The Board of Directors of POWERGRID, in a meeting held on March 19, 2026, approved a revised scheme for the Merger/Amalgamation of 28 wholly owned subsidiaries (WOS) into two other WOS. This supersedes a previous proposal from December 20, 2025, which involved 11 WOS merging into 2 WOS. The goal remains organizational simplification and enhanced operational efficiency, pending final regulatory approvals.
POWERGRID Board Sanctions Large-Scale Amalgamation
POWERGRID announced on Thursday, March 19, 2026, that its Board of Directors has granted approval for a significant corporate restructuring exercise. The approved scheme involves the Merger/Amalgamation of a substantial 28 (Twenty-Eight) wholly owned subsidiaries (WOS) into 2 (Two) other WOS within the group.
Supersession of Earlier Plan
This new approval explicitly supersedes the previous proposal that was sanctioned during the Board meeting held on December 20, 2025. That earlier plan only involved the Merger/Amalgamation of 11 (eleven) WOS into 2 (two) other WOS. The current, larger scope reflects a more comprehensive restructuring effort.
Conditions and Next Steps
The successful execution of these Merger/Amalgamation schemes is entirely subject to obtaining necessary approvals from any relevant Statutory/ Regulatory/ Government Authorities or Institutions as may be applicable or required. The company assured stakeholders that further developments regarding this matter will be communicated in due course.
Source: BSE
