This is a regulatory disclosure made by NTPC Limited to the stock exchanges (BSE and NSE) pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. It serves as an intimation regarding the incorporation of a new wholly owned subsidiary.

The disclosure is a continuation of a prior disclosure made on 23rd December 2025.

Key Event Details

NTPC Limited incorporated a new entity named 'NTPC (Mauritius) Energy Limited' on 26th June 2026. This entity is a wholly owned subsidiary incorporated in Mauritius.

Subsidiary Details (Annexure)

1. Name and Capital Structure:

  • The subsidiary is named NTPC (Mauritius) Energy Limited.
  • It has been set up with an initial capital of 1,000,000 Mauritius Rupees (MUR One Million).
  • The INR equivalent of this capital is ₹19,80,000 (Indian Nineteen Lakh Eighty Thousand), calculated using an exchange rate of MUR 1 = INR 1.98.
  • Size/Turnover is stated as not applicable as it is a newly incorporated company.

2. Related Party Transaction:

The acquisition of shares in this subsidiary is not a related party transaction. The promoter/promoter group/group companies have no interest in this entity.

3. Industry:

The subsidiary will operate in the power generation industry.

4. Objects and Purpose:

The subsidiary has been incorporated for the purpose of undertaking the development of a proposed Floating Solar Photovoltaic (FSPV) Project with a Battery Energy Storage System (BESS).

It will also undertake any other power projects and businesses related to the power sector in Mauritius.

5. Governmental/Regulatory Approvals:

The required approvals for this incorporation are listed as from the Ministry of Power [India], DIPAM (Department of Investment and Public Asset Management), and the Registrar of Companies, Mauritius.

6. Time Period for Acquisition:

Not applicable, as the subsidiary has been incorporated by NTPC and is not an acquisition of an existing entity.

7. Form of Consideration:

The investment is to be made via a cash subscription.

8. Cost of Acquisition:

The acquisition cost is 1,000,000 Mauritius Rupees (MUR One Million), which is equivalent to ₹19,80,000.

9. Shareholding Acquired:

NTPC Limited will hold 100% of the shares in the subsidiary.

10. Background of the Entity:

  • Line of Business: Development of a Floating Solar Photovoltaic (FSPV) Project with a Battery Energy Storage System (BESS) and other power sector businesses.
  • Date of Incorporation: 26th June 2026.
  • Turnover History: Not applicable, as it is a newly incorporated company.
  • Country of Operation: Mauritius.