PTC India Limited has informed the Exchange regarding Change in Director(s) of the company.
PTC · price
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NHPC Limited has withdrawn the nomination of Shri Rajneesh Agarwal from the Board of PTC India with immediate effect from March 2, 2026. The broader context, as revealed in NHPC's letter to PTC, is that the Ministry of Power has directed that NTPC shall be the sole promoter of PTC India, and other promoters including NHPC must withdraw their nominee directors and relinquish promoter rights. NHPC has formally communicated its relinquishment of promoter status and will be reclassified from 'Promoter' to 'Non-Promoter' category once PTC's Articles of Association are suitably amended. This represents a significant restructuring of PTC India's shareholding and governance structure, with NTPC emerging as the only promoter going forward.
This is a major governance change — NHPC is exiting as a co-promoter of PTC India, leaving NTPC as the sole promoter. Shareholders should expect Articles of Association amendments and a reclassification of NHPC's shareholding from promoter to non-promoter, which could affect shareholding pattern disclosures and potentially have implications for stock price and promoter-related shareholding restrictions.