Power Grid Corporation of India Limited has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
POWERGRID · price
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Awaiting price reaction for this filing.
PowerGrid has filed a routine annual compliance disclosure under Regulation 31(4) of SEBI's Substantial Acquisition of Shares and Takeovers Regulations, 2011. The promoter — the President of India acting through the Ministry of Power — has confirmed that no new encumbrance (pledge, lien, or similar charge) has been created on the promoter's shares in PowerGrid, directly or indirectly, during the financial year ending 31 March 2025. The disclosure notes that any encumbrances already reported earlier in the year remain the only ones outstanding. The letter is signed by Deepak Rao, Director, Ministry of Power.
This is a routine negative declaration with no material impact on shareholders. It simply confirms the Government of India (as promoter) has not pledged or encumbered any additional PowerGrid shares, which is neutral to slightly positive as it means no new leverage risk on the promoter's holding.