NTPC Limited has informed the Exchange regarding Notice of Postal Ballot
NTPC · price
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NTPC Limited has issued a postal ballot notice seeking shareholder approval (Special Resolution) to raise up to Rs. 18,000 crore through Non-Convertible Debentures (NCDs/Bonds) on a private placement basis. The bonds will be issued in the domestic market in up to 12 tranches/series over one year, and can be secured or unsecured, taxable or tax-free, cumulative or non-cumulative. The funds will be used for capital expenditure, working capital, and general corporate purposes. This is an increase from the existing Rs. 12,000 crore NCD limit approved at the August 2024 AGM, which is now exhausted. The company cited favourable lower interest rate conditions in the bond market as the reason for timing the fresh raise. Remote e-voting runs from June 24, 2025 to July 23, 2025.
Since this is a debt raise via NCDs and not equity, there is no immediate dilution risk for shareholders. The move reflects NTPC's ongoing capacity expansion funding needs and indicates the company is tapping bond markets at favourable rates. Shareholders need to vote on this special resolution by July 23, 2025.