NHPC Limited, a Government of India Navratna Enterprise, has published a regulatory notice in newspapers regarding the special window facility for transfer and dematerialization of physical shares. The publication was made in compliance with SEBI regulations and provides important information for shareholders holding physical securities.

Regulatory Compliance and Publication Details

The company published the notice in compliance with SEBI Circular No. HO/38/13/11(2)2026-MIRSD-POD/I/3750/2026 dated January 30, 2026. The notice appeared in two prominent newspapers on Thursday, April 02, 2026:

Special Window Facility Details

The special window for re-lodgement of transfer deeds will remain operational for a specific period to accommodate shareholders with physical securities. This facility addresses the needs of investors who hold physical share certificates that were transacted before the mandatory dematerialization requirements.

Eligibility Criteria

The special window facility is available for transfer deeds that meet specific criteria. The company has outlined clear eligibility requirements based on the timing of transactions and availability of original documents.

Eligible Cases:

• Transfer deeds executed before April 01, 2019 with original share certificates available
• Previously rejected or returned applications with original certificates
• New requests with complete documentation

Important Requirements:

• Only new requests with original share certificates will be accepted
• Transfer deed and supporting documents must be provided
• Transferred securities will be credited only in demat form
• One-year lock-in period applies from registration date

Contact Information for Shareholders

Shareholders interested in utilizing this special window facility can submit their requests to the company's Registrar and Share Transfer Agent. The designated agent for processing these requests is M/s Kfintech Technologies Limited (Unit: NHPC Limited), located at Selenium Building, Tower B, Plot No. 31 & 32, Financial District, Nanakramguda, Serilingampalli, Hyderabad - 500032.

For additional information and detailed guidelines, investors can refer to the SEBI circular available on the company's official website. The notice was signed by Rupa Deb, Company Secretary, and dated April 02, 2026 from Faridabad.

NHPC Limited has disclosed significant developments involving its subsidiary companies, including a substantial income tax demand and changes in shareholding structure. The company made these disclosures under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Income Tax Demand on NHDC Limited

NHDC Limited, a subsidiary of NHPC Limited, received an income tax demand notice of Rs 231.78 crore from the Income Tax Department on March 27, 2026. The demand pertains to Assessment Year 2024-25, with the Faceless Assessment Unit issuing the assessment order on March 26, 2026.

Company's Response Strategy

NHDC has identified a computational error in the assessment order. The company had considered eligible MAT (Minimum Alternate Tax) Credit amounting to Rs 184.37 crore while computing income tax, which was not factored in by the assessing officer's computation sheet.

To address this discrepancy, NHDC plans to initiate the following actions:

• File an application under section 154 for rectification of mistake in computation of income tax liability
• Seek consideration of eligible MAT Credit of Rs 184.37 crore from earlier years
• Continue regular claims for MAT Credit under section 115JAA, which have been consistently allowed by Income Tax authorities

Expected Financial Impact

NHPC management expects minimal impact on the company's financial position and operations. The company has historically been successful in claiming MAT Credit under section 115JAA, with regular approvals from Income Tax authorities. Based on this track record and the rectification process, the company anticipates no significant impact on its financial, operational, or other business activities.

RHPCL Shareholding Enhancement

In a separate development, NHPC's shareholding in Ratle Hydroelectric Power Corporation Limited (RHPCL) has increased from 49.72% to 51%. This change occurred following the release of matching equity contribution by NHPC Limited and subsequent allotment of equity shares.

This increase in shareholding strengthens NHPC's control over RHPCL, moving from a minority to a majority stake in the subsidiary company. The enhanced shareholding follows NHPC's earlier communication dated December 29, 2025, regarding this equity restructuring process.