Power Grid fined ₹5.42 Lakhs Each by NSE & BSE for Board Composition Non-Compliance
POWERGRID received notices from BSE and NSE on February 27, 2026, for non-compliance with board composition norms for the quarter ended December 31, 2025. Both exchanges imposed a fine of ₹5.42 Lakhs (including GST) each. The company is seeking a waiver for these fines.
The fines imposed are relatively small and are unlikely to have a significant impact on the company's financial performance or operations.
The company has been fined by stock exchanges for non-compliance with regulations.
Power Grid Corporation of India Limited (POWERGRID) has received notices from the BSE Limited (BSE) and the National Stock Exchange of India Limited (NSE), both dated 27th February 2026, regarding non-compliance with Regulation 17(1) of SEBI LODR concerning the composition of the Board for the quarter ended 31st December 2025.
Consequently, both BSE and NSE have imposed a fine of ₹5,42,800 (including GST) each on POWERGRID for this non-compliance. The financial implication for each exchange amounts to ₹5,42,800. The violation pertains to the composition of the Board during the quarter ending December 31, 2025.
POWERGRID, being a Government Company, has the appointment of directors vested with the President of India. The company has engaged with its Administrative Ministry, the Ministry of Power, to fill the vacant posts of Independent Directors. In light of this, POWERGRID has requested both BSE and NSE, through separate letters dated 28th February 2026, to grant a waiver of the imposed fines.
What to do with a filing like this
Power Grid Corporation of India Limited filed this with the NSE as a statutory disclosure, categorised under other regulatory filings. 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.