NHPC Limited has informed the Exchange regarding Notice of MCA convened General Meeting of Equity Shareholders to be held on September 29, 2025
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NHPC Limited has called a meeting of its equity shareholders for Monday, 29th September 2025 at 12:30 PM (IST) to approve the merger of its wholly owned subsidiary, Jalpower Corporation Limited (JPCL), into itself. The meeting will be held via video conferencing, with remote e-voting open from 25th to 28th September 2025 and a cut-off date of 22nd September 2025. The appointed date for the merger is 1st April 2024, and approval requires a three-fourths majority by value of shareholders voting. JPCL became a wholly owned subsidiary of NHPC in March 2021 after NHPC acquired it through an NCLT-approved resolution plan under the Insolvency and Bankruptcy Code, 2016, and JPCL's entire paid-up capital of Rs. 533.10 crore is held by NHPC and its nominees. The Joint Secretary (Hydro), Ministry of Power, will chair the meeting, and KFin Technologies has been appointed as the e-voting agency.
Since JPCL is already 100% owned by NHPC, this merger is a pure simplification of the corporate structure and will not involve any share swap or dilution for NHPC shareholders. The stock price is unlikely to be materially impacted, though successful consolidation may marginally improve operational efficiency and reduce compliance costs over time.