Power Finance Corporation Board Meeting Scheduled for May 13, 2026 to Consider FY26 Audited Results and Final Dividend

Power Finance Corporation Limited has notified the stock exchanges of an upcoming Board of Directors meeting, scheduled for May 13, 2026, in compliance with Regulation 29 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The intimation, dated May 05, 2026, was issued by Company Secretary & Compliance Officer Manish Kumar Agarwal.

Agenda of the Board Meeting

The board meeting has been convened to address key financial and governance matters for the fiscal year ended March 31, 2026. The following items are on the agenda:

Agenda Item:	Details
Financial Results:	Audited Financial Results (Standalone & Consolidated) for the quarter and year ended March 31, 2026
Dividend Consideration:	Considering and recommending the final dividend, if any, for the financial year 2025-26

Trading Window Closure

In connection with the upcoming board meeting and the handling of unpublished price-sensitive information, Power Finance Corporation has enforced a trading window closure in accordance with its Code of Practices & Procedures for Fair Disclosure of Unpublished Price Sensitive Information and Conduct for Regulating, Monitoring & Reporting of Trading in the Securities of Power Finance Corporation Limited. Key details of the trading window restriction are as follows:

Parameter:	Details
Trading Window Closure Date:	April 1, 2026
Trading Window Reopening Date:	May 16, 2026
Securities Covered:	Equity Shares and Listed Debt Securities (Tax Free Bonds etc.)
Persons Restricted:	All designated persons and their immediate relatives

The trading window closure was originally communicated to the exchanges vide the company's letter dated March 25, 2026. During this period, all designated persons and their immediate relatives have been advised not to deal — including buying, selling, or pledging — in Power Finance Corporation's equity shares or securities.

Regulatory Compliance

The board meeting intimation has been submitted to both the National Stock Exchange of India Limited and BSE Limited, fulfilling the company's disclosure obligations under SEBI listing regulations. Power Finance Corporation, a Government of India Undertaking and ISO 9001:2015 certified entity, has confirmed that the trading window will reopen with effect from May 16, 2026, following the conclusion of the price-sensitive period surrounding the board meeting.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-1.37%	-1.55%	+12.72%	+18.51%	+15.72%	+425.44%

Power Finance Corporation Limited (PFC) has informed the National Stock Exchange of India Limited and BSE Limited regarding the incorporation of five Special Purpose Vehicle (SPV) companies by its wholly owned subsidiary, PFC Consulting Limited (PFCCL). The disclosure, dated 30.04.2026, outlines the establishment of these entities as wholly owned subsidiaries of PFCCL for the development of transmission projects under the tariff-based competitive bidding process.

PFC Consulting Limited has been nominated as the 'Bid Process Coordinator' (BPC) for the selection of developers through tariff-based competitive bidding for Independent Transmission Projects (ITPs) by the Ministry of Power, Government of India. The five incorporated SPVs will undertake various preparatory activities for transmission projects, including surveys, preparation of reports, initiation of land acquisition processes, and seeking forest clearance where required.

Incorporated Special Purpose Vehicles

The following SPVs have been incorporated as wholly owned subsidiaries of PFC Consulting Limited:

Sr. No.	Name of the SPV	Purpose
1	JAM KHAMBHALIYA REZ TRANSMISSION LIMITED	Transmission system for Integration of Power from RE Projects in Jam Khambhaliya REZ in Gujarat - Phase II (5500MW) and Jamnagar Phase-I (1000 MW)
2	LAKADIA A POWER TRANSMISSION LIMITED	Common Transmission System for evacuation of power from Lakadia (Phase-II: 7.5GW), Jam Khambhaliya (Phase-II: 5.5GW) and Jamnagar (Phase-I: 1GW) (Part A)
3	LAKADIA C POWER TRANSMISSION LIMITED	Common Transmission System for evacuation of power from Lakadia (Phase-II: 7.5GW), Jam Khambhaliya (Phase-II: 5.5GW) and Jamnagar (Phase-I: 1GW) (Part C)
4	ANANTHPURAM TRANSMISSION LIMITED	Transmission System for integration of Ananthpuram-III PS REZ Phase-I (3GW)
5	KRISHNAGIRI REZ TRANSMISSION LIMITED	Transmission System for Integration of Krishnagiri REZ Phase-I

Regulatory Approvals and Process

The Central Electricity Authority (CEA), Ministry of Power, has recommended PFC Consulting Limited as the Bid Process Coordinator for the development of transmission systems through the Tariff Based Competitive Bidding (TBCB) process. For the Jam Khambhaliya and related projects, the National Committee on Transmission (NCT) in its 37th meeting held on 19.01.2026 recommended PFCCL as BPC, followed by a Notification issued in the Official Gazette by the Ministry of Power dated February 11, 2026.

For the Krishnagiri REZ project, the NCT in its 35th meeting held on 19.11.2025 recommended PFCCL as BPC, followed by a Gazette Notification dated August 26, 2025. As per the provisions of tariff-based competitive bidding guidelines issued by the Ministry of Power, the BPC is required to prepare project profiles and initiate land acquisition and forest clearance processes, necessitating the incorporation of SPVs for these activities.

Transfer to Successful Bidder

The SPVs incorporated as wholly owned subsidiaries of PFCCL will be transferred to the successful bidder selected through the International Competitive Bidding Process under the Tariff Based Competitive Bidding Guidelines for Transmission Service issued by the Ministry of Power. The successful bidder selected through the bidding process would develop the project. The disclosure was signed by Manish Kumar Agarwal, Company Secretary & Compliance Officer of Power Finance Corporation Ltd.