Disclosure under Regulation 30 of SEBI LODR Regulations

Nature of Disclosure: Regulatory filing regarding developments in ongoing arbitration proceedings between Tata Power and Kleros Capital Partners Limited in Singapore courts.

Key Developments:

Appeal Proceedings:

  • The Company filed a notice of appeal before the Singapore Court of Appeal on September 7, 2026 against the Singapore International Commercial Court's judgment dated August 26, 2026
  • The appeal was filed within the prescribed limitation period of 28 days from August 26, 2026
  • The Singapore Court of Appeal has directed the Company to file detailed submissions by November 23, 2026
  • The appeal hearing is scheduled for January 19, 2027

Enforcement Actions:

  • Kleros had filed an application dated July 24, 2025 before the Singapore International Commercial Court for enforcement of arbitral award dated July 1, 2025
  • Judgment to enforce the arbitral award was given on September 17, 2026
  • In application SUM 110 filed by Kleros (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

Asset Attachment:

  • On November 6, 2026, the Company's two wholly owned Singapore subsidiaries received notices of attachment:
  • Tata Power International Pte. Limited
  • Bhira Investments Pte. Limited
  • The Court-appointed Sheriff served notices intimating attachment of Company's shares in these entities
  • The Sheriff also served copy of the Order dated October 26, 2026 passed by Singapore International Commercial Court in SUM110
  • The Company's shares in these subsidiaries are pledged to a consortium of lenders of the respective subsidiaries

Company Response:

  • The Company is seeking legal advice and will take action as deemed necessary as per law

Additional Context:

  • This disclosure continues previous announcements dated July 2, 2025, November 11, 2025 (Q2FY26 results notes), and August 26, 2026
  • The matter relates to arbitration between the Company and Kleros Capital Partners Limited
  • Sections regarding litigation against key management personnel/promoter and settlement details are marked "Not Applicable"

Financial Impact: Financial impact not quantified in the disclosure.

Regulatory Compliance: This disclosure is made under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with SEBI Master Circular HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.