Power Grid Corporation of India Limited has informed the Exchange about Disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements), Regulations 2015.
POWERGRID · price
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Awaiting price reaction for this filing.
Power Grid Corporation informed the exchanges that BSE has approved the company's request to waive a fine of Rs. 5,42,800/- (including GST) that was earlier imposed for non-submission of information related to interest payment obligation for the 7.74% POWERGRID Bond LXI Issue under Regulation 57(1) of SEBI LODR. The fine was originally levied in January 2025 despite the company having actually paid the interest of Rs. 232.20 crore to bondholders on the due date (12.12.2024) and informed BSE via email on the same day. BSE had initially rejected the waiver request in June 2025, but after the company pursued the matter further, the relevant authority at BSE approved the waiver on 21.07.2025.
Positive for shareholders as the financial penalty of Rs. 5.42 lakh has been waived, closing a compliance matter without any monetary cost to the company. The interest obligation of Rs. 232.20 crore to bondholders was always met on time, so this resolution removes a regulatory overhang.