NTPC Limited has successfully transferred two coal mining assets to its wholly owned subsidiary NTPC Mining Limited (NML) as part of its ongoing coal mining business restructuring initiative. The transfer became effective on February 1, 2026, marking a significant step in the company's strategic reorganization of its coal operations.

Coal Mine Transfer Details

The transfer encompasses two strategically important coal mining assets located in key mineral-rich states:

Revised Transfer Timeline

The company disclosed that the actual transfer date was revised from the initially communicated January 31, 2026, to February 1, 2026. This adjustment was communicated through a regulatory filing under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Strategic Business Restructuring

This transfer forms part of NTPC's broader strategy to consolidate its coal mining operations under a specialized subsidiary structure. The phased approach allows for systematic transfer of coal mining assets while maintaining operational continuity. NTPC Mining Limited, being a wholly owned subsidiary, ensures complete control over the coal supply chain critical to NTPC's power generation operations.

Regulatory Compliance

The transfer has been executed in compliance with regulatory requirements, with appropriate disclosures made to both BSE Limited and National Stock Exchange of India Limited. The company maintains transparency through regular updates on the progress of its coal mining business restructuring initiative.

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.