Announcement

Pursuant to the Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015, we wish to inform that in terms of the Order No. 8/3/2023-Th.l dated 22nd August 2024, issued by the Minister of Power, Government of India, the Board of Directors of NTPC Limited has approved the appointment of Shri Anil Kumar Jadli (DIN:10630150), CGM (HR), NTPC Limited to the post of Director (HR), NTPC Limited w.e.f. the date of his assumption of charge of the post i.e. 23rd August 2024 till the date of his superannuation i.e., 30th June 2029 or until further orders, whichever is earlier.  

The brief profile of Shri Anil Kumar Jadli and other details as per SEBI Circular dated 13th July 2023 is attached at “Annexure-A”.

Shri Anil Kumar Jadli does not hold any share in NTPC Limited and is not debarred from holding the office of director by virtue of any SEBI order or any other such authority.

Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (SEBI (LODR) Regulations, 2015), this is to inform that the Company has received notices dated 21st August 2024 from National Stock Exchange of India Limited (NSE) and BSE Limited (BSE) regarding non-compliance with the provisions of Regulation 17(1) of the SEBI (LODR) Regulations, 2015 pertaining to composition of Board of Directors and have imposed a fine of Rs.5,36,900/- each by NSE & BSE for such non- compliance.

In response to the aforesaid notices, NTPC Limited vide letter dated 22.08.2024 has submitted to NSE & BSE that NTPC is a Government Company as per Section 2(45) of the Companies Act, 2013 and as per the Articles of Association of the Company, the power to appoint or remove the Directors vests with the President of India through its Administrative Ministry i.e. Ministry of Powe (MoP). Hence, the aforesaid fine w.r.t. non-compliance of Regulation 17(1) of the SEBI (LODR), Regulations, 2015 should not be leviable.

Further, regarding Independent Directors, we are regularly pursuing with MoP for appointment of requisite number of independent directors on the Board of NTPC so as to comply with Regulation 17(1) of SEBI (LODR) Regulations, 2015.

Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, this is to inform that the Corporation has received an order from the Joint Commissioner (Corporate Circle), State Tax, Lucknow Zone-2 of UP state for the payment of Tax, Interest and penalty under Goods and Service Tax laws. The corporation will file an appeal before the 1st appellate authority of the applicable jurisdiction against the said order within the prescribed timeline.

There is no material impact on the financials, operations or other activities of the Corporation due to the above-mentioned order.

The detail as required under regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended) are attached as Annexure-A.
 

Pursuant to the Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015, we wish to inform that in terms of the Order No. 8/6/2018-Th.l dated 2nd August 2024, issued by the Minister of Power, Government of India, the Board of Directors of NTPC Limited has approved the appointment of Shri Mahabir Prasad (DIN: 07094229), Joint Secretary & Financial Advisor, Ministry of Power as an Additional Director (Govt. Nominee Director) on the Board of NTPC Limited with effect from 14th August 2024 till his tenure in Ministry of Power or until further orders, whichever is earlier. 

The brief profile of Shri Mahabir Pasad and other details as per SEBI Circular dated 13th July 2023 is attached at Annexure-A.

Shri Mahabir Pasad does not hold any share in NTPC Limited and is not debarred from holding the office of director by virtue of any SEBI order or any other such authority.

Pursuant to regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, this is to inform that the Corporation has received an order from the Deputy Commissioner (ST), State Special Circle-I, Kunchanapalli, Guntur Dist. of Andra Pradesh state, for the payment of Tax, Interest and penalty under Goods and Service Tax laws. The corporation will file an appeal before the 1st appellate authority of the applicable jurisdiction against the said order within the prescribed timeline.

There is no material impact on the financials, operations or other activities of the Corporation due to the above mentioned order.

The detail as required under regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended) are attached as Annexure-A.

Pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, change in Senior Management is informed as under:

Consequent upon successful commissioning and due approvals, second and last part capacity of 26 MW out of 40 MW Ayodhya Solar PV Project (Uttar Pradesh) of NTPC Green Energy Limited (a wholly-owned subsidiary of NTPC Limited), is declared on Commercial Operation w.e.f. 00:00 Hrs of 31.07.2024.

With this, group installed and commercial capacity of NTPC has become 76074 MW.

This is to inform that the 48th Annual General Meeting (AGM) of the members of NTPC Limited will be held on Thursday, 29th August, 2024 at 10:30 a.m. through Video Conferencing (VC)/ Other Audio-Visual Means (OAVM). Notice of the AGM along with the Annual Report for the Financial Year 2023-24 will be submitted separately.  

