NTPC Buyback Report Denied on October 20, 2026: Company Calls the Article Misleading

A report of an NTPC buyback did the rounds on Tuesday, and NTPC says it isn’t true. In a clarification filed with NSE and BSE on October 20, 2026, the power producer said an article on the AD HOC News website, headlined “NTPC Posts 7.43 Percent Profit Growth; Buyback Sets Date for NTPC Stock”, was “factually incorrect and misleading”.

Two claims sat in that headline: a profit number and a buyback date. NTPC’s reply covers the whole article. The company said the statements in it “do not correspond with any disclosure” it has made to the stock exchanges.

NTPC buyback report: what the company said

The letter is short. It is filed under Regulation 30 of SEBI’s listing rules and signed by company secretary Ritu Arora. It makes three points:

• The article’s information is factually incorrect and misleading.
• Investors and stakeholders should rely only on what NTPC files with the exchanges and puts on its own website.
• NTPC is taking the matter up with the publisher “for appropriate corrective action”.

That’s it. There’s no new profit figure and no buyback plan in the filing, and NTPC hasn’t said anything about either beyond calling the article wrong.

Why the “profit growth” part doesn’t add up yet

NTPC hasn’t reported its September-quarter numbers. On September 22 it told the exchanges that its trading window for insiders would stay shut from October 1 until 48 hours after the Q2 results are declared, and that the board meeting date for those results “shall be intimated in due course”. As of October 20, the company’s board meeting filings on NSE still showed no date for a Q2 results meeting. The last one listed was July 24, 2026, for the June quarter.

So any “profit growth” figure for Q2 doing the rounds before that meeting isn’t coming from the company. That’s a simple check any of us can run before reacting to a headline.

The rumour rule behind filings like this

Companies often say nothing about what gets written on them online. SEBI changed that for the largest names. Under Regulation 30(11) of the listing rules, big companies have to confirm, deny or clarify market rumours reported in mainstream media. SEBI’s May 21, 2024 circular applied this to the top 100 listed companies from June 1, 2024 and to the top 250 from December 1, 2024.

There are limits. The industry standards note that companies follow says a specific rumour needs a formal response only if it causes a “material price movement” under the exchanges’ framework, and news aggregators don’t count as mainstream media. NTPC’s letter doesn’t say which of these applied, and with markets shut on Tuesday for Dussehra, as we covered in our market holiday post, there was no trading for the report to move. NTPC chose to put its denial on record anyway.

What it means for investors

NTPC shares get their first session since the denial on Wednesday. The practical takeaway is plain: a buyback date or a quarterly profit number for a listed company should show up first in its exchange filings, and NTPC has now said in writing that this one didn’t. If you hold the stock, the filing to wait for is the Q2 board meeting notice.

It’s also a good reminder of how much of a company’s news now comes straight from its own disclosures. We’ve written about how SEBI’s insider trading rules and trading windows work, and NTPC’s own filings have been busy lately, from its nuclear feasibility studies to another 66.18 MW of solar capacity at Kalasar in Bikaner declared commercial from October 10.

Disclaimer: This article is for information only and is not investment advice. Details are taken from NTPC’s exchange filings and the SEBI and industry documents linked above. Please do your own research or consult a SEBI-registered adviser before investing.