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ACROSS
1 Launch of trek - two years across Indian desert that is extremely oppressive (7) TYRANNY {Trek}{Y}{RANN}{Y}
5 Stoned master's locked up in tent (7) SMASHED {S{MAS}HED}
10 Retrograde act of Board (4) FOOD {DO}{OF}<=
11 Old British dailies covering case of extortion frequently (10) OFTENTIMES {O}{FT}{Ex...oN}{TIMES}
12 Stopped by firm, Unionist gets nothing free (6) UNCOIL {U}{N{CO}IL}
13 Keeps out previous suggestions about introduction of democracy (8) EXCLUDES {EX}{CLU{De...y}ES}
16 Surveys to cut upper-class taxes (5) SCOTS SCOuTS
17 Guerrilla tactics to hold back any which way (2,3) AT ALL [T<=]
19 Pitch in exact point about things to be accomplished (2-2,5) TO-DO LISTS {LIST} in {SO DOT}<=
23 Special, large power supply circuits organised to reverse traffic jams (5-3) SNARL-UPS {S}{L}{UPS} over {RAN<=}
24 Banks in control and constantly perceptive (6) CLEVER {Co,,,oL}{EVER}
26 Clear description of Company chairperson's position, perhaps? (5-5) ABOVE-BOARD [DD]
DOWN
3 Luxury car with ultimate in stereo sound (5) AUDIO {AUDI}{s...eO}
4 New bags for mugs (7) NOODLES {N}{OODLES}
6 Bully Avtaar is carrying raised stick (6) MENACE {M{CANE<=}E}
7 Trimmed Hibiscus chain evenly set out in Japanese decoration material (9) SHIBUICHI {HIBISCUs+cHaIn}*
9 Worries picked up by model amidst a long, unending spell of concentration (9,4) ATTENTION SPAN {(~tension)(TENTION}{T} in {A}{SPAN}
15 London suburb reached through European capital first, after bypassing Germany (9) BELGRAVIA {VIA}<=>{BELGRAde}
18 Spooner folded Edward's camp cot (4,3) TENT BED (~bent ted to tent bed)
20 Instructions to computers hidden in poems by wacky cop (7) OPCODES {ODES}<=>{COP}*
21 Short photo set customised for crème de la crème (3,4) THE TOPS {PHOTo+SET}
22 "Mother India" captivates retired sailor in Bollywood location (6) MUMBAI {MUM}{AB<=}{I}
25 Follow tennis Queen regularly (5) ENSUE {tEnNiS+qUeEn}
Reference List
Year = Y, Old = O, British dailies = FT, TIMES, Unionistv = U, Upper-class = U, Special = S, Large = L, New = N, Model = T, Germany = DE, India = I, Sailor =AB