PTC India Limited has secured 1200 MW of solar power through a bilateral Power Purchase Agreement (PPA) with NTPC Renewable Energy Ltd. The agreement was signed on July 3, 2026, strengthening the company's renewable energy portfolio. This strategic move allows PTC India to purchase a significant volume of solar energy, aligning with market trends towards green power procurement.

The transaction was executed under a bilateral arrangement, ensuring a direct agreement between the buyer and the generator. NTPC Renewable Energy Ltd, a wholly owned subsidiary of NTPC Green Energy Limited, will supply the solar power. This partnership leverages the capabilities of a major renewable energy producer to meet PTC India's power trading requirements.

Key Agreement Details

The filing was submitted to the exchanges pursuant to Regulation 30 of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015. The disclosure confirms the finalization of the deal, marking a significant development in PTC India's trading activities for the fiscal year.

PTC India has initiated a postal ballot process to seek shareholder approval for the appointment of Shri Umesh Kumar Nand as a Non-Executive Nominee Director representing NHPC Limited. The resolution, classified as an ordinary resolution, requires approval from members to regularize the appointment of Nand, who currently serves as the Executive Director (Project Monitoring & Support Group) at NHPC. The appointment is subject to retirement by rotation.

Shri Umesh Kumar Nand was initially appointed as an additional director on the Board of PTC India effective May 15, 2026. The company has received the necessary declarations from Nand, including consent to act as director in Form DIR-2 and confirmation that he is not disqualified to be appointed under Section 164 of the Companies Act, 2013. He holds no shares in the company.

Postal Ballot and E-Voting Schedule

The company has engaged National Securities Depository Limited (NSDL) to facilitate the remote e-voting process. Mr. Ashish Kapoor, a Practicing Company Secretary, has been appointed as the Scrutinizer to ensure the conduct of the postal ballot is fair and transparent. The voting period is strictly defined, and no physical ballot forms are being dispatched.

Shareholders registered as members on the cut-off date are eligible to vote. The e-voting module will be disabled immediately after the deadline on July 30, 2026. Results of the postal ballot will be announced upon receipt of the Scrutinizer’s report and subsequently displayed on the company's website and communicated to the stock exchanges.

Director Profile and Background

Shri Umesh Kumar Nand brings over 30 years of experience in the hydro electric power sector. He graduated with a degree in Electrical Engineering from MNNIT Allahabad and holds an MBA from Sikkim Manipal University. His career at NHPC began in November 1995, and he has contributed to various projects including the Uri Power Station, Salal Power Station, and Teesta-V Power Station.

The Board of Directors recommends the approval of the resolution. Aside from the appointee, none of the other directors or key managerial personnel of the company are interested in the resolution. The appointment is being made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.