NHPC Limited has completed a tripartite agreement for the transition of its registrar and transfer agent (RTA) services, marking an important administrative milestone for the government-owned Navratna enterprise. The company has informed stock exchanges about this development in compliance with regulatory requirements.

Agreement Details and Timeline

The tripartite agreement was executed on December 11, 2025, involving three parties in the RTA transition process. NHPC Limited received the signed copy of the agreement on December 17, 2025, completing the formal documentation process.

RTA Transition Details

The agreement facilitates the formal transition from the erstwhile RTA to the new service provider. Kfin Technologies Limited has taken over as the new registrar and transfer agent with effect from July 29, 2024, replacing Alankit Assignments Limited in this capacity.

The tripartite structure ensures proper handover procedures and continuity of shareholder services during the transition period. This arrangement aims to protect shareholder interests while maintaining compliance with regulatory standards.

Regulatory Compliance

NHPC Limited has fulfilled its disclosure obligations under Regulation 7 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company referenced its earlier communication dated July 29, 2024, indicating ongoing transparency in the RTA transition process.

The completion of this tripartite agreement represents the final step in the RTA changeover process that began several months earlier. This administrative transition is intended to ensure uninterrupted shareholder services and maintain the company's commitment to regulatory compliance and corporate governance standards.

NHPC Limited , India's premier hydropower company, has announced a significant change in its top leadership. The company's Board of Directors has appointed Shri Mahesh Kumar Sharma as the new Chief Financial Officer (CFO), effective November 6, 2025. This appointment marks a crucial step in NHPC's financial management strategy.

A Seasoned Financial Expert Takes the Helm

Mahesh Kumar Sharma, who currently holds the position of Director (Finance) at NHPC, brings a wealth of experience to his new role as CFO. With over 30 years of post-qualification experience, Sharma is a Fellow Member of the Institute of Chartered Accountants of India (ICAI). His expertise spans various critical areas of finance, including corporate accounts, treasury, commercial operations, and contract management.

Extensive Experience within NHPC

Sharma's journey with NHPC began as an Accounts Officer, and over the past 25 years, he has steadily risen through the ranks. His diverse experience within the company includes:

• Serving as Finance Head of NHPC's Commercial Division
• Holding the position of Chief Finance Officer at NHPC Renewable Energy Ltd., a wholly-owned subsidiary of NHPC
• Playing a crucial role in the Initial Public Offer implementation team during NHPC's listing on Indian bourses

Expertise in Hydroelectric Power Projects

Throughout his career, Sharma has developed extensive knowledge in the financial management of large-scale infrastructure projects. His deep understanding of tariff and regulatory frameworks is particularly valuable in the planning, development, and operation of hydroelectric power projects.

Professional Achievements

Sharma's professional journey is marked by several notable achievements:

• Holds a Diploma in Information Systems Audit (DISA) from ICAI, securing the All India 3rd Rank
• Served as an Executive Body Member of the Faridabad branch of Northern India Regional Council of ICAI from 2004-07
• Chaired the Faridabad branch during 2006-07
• Received the 'Best Chairman' award for Northern India by the Northern India Regional Council of ICAI for 2006-07

Implications for NHPC

The appointment of Mahesh Kumar Sharma as CFO is expected to bring a fresh perspective to NHPC's financial strategies. His extensive experience within the company and deep understanding of the hydropower sector position him well to navigate the financial complexities of large-scale energy projects.

As NHPC continues to play a crucial role in India's renewable energy landscape, Sharma's leadership in the finance department will be instrumental in driving the company's growth and operational efficiency.

This strategic appointment underscores NHPC's commitment to strengthening its financial leadership as it pursues its mission of harnessing hydropower potential in India.