NTPC Executive Director Shri S K Suar superannuates

NTPC announced the cessation of Shri S K Suar from the position of Executive Director (Senior Management) due to superannuation effective May 31, 2026. The company disclosed this change in senior management to the stock exchanges, marking the end of his tenure at the state-owned power giant.

The intimation was submitted to BSE Limited and National Stock Exchange of India Limited pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The filing was signed by Ritu Arora, Company Secretary & Compliance Officer, on May 29, 2026.

Management Change Details

The disclosure specified the nature of the change as cessation due to superannuation. The following table details the personnel change:

S. No.	Name	Designation	Type of change
1.	Shri S K Suar	Executive Director (Senior Management)	Cessation- Superannuating on 31 May 2026

This development concludes the executive's service period with NTPC as he reached the retirement age mandated by the company's policy.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-1.40%	-0.98%	-9.42%	+9.15%	+6.70%	+198.35%

NTPC Limited was fined ₹5,31,000 each by BSE Limited and National Stock Exchange of India Limited for the quarter ended March 31, 2026, due to non-compliance with Regulation 17(1) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The fines, inclusive of GST, were imposed via notices dated May 27, 2026. The penalty highlights a governance gap concerning the composition of the company's board.

The non-compliance pertains to the requirement for Independent Directors. In its response to the exchanges dated May 27, 2026, NTPC Limited clarified that it is a Government Company. Under its Articles of Association, the authority to appoint or remove Directors rests with the President of India, administered through the Ministry of Power (MoP).

The company informed the exchanges that it is consistently pursuing the matter with the MoP to appoint the requisite number of Independent Directors. This step is intended to ensure compliance with Regulation 17(1) of the Listing Regulations. NTPC has requested that the fines imposed for this non-compliance not be levied, citing the government process involved in director appointments.

The matter regarding the imposition of fines and the non-compliance with Listing Regulations has been placed before the Board of Directors for information. The company's disclosure was made pursuant to Regulation 30 of the SEBI Listing Regulations.