Tax & Penalty27 May 2026, 11:11 pm
NTPC Fined ₹5.31 Lakh Each by BSE & NSE for Listing Regulation Non-Compliance
AI Summary
NTPC Ltd has received notices from BSE and NSE regarding fines of ₹5,31,000 each (inclusive of GST) for the quarter ended March 31, 2026, due to non-compliance with Regulation 17(1) of the SEBI Listing Regulations. NTPC has responded, stating that as a government company, the appointment/removal of directors rests with the President of India through the Ministry of Power. The matter will be placed before the Board of Directors. NTPC is pursuing the appointment of requisite Independent Directors with the Ministry of Power.
Key Highlights
- BSE & NSE imposed fines of ₹5.31 Lakh each on NTPC for non-compliance with Listing Regulations.
- NTPC cites government company status and appointment authority of directors.
- The matter of fines and non-compliance will be presented to the Board of Directors.
- NTPC is actively seeking Independent Director appointments via the Ministry of Power.
- NTPC requests reconsideration of the fines due to ongoing efforts to comply.