NTPC Green Energy has appointed M/s Dinesh Jain & Associates as its statutory auditor for the financial year 2026-27. The Comptroller and Auditor General of India (C&AG) issued the appointment letter on September 8, 2026.

The company disclosed the development in a filing with stock exchanges on September 10, 2026, pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Auditor Profile

M/s Dinesh Jain & Associates is a chartered accountancy firm established in 1984. It holds Firm Registration No. 004885N with the Institute of Chartered Accountants of India (ICAI). The firm is empanelled with the RBI, C&AG, and the Indian Banks Association (IBA).

The firm employs 15 chartered accountants, including nine partners. It has conducted statutory audits for several public sector undertakings, including MMTC Limited, NTPC SAIL Power Co. Limited, and Oriental Insurance Company Limited.

NTPC Green Energy concluded its fourth annual general meeting on August 28, 2026. While shareholders overwhelmingly approved the FY26 financial statements and auditor remuneration, the reappointment of Jaikumar Srinivasan as Director (Finance) faced significant opposition from institutional investors.

The company reported an unmodified audit report and nil comments from the Comptroller and Auditor General of India for the financial year ended March 31, 2026. The meeting was chaired by Chairman & Managing Director Gurdeep Singh. Seventy-seven members, including the authorized representative of parent company NTPC Limited, attended via video conferencing. All Board members were present.

Voting Results Overview

The scrutinizer’s report confirmed that all four ordinary resolutions were passed with the requisite majority. Remote e-voting was available from August 25 to August 27, 2026. The facility remained open for 15 minutes after the meeting concluded at 11:52 am. CS Naresh Kumar Sinha served as the scrutinizer for the e-voting process.

Total votes polled across all resolutions exceeded 8 billion shares, representing approximately 95.48% of the outstanding shares held by promoters and public shareholders combined. Promoter and Promoter Group shareholders voted in favor of all resolutions with 100% assent.

Resolution-wise Breakdown

Shareholders approved ordinary resolutions to adopt the audited standalone and consolidated financial statements for FY26. The meeting also ratified the remuneration of cost auditors for the financial year 2025-26 and fixed statutory auditor remuneration for FY27.

Jaikumar Srinivasan, who retires by rotation, was reappointed as Director (Finance). The Board also fixed the remuneration for statutory auditors for the upcoming fiscal year. The cost auditor remuneration was ratified at ₹1,50,000 excluding applicable GST and traveling allowances.

Institutional Dissent on Director Reappointment

The most notable divergence in voting occurred during Item 2, the reappointment of Jaikumar Srinivasan. While promoter shares voted unanimously in favor, Public - Institutional holders cast 51,237,693 votes against the resolution, representing 9.42% of the votes polled by this category. In contrast, Public - Non-Institutional holders showed strong support, with 93.31% voting in favor.

Despite the dissent, the resolution passed comfortably due to the overwhelming support from the promoter group, which holds 7.5 billion shares. The total votes in favor stood at 7,993,967,352, while votes against totaled 51,321,230.

All other resolutions—adoption of financials, statutory auditor fees, and cost auditor ratification—received near-unanimous support across all shareholder categories, with dissent limited to negligible fractions of a percent from non-institutional retail investors.