Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

Power Grid Corporation of India Limited

Meeting Details

The 37th Annual General Meeting was held on Thursday, 20th August 2026 from 11:00 AM to 12:20 PM IST through Video Conferencing (VC) / Other Audio-Visual Means (OAVM). The deemed venue was the Registered Office at B-9, Qutab Institutional Area, Katwaria Sarai, New Delhi-110016.

Proposed Resolutions and Implications

The meeting considered and approved 10 resolutions:

1. Adoption of Financial Statements: Receiving, considering and adopting Audited Financial Statements including Consolidated Financial Statements for FY 2025-26

2. Dividend Declaration: Confirming payment of 1st and 2nd interim dividend and declaring final dividend for FY 2025-26

3. Director Re-appointment: Appointing Dr. Yatindra Dwivedi (DIN: 10301390) who retires by rotation

4. Director Re-appointment: Appointing Shri Naveen Srivastava (DIN: 10158134) who retires by rotation

5. Auditor Remuneration: Authorizing Board to fix remuneration of Statutory Auditors for FY 2026-27

6. CMD Appointment: Appointing Shri Burra Vamsi Rama Mohan (DIN: 09806168) as Chairman and Managing Director

7. Cost Auditor Remuneration: Ratification of remuneration of Cost Auditors for FY 2026-27

8. Borrowing Limit Enhancement: Special resolution to enhance borrowing limits from ₹1,80,000 crore to ₹2,20,000 crore

9. Fundraising FY 2026-27: Special resolution to raise up to ₹35,000 crore through debentures/bonds

10. Fundraising FY 2027-28: Special resolution to raise up to ₹35,000 crore through debentures/bonds

Voting Process and Methods

The voting process included:

  • Remote e-voting period: 15th August 2026 (9:00 AM) to 19th August 2026 (5:00 PM) via NSDL platform
  • E-voting facility during AGM for members who hadn't voted remotely
  • Cut-off date for voting rights: 13th August 2026
  • Total shareholders on record date: 1,390,328

Key Voting Outcomes

Attendance: 181 members attended through VC/OAVM

Voting Participation:

  • Remote e-voting: 4,038 members
  • E-voting during AGM: 13 members
  • Total votes cast: 4,051 members

Resolution-wise Results:

1. Item 1 (Financial Statements): 93.9255% in favor (8,161,979,970 votes)

2. Item 2 (Dividend): 99.8023% in favor (8,674,293,620 votes)

3. Item 3 (Dr. Dwivedi): 77.9892% in favor (6,777,898,844 votes)

4. Item 4 (Shri Srivastava): 75.3128% in favor (6,545,300,358 votes)

5. Item 5 (Auditor Remuneration): 96.1401% in favor (8,355,612,928 votes)

6. Item 6 (CMD Appointment): 91.9161% in favor (7,988,491,520 votes)

7. Item 7 (Cost Auditor): 99.8012% in favor (8,673,799,408 votes)

8. Item 8 (Borrowing Limit): 99.9951% in favor (8,690,653,293 votes)

9. Item 9 (FY27 Fundraising): 99.9951% in favor (8,690,655,996 votes)

10. Item 10 (FY28 Fundraising): 99.9951% in favor (8,690,656,947 votes)

Category-wise Voting Breakdown:

  • Promoter & Promoter Group: 100% voted in favor for all resolutions (4,774,884,280 shares)
  • Public Institutions: Varied approval between 43.08% to 99.99% across resolutions
  • Public Non-Institutions: High approval between 99.92% to 99.96% across resolutions

Scrutinizer's Role and Findings

Arvind Kohli of Arvind Kohli & Associates (FCS 4434) was appointed as Scrutinizer on 22nd July 2026. The scrutinizer:

  • Ensured fair and transparent voting process
  • Witnessed the counting process with two independent witnesses (CS Anil Yadav and CS Chandani Khandelwal)
  • Submitted report dated 20th August 2026 confirming all resolutions passed with requisite majority
  • Verified that 4,038 members voted remotely and 13 voted during AGM

Compliance Confirmation

The voting process and results comply with:

  • Section 108 of Companies Act, 2013
  • Rule 20 of Companies (Management and Administration) Rules, 2014
  • SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
  • MCA General Circular No. 03/2025 dated 22nd September 2025

Additional Information

  • The results and scrutinizer's report are available on company website (www.powergrid.in)
  • NSDL provided the e-voting platform services
  • Integrated Annual Report was sent electronically to registered email addresses
  • Physical copies were sent to members without registered email addresses via post with web-link access
  • The meeting was conducted following MCA guidelines for virtual meetings