Key Quantitative Figures

  • Fine amount: ₹5,31,000 (inclusive of GST) each from BSE and NSE
  • Total fine amount: ₹10,62,000 (combined from both exchanges)
  • Period of non-compliance: Quarter ended 31st March 2026

Dates of Action

  • Notice date: 27th May 2026 (from both BSE and NSE)
  • Company response date: 27th May 2026
  • Document signing date: 27th May 2026 at 22:46:36 +05'30'

Parties Involved

  • NTPC Limited (Company receiving fines)
  • BSE Limited (Bombay Stock Exchange)
  • National Stock Exchange of India Limited (NSE)
  • Ministry of Power (Administrative Ministry)
  • President of India (ultimate authority for director appointments)
  • Board of Directors of NTPC Limited

Reason for Non-Compliance

NTPC Limited is a Government Company where the power to appoint or remove Directors vests with the President of India through the Administrative Ministry (Ministry of Power). The company has not been able to maintain the requisite number of Independent Directors on its Board as required by Regulation 17(1) of the Listing Regulations.

Company Response and Status

  • The company replied to both exchanges on 27th May 2026 contesting the fines
  • The matter is being placed before the Board of Directors for information
  • The company is consistently pursuing the matter with the Ministry of Power for appointment of requisite number of Independent Directors
  • The company requests that the fines may not be considered for levy given the circumstances

Financial Impact

The disclosure specifies the fine amount of ₹5,31,000 per exchange (inclusive of GST), totaling ₹10,62,000 if imposed. However, the company is contesting the levy.

Additional Information

  • Compliance Officer: Ritu Arora, Company Secretary & Compliance Officer (Membership No. F5270)
  • Company Registration: Corporate Identification Number L40101DL1975GOI007966