POWERGRID fined ₹16.50 Lakh by BSE & NSE for non-compliance with Board/Committee composition
The financial penalty of ₹16.49 lakh is minor for a company of POWERGRID's scale, and the underlying compliance issues regarding director appointments have since been rectified.
The company has been fined by stock exchanges for non-compliance with regulatory requirements regarding board and committee composition.
* Power Grid Corporation of India Limited (POWERGRID) received notices on August 29, 2025, from BSE Limited and National Stock Exchange of India Limited. * The notices cite non-compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, specifically regarding the composition of its Board and Statutory Committees (Audit, Nomination and Remuneration, Stakeholders Relationship, and Risk Management Committees) during the quarter ended June 30, 2025. * BSE and NSE have each imposed a fine of ₹8,24,820 (including GST), resulting in a total financial implication of ₹16,49,640 for the company. * The violations relate to Regulations 17(1), 18(1), 19(1)/19(2), 20(2)/(2A), and 21(2) of SEBI LODR. * POWERGRID stated that the tenure of two Independent Directors ended on November 14, 2024, leaving no Independent Directors on the Board as of April 1, 2025. * Subsequently, two Independent Directors were appointed on April 16, 2025, and one Independent Woman Director on May 16, 2025. The Statutory Committees were reconstituted in a Board Meeting on May 1, 2025. * As a Government Company, the power to appoint directors vests with the President of India, and the company had taken up the matter of filling vacant Independent Director posts with the Ministry of Power. * POWERGRID has requested BSE and NSE to waive the imposed fines via letters dated August 30, 2025.
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 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.