NTPC Limited's Board of Directors has taken a significant decision regarding the promoter restructuring of PTC India Limited during its meeting held on January 30, 2026. The board meeting, which commenced at 2:30 P.M. and concluded at 4:05 P.M., addressed an Office Memorandum dated January 16, 2026, received from the Ministry of Power, Government of India.

Promoter Restructuring Details

The restructuring plan involves a comprehensive change in PTC India Limited's promoter structure and governance framework:

Leadership and Governance Changes

The restructuring encompasses significant changes in the leadership structure of PTC India Limited. Under the new arrangement, NTPC's Chairman and Managing Director will function as the Non-Executive Chairman of PTC, while PTC's current Chairman and Managing Director will be redesignated as Executive Managing Director.

The three existing promoters - Power Finance Corporation Limited, Power Grid Corporation of India Limited, and NHPC Limited - will withdraw their nominee directors from PTC's Board of Directors. Additionally, these entities will relinquish their promoter rights as provided in PTC's Articles of Association.

Regulatory Framework

Following the withdrawal of nominee directors from Central Public Sector Undertakings and the transfer of management control to NTPC, the Ministry of Power, Government of India, may also withdraw its nominee director from PTC's Board of Directors.

The implementation of this arrangement is subject to several regulatory requirements:

• Necessary amendments to PTC's Articles of Association
• Compliance with regulatory requirements
• Fulfillment of statutory obligations

Corporate Compliance

The board decision was communicated to stock exchanges in compliance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The communication was signed by Ritu Arora, Company Secretary & Compliance Officer, bearing membership number F5270.

This restructuring represents a significant consolidation move within the power sector, positioning NTPC as the primary controlling entity for PTC India Limited's operations and strategic direction.

NTPC Limited has announced changes in its senior management structure, with Executive Director Shri Aditya Dar set to retire through superannuation. The power generation company filed the mandatory disclosure with stock exchanges on January 29, 2026, in compliance with regulatory requirements.

Management Transition Details

The company reported the cessation under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The management change involves the following executive:

Regulatory Compliance

The disclosure was submitted to both major Indian stock exchanges as part of NTPC's ongoing compliance obligations. Company Secretary & Compliance Officer Ritu Arora signed the official communication, ensuring proper documentation of the senior management transition.

Exchange Communication

NTPC filed the intimation with BSE Limited and National Stock Exchange of India Limited simultaneously. The company maintains its listing on both exchanges, trading under scrip code 532555 on BSE and symbol NTPC on NSE. The formal notification ensures transparency regarding leadership changes that may impact stakeholder interests.

The retirement represents a natural transition as part of the company's succession planning process. NTPC continues to maintain its corporate governance standards through timely disclosure of material changes in senior management positions.