POWERGRID receives waiver of fines from BSE and NSE for SEBI LODR non-compliance
POWERGRID announced that BSE and NSE have waived fines imposed for non-compliance with SEBI LODR regulations for quarters ended 31.12.2024, 31.03.2025, and 30.06.2025.
The resolution of compliance issues and the waiver of fines remove a financial and regulatory burden from the company. While not directly impacting core operations, it improves the company's standing and avoids potential monetary costs.
The waiver of fines by both BSE and NSE for past non-compliance with SEBI LODR regulations is a positive development, removing potential financial penalties and resolving regulatory issues.
* Power Grid Corporation of India Limited (POWERGRID) announced that BSE Limited has accepted its request for waiver of fines previously levied for non-compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. * The fines were related to non-compliance with various regulations for the quarters ended 31.12.2024, 31.03.2025, and 30.06.2025. * Regulations involved included 17(2A) (Quorum of the Board Meeting), 18(1) (Audit Committee), 19(1)/19(2) (Nomination and Remuneration Committee), 20(2) (Stakeholders Relationship Committee), and 21(2) (Risk Management Committee). * BSE, via communication dated 07.10.2025, confirmed the waiver of fines for the respective quarters and regulations, noting that no fine was levied for Regulation 17(2A) for the quarter ended 30.06.2025. * National Stock Exchange of India Limited (NSE) had already waived off the fines for the same regulations and quarters through its letter dated 12.09.2025, as the company had previously intimated on 13.09.2025.
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Power Grid Corporation of India Limited filed this with the NSE as a statutory disclosure, categorised under sebi compliance filings. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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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.