Power Finance Corporation Limited has announced the successful transfer of its wholly owned subsidiary Wagdari Transmission Limited to KCC Buildcon Private Limited. The transaction was completed on March 27, 2026, following a competitive bidding process.

Transaction Details

The transfer involves Wagdari Transmission Limited, which was established for the development of the "Transmission Scheme for Establishment of 400/220 kV AIS Wagdari" in District Solapur. The subsidiary was originally held through PFC Consulting Limited, itself a wholly owned subsidiary of Power Finance Corporation Limited.

Financial Impact and Structure

The consideration received from the sale amounts to Rs. 4,41,10,826 (Rupees Four Crore Forty-One Lakh Ten Thousand Eight Hundred Twenty-Six only) as per the Share Purchase Agreement. The company noted that the contribution of this subsidiary to the turnover, revenue, income, and net worth during the last financial year was negligible.

Transaction Characteristics

Key aspects of the transaction include:

• The successful bidder KCC Buildcon Private Limited does not belong to the promoter or promoter group
• The transaction does not fall within the purview of related party transactions
• The sale is not in the nature of a slump sale
• The consideration for sale and transfer of SPVs is determined in accordance with Guidelines issued by the Ministry of Power, Government of India

Regulatory Compliance

The announcement was made under Regulation 30 of the listing regulations, with notifications sent to both the National Stock Exchange of India Limited and BSE Limited. The process for sale and transfer of the Special Purpose Vehicle (SPV) to the successful bidder was completed on March 27, 2026.

This strategic divestment represents Power Finance Corporation's continued focus on optimizing its subsidiary portfolio while ensuring compliance with regulatory guidelines established by the Ministry of Power.

Power Finance Corporation Limited has notified stock exchanges