Power Grid Corporation of India Limited has informed the Exchange about change in Senior Management (Cessation).
POWERGRID · price
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Power Grid Corporation of India has informed the exchanges that two of its Executive Directors — Shri Ashwani Kumar Gupta and Shri Jasbir Singh — have ceased to hold their positions effective March 31, 2026, upon attaining the age of superannuation. Both were classified as Senior Management Personnel (one level below the Board of Directors). The disclosure was made under SEBI's Listing Regulations, with the company secretary Satyaprakash Dash signing off. The cessation is a routine, planned retirement and not linked to any performance, governance, or disciplinary issue.
This is a routine, age-based retirement and is unlikely to have any material impact on the stock price or operations. Power Grid, being a large public sector company, is expected to have succession plans in place to fill these executive director positions.