NHPC Ltd

NHPC Ltd: Trading Window closed from 01.10.2026 until 48 hours after declaration of financial results for quarter and half-year ended 30 September 2026

Hearing date for amalgamation

• MCA intimates 28.09.2026 hearing date for the amalgamation scheme.
• Hearing previously postponed from 25.08.2026; now fixed for 28.09.2026.
• Transferor: Jalpower Corporation Limited, a wholly owned NHPC subsidiary.
• Transferee: NHPC Limited.
• Scheme governed by Sections 230–232 of the Companies Act, 2013.
• Complies with SEBI LODR Regulation 30 disclosure requirements.
• Status: Intimation for information and record; no outcome declared yet.

ESG rating disclosure

• Crisil ESG Ratings and Analytics assigned NHPC ESG 64 and Core ESG 74.
• NHPC states it did not engage Crisil; rating prepared independently using public-domain data.
• Disclosure made under SEBI Regulation 30 for LODR compliance.
• Continues from earlier communication dated 03.08.2026.

ESG Rating Disclosure

• ESG Rating: 64 assigned to NHPC by M/s Niche Ninety Nine Capability and Certifications (OPC) Pvt Ltd.
• NHPC did not engage the firm; rating prepared independently using public-domain data.
• Rating available on NSE website.
• Regulatory context: Disclosed under Regulation 30 of SEBI LODR.
• For information and record.

Code Type & Amendment

• Amended Code: Code of Practices and Procedures for Fair Disclosure of UPSI.
• Version 5.0 approved by Board in 512th meeting on 28 August 2026.

Objective & Scope

• Objective: fair, prompt public disclosure of UPSI.
• Scope: applies to insiders and need-to-know recipients.

Materiality & Disclosure Policy

• Policy for Materiality of Events/Info adopted for stock exchange disclosures.
• Material Events and Information disclosed to exchanges and hosted on the company website.

Governance & Oversight

• CIRO is the primary overseer for disclosure, coordinating with Company Secretary.
• CIRO handles continuous disclosure and staff education on the policy.

Legitimate Purposes & SDD

• Legitimate Purposes policy permits UPSI sharing on a need-to-know basis.
• Head of Department must justify sharing and notify Compliance Officer; NDAs required.
• Recipients under legitimate purposes are treated as insiders and must maintain confidentiality.
• Information flow must be recorded in the Structured Digital Database (SDD).
• Parties sharing UPSI execute confidentiality agreements.

Leaks & Market Response

• In case of UPSI leak, initiate inquiries and inform the Board and SEBI.
• Leaked UPSI must be addressed publicly; regulator interaction may follow.
• Do not trade while in possession of UPSI; maintain confidentiality.
• If selective disclosure occurs, CIRO/Secretary responds promptly; rumors not considered selective.

Access to Policy

• Full code accessible at NHPC website: nhpcindia.com/welcome/page/130.

ESG score disclosure

• NHPC reports ESG score of 48 assigned by ESG Risk Assessments & Insights Limited.
• The score is publicly available on BSE and NSE websites.
• NHPC has not engaged M/s ESG Risk Assessments & Insights Limited for ESG scoring.
• The company independently prepared the report based on public-domain data.
• Disclosure is in continuation of the letter dated 23.03.2026.
• Regulation 30 of SEBI LODR 2015 compliance.

Key Update

• India's CAG appoints three firms as Joint Statutory Auditors for FY 2026-27.
• Firms are Vinod Kumar & Associates, S Jaykishan, and Dharam Raj & Co.
• No change in the two continuing auditors from last year.
• Auditors will also audit Consolidated Financial Statements of NHPC under the Companies Act.

Arbitral Award Details

• Arbitral Tribunal awarded on 01.09.2026 in NHPC vs BGS-SGS-SOMA dispute.
• Subansiri Lower project SSL-1; claimed INR 7,96,86,70,978 and EUR 28,76,497.44.
• Awarded amount: INR 3,92,31,46,740 and EUR 15,36,530.
• Award covers principal plus 10% interest up to 31.08.2026.
• Per CERC Tariff Regulations, 2024, the awardable amount is allowable as project cost and recoverable through tariff.

ESG score update

• S&P Global revised NHPC's ESG score to 57 as of 28 August 2026.
• Previous score was 61, awarded in February 2026.
• Revision based on Media and Stakeholder Analysis of Teesta VI HEP incident dated 20 July 2026.
• Environment score unchanged; Social and Governance scores were reduced.
• NHPC has raised concerns and requested appropriate justification for the deduction.
• No immediate financial impact disclosed.