NEW DELHI. In a major corporate governance overhaul directed by the Ministry of Power, PTC India Limited has initiated sweeping changes to its promoter structure and top management framework, marking a significant shift in its organisational history. The company has issued a postal ballot notice seeking shareholder approval to amend its Articles of Association and implement a restructuring plan under which NTPC Limited will emerge as the sole promoter. As part of the recast, three central public sector undertakings—Power Finance Corporation, Power Grid Corporation of India Limited and NHPC Limited—will exit the promoter category and withdraw their nominee directors from the board. The restructuring also предусматри bifurcation of the Chairman and Managing Director roles to strengthen corporate governance and align the company’s leadership structure with evolving regulatory and operational requirements in the power trading sector.
NTPC Limited to Become Sole Promoter of PTC India Limited; CMD Role to Be Split
