NTPC Limited has informed the Exchange about notices received from Stock Exchanges
NTPC · price
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NTPC Limited has received notices dated 29 August 2025 from both NSE and BSE for non-compliance with several SEBI LODR regulations related to board and committee composition, specifically regarding the requirement for independent directors. Each exchange has imposed a fine of Rs. 8,43,700 on the company. NTPC has responded stating that it is a Government Company under Section 2(45) of the Companies Act, 2013, and that the power to appoint or remove directors rests with the President of India through the Ministry of Power (MoP). The company noted that five Independent Directors were recently appointed by MoP in April-May 2025, and board committees have since been reconstituted. NTPC is actively following up with MoP to fill remaining independent director positions and has argued that the fine should not be leviable given the nature of its government-controlled board appointment process.
The fine of Rs. 8.43 lakh from each exchange is financially immaterial for a company of NTPC's size. This is a procedural compliance issue stemming from delays in government-appointed independent directors and is unlikely to have any meaningful impact on shareholders or the stock price.