NHPC Limited has submitted the Exchange In compliance to Regulation 44 of SEBI LODR, the voting results and scrutinizers report of meeting of equity shareholders, secured creditors and unsecured creditors held on 29.09.2025 for approval of scheme of amalgamation of Jalpower Corporation Limited with NHPC Limited as per the MCA order dated 22.05.2025 is submitted. The other details are given in the attached letter.
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NHPC Limited has submitted the voting results and scrutinizer's report for the scheme of amalgamation of its wholly-owned subsidiary Jalpower Corporation Limited into NHPC Limited, as directed by the Ministry of Corporate Affairs (MCA) order dated 22.05.2025. Three separate meetings were held on 29.09.2025 via video conferencing — equity shareholders (at 12:30 PM), secured creditors (at 02:33 PM), and unsecured creditors (at 04:14 PM). The scheme was approved with overwhelming majority: equity shareholders approved with 99.9991% votes in favour (8,60,66,50,036 votes), while both secured creditors (100%) and unsecured creditors (100%) voted unanimously in favour with no dissenting votes. The resolution was deemed passed with the requisite three-fourths majority required under Sections 230-232 of the Companies Act, 2013. The scheme still requires final approval from the MCA for it to take effect.
Since Jalpower Corporation is already a wholly-owned subsidiary of NHPC, this amalgamation is essentially an internal restructuring with no change in shareholding or ownership pattern for NHPC shareholders. The merger should streamline operations and consolidate assets, but it is unlikely to have a material impact on the stock price or per-share value. Investors should wait for the final MCA approval to confirm the merger's effective date.