NTPC Limited has informed the Exchange about Notices received from Stock Exchanges
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NTPC received notices dated 29 August 2025 from NSE and BSE for non-compliance with SEBI LODR Regulations 17(1), 18(1), 19(1), 19(2), 20(2), 20(2A), and 21(2), relating to the composition of its Board of Directors and various Board committees. A fine of Rs. 8,43,700 was imposed by each exchange (total ~Rs. 16.87 lakhs). NTPC responded that it is a Government Company where director appointments are made by the President of India through the Ministry of Power (MoP), and MoP recently appointed 5 Independent Directors in April–May 2025, after which the committees have been reconstituted. NTPC is also following up with MoP to appoint additional Independent Directors to fully comply with Regulation 17(1)(b) and has argued that the fine should not be leviable.
This is a minor procedural compliance matter with negligible financial impact (fine is less than Rs. 17 lakhs for a company of NTPC's size). No material effect on shareholders or stock price is expected, as NTPC has substantially rectified the non-compliance and is pursuing full compliance through its administrative ministry.