NHPC shareholders approve ₹70,000 crore borrowing limit hike at 50th AGM
- Shareholders approved increasing borrowing limit from ₹60,000 crore to ₹70,000 crore with 99.999% support
- Bhupender Gupta appointed Chairman & Managing Director; Mahesh Kumar Sharma appointed Director (Finance)
- Dr. Bernadette Lyngdoh appointed Independent Director via special resolution with 91.278% approval
- All 11 resolutions passed including adoption of FY26 financial statements and final dividend declaration
*this image is generated using AI for illustrative purposes only.
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.
| Resolution Type | Key Agenda Item | Votes In Favour (%) | Votes Against (%) |
|---|---|---|---|
| Special | Increase borrowing limit to ₹70,000 crore | 99.999% | 0.001% |
| Special | Create mortgage/charge over properties | 90.481% | 9.519% |
| Special | Appoint Dr. Bernadette Lyngdoh (Independent Director) | 91.278% | 8.722% |
| Ordinary | Adopt FY26 Financial Statements | 98.333% | 1.667% |
| Ordinary | Declare Final Dividend for FY26 | 99.910% | 0.090% |
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.
Historical Stock Returns for NHPC
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +2.33% | +0.79% | +0.46% | +0.08% | -11.76% | +177.80% |
How will the additional ₹10,000 crore borrowing capacity specifically accelerate NHPC's pending hydroelectric project pipelines or renewable energy diversification?
What is the expected impact on NHPC's debt-to-equity ratio and credit rating given the increased leverage and current market interest rate environment?
How might the new leadership team, particularly Bhupender Gupta as CMD, shift the company's strategic focus regarding operational efficiency and capital allocation?
Create Custom Screeners 
Access 200+ Pre-built Filters 
Use 50+ Readymade Screener 