In accordance with the relevant circulars issued by the Ministry of Corporate Affairs and the Securities and Exchange Board of India, Notice of the AGM along with the Annual Report for the Financial Year 2023-24 will be sent by electronic mode only to those Members whose e-mail address(es) are registered with the Company/Depositories. 

Further, pursuant to Regulation 42 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and in continuation of disclosure dated 24th May, 2024, it is hereby informed that the Company has fixed Wednesday, 7th August, 2024 as Record Date for the purpose of ascertaining the entitlement of Members for the Final Dividend of Rs.3.25/- (Three Rupees twenty five paisa only) per share (on the face value of Rs. 10/- each) on the Equity Shares of the Company for the Financial Year 2023-24 as recommended by the Board of Directors of the Company in their meeting held on 24th May 2024. 

If the Final Dividend, as recommended by the Board of Directors, is approved at the ensuing Annual General Meeting, payment of such dividend, subject to deduction of tax at source, will be made on or after 11th September, 2024.

In terms of Regulation 13 Sub-regulation (3) of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, the status of investors complaints/grievances for the quarter ending 30.06.2024, is as under:

Pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, change in Senior Management effective from 01.07.2024 is informed as under:

In continuation of our letter dated 25.06.2024 and in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform that the Board of Directors of the Company has, in its meeting held on Saturday, 29th June, 2024, subject to approval of shareholders, approved the issue of secured/ unsecured, redeemable, taxable/tax-free, cumulative/non-cumulative, non-convertible debentures ("Bonds/NCDs") up to Rs.12,000 Crore in one or more tranches/series not exceeding 12 (twelve), through private placement in domestic market during the period commencing from the date of passing of special resolution till completion of one year thereof or the date of next Annual General Meeting in the financial year 2025-26, whichever is earlier.

The Size, tenure, listing details (BSE and/or NSE), Coupon, Security (if applicable) and other details as applicable will be decided at the time of issue of each tranche/series.

Pursuant to Regulation 39(3) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and in terms of SEBI Circular No.  SEBI / HO / MIRSD / MIRSD_RTAMB/ P / CIR / 2022 / 8 dated January 25, 2022, the details of ‘Letter(s) of Confirmation’ issued by the Company, in lieu of share certificate(s) reported as lost, are as under:

Pursuant to Regulation 39(3) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform you that we have received intimation from our Registrar & Share Transfer Agent regarding loss of Share Certificate(s) and request for issuance of duplicate Share Certificate(s) as per the following details:

We will initiate necessary process in this regard.

Pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, change in Senior Management effective from 01.06.2024 is informed as under:

Pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (Listing Regulations), we wish to inform that, the Board of Directors of the Company in their meeting held on 24th May 2024 has accorded the in-principle approval for incorporation of a wholly owned subsidiary company for undertaking Nuclear Energy Business, subject to approval of its administrative Ministry i.e. Ministry of Power, DIPAM Niti Aayog and/or other statutory authorities as may be required. 

Further development would be intimated in due course of time.

Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (SEBI (LODR) Regulations, 2015), this is to inform that the Corporation has received notices from National Stock Exchange of India Limited (NSE) and BSE Limited (BSE) dated 22nd May 2024 regarding non-compliance with the provision of Regulation 17(1) of the SEBI (LODR) Regulations, 2015 for not having requisite number of Non-executive and Independent Directors on the Board of the Company during the quarter ended 31st March, 2024 and has imposed a fine of Rs. 5,36,900/- each by NSE & BSE for such non- compliance. 

The detail as required under regulation 30 of SEBI (LODR) Regulations, 2015 (as amended) are attached as Annexure-A. 

In response to the aforesaid notices, NTPC Limited vide letter dated 23.05.2024 has submitted to NSE & BSE that the aforesaid fine w.r.t. non-compliance of Regulation 17(1) of the SEBI (LODR), Regulations, 2015 is not leviable since, NTPC is a Government Company as per Section 2 (45) of the Companies Act, 2013. As per the Articles of Association of the Company, the power to appoint or remove the Directors vests with the President of India through its Administrative Ministry i.e. Ministry of Power (MoP). Post cessation of tenure of one Government Nominee Director (Non- Executive) on the Board of NTPC on 31.12.2023, MoP is yet to appoint a Director (Government Nominee / Non-Executive) in his place. Further, regarding Independent Director, we are regularly pursuing with MoP for appointment of requisite number of independent directors on the Board of NTPC so as to comply with Regulation 17(1)(a) and Regulation 17(1)(b) of SEBI (LODR) Regulations, 2015.

