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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On 19th March 2026, the Board of Power Grid approved a revised plan to merge 28 of its wholly owned subsidiaries (WOS) into 2 other WOS, replacing the earlier proposal from 20th December 2025 which covered only 11 WOS into 2 WOS. This is an internal group restructuring within Power Grid, as all entities involved are its wholly owned subsidiaries, so no external shareholders are affected. The stated objective is to consolidate business, create larger unified entities, reduce the number of group companies, and improve operational, management, and administrative efficiency. The merger schemes are subject to statutory, regulatory, and government approvals, with further updates to be shared in due course.
For shareholders, this is largely an internal housekeeping exercise with no immediate effect on shareholding or earnings, though it may lead to long-term cost savings and a cleaner group structure.