NHPC Limited has announced the cessation of Shri Uttam Lal from the position of Director (Personnel) effective May 31, 2026, upon attaining the age of superannuation. Additionally, the company disclosed the cessation of Smt. Madhusmita Pany from the position of Executive Director (ED). The disclosure was submitted to the stock exchanges in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, regarding changes in director and senior management personnel.

The filing confirms that the changes in leadership are due to the executives reaching the mandatory retirement age. The company stated that the cessation for Shri Uttam Lal is effective end of day on the specified date. These transitions impact the personnel management function at the top level of the organization, reporting directly to the Board of Directors.

Details of the Change

The following table outlines the personnel changes disclosed by the company:

The notification was signed by Rupa Deb, Company Secretary of NHPC Limited, on May 29, 2026. The intimation was addressed to the Corporate Relationship Department of BSE Limited and the Listing Department of National Stock Exchange of India Limited for information and record purposes.

NHPC Limited raised ₹2,000 crore on May 29, 2026, through the private placement of 7.67% AI Series Bonds 2041. The unsecured, non-convertible, taxable bonds carry a coupon rate of 7.67% per annum and have a tenor of 15 years, maturing on May 29, 2041. The securities are proposed to be listed on the Wholesale Debt Market segment of BSE and NSE.

The issuance comprises 200,000 securities of ₹1,00,000 each. Principal repayment is structured to occur annually from the expiry of six years from the deemed date of allotment in 10 equal installments of ₹200 crore each. The bonds are non-cumulative and redeemable.

Issue Details

Amortization Schedule

The principal repayment will begin at the end of the sixth year. The schedule for the Special Tenured Redeemable Preferential Periods (STRPP) is outlined below:

Interest payments will be made yearly on the respective due dates. The effective yield is uniform for all categories of investors, and the day count convention is actual/actual.