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The latest announcement is out from Power Grid Corporation of India Limited ( (IN:POWERGRID) ).
Power Grid Corporation of India Limited has disclosed that both BSE and NSE have imposed fines of Rs. 5,42,800 each, including GST, for non-compliance with board composition norms under Regulation 17(1) of SEBI’s Listing Obligations and Disclosure Requirements for the quarter ended 31 December 2025. The company has stated that the delay in appointing independent directors stems from its status as a government company, with appointment powers resting with the President of India, and it has approached the Ministry of Power to fill the vacancies while simultaneously requesting BSE and NSE to waive the imposed penalties.
The financial impact of the fines is limited in scale relative to Power Grid’s operations, but the episode underscores ongoing governance and compliance challenges for state-owned enterprises that depend on government processes for board appointments. The company’s move to seek a waiver and expedite independent director appointments aims to restore full compliance with SEBI’s corporate governance framework and reassure market participants about its adherence to listing regulations.
More about Power Grid Corporation of India Limited
Power Grid Corporation of India Limited is a state-owned electric utility engaged in power transmission across India. As a central government company under the Ministry of Power, it operates the national transmission network and is a key player in the country’s power infrastructure, with its board appointments controlled by the President of India.
Average Trading Volume: 607,974
Technical Sentiment Signal: Strong Buy
Current Market Cap: 2778.6B INR
For a thorough assessment of POWERGRID stock, go to TipRanks’ Stock Analysis page.