POWERGRID Infrastructure Investment Trust has informed the Exchange regarding Disclosure of material issue
Awaiting price reaction for this filing.
POWERGRID Infrastructure Investment Trust (PGInvIT) has received relaxation from SEBI on two fronts. First, SEBI granted relief from board nomination rights provisions for unitholders till September 30, 2026. Second, SEBI allowed relaxation from strict compliance with corporate governance norms regarding independent directors on the Board till June 30, 2026. The request was made by PGInvIT through its Investment Manager, POWERGRID Unchahar Transmission Limited, and SEBI acceded to this request via letter dated April 29, 2026. This appears to be a routine regulatory relief seeking temporary exemptions from existing InvIT regulations.
This relaxation provides temporary flexibility for PGInvIT regarding board composition and unitholder nomination rights. It is not a penalty or enforcement action but rather a regulatory accommodation granted by SEBI. Shareholders need not be concerned as this is routine regulatory relief with defined timelines.