NHPC Limited — Capital/Financing Update 2024

Apr 23, 2024

फोन /Phone: 0129-2278018

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	फोन**/Phone: **0129-2278018
सदभ स./Ref. No.NH/CS/199
Manager/मनजर,	General Manager/महा�बधक,
Listing Department/िल��टग िवभाग,**M/s BSE Limited/**बीएसई िलिमटड,Phiroze Jeejeebhoy Towers, Dalal Street/िप.ज.टावस,दलाल��ीटMumbai/मबई-400 001Scrip Code: 533098	Listing Department/िल��टग िवभाग,M/s National Stock Exchange of India Limited/नशनल �टॉक ए�सचज ऑफ इिडया िलिमटड**,**Exchange Plaza, Bandra Kurla Complex/ए�सचज�लाजा,बा�ा कला कॉ��ल�स,Bandra (E)/बा�ा (ई), Mumbai/मबई- 400 051Scrip Code: NHPC

ISIN No. INE848E01016

Sub: Signing of Supplementary JV Agreement for sale of partial stake in National High Power Test laboratory Pvt. Ltd. (NHPTL)

िवषय : नेशनल हाई पावर टे�ट लेबोरेटरी �ाइवेट िलिमटेड ( एनएचपीटीएल ) म� िह�सेदारी क� आंिशक िब�� के िलए पूरक जेवी समझौते पर ह�ता�र

Sir/महोदय,

In compliance to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, it is to inform that NHPC limited has signed a Supplementary JV Agreement with JV Partners of National High Power Test laboratory Pvt. Ltd. (NHPTL) i.e. NTPC, POWERGRID, DVC, CPRI and NHPTL for sale of partial stake in NHPTL (an unlisted company) on 23.04.2024.

The relevant information as per SEBI circular dated 13.07.2023 is attached at Annexure-A .

This is for your information and record.

सेबी [सूचीब�ता (िल��टंग) बा�यताएँ और �कटीकरण अपे�ाएँ] िविनयम, 2015 के िविनयमन 30 के अनुपालन म�, यह सूिचत �कया जाता है �क एनएचपीसी िलिमटेड ने नेशनल हाई पावर टे�ट लेबोरेटरी �ाइवेट िलिमटेड (एनएचपीटीएल) के जेवी पाट�नस� यानी एनटीपीसी, पावरि�ड, डीवीसी, सीपीआरआई और एनएचपीटीएल के साथ एनएचपीटीएल (गैरसूचीब� कंपनी) म� िह�सेदारी क� आंिशक िब�� के िलए एक पूरक जेवी समझौते पर 23.04.2024 को ह�ता�र �कए ह�।

सेबी प�रप� �दनांक 13.07.2023 के अनुसार �ासंिगक जानकारी अनुल�क-ए म� संल� है।

यह आपक� जानकारी और �रकाड� के िलए है।

ध�यवाद।

भवदीय ,

संल� : उपरो�ानुसार

Digitally signed by RUPA DEB RUPA DEB Date: 2024.04.23 20:17:25 +05'30' (�पा देब) कंपनी सिचव

पंजीकृत काया�लय : एनएचपीसी ऑ�फस कॉ��लै�स , सै�टर -33, फरीदाबाद – 121003 , ह�रयाणा Regd. Office : NHPC Office Complex, Sector – 33, Faridabad – 121003, Haryana CIN:L40101HR1975GOI032564; Website: www.nhpcindia.com E-mail : webmaster@nhpc.nic.in; EPABX No. : 0129-2588110 / 2588500

िबजली से संबंिधत िशकायत� के िलए 1912 डायल कर� । Dial 1912 for Complaints on Electricity

Annexure-A

Details of disclosure to Stock Exchanges in respect of Supplementary JV Agreement No. 3 to Joint Venture Agreement of National High Power Test laboratory Pvt. Ltd. (NHPTL) signed amongst JV Partners i.e. NTPC, NHPC, POWERGRID, DVC, CPRI & NHPTL on 23.04.2024

	a) the amount and percentage of theturnover or revenue or income and networth contributed by such unit or divisionor undertaking or subsidiary or associatecompany of the listed entity during thelast financial year	a) the amount and percentage of theturnover or revenue or income and networth contributed by such unit or divisionor undertaking or subsidiary or associatecompany of the listed entity during thelast financial year	Total Revenue of NHPTL as on 31.03.2023:Rs. 2023.11 Lakhs(Current %age of Share of NHPC in NHPTL:20%)Net Worth as on 31.03.2023: Negative Net Worth amountingtoRs.(18953.15) Lakhs	Total Revenue of NHPTL as on 31.03.2023:Rs. 2023.11 Lakhs(Current %age of Share of NHPC in NHPTL:20%)Net Worth as on 31.03.2023: Negative Net Worth amountingtoRs.(18953.15) Lakhs
	b) Date on which the agreement for salehas been entered into;		23.04.2024(Supplementary JV Agreement No. 3 to Joint Venture
			Agreement of National High Power Test laboratory Pvt. Ltd.(NHPTL) has been signed amongst JV Partners i.e. NTPC,NHPC,POWERGRID,DVC,CPRI & NHPTL)
	c) The expsale/disposa	ected date of completion ofl	During FY 2024-2025
	d) Considesale/disposa	ration received from suchl;	1,31,63,750 (One Crore Thirty One Lakh Sixty Three ThousandSeven Hundred Fifty) number of shares from NHPC shall befftd t til ttl idti f ₹1/
			aece a noona oa conseraon o-
	e) Brief detaof the buyepromoter grdetails ther
		ils of buyers and whether anyrs belong to the promoter/oup/group companies. If yes,eof;	POWERGRID CORPORATION OF INDIA LIMITED (PGCIL)Yes, the buyer i.e. PGCIL is an existing Promoter of NHPTL.PGCIL is Schedule ‘A’ and ‘Maharatna’ Public Sector Enterpriseof Government of India under the Ministry of Power and holdsapivotal role in the bulk transmission ofpower across India
			.
	f) Whether the transaction would fallwithin related party transactions? If yes,whether the same is done at “arm’slength”;		Exempt as NHPC & PGCIL are Govt. Companies
	g) Whether the sale, lease or disposal ofthe undertaking is outside Scheme ofArrangement? If yes, details of the sameincluding compliance with regulation 37Aof LODR Regulations.		Not Applicable
	h) Additionally, in case of a slump sale,indicativedisclosuresprovidedforamalgamation/merger, shall be disclosedby the listed entity with respect to suchslumpsale.		Not Applicable
	i) Post Transaction, the impact		The revised equity shareholding of POWERGRID in NHPTLshall be 50%, remaining fifty (50%) percent of equity shall beheld equally by the other four Parties (i.e., 12.5% each ofNHPC, NTPC, DVC & CPRI). Before signing of SJVA-3, equityholding of each promoter was 20%. Hence, post completionof transactions, NHPTL will cease to be Associate Company ofNHPC Limited.The transaction is not expected to have any impact on NHPCLimited.