NHPC Limited has informed the Exchange regarding-In compliance to Regulation 30 of SEBI LODR, the proceedings of meeting of equity shareholders, secured creditors and unsecured creditors held on 29.09.2025 through VC/OAVM for approval of scheme of amalgamation of Jalpower Corporation Limited with NHPC Limited is submitted. The details given in the attached letter.
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NHPC Limited held three separate meetings on 29 September 2025 via video conference to seek approval for the amalgamation of its wholly owned subsidiary, Jalpower Corporation Limited, into itself. The equity shareholders meeting (87 shareholders attended), secured creditors meeting, and unsecured creditors meeting were all convened as directed by the Ministry of Corporate Affairs (MCA) order dated 22 May 2025. All three meetings had the required quorum and the resolution approving the scheme of amalgamation was put to vote through electronic voting. Voting results will be declared and shared with stock exchanges within the prescribed timelines.
Since Jalpower Corporation is already a wholly owned subsidiary of NHPC, this amalgamation is an internal consolidation that does not involve any share swap or issuance, so there is no direct dilution or value transfer for existing shareholders. Investors should watch for the final voting results and NCLT/MCA approval, after which Jalpower's assets and liabilities will be absorbed directly into NHPC's books.