NHPC Limited has announced a change in its board composition with the cessation of Independent Director Shri Premkumar Goverthan, effective March 2, 2026. The departure marks the completion of his tenure as an independent director of the Navratna public sector enterprise.

Director Tenure Completion

Shri Premkumar Goverthan (DIN: 10064794) ceased to be an Independent Director of NHPC Limited following the completion of his tenure as per the Ministry of Power (MoP) order dated March 2, 2023. The cessation became effective from March 2, 2026, marking the end of his three-year term on the company's board.

Regulatory Compliance

The company has notified both BSE Limited and National Stock Exchange of India Limited about this board change in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The formal communication was signed by Company Secretary Rupa Deb and submitted to the stock exchanges for information and record purposes.

About NHPC Limited

NHPC Limited operates as a Government of India Navratna Enterprise in the power sector. The company is listed on both BSE (Scrip Code: 533098) and NSE (Scrip Code: NHPC), with its registered office located at NHPC Office Complex, Sector-33, Faridabad, Haryana. The organization has been certified as a Great Place to Work, reflecting its commitment to maintaining high workplace standards.

NHPC Limited has successfully completed a significant debt fundraising exercise, raising ₹2,000 crore through the issuance of bonds on private placement basis. The Government of India Navratna enterprise issued these bonds in compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, under Regulation 30.

Bond Issue Details

The company issued 7.29% AH Series Bonds 2041 on 27.02.2026, structured as unsecured, redeemable, non-convertible, non-cumulative, and taxable instruments. The bonds carry a 15-year tenor from the date of allotment, with maturity scheduled for 27.02.2041.

Bond Structure and Tranches

The bond issue is uniquely structured into 10 separate tranches, designated as STRPP A through STRPP J, each with different maturity periods ranging from 6 to 15 years. This structure enables systematic principal repayment through annual installments starting from the 6th year.

Listing and Payment Schedule

The bonds are proposed for listing on the Wholesale Debt Market segments of both Bombay Stock Exchange (BSE) and National Stock Exchange (NSE). The interest payment follows an annual schedule with a uniform coupon rate of 7.29% across all tranches.

The principal repayment structure involves 10 annual installments of ₹200 crore each, commencing from the expiry of 6 years from the deemed date of allotment. Each tranche will be redeemed at its respective maturity date, providing investors with staggered redemption options.

Key Features

The bonds carry several important characteristics that define their investment profile:

• Unsecured Nature: No charge or security created over company assets
• Tax Treatment: Taxable bonds with interest subject to applicable taxes
• Day Count Convention: Actual/Actual basis for interest calculations
• Effective Yield: Uniform across all investor categories
• Private Placement: Issued through private placement route rather than public offering

This bond issuance represents NHPC's strategic approach to long-term debt financing, providing the company with substantial capital while offering investors a structured investment opportunity with predictable cash flows over varying tenures.