Power Grid Corporation of India Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on August 26, 2025
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Power Grid Corporation has notified its 36th AGM scheduled for Tuesday, 26 August 2025 at 11:00 AM (IST) via Video Conferencing, with the Integrated Annual Report for FY 2024-25 also enclosed. Key agenda items include adoption of audited financial statements, confirmation of 1st and 2nd interim dividends and declaration of the final dividend for FY25, re-appointment of two retiring directors, and appointment of several new directors including a Director (Projects), a Government Nominee Director, and three Independent Directors. The Board has already paid a 1st interim dividend of ₹4.50/share and 2nd interim of ₹3.25/share, and is recommending a final dividend of ₹1.25/share, taking the total FY25 dividend to ₹9.00 per share (90%), with the record date set for 19 August 2025 and payment on 12 September 2025. Two special resolutions seek shareholder approval to raise the borrowing limit for FY 2025-26 from ₹16,000 Crore to ₹25,000 Crore and a fresh limit of ₹30,000 Crore for FY 2026-27 through private placement of bonds/debentures to fund capex and refinancing.
This is a routine AGM notice, but the significant borrowing limit hikes (up to ₹55,000 Crore combined over FY26 and FY27) signal heavy capex plans likely tied to transmission network expansion, which could lift future revenue but also increase debt. Shareholders benefit from a strong ₹9/share total dividend for FY25 and should watch for AGM voting results on the borrowing resolutions and director appointments.