NHPC Limited disclosed a revision in its Environmental, Social and Governance (ESG) score by S&P Global. The rating agency updated the score to 57 as on August 28, 2026, down from the previous score of 61 awarded in February 2026.

The downgrade stems from the 'Media and Stakeholder Analysis' of the Teesta VI Hydroelectric Project (HEP) incident that occurred on July 20, 2026. NHPC informed stock exchanges about the change in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Score Breakdown

The total ESG score reduction reflects specific declines in two of the three pillars:

The Environmental pillar score remained unchanged despite the overall drop.

Company Response

NHPC has raised its concerns with S&P Global regarding the deduction. The company has requested appropriate justification for the reduction in its ESG score. This disclosure follows an earlier communication dated February 14, 2026.

NHPC Limited shareholders approved a special resolution to increase the company’s borrowing limit from ₹60,000 crore to ₹70,000 crore at its 50th Annual General Meeting on August 28, 2026. The resolution received near-unanimous support, with 99.999% of votes cast in favour.

The Navratna enterprise conducted the meeting via video conference and other audio-visual means. A total of 248 public shareholders and one promoter representative attended virtually. All 11 resolutions placed before the house were passed with the requisite majority.

Voting Results Overview

The official voting results, scrutinized by Amit Kaushal of M/s A. Kaushal & Associates, confirmed high participation rates across categories. The promoter group voted 100% in favour on all resolutions. Public institutional investors showed strong support for financial and governance matters, though dissent was noted on certain board appointments.

Board Appointments and Governance

Shareholders approved several key leadership transitions through ordinary resolutions. Bhupender Gupta was appointed as Chairman & Managing Director, securing 96.982% support. Mahesh Kumar Sharma was appointed as Director (Finance) with 92.127% approval.

Other notable appointments include:

• Diwakar Nath Misra as Government Nominee Director (87.664% support).
• Paresh Rasiklal Ranpara as Director (Personnel) (92.125% support).
• Re-appointment of Sanjay Kumar Singh as Director (Projects) for the remaining term at the pleasure of the President of India (89.656% support).

The appointment of Dr. Bernadette Lyngdoh as an Independent Director was passed via a special resolution with 91.278% votes in favour.

Meeting Proceedings

Bhupender Gupta, who chaired the session, apprised members of the company’s financial and operational performance for FY26. He highlighted steps taken to ensure maximum shareholder participation through remote e-voting systems provided by National Securities Depository Limited (NSDL).

The Company Secretary informed attendees that the results were declared based on the consolidated scrutinizer’s report dated August 28, 2026. Members raised questions regarding future plans, capital expenditure, safety measures, and corporate social responsibility activities, to which management responded during the session.