Power Grid Corporation of India Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on August 26, 2025
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Power Grid Corporation of India Limited held its 36th Annual General Meeting on August 26, 2025, via video conferencing, with 231 members participating. Chairman & Managing Director Shri Ravindra Kumar Tyagi chaired the meeting, and the statutory auditors' report on FY25 audited financial statements was noted to be clean, with no qualifications or adverse observations. Members were asked to vote on 14 resolutions, including adoption of FY25 accounts, confirmation of 1st and 2nd interim dividends and declaration of the final dividend for FY25, re-appointment of two retiring directors, and the appointment of a new Whole-time Director (Projects), a Government Nominee Director, and three Independent Directors. Two special resolutions stood out: increasing the borrowing limit from ₹16,000 crore to ₹25,000 crore for FY26, and seeking approval to raise up to ₹30,000 crore through private placement of bonds for FY27. The meeting concluded at 12:43 PM, and the e-voting results along with the scrutinizer's report will be announced separately.
Shareholders will benefit from the confirmation of interim dividends and the proposed final dividend for FY25, while the significant expansion in borrowing capacity signals major capex or growth plans ahead. The outcome of the voting on all resolutions, especially the large borrowing authorizations, will be the next catalyst for the stock.