NHPC Limited has submitted its Secretarial Compliance Report for the financial year ended March 31, 2026, to the National Stock Exchange of India Limited (NSE) and BSE Limited. The report, issued by M/s Akhil Rohatgi & Company, certifies the company's adherence to the Securities and Exchange Board of India (SEBI) Act, 1992, and the Securities Contracts (Regulation) Act, 1956, along with relevant regulations and circulars issued thereunder.

Compliance Observations

The report notes that while the company has largely complied with regulations, there were specific deviations concerning the composition of the Board of Directors and various committees. These non-compliances were primarily attributed to the non-appointment of requisite Independent Directors, including a Woman Independent Director, by the Government of India.

Regulatory Actions and Fines

During the review period, exchanges imposed penalties for non-compliance with Regulation 17(1), 18(1), and 19(1) of the SEBI LODR Regulations. The following table summarizes the fines levied and their current status:

Management Response

NHPC Limited stated that the power to appoint directors on its board vests with the President of India, as it is a Government of India enterprise. The company management informed the exchanges that filling these vacancies was not within the control of the Board or the company. Consequently, the Ministry of Power appointed three Independent Directors on April 17, 2025, leading to the reconstitution of the Audit Committee and Nomination & Remuneration Committee.

General Compliance Status

The report confirms that the company has complied with other key requirements, including the adoption of policies, maintenance of a functional website, and disclosures of related party transactions. It noted that as a public sector company, certain provisions of Regulation 23 do not apply to transactions between NHPC and its subsidiary companies, which are also public sector entities. No additional non-compliances were observed for the financial year ended March 31, 2026.

NHPC Limited announced its audited financial results for the year ended March 31, 2026. The company reported a consolidated net profit of ₹3,778.23 crore for FY26, compared to ₹3,083.98 crore in the previous year. Revenue from operations for the year increased to ₹11,615.29 crore from ₹10,379.86 crore in FY25. The Board of Directors approved the results at its meeting held on May 15, 2026.

Annual Financial Performance

For the full year, NHPC's total income rose to ₹12,686.09 crore, up from ₹11,614.61 crore in the prior year. Total expenses for FY26 stood at ₹8,565.79 crore, compared to ₹8,490.96 crore in FY25. The company's profit before tax for the year was ₹4,220.46 crore, while profit after tax was ₹3,778.23 crore. Basic and diluted earnings per share (EPS) for the year were ₹3.77.

Dividend Declaration

The Board of Directors recommended a final dividend of ₹0.21 per equity share, or 2.10% of the face value of ₹10 per share, for the financial year 2025-26. This is in addition to the interim dividend of ₹1.40 per share already paid in February 2026. The total dividend for the year amounts to ₹1.61 per share. The payout is subject to shareholder approval at the ensuing Annual General Meeting.

Fundraising and Compliance

As part of its borrowing plan for FY 2026-27, the board reviewed the Key Information Document (KID) for raising funds. NHPC proposes to raise up to ₹2,000 crore through the private placement of listed, unsecured, non-cumulative, non-convertible, redeemable, taxable AI Series Bonds. The company confirmed that there is no outstanding default on loans and debt securities as of March 31, 2026.

The Joint Statutory Auditors issued an unmodified opinion on the annual audited financial results. In compliance with SEBI (LODR) Regulations, the company has made available the audio recording of the conference call held with analysts and investors on May 18, 2026, on its website.