NTPC Limited has received notices from the NSE and BSE imposing a fine of ₹5,42,800/- each for non-compliance with Board composition regulations for the quarter ending December 31, 2025. NTPC contends that the power to appoint or remove directors rests with the President of India via the Ministry of Power. The company is actively coordinating with the Ministry for the required appointments and believes the fine should not be levied.
Regulatory Fine Notification Received
NTPC Limited has formally informed the stock exchanges regarding the imposition of penalties related to board composition compliance for the quarter ended 31st December, 2025. The company received separate notices from the National Stock Exchange (NSE) and BSE Limited.
Details of the Non-Compliance and Fine
The non-compliance pertains to Regulation 17(1) of the relevant listing regulations. Consequently, both exchanges have imposed a fine of Rs. 5,42,800/- each on NTPC Limited for this shortfall during the specified quarter.
Company Response and Ministry Coordination
In response, NTPC Limited clarified its standing as a Government Company under the Companies Act, 2013. The company asserted that the authority to appoint or remove Directors is vested exclusively with the President of India, exercised through the administrative control of the Ministry of Power (MoP). NTPC stated it is consistently following up with the MoP to ensure the requisite number of independent directors are appointed to the Board to achieve full compliance with the regulations.
Based on these ongoing efforts and the nature of director appointment authority, NTPC Limited has communicated to the exchanges that the imposed fine regarding the non-compliance for the quarter ended December 31, 2025, should not be considered leviable.
Source: BSE
