The Board of Directors of POWERGRID, in its meeting on March 19, 2026, granted approval for a large-scale internal restructuring plan. The approved scheme involves the merger and amalgamation of 28 wholly owned subsidiaries (WOS) into 2 other WOS. This action supersedes a previous proposal from December 2025 involving 11 WOS and is aimed at achieving greater organizational simplification and efficiency across the group.
Expansion of Internal Amalgamation Scheme Approved
POWER GRID Corporation of India Limited announced today, Thursday, March 19, 2026, that its Board of Directors has finalized an expansive corporate restructuring plan. This scheme focuses on internal consolidation within the group structure.
The Board accorded approval for the Merger/Amalgamation of 28 (Twenty-Eight) wholly owned subsidiaries (WOS) into 2 (Two) other WOS. This significant expansion supersedes the earlier proposal approved by the Board during its meeting on December 20, 2025, which had sanctioned the merger of 11 WOS into 2 other WOS.
Rationale and Next Steps
The current resolution is subject to the necessary approvals from any applicable Statutory/Regulatory/Government Authorities or Institutions required for such a transaction. The company stated that further developments regarding this major internal restructuring will be communicated in due course.
Source: BSE
