Power Grid Corporation of India Limited has informed the Exchange about Disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 - Change in Senior Management (Cessation).
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Power Grid Corporation has informed the exchanges that two of its Executive Directors — Shri Rajesh Kumar (DIN: 08640195) and Shri A. Nagaraju (DIN: 08599133) — have retired from service effective June 30, 2025, upon attaining the age of superannuation. Both were classified as Senior Management Personnel, one level below the Board of Directors. The disclosure was made under SEBI's Regulation 30 read with the SEBI Master Circular dated November 11, 2024. No replacement or appointment details have been provided in this filing.
This is a routine, age-driven retirement and is unlikely to materially affect the stock. As a large public-sector utility, Power Grid typically has succession planning in place, and shareholders should look out for any follow-up announcement regarding new appointments to these positions.