PowerGrid has received notices from BSE and NSE regarding non-compliance related to the composition of its Board during the quarter ended September 30, 2025. Consequently, the company has been fined ₹5,42,800/- (incl. GST) each by BSE and NSE. PowerGrid has requested a waiver of the fine, citing ongoing efforts to fill vacant Independent Director positions.
BSE and NSE Action
PowerGrid received notices from the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) on November 28, 2025, regarding non-compliance with the requirements for Board composition.
Financial Penalty
Both BSE and NSE have imposed a fine of ₹5,42,800/- (incl. GST) each on PowerGrid due to this non-compliance. This amounts to a total financial implication of ₹10,85,600
Reason for Non-Compliance
The non-compliance relates to Regulation 17(1) concerning the composition of the Board for the quarter ending September 30, 2025. This regulation pertains to having the appropriate number of Independent Directors.
Company Response
PowerGrid is currently addressing the issue by working with the Ministry of Power to fill the vacant positions of Independent Directors. The company has requested BSE and NSE to waive the fine, citing these ongoing efforts. Letters were sent on November 29, 2025.
Source: BSE
