NTPC Limited has informed the Exchange about Regarding Notices Received From Stock Exchanges
NTPC · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
NSE and BSE have each imposed a fine of Rs. 14,16,000 on NTPC for non-compliance with several SEBI Listing Regulations (17(1), 17(2A), 18(1), 19(1), 19(2), 20(2), 20(2A), and 21(2)), mainly related to the composition of its Board of Directors and statutory committees, particularly the requirement for independent directors. NTPC has replied to both exchanges stating that, as a Government Company, the appointment of directors lies with the President of India through the Ministry of Power, and that the Ministry has since appointed five Independent Directors in April and May 2025, bringing the company into compliance with most of the cited regulations. The company continues to follow up with the Ministry to fully comply with Regulation 17(1)(b), and has argued that the fine should not be leviable. The matter was also placed before NTPC's Board on 24 May 2025, which took note of it.
The financial impact is negligible — total fines of about Rs. 28.3 lakh are trivial for a company of NTPC's size. However, the episode highlights a temporary governance/composition gap on NTPC's board, which is now being corrected. Shareholders are unlikely to see any meaningful effect on the stock or fundamentals from this development.