NTPC Limited has informed the Exchange regarding 'Imposition of fine by BSE & NSE for the quarter ended 31st March 2026'.
NTPC · price
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NTPC Limited has received penalty notices from both BSE and NSE dated 27th May 2026. Each exchange has imposed a fine of Rs. 5,31,000 (inclusive of GST) for the quarter ended 31st March 2026. The penalty is for non-compliance with Regulation 17(1) of the SEBI Listing Regulations, which relates to board composition requirements including the appointment of Independent Directors. NTPC, being a Government Company, has clarified that the power to appoint or remove Directors rests with the President of India through the Ministry of Power. The company has replied to both exchanges requesting the fines be waived and is actively pursuing the matter with the Ministry of Power to appoint the required number of Independent Directors.
The fine amount is relatively small for a company of NTPC's size, but the non-compliance with board composition norms could draw regulatory scrutiny. Shareholders may monitor whether the Ministry of Power takes action to appoint Independent Directors, as continued non-compliance could result in additional penalties.