NHPC Ltd: 50th AGM Approves All Resolutions, Boosts Borrowing Limit
NHPC Limited's 50th AGM on August 28, 2026, saw all resolutions passed. Key appointments include Bhupender Gupta as CMD, Mahesh Kumar Sharma as Director (Finance), and others. The borrowing limit was increased from ₹60,000 crore to ₹70,000 crore. Financial statements and dividends for FY26 were approved.
The approval of key appointments, including the Chairman & Managing Director, and a significant increase in borrowing limit have a substantial impact on the company's future operations and financial strategy.
All resolutions, including important corporate actions like director appointments and borrowing limit increase, were approved with a requisite majority, indicating positive shareholder confidence.
NHPC Limited announced the voting results of its 50th Annual General Meeting (AGM), held on August 28, 2026, through Video Conference (VC)/Other Audio Visual Means (OAVM). All resolutions presented to the shareholders were approved with the requisite majority.
Key approvals include the adoption of audited standalone and consolidated financial statements for the fiscal year ended March 31, 2026, confirmation of interim dividend payment, and declaration of final dividend for FY 2025-26. The shareholders also approved the appointment of new directors and key managerial personnel. Shri Bhupender Gupta was appointed as Chairman & Managing Director, Shri Mahesh Kumar Sharma as Director (Finance), Shri Diwakar Nath Misra as Government Nominee Director, Dr. Bernadette Lyngdoh as an Independent Director, and Shri Paresh Rasiklal Ranpara as Director (Personnel).
Furthermore, the shareholders approved a significant increase in the company's borrowing limit from ₹60,000 crore to ₹70,000 crore. The Board of Directors was also authorized to fix the remuneration of the Joint Statutory Auditors for FY 2026-27 and to create a mortgage and/or charge over the company's movable and immovable properties. The voting results and the consolidated scrutinizer's report are available on the company's website and the e-voting service provider's website.
A plain-language summary of a public exchange filing by NHPC Limited. Read the original for the full detail.