POWERGRID Infrastructure Investment Trust will convene its fifth Annual General Meeting on Tuesday, July 28, 2026, at 11:00 A.M. IST through Video Conferencing and Other Audio Visual Means. The meeting seeks unitholder approval for the audited financial statements for the financial year ended March 31, 2026, and the valuation report for its Special Purpose Vehicles as of that date. These approvals are necessary to comply with the Securities and Exchange Board of India (Infrastructure Investment Trusts) Regulations, 2014.

The Investment Manager, POWERGRID Unchahar Transmission Limited, has approved the audited standalone and consolidated financial statements along with the Annual Report on activities and performance. Additionally, the Board approved the Valuation Report dated May 13, 2026, issued by M/s. INMACS Valuers Private Limited, the Independent Valuer, regarding the valuation of the Trust's SPVs. The resolutions require a simple majority of votes cast to pass.

To facilitate participation, the Trust has engaged KFin Technologies Limited as the Registrar and Transfer Agent to manage the remote e-voting and virtual meeting facilities. Unitholders whose names appear in the list of beneficial owners maintained by depositories as of the close of business hours on Tuesday, July 21, 2026, will be eligible to participate and vote. Physical attendance has been dispensed with, and the facility for appointing proxies is not available.

The remote e-voting period commences on Saturday, July 25, 2026, at 09:00 A.M. IST and concludes on Monday, July 27, 2026, at 05:00 P.M. IST. Unitholders who cast their votes remotely may attend the meeting but will not be permitted to vote again. The results of the e-voting are scheduled to be announced on or before Thursday, July 30, 2026, and will be submitted to the National Stock Exchange of India Limited and BSE Limited.

CS Arvind Kohli of M/s Arvind Kohli & Associates has been appointed as the Scrutinizer to ensure the voting process is conducted fairly. The facility for joining the meeting through video conferencing will be available to at least 1,000 unitholders on a first-come-first-served basis. Unitholders can access the meeting and voting facilities via the KFintech portal using their existing credentials.

POWERGRID has acquired a Special Purpose Vehicle (SPV) designated for a transmission project linking the Western Region (WR) and Eastern Region (ER) of India's power grid, secured through the Tariff Based Competitive Bidding (TBCB) route. This development highlights the company's ongoing efforts to strengthen inter-regional electricity transmission infrastructure across the country.

Acquisition of SPV for WR-ER Transmission Project

powergrid infrastructure 's acquisition of the SPV is aligned with the TBCB framework, a competitive mechanism used by the Indian government to award inter-state transmission system projects to private and public sector entities. Under this route, project developers bid on a tariff basis, with the lowest bidder awarded the right to develop, own, and operate the transmission asset.

The key details of this acquisition are outlined below:

Strategic Significance

The acquisition of an SPV through the TBCB route is a standard structural approach in India's transmission sector, where a dedicated legal entity is established to develop and operate a specific transmission asset. By acquiring this SPV, POWERGRID gains direct ownership and operational responsibility for the associated WR-ER transmission infrastructure.

Inter-regional transmission corridors such as the WR-ER link play a critical role in enabling the flow of electricity between regions with varying demand and supply profiles, contributing to grid stability and efficient power distribution across India's national grid.