Compliance under Regulation 24A(2) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
POWERGRID · price
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Power Grid has filed its annual Secretarial Compliance Report for FY 2025-26, reviewed by Company Secretaries A.K. Rastogi & Associates. The report confirms the company is now compliant with SEBI regulations after resolving past issues. Previous non-compliances related to Board composition (lack of Independent Directors and Woman Director) and committee compositions arose because director appointments are controlled by the President of India. These were resolved after two Independent Directors joined on 16.04.2025 and one Independent Woman Director on 16.05.2025. A fine of Rs. 14.39 lakh (plus GST) levied for Q4 FY2025 non-compliance was waived by NSE and BSE in September-October 2025. The statutory auditor was changed when M/s. Rama K Gupta & Co. resigned and was replaced by M/s. ASA & Associates LLP appointed by C&AG.
This is a positive development for shareholders as the company has resolved all regulatory non-compliances and obtained waivers for past fines. The Secretarial Compliance Report provides assurance that Power Grid maintains proper Board processes and compliance mechanisms.