NTPC Limited has received notices from both BSE and NSE imposing a fine of ₹5,36,900/- (inclusive of GST) each for the quarter ended 30th June 2026. The penalty is for non-compliance with Regulation 17(1) of the Listing Regulations concerning the appointment of directors. NTPC has responded to the exchanges, highlighting its status as a Government Company and that director appointments vest with the President of India.
Stock Exchanges Levy Fines on NTPC
NTPC Limited has been served with notices from the BSE Limited (BSE) and the National Stock Exchange of India Limited (NSE), levying a fine of ₹5,36,900/- (inclusive of GST) each. These fines are applicable for the quarter that concluded on 30th June 2026, and they stem from a reported non-compliance with Regulation 17(1) of the Listing Regulations.
NTPC’s Response to Fines
In response to these notices, NTPC Limited, via a letter dated 26th August 2026, has communicated with both BSE and NSE. The company emphasized its status as a Government Company. NTPC stated that, as per its Articles of Association, the authority to appoint or remove Directors rests with the President of India, exercised through its Administrative Ministry, the Ministry of Power (MoP). Consequently, NTPC has requested that the fines imposed for the alleged non-compliance with Regulation 17(1) be waived.
Board Information and Ongoing Efforts
The matter concerning the imposition of fines by the stock exchanges and the associated non-compliance with Listing Regulations is being presented to the Board of Directors for their information. Furthermore, NTPC Limited has been actively engaged in discussions with the Ministry of Power to ensure the appointment of the required number of Independent Directors to the company’s Board, aiming to achieve full compliance with Regulation 17(1) of the Listing Regulations.
The scrip code for BSE is 532555, and the ISIN is INE733E01010. The symbol for NSE is NTPC.
Source: BSE
