Power Grid Corp: Independent Directors Shiv Tapasya Paswan and Rohit Vaswani Cease Board Positions
Power Grid Corporation of India Limited announced that Independent Directors Shri Shiv Tapasya Paswan and Shri Rohit Vaswani have completed their tenure on April 15, 2026. They have consequently ceased to hold their positions on the company's Board.
The cessation of independent directors due to completed tenure is a standard corporate governance procedure and is unlikely to have a significant immediate impact on the company's operations or financial performance.
The announcement concerns the completion of tenure for independent directors, which is a routine regulatory event and does not inherently carry positive or negative financial implications for the company.
Power Grid Corporation of India Limited (POWERGRID) has announced the completion of tenure for two of its Non-Official Directors (Independent Directors), Shri Shiv Tapasya Paswan (DIN: 09414240) and Shri Rohit Vaswani (DIN: 00658059). Their tenure concluded on 15th April 2026, as per the orders of the Ministry of Power dated 16th April 2025.
Upon the completion of their respective tenures, both Shri Paswan and Shri Vaswani have ceased to be Independent Directors on the Board of POWERGRID effective from 15th April 2026. This disclosure is made in accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
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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.