Annual Secretarial Compliance Report for the year ended 31st March 2026.
NTPCGREEN · price
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NTPC Green Energy Ltd has filed its Annual Secretarial Compliance Report for FY 2025-26 as required under SEBI Regulation 24A. The secretarial auditor (Kumar Naresh Sinha & Associates) confirmed general compliance with SEBI regulations but noted one exception: non-compliance with Regulation 17(2A) regarding Board meeting quorum. At the Board meeting on 10 May 2025, no Independent Director was present because the three existing Independent Directors ceased office on 8 May 2025 per a Government of India order, and new appointments became effective only on 14 May 2025. Both BSE and NSE levied a fine of Rs. 11,800 (including GST) each. The company stated this was beyond its control as Independent Director appointments are made by the Government of India. The report confirms compliance with other requirements including secretarial standards, policies, website disclosures, Related Party Transactions, and Insider Trading regulations.
The fine is minor (Rs. 23,600 total) and the non-compliance was temporary and beyond company control. The company has been compliant since 14 May 2025 when new Independent Directors joined. This filing should not materially impact the stock, though it highlights governance dependency on government appointment processes.