NHPC Limited has announced key changes in its senior management structure, set to take effect from January 01, 2026. The state-owned power generation company made the disclosure in compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, specifically Regulation 30.

Management Transition Details

The company has announced the cessation of Shri Sandeep Kumar from his position as Executive Director, effective December 31, 2025 (End of Day), due to attaining the age of superannuation. This transition marks a significant change in the company's leadership structure.

New Executive Director Appointments

Two senior executives have been promoted to Executive Director positions through internal promotions, both effective January 01, 2026:

Leadership Experience and Background

Both newly appointed Executive Directors bring substantial experience to their roles. Shri Abhayanand Thakur has served the organization for 28 years since joining in June 1997, holding a Bachelor of Science degree in Electrical Engineering. Shri Rajil Vyas contributes even more extensive experience with 29 years of service since joining in December 1996, holding a Bachelor of Technology degree in Electrical Engineering.

Regulatory Compliance

The announcement was made through proper regulatory channels, with the company secretary Rupa Deb signing the official communication. The disclosure fulfills the company's obligations under SEBI regulations for informing stakeholders about changes in senior management personnel, defined as positions one level below the Board of Directors.

These management changes represent a planned succession within NHPC Limited's organizational structure, ensuring continuity in leadership while bringing experienced professionals into key executive roles. The transitions reflect the company's commitment to promoting internal talent and maintaining operational stability during leadership changes.

NHPC has announced an adjustment in its shareholding structure for Ratle Hydro Electric Power Corp, reducing its stake from 59.51% to 49.72%. This change represents a decrease of approximately 9.79 percentage points in the joint venture company.

Shareholding Restructuring Details

The stake adjustment maintains NHPC's position as the majority stakeholder in Ratle Hydro Electric Power Corp, despite the reduction in ownership percentage. The company's shareholding has been restructured as part of the ongoing development of the Ratle Hydro Electric Power project.

Project Implications

The Ratle Hydro Electric Power Corp represents a significant joint venture in India's hydroelectric power sector. NHPC's continued majority ownership, even after the stake adjustment, demonstrates the company's ongoing commitment to the project's development and operations.

This shareholding modification reflects the evolving partnership structure within the joint venture, while ensuring NHPC retains operational control and strategic influence over the Ratle Hydro Electric Power project.