Power Grid Corporation of India Limited has informed the Exchange about General Updates

POWERGRID · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reaction · full curve 14 horizons · vs prior close

-5.2%1-day move

₹300.55

prior close

₹303.00

base price

After-mkt

timing

5m10m15m30m1D2D3D4D5D7D15D1M2M3M

-0.3-0.9-1.1-1.6-5.2-6.2-5.3-5.2-5.0-5.0-2.6-4.6——

Up moveDown movePending

AI summary

Power Grid Corporation has received notices from BSE and NSE dated 27th May 2026 regarding non-compliance with Regulation 17(1) of SEBI LODR, which relates to the composition of the Board of Directors. The non-compliance was for the quarter ended 31st March 2026. Both exchanges have imposed a fine of Rs. 5,31,000 each (including GST), totaling Rs. 10,62,000. As a Government Company under the Companies Act 2013, the power to appoint Independent Directors rests with the President of India. POWERGRID has already taken up the matter with the Ministry of Power to fill vacant Independent Director positions and has requested both exchanges to waive the fine.

Likely market impact

Minor financial impact of Rs. 10.62 lakh on a large PSU like POWERGRID. However, unresolved board composition issues could attract continued regulatory scrutiny and potential future penalties if not addressed by the Ministry of Power.