NTPC Limited will hold a conference call for analysts and investors at 07:00 PM IST on May 24, 2024, wherein the Senior Management team of NTPC Limited comprising of Mr. Jaikumar Srinivasan – Director (Finance), Mr. Shivam Srivastava – Director (Fuel), Mr. K. Shanmugha Sundaram – Director (Projects) and Mr. Ravindra Kumar – Director (Operations) will discuss the Company’s results for the 4th quarter and financial year 2023-24 and answer questions from the participants.

To participate in the conference call, please dial the numbers provided below five to ten minutes ahead of the scheduled start time. The operator will provide instructions for asking questions before the call.

Or Express Join with DiamondPass™

Recording and transcript of the conference call will be available on the Company’s website post the conference call. 

For any further enquiries regarding the conference call, the following may be contacted: 

Mr. Subhadip Mitra
Nuvama Wealth Management
Email: Subhadip.Mitra@nuvama.com

Regards 
Aditya Dar
Executive Director (Finance) 
Tel No. 011 2436 7072
Email:isd@ntpc.co.in                                         

In line with the Corporate Disclosure requirements, we wish to inform that:

Pursuant to Order No. 8/3/2023-Th.I dated 25th April, 2024 of Ministry of Power, consequent upon retirement of Shri Dillip Kumar Patel (DIN: 08695490), Director (HR), NTPC Ltd., on attaining the age of superannuation on 30.04.2024, the Competent Authority has decided that Shri Jaikumar Srinivasan (DIN: 01220828), Director (Finance), NTPC Ltd. will hold the additional charge to the post of Director (HR), NTPC Ltd. for a period of three (3) months i.e. w.e.f. 01.05.2024 or till the regular incumbent joins to the post of Director (HR), NTPC Ltd. or until further orders, wherever is earlier.

In line with the Corporate Disclosure requirements, we wish to inform that:

On attaining the age of superannuation, Shri Dillip Kumar Patel (DIN: 08695490) has ceased to be Director (HR) of NTPC Limited on 30.4.2024 (A/N).

Pursuant to regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, this is to inform that the Corporation has received an order from the Assistant Commissioner, Alandur, South-III, Chennai, South of Tamil Nadu state, for the payment of Tax, Interest and penalty under Goods and Service Tax laws. The corporation shall partly pay the demand and for remaining amount will file an appeal before the 1st appellate authority of the applicable jurisdiction against the said order within the prescribed timeline.

There is no material impact on the financials, operations or other activities of the Corporation due to the above mentioned order.

The detail as required under regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended) are attached as Annexure-A.

Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, details of senior officials of NTPC Limited who have superannuated from the post of Executive Director (ED) (i.e., Senior Management Personnel - One level below the Board of Directors) w.e.f. 30.4.2024 are submitted as Annexure-I.

Annexure-I

Pursuant to regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, this is to inform that the Corporation has received four orders from the GST Authorities of different states for payment of Tax, Interest and penalty under Goods and Service Tax laws. The corporation shall file appeals before the 1st appellate authority of the applicable jurisdiction against the said orders within the prescribed timeline except in one case wherein the corporation has decided to pay the demand in full.

There is no material impact on the financials, operations or other activities of the Corporation due to the above mentioned order.

The detail as required under regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended) are attached as Annexure-A.

Pursuant to regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, this is to inform that the Corporation has received an order from the Deputy Commissioner, State Tax Lakadganj_501, Nagpur for payment of Tax, Interest and penalty under Goods and Service Tax laws. The corporation shall file an appeal before the 1st appellate authority of the applicable jurisdiction against the said orders within the prescribed timeline.

There is no material impact on the financials, operations or other activities of the Corporation due to the above mentioned order.

The detail as required under regulation 30 of SEBI (Listing Obligations and Disclosure
Requirements) Regulations, 2015 (as amended) are attached as Annexure-A;

Pursuant to Regulation 39(3) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and in terms of SEBI Circular SEBI/HO/MIRSD/MIRSD_RTAMB/P/CIR/2022/8 dated January 25, 2022, this is to inform that NTPC Limited has issued Letter of Confirmation to its shareholders in lieu of physical share certificates reported as lost by them, after removing objections. Details are provided at Annexure-I. 

