NTPC Limited has received a substantial tax demand order from the Bihar GST authorities, totaling ₹19,96,97,068. The order was issued by the Additional Commissioner CGST & Central Excise, Patna-1 on February 27, 2026, under Section 74 of the CGST Act 2017 and Bihar GST Act 2017.

Order Details and Allegations

The tax demand relates to alleged violations during financial years 2019-20 and 2020-21. The primary issue concerns the reversal of Input Tax Credit (ITC) in respect of credit notes, where the company had not originally availed the ITC. This technical violation has resulted in the substantial demand from the tax authorities.

Financial Breakdown

The total demand of ₹19,96,97,068 comprises multiple components as detailed by the tax authority:

Company's Response Strategy

NTPC has outlined its immediate response to the tax order. The company plans to file an appeal before the First Appellate Authority CGST & Central Excise (Appeals), Patna within the prescribed timeline. This legal recourse allows the company to contest the demand and present its case before a higher authority.

The power generation major has emphasized that this order will not have any material impact on the company's financials, operations, or other business activities. This statement suggests that NTPC views the matter as manageable within its current financial framework.

Regulatory Compliance

The disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This regulation mandates listed companies to inform stock exchanges about material events that could impact investor decisions. The communication was signed by Company Secretary & Compliance Officer Ritu Arora, ensuring proper regulatory adherence.

NTPC Limited has announced the upcoming retirement of one of its senior executives as part of mandatory regulatory disclosures. The power sector giant informed stock exchanges about a significant change in its senior management structure scheduled for the end of February 2026.

Executive Leadership Transition

The company has formally notified that Executive Director Shri Balaji Bhagwatrao Narare will cease his position due to superannuation on February 28, 2026. This announcement was made in strict compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, which mandates disclosure of material changes in senior management.

Regulatory Compliance

The formal intimation was signed by Company Secretary and Compliance Officer Ritu Arora on February 27, 2026. The disclosure letter was simultaneously sent to both major Indian stock exchanges where NTPC shares are listed - BSE Limited and National Stock Exchange of India Limited.

Stock Exchange Communication

NTPC's communication to the exchanges included comprehensive details about the management change. The company maintains transparency in its corporate governance practices by ensuring timely disclosure of all material information that could impact stakeholder interests.

This retirement represents a natural transition in NTPC's leadership structure as the executive reaches the standard superannuation age. The company continues to maintain its commitment to regulatory compliance and transparent communication with all stakeholders through proper disclosure mechanisms.