Tata Power has a woman director; compliant with Sebi norms

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Tata Power Company today said it is fully compliant with all regulatory requirements of SEBI including on appointment of woman director on its board.

The company said it had last week appointment Sandhya S Kudtarkar as an Additional Director to comply with SEBI's requirement of having at least one woman director on board.

The company was reacting to a report that quoted leading data provider Prime Database to say that Tata Power was among 56 NSE-listed companies that do not have a woman director.

"We wish to categorically state that Tata Power is fully compliant with all regulatory requirements imposed by SEBI.

"The true and complete fact, is that, in terms of Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Tata Power appointed Sandhya S Kudtarkar as an Additional Director of the company effective April 16, 2016. The same has also been conveyed to the BSE by the company," it said.

In a statement, Tata Power said it has not flouted SEBI regulations and is truly committed to promoting gender diversity across the organisation, including in leadership roles.

"Any report to the contrary is factually incorrect and misleading," it added.