The Board of Directors of POWERGRID has approved the withdrawal of its Nominee Director from the Board of PTC India Limited. This decision, made on January 30, 2026, also includes the relinquishment of all promoter rights as outlined in the Articles of Association of PTC. The action follows an Office Memorandum dated January 16, 2026, from the Ministry of Power.
Directorate Change at PTC India
POWERGRID has approved the withdrawal of its Nominee Director from PTC India Limited’s Board. The decision was made during a Board of Directors meeting held on January 30, 2026.
Relinquishment of Promoter Rights
In addition to the director withdrawal, POWERGRID will also relinquish all promoter rights as outlined in the Articles of Association of PTC India Limited (‘PTC’). This decision is in accordance with the Office Memorandum issued by the Ministry of Power (MoP) on January 16, 2026.
Source: BSE
