NTPC Receives SEBI Compliance Notice from NSE and BSE for Director Shortfall
NTPC Limited informs NSE & BSE about fines for non-compliance of SEBI LODR Regulation 17(1), citing government control over director appointments and requests waiver.
New Delhi, 29 November 2025. NTPC Limited, India’s leading power generation PSU, has notified the National Stock Exchange (NSE) and BSE Limited (BSE) about notices of non-compliance with Regulation 17(1) of SEBI (LODR) Regulations, 2015. Both exchanges have fined NTPC ₹5,42,800 each for this issue.
In its response, NTPC explained that as a Government Company under Section 2(45) of the Companies Act, 2013, the President of India, through the Ministry of Power (MoP), decides on the appointment or removal of directors. NTPC is actively coordinating with the MoP to appoint the required number of Independent Directors to meet SEBI regulations.
NTPC asked that the fines for non-compliance be waived, pointing to the Government's role in director appointments and the company’s ongoing efforts to ensure compliance.
The company reiterated its commitment to good corporate governance and adherence to SEBI (LODR) norms.