Neela Das has resigned from the position of Chief Executive Officer of POWERGRID Unchahar Transmission Limited (PUTL), the Investment Manager to powergrid infrastructure , effective June 15, 2026. The resignation was tendered due to other assignments within Power Grid Corporation of India Limited (POWERGRID), following a transfer order dated June 1, 2026.

The cessation of Das as CEO is effective immediately from June 15, 2026. There are no material reasons for the resignation other than the transfer to other assignments within the parent organization. A copy of the resignation letter has been submitted to the stock exchanges.

Resignation Details

The resignation was communicated to the Board of Directors of POWERGRID Unchahar Transmission Limited and the stock exchanges. The transfer order reference number is T-0067/2026.

The information was disclosed by Shwetank Kumar, Company Secretary & Compliance Officer of POWERGRID Unchahar Transmission Limited, on behalf of the Investment Manager of PGInvIT.

POWERGRID Infrastructure Investment Trust has reported its financial results for the quarter and financial year ended March 31, 2026. The trust announced a distribution of ₹ 3.00 per unit for Q4 FY26, bringing the total payout for the fiscal year to ₹ 12 per unit. The earnings conference call was held on May 19, 2026, to discuss the performance.

Financial Performance

For the financial year 2026, PGInvIT recorded a Total Income of ₹ 12,966 million and Operating Expenses of ₹ 870 million. The consolidated Net Distributable Cash Flow (NDCF) stood at ₹ 10,906 million for the full year and ₹ 2,761 million for Q4 FY26. Profit after tax, excluding reversal of impairment, was ₹ 7,902 million for FY26 compared to ₹ 6,639 million in the previous year. Total assets were reported at ₹ 100,075 million.

Distribution and Guidance

The trust has declared a distribution of ₹ 3.00 per unit for Q4 FY26, comprising interest, taxable and exempt dividends, and repayment of capital. This brings the total distribution since listing to ₹ 58.50 per unit. PGInvIT has provided a distribution guidance of ₹ 12 per unit for FY27. The trust holds the highest credit rating of AAA with a stable outlook from ICRA, CRISIL, and CARE.

Operational Highlights

PGInvIT maintains an average availability of over 98% since the Date of Commercial Operation (DOCO). The portfolio consists of five operational Inter-State Transmission System (ISTS) Tariff Based Competitive Bidding (TBCB) projects comprising 11 transmission lines spanning 3,698.59 circuit kilometres and three substations with a transformation capacity of 6,630 MVA. The average residual life of the Transmission Service Agreements (TSA) is over 26 years as of March 31, 2026.