POWER GRID CORPORATION OF INDIA LIMITED - 37TH ANNUAL GENERAL MEETING SUMMARY
Meeting Details
- Date & Time: Thursday, 20th August, 2026 at 11:00 A.M. (IST)
- Mode: Conducted through Video Conferencing (VC) / Other Audio-Visual Means (OAVM)
- Attendance: 181 Members attended virtually
- Chairperson: Shri Burra Vamsi Rama Mohan, Chairman & Managing Director
- Conclusion Time: 12:20 P.M. (IST)
Proceedings Overview
The meeting was conducted in compliance with the Companies Act, 2013, SEBI LODR Regulations, 2015, and relevant circulars from MCA and SEBI. Directors present included the Chairman of the Audit Committee and Stakeholders' Relationship Committee. Representatives from the Ministry of Power and Ministry of Development of North Eastern Region attended, along with Statutory Auditors, Cost Auditors, and Secretarial Auditors.
Key Agenda Items and Resolutions
Ordinary Business:
1. Adoption of Financial Statements: Members received, considered, and adopted the Audited Financial Statements including Consolidated Financial Statements for FY 2025-26, together with Directors' Report, Auditors' Report, and comments of the Comptroller and Auditor General of India through Ordinary Resolution.
2. Dividend Declaration: Confirmed payment of 1st and 2nd interim dividend and declared final dividend for the financial year 2025-26 through Ordinary Resolution. [Dividend amounts not specified in disclosure]
3. Director Re-appointment: Appointed Dr. Yatindra Dwivedi (DIN: 10301390) who retires by rotation and offered himself for re-appointment through Ordinary Resolution.
4. Director Re-appointment: Appointed Shri Naveen Srivastava (DIN: 10158134) who retires by rotation and offered himself for re-appointment through Ordinary Resolution.
5. Auditor Remuneration: Authorized the Board of Directors to fix remuneration of Statutory Auditors for FY 2026-27 through Ordinary Resolution.
Special Business:
6. CMD Appointment: Appointment of Shri Burra Vamsi Rama Mohan (DIN: 09806168) as Chairman and Managing Director, not liable to retire by rotation, through Ordinary Resolution.
7. Cost Auditor Remuneration: Ratification of remuneration of Cost Auditors for FY 2026-27 through Ordinary Resolution.
8. Borrowing Limit Enhancement: Enhancement of Borrowing Limits from ₹1,80,000 crore to ₹2,20,000 crore through Special Resolution.
9. Domestic Borrowing Limit: Enhancement of borrowing limit from ₹30,000 crore to ₹35,000 crore from domestic market through issue of secured/unsecured, non-convertible, cumulative/non-cumulative, redeemable, taxable/tax-free Debentures/Bonds under Private Placement for FY 2026-27 through Special Resolution.
10. Fundraising Authorization: To raise funds up to ₹35,000 crore from domestic market through issue of similar Debentures/Bonds under Private Placement during FY 2027-28 in one or more tranches through Special Resolution.
Voting Process
- Remote e-Voting commenced on Saturday, 15th August, 2026 at 9:00 AM (IST) and ended on Wednesday, 19th August, 2026 at 5:00 PM (IST)
- Electronic voting system (Insta Poll) was available during the AGM
- The e-Voting facility remained open for 15 minutes after the conclusion of the meeting
- Voting results along with Scrutinizer's Report will be made available on company website, BSE, NSE, and NSDL website
Financial Reporting
The Statutory Auditors' report on Audited Standalone and Consolidated Financial Statements for FY ended 31st March, 2026 does not contain any qualification/observation/comment that may have adverse effect on financial reporting.
Other Proceedings
- The Chairman delivered his speech to Members
- Management responded to queries raised by Members
- Dr. Yatindra Dwivedi, Director (Personnel), presented a vote of thanks