NHPC Limited has informed the Exchange about Copy of Newspaper Publication published on 29.08.2025 in respect of meeting of equity shareholders, secured and unsecured creditors (Form No. CAA2) in the matter of scheme of amalgamation between Jalpower Corporation Limited and NHPC Limited
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NHPC has published newspaper advertisements on 29 August 2025 (in Business Standard and Vaartha) giving notice for three separate meetings to be held via video conferencing on 29 September 2025. The meetings are for equity shareholders (12:30 IST), secured creditors with debt over Rs. 1 crore as of 31 March 2024 (14:30 IST), and unsecured creditors with debt over Rs. 1 crore (16:00 IST). The meetings were ordered by the Ministry of Corporate Affairs on 22 May 2025 to consider the scheme of amalgamation of Jalpower Corporation Limited (JPCL, the transferor company) into NHPC Limited (the transferee company). The Joint Secretary (Hydro), Ministry of Power will chair these meetings, and e-voting will be facilitated through Kfin Technologies. If approved by the meetings, the amalgamation will still need subsequent approval from the MCA.
This is a procedural step toward merging NHPC's wholly-owned subsidiary JPCL into the parent company. Shareholders and eligible creditors need to participate in the 29 September 2025 e-voting process. Successful completion would consolidate JPCL's operations into NHPC, but the immediate stock impact is expected to be limited as this is largely a streamlining exercise.