Power Grid Announces Cessation of Two Independent Directors Post Tenure Completion
Power Grid Corporation of India Limited announced that the tenures of Independent Directors Shri Shiv Tapasya Paswan and Shri Rohit Vaswani have been completed. They ceased to be directors on the Board of POWERGRID effective 15th April, 2026.
The cessation of independent directors upon completion of their tenure is a standard corporate governance procedure and is not expected to have a significant impact on the company's operations or financial standing.
The announcement pertains to the completion of tenure for independent directors, which is a routine corporate event and does not inherently carry positive or negative implications for the company's operations or financial performance.
Power Grid Corporation of India Limited (POWERGRID) has announced the cessation of Shri Shiv Tapasya Paswan (DIN: 09414240) and Shri Rohit Vaswani (DIN: 00658059) as Non-Official Directors (Independent Directors) on its Board. Their tenure was completed on 15th April, 2026, as per the respective orders from the Ministry of Power dated 16th April, 2025.
Consequently, Shri Shiv Tapasya Paswan and Shri Rohit Vaswani ceased to be Independent Directors of POWERGRID from 15th April, 2026, upon the completion of their term.
This disclosure is made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended.
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Power Grid Corporation of India Limited filed this with the NSE as a statutory disclosure, categorised under board changes. It is a primary document, not a recommendation, and the desk marks it low impact, the band that almost never moves a portfolio on its own.
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See the model portfoliosA plain-language summary of a public exchange filing by Power Grid Corporation of India Limited. Read the original for the full detail.