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 filed its Annual Secretarial Compliance Report for FY 2025-26, certified by practicing company secretaries Sinha & Srivastava LLP. The report shows PGInvIT and its Investment Manager (POWERGRID Unchahar Transmission Limited) have fully complied with all SEBI regulations during the review period with NIL deviations. No actions were taken against PGInvIT by SEBI or stock exchanges. However, the Trustee (IDBI Trusteeship Services Limited) received advisory letters from SEBI regarding disclosure issues. The Sponsor (Power Grid Corporation of India Limited) faced multiple fines from NSE and BSE for board composition non-compliance due to delays in appointing Independent Directors as a government company, though several fines have been waived upon request.
PGInvIT shows clean compliance with no violations, which is positive for investors. The fines mentioned relate to the Sponsor (POWERGRID), a government company, where appointment delays for Independent Directors were due to presidential appointment processes. This filing indicates good governance practices within the InvIT structure.