Power Grid Corporation of India Limited (POWERGRID) has successfully received approval from the Securities and Exchange Board of India (SEBI) regarding a request for regulatory relaxation. The company sought relief concerning specific compliance mandates outlined in the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. SEBI has officially ‘acceded to’ the request on 02nd March, 2026, providing the necessary waiver for the company to proceed with its intended actions.
Regulatory Relief Secured by POWERGRID
Power Grid Corporation of India Limited (POWERGRID) announced today, 02nd March, 2026, that it has received formal approval for a crucial request concerning regulatory compliance. The company had petitioned the Securities and Exchange Board of India (SEBI) seeking relaxation from adhering to certain provisions within the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (SEBI LODR).
Specific Regulations Addressed
The relaxation specifically pertains to compliance with Regulation 17(10) and clauses 25(4)(a) & 25(4)(b) of the SEBI LODR framework. Following the submission of the request by the Company, SEBI has formally ‘acceded to’ these requirements, thereby granting the sought-after exemption.
Formal Disclosure
This development is being formally disclosed to the stock exchanges as required under Regulation 30 of the SEBI LODR Regulations, 2015, as amended. The necessary information has been shared with both the National Stock Exchange of India Limited and the BSE Limited.
Source: BSE
