Power Grid Corporation of India Limited has informed the Exchange about Relaxation received under Regulation 102 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015
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Power Grid Corporation has informed the stock exchanges that SEBI has granted its request for relaxation from certain corporate governance compliance requirements. Specifically, the company sought exemption from complying with Regulation 17(10), which deals with board performance evaluation, and Regulation 25(4)(a) and 25(4)(b), which relate to provisions concerning independent directors. SEBI, through a letter dated 2nd March 2026, accepted the company's request and granted the relaxation. Power Grid is a government-owned Maharatna PSU, and such relaxations are commonly sought by public sector companies where independent directors are appointed by the government. The disclosure has been made under Regulation 30 of SEBI LODR Regulations.
This is a procedural regulatory update with no direct impact on the company's financials, operations, or shareholder value. It simply means Power Grid has been excused from certain board evaluation and independent director-related compliance requirements, which is typical for government companies.