Disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
POWERGRID · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Power Grid received notices from BSE and NSE dated 27th May, 2026 regarding non-compliance with Regulation 17(1) of SEBI LODR related to Board composition for the quarter ended 31st March, 2026. Both exchanges imposed a fine of Rs. 5,31,000 each (including GST), totaling Rs. 10,62,000. The company is a Government Company under the Companies Act, 2013, where the power to appoint Independent Directors rests with the President of India. Power Grid has requested both exchanges to waive the fine, citing that filling vacant Independent Director posts is beyond their control as it requires action from the Ministry of Power and the President of India.
The fine amount is relatively small for a company of Power Grid's scale, but ongoing board composition non-compliance could attract further regulatory scrutiny. The company's waiver request may or may not be granted, and prolonged non-compliance could affect investor sentiment.