Power Finance Corporation Limited has announced, via a regulatory filing dated 08.05.2026, the incorporation of a Special Purpose Vehicle (SPV) as a wholly owned subsidiary of PFC Consulting Limited (PFCCL), which is itself a wholly owned subsidiary of Power Finance Corporation Limited (PFC). The newly incorporated entity, Pune West Power Transmission Limited, has been established to undertake preparatory activities for a key intra-state transmission infrastructure project in Maharashtra.

SPV Incorporation Details

The following table outlines the key details of the newly incorporated SPV:

Role of PFC Consulting as Bid Process Coordinator

PFC Consulting Limited has been nominated as the Bid Process Coordinator (BPC) by the Ministry of Power, Government of India, for the selection of developers through Tariff Based Competitive Bidding (TBCB) for Independent Transmission Projects (ITPs). In this capacity, PFCCL is responsible for preparing project profiles and initiating the process of land acquisition and forest clearance, where required.

To facilitate these preparatory activities, the TBCB Guidelines issued by the Ministry of Power mandate the incorporation of an SPV. The SPV undertakes activities such as survey and preparation of reports, initiation of land acquisition processes, and seeking forest clearance if necessary.

Government of Maharashtra's Role

The Government of Maharashtra, through its Government Resolution No. Sankirna 0125/P. No. 32/Urja-4 dated 27.02.2026, notified that the Empowered Committee (EC), in its meeting held on 12.01.2026, appointed PFC Consulting Limited as the BPC for selecting a bidder as Transmission Service Provider (TSP). The TSP will be responsible for establishing the intra-state transmission system for the "Establishment of 765 kV GIS Pune West (District - Pune)" through the TBCB process.

Transfer to Successful Bidder

As per the provisions of the Tariff Based Competitive Bidding Guidelines for Transmission Service issued by the Ministry of Power, the incorporated SPV is required to be transferred to the successful bidder selected through the International Competitive Bidding Process. Upon completion of the bidding process, the successful bidder will take over the SPV and proceed with the development of the project. The Company Secretary & Compliance Officer of Power Finance Corporation Limited, Manish Kumar Agarwal, has submitted this information to both the National Stock Exchange of India Limited and BSE Limited for record and disclosure purposes.

Power Finance Corporation , a Maharatna Company and Government of India Undertaking, has notified stock exchanges of an upcoming Investor Meet scheduled for Wednesday, May 13, 2026. The meeting has been arranged subsequent to the declaration of the company's Q4/FY 2025-26 financial results and is intended to provide investors and analysts with an update on PFC's performance for the quarter and financial year ended March 31, 2026.

Investor Meet Details

The following table outlines the key details of the scheduled Investor Meet:

Purpose and Format

The Investor Meet is designed as an interactive session between Power Finance Corporation's management and the investor and analyst community. The session will focus on PFC's annual financial performance for FY 2025-26, offering participants a direct engagement opportunity with the company's leadership. The event will be followed by High Tea.

Post-Event Disclosure

In line with transparency and regulatory requirements, the audio recording and transcript of the Investor Meet will be uploaded on the company's official website at www.pfcindia.com in due course. Interested participants who wish to attend are requested to RSVP at investorrelations@pfcindia.com .

The communication was issued on May 8, 2026, and signed by Manish Kumar Agarwal, Company Secretary & Compliance Officer of Power Finance Corporation, under reference No: 1:05:138:I:CS.