NTPC Limited has informed the Exchange regarding 'Notices received from Stock Exchanges for the quarter ended 31.12.2025'.
NTPC · price
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NSE and BSE have each imposed a fine of Rs. 5,42,800 on NTPC for not having the required number of independent directors on its board, violating SEBI's Listing Regulations (Reg. 17(1)) for the October–December 2025 quarter. NTPC has pushed back, arguing that as a Government Company, the appointment and removal of directors lies with the President of India through the Ministry of Power, and it is already following up with the Ministry to fill the vacant independent director positions. NTPC has therefore told the exchanges that the fine should not be leviable on it. The matter is essentially a governance compliance issue stemming from delays in government-nominated director appointments rather than any financial or operational irregularity.
The fine is trivial in size (under Rs. 11 lakhs total) for a company of NTPC's scale and will not affect financials or operations. Shareholders should view this as a routine, recurring compliance friction common to public-sector companies and not a material risk to the stock.