NTPC fined ₹5.37 Lakhs each by BSE & NSE for non-compliance with Listing Regulations
NTPC Limited was fined ₹5.37 Lakhs each by BSE and NSE for non-compliance with Listing Regulations for the quarter ended June 30, 2026. The company has responded, citing that director appointments are controlled by the Ministry of Power and requested the fines be waived.
The fine amount is relatively small for NTPC's scale of operations, and the issue is procedural, related to director appointments rather than core business performance.
The company has been fined by stock exchanges for non-compliance, which is a negative development.
NTPC Limited has received notices from BSE and NSE, both dated 25th August 2026, regarding the imposition of a fine of ₹5,36,900 (inclusive of GST) each. This fine pertains to the quarter ended 30th June 2026 and is due to non-compliance with Regulation 17(1) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
In response, NTPC Limited, vide a letter dated 26th August 2026, communicated to BSE and NSE that as a Government Company, the appointment and removal of Directors are vested with the President of India through the Ministry of Power. Consequently, the stock exchanges have been requested not to levy the imposed fines. The company has consistently been pursuing the matter with the Ministry of Power for the appointment of the requisite number of Independent Directors to ensure compliance with Regulation 17(1) of the Listing Regulations.
The matter of the fines imposed by the Stock Exchanges and the non-compliance with Listing Regulations will be placed before the Board of Directors for their information.
What to do with a filing like this
NTPC Limited filed this with the NSE as a statutory disclosure, categorised under other regulatory filings. It is a primary document, not a recommendation, and the desk marks it low impact, the band that almost never moves a portfolio on its own.
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See the model portfoliosA plain-language summary of a public exchange filing by NTPC Limited. Read the original for the full detail.