NHPC Limited has filed its quarterly regulatory certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended March 31, 2026. The Government of India Navratna Enterprise submitted the mandatory compliance certificate to stock exchanges and depositories through its registrar and share transfer agent.

Regulatory Filing Details

The company submitted the certificate dated April 02, 2026, signed by Company Secretary Rupa Deb from the Faridabad office. The filing was made in compliance with SEBI regulations governing depositories and participants.

Exchange and Depository Submissions

NHPC submitted the certificate to both major stock exchanges where its shares are listed, along with the two primary depositories in India. The submissions ensure compliance with dematerialization and rematerialization reporting requirements.

Registrar Certification Process

KFin Technologies Limited, serving as the company's Registrar and Share Transfer Agent, issued the certificates to both depositories. Deputy Vice President Bhaskar Roy signed the certificates on behalf of KFin Technologies, confirming that details of securities dematerialized and rematerialized during the quarter have been furnished to all stock exchanges where NHPC shares are listed.

Certificate Confirmation:

• Details of dematerialized/rematerialized securities provided to exchanges
• Compliance with SEBI Depositories and Participants Regulations 2018
• Quarterly reporting obligations fulfilled for March 31, 2026 quarter

The filing demonstrates NHPC's continued adherence to regulatory requirements and transparency in share transfer operations. KFin Technologies operates from its registered office in Mumbai and operations center in Hyderabad, maintaining comprehensive records for the power sector major.

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.