In a significant development affecting corporate governance at NTPC Limited, the company has announced that Shri Balaji Bhagwatrao Narare, who has been serving as Executive Director, will superannuate and cease his duties effective 28th February 2026. This disclosure has been made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, which mandates timely reporting of changes in senior management of listed entities.

Shri Balaji Bhagwatrao Narare has been a key figure in the leadership of NTPC, contributing significantly to the company’s operations and strategic initiatives. His cessation marks the conclusion of a distinguished tenure at one of India’s largest public sector power companies. The announcement has been formally communicated to both the BSE Limited (Scrip Code: 532555) and the National Stock Exchange of India Limited (Symbol: NTPC), ensuring full regulatory compliance and transparency for investors, analysts, and stakeholders.

Superannuation of senior executives in public sector companies like NTPC is a standard practice and reflects a planned transition in leadership, allowing for succession planning and continuity in strategic direction. The company has ensured that this process is formally documented and disclosed under SEBI LODR guidelines, maintaining investor confidence and transparency in corporate governance.

The cessation of Shri Narare is expected to be handled smoothly with internal measures in place to transition responsibilities to ensure ongoing operational efficiency. Such updates are crucial for stakeholders to monitor changes in senior management, assess impacts on corporate strategy, and maintain confidence in the company’s governance practices.

This development underscores NTPC’s commitment to transparent reporting, adherence to SEBI regulations, and maintaining robust governance practices as a leading public sector company in India. The company continues to operate with professional and structured leadership, and any further appointments or changes in senior management will be disclosed promptly to the stock exchanges.

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