NHPC Limited has informed the Exchange about the Notice of MCA convened Meeting of Secured Creditors to be held on September 29, 2025.
NHPC · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 1.0 pts less than Nifty Midcap 150 and 0.8 pts less than its Power Generation peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
Minute windows have no benchmark: there is no intraday index history to compare against.
NHPC Limited has called a meeting of its secured creditors on September 29, 2025, via video conferencing, as directed by the Ministry of Corporate Affairs (MCA) via order dated May 22, 2025. The purpose is to seek approval for the Scheme of Amalgamation of Jalpower Corporation Limited (JPCL), a wholly owned subsidiary of NHPC, into NHPC Limited. Since JPCL is wholly owned by NHPC, no new shares will be issued and there will be no change in NHPC's shareholding pattern. The appointed date for the amalgamation is April 1, 2024. JPCL has outstanding secured debt of Rs. 657 crore and unsecured debt of Rs. 74.23 crore as of March 31, 2024. The scheme aims to consolidate operations, reduce regulatory compliance costs, and achieve administrative efficiencies. JPCL was originally acquired by NHPC through an NCLT-approved resolution plan in December 2020.
This is an internal restructuring of a wholly owned subsidiary into the parent company with no share dilution, no change in NHPC's shareholding pattern, and no new shares issued. Shareholders are not directly affected in terms of ownership or voting rights, though the consolidation should reduce administrative and compliance costs for the merged entity. No material impact on stock price is expected from this corporate action.