Annexure-I

Pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, this is to inform that NTPC Limited has signed a Supplementary Joint Venture Agreement-3 with NHPC, POWERGRID, DVC & CPRI on 23rd April 2024. This Supplementary Joint Venture Agreement (SJVA) will amend Joint Venture Agreement (JVA) of National High Power Test Laboratory Pvt. Ltd (NHPTL) dated 8th April 2009 and form integral part of JVA dated 8th April 2009.

Details required to be disclosed as per the Securities and Exchange Board of India circular no. CIR/CFD/CMD/4/2015 dated September 9, 2015, are enclosed as Annexure-I.

Pursuant to regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, this is to inform that the Corporation has received an order from the Joint Commissioner, CGST and Central Excise, Patna-I for payment of Tax, Interest and penalty under Goods and Service Tax laws. The corporation shall file an appeal before the 1st appellate authority of the applicable jurisdiction against the said orders within the prescribed timeline.

There is no material impact on the financials, operations or other activities of the Corporation due to the above-mentioned order.

The detail as required under regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended) are attached as Annexure-A.

In terms of Regulation 13 Sub-regulation (3) of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, the status of investors complaints/grievances for the quarter ending 31.03.2024, is as under:

Pursuant to regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, this is to inform that the Corporation has received an order from the State Tax Officer, Ghatak 57, Range -15, Division – 7, Surat, Gujarat, for collection of Interest and penalty under Goods and Service Tax laws. The corporation shall file an appeal before the 1st appellate authority of the applicable jurisdiction against the said orders within the prescribed timeline.

There is no material impact on the financials, operations or other activities of the Corporation due to the above mentioned order.

The detail as required under regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended) are attached as Annexure-A.

Pursuant to regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, this is to inform that the Corporation has received an order from the Deputy Commissioner (ST), State Special Circle-I, Kunchanapalli, Guntur Distt. for collection of Goods and Service Tax, Interest and penalty for Andra Pradesh state. The corporation shall file an appeal before the 1st appellate authority of the applicable jurisdiction against the said orders within the prescribed timeline.

There is no material impact on the financials, operations or other activities of the Corporation due to the above mentioned order.

The detail as required under regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended) are attached as Annexure-A.

Pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, this is to inform that NTPC Limited has signed Supplementary Joint Venture Agreement (SJVA), Amendment-II, with U.P. Rajya Vidyut Utpadan Nigam Limited (UPRVUNL) on 1st April, 2024. This SJVA Amendment Number-II shall form an integral part of the Joint Venture Agreement (JVA) dated 28th February, 2008 and SJVA Amendment Number-I dated 13th September, 2023, and shall constitute the entire agreement between NTPC and UPRVUNL in relation to the subject matter.

Details required to be disclosed as per the Securities and Exchange Board of India Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023 are enclosed as Annexure-I.

Dear Sir/Madam,

Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, details of senior officials of NTPC Limited who have superannuated from the post of Executive Director (ED) (i.e., Senior Management Personnel - One level below the Board of Directors) w.e.f. 31.3.2024 are submitted as Annexure-I. 

Annexure-I

Consequent upon successful commissioning and due approvals, second & last part capacity of 80 MW out of 150 MW Chhattargarh Solar PV Project in Bikaner, Rajasthan of NTPC REL a stepdown subsidiary of NTPC Limited through its wholly owned subsidiary NTPC Green Energy Limited, is declared on Commercial Operation w.e.f. 29.03.2024.

The first part capacity of 70 MW has already been declared on commercial operation w.e.f. 21.02.2024.

With this, the total installed and commercial capacity of NTPC group has now become 75958 MW.

Consequent upon successful commissioning and due approvals, Durgapur PP-III Unit-2 of 20 MW of NTPC-SAIL Power Company Limited, is declared on Commercial Operation w.e.f. 29.03.2024.

With this, the total installed and commercial capacity of NTPC group has now become 75878 MW.

We wish to inform that based on achievement of approved norms and due approvals, Unit-2 of 660 MW of 1320 MW (2x660 MW) Maitree Super Thermal Power Plant (MSTPP) at Rampal, Mongla, Bagerhat of Bangladesh-India Friendship Power Company (Pvt.) Limited is included in the installed & commercial capacity of NTPC Group w.e.f. 12.03.2024.

Unit-1 of 660 MW of 1320 MW (2x660) Maitree Super Thermal Power Plant (MSTPP) had already been included in the installed & commercial capacity of NTPC Group w.e.f. 23.12.2022.

With this, the total installed and commercial capacity of NTPC group has now become 75858 MW.