar, Chief Financial Officer & Key Managerial Personnel and Senior Management Personnel as required under Regulation 30(6) read with Schedule III Part A Para A(7) of the Listing Regulations and SEBI Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026: Sr. No Details of events that needs to Information of such event(s) be provided 1 Reason for change viz. Vikas Poddar has been appointed as Chief appointment, resignation, Financial Officer and Key Managerial Personnel removal, death or otherwise of the Company. 2 Date of appointment/cessation Date of Appointment - With effect from August (as applicable) and term of 21, 2026. appointment Term of appointment – Not Applicable 3 Brief Profile (in case of Vikas Poddar is an MBA from the National appointment) University of Singapore and is a Chartered Accountant with over 27 years of experience. Prior to joining the Company, he was the Chief Financial Officer at Indus Towers, an Indian telecommunications infrastructure company with revenue of over USD 3.5B and listed on the stock exchanges. He progressed through various finance leadership roles at Vodafone, including Head of FP&A and Decision Support in India and Regional Finance Controller and Finance Director in the UK, contributing to strategic planning, digital transformation, and financial performance improvements. Prior to Vodafone, he held finance management positions at ITC Limited. 4 Disclosure of relationships Not Applicable between directors (in case of appointment of a director)