Power Grid Corporation of India Limited has informed the Exchange about General Updates
POWERGRID · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Power Grid has received notices from BSE and NSE dated 27th February 2026 for not meeting the board composition requirement under SEBI's Listing Regulations (Regulation 17(1)) for the quarter ending 31st December 2025. Both exchanges have imposed a fine of Rs. 5,42,800 (including GST) each. The non-compliance is due to vacant Independent Director positions on the board. Since Power Grid is a Government Company, the power to appoint directors rests with the President of India. The company has escalated the matter to the Ministry of Power to fill the vacant posts. Power Grid has separately written to both exchanges on 28th February 2026 requesting a waiver of the fines.
The financial impact is negligible (about Rs. 10.85 lakh total in fines) for a large PSU like Power Grid. The issue is administrative — pending government appointments rather than internal governance failure — and the company has already sought a waiver, so this is unlikely to materially affect the stock.