NTPC has been fined Rs 5,31,000 each by both BSE and NSE for non-compliance with Regulation 17(1) of the SEBI Listing Regulations for the quarter ended 31st March 2026. The fines were communicated to the company through notices dated 27th May 2026.
NTPC responded to the exchanges, explaining that as a Government Company, the power to appoint or remove directors lies with the President of India via the Ministry of Power. The company has been actively engaging with the Ministry to appoint the necessary number of Independent Directors to comply with the regulation.
The issue of fines and non-compliance is being presented to NTPC‘s Board of Directors for their information. NTPC has requested that the fines related to non-compliance with Regulation 17(1) not be considered for levy, given the ongoing efforts to resolve the issue.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).