NTPC fined by exchanges for non-compliance; appeals imposition

NTPC Limited (BSE: NTPC) disclosed that it received notices from the National Stock Exchange of India Limited (NSE) and BSE Limited (BSE) on March 17, 2025, citing non-compliance with the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The exchanges have imposed fines of ₹10,26,600 on NTPC for each instance of non-compliance. NTPC responded by stating that as a government company, the power to appoint or remove directors rests with the President of India, and they are actively seeking to appoint the required number of independent directors. NTPC argues that the fines should not be levied given its ongoing efforts to comply with SEBI regulations. The company's response and the fines were discussed at a Board of Directors meeting held on March 1, 2025, and the board has taken note. NTPC continues to seek compliance.