NTPC Limited has addressed notices from the National Stock Exchange of India (NSE) and BSE Limited (BSE) regarding non-compliance. The notices, dated November 28, 2025, resulted in a fine of Rs.5,42,800/- each. NTPC has responded, stating it is a government company and engaging with the Ministry of Power for resolution, contesting the levy of the fine.
Response to Exchange Notices
NTPC Limited has received notices from both the National Stock Exchange of India (NSE) and BSE Limited (BSE) citing non-compliance, dated November 28, 2025. These notices have resulted in a fine of Rs.5,42,800/- for each instance of non-compliance.
Company’s Position and Actions
In response to the notices, NTPC Limited, in a letter dated November 29, 2025, has clarified its position. NTPC asserts that it is a Government Company as defined under Section 2(45) of the Companies Act, 2013. The power to appoint or remove directors rests with the President of India through the Ministry of Power (MoP).
Engagement with Ministry of Power
NTPC Limited is actively engaging with the Ministry of Power (MoP) regarding the appointment of the required number of independent directors to ensure compliance. The company believes that the levied fine is not justified given its status as a Government Company and its ongoing efforts to comply with regulations.
Source: BSE
