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.
BSE has turned down PowerGrid Corporation of India's (POWERGRID) request to waive a fine of Rs. 5,42,800 (including GST) that was imposed for not submitting information about interest payment on its 7.74% POWERGRID Bond LXI Issue under SEBI's listing regulations. POWERGRID had argued that the actual interest payment of Rs. 232.20 crore was made on time on 12.12.2024 and that BSE was informed via email on the same day. The Board of Directors, at its meeting on 10.06.2025, reviewed the matter and decided to continue pursuing the waiver with BSE. The fine itself is very small relative to the size of the interest payment involved.
The fine of Rs. 5.43 lakh is financially negligible for a company of POWERGRID's size, so there is no meaningful impact on shareholders or the stock price. The matter is essentially a procedural/compliance dispute with the exchange, and the company plans to keep contesting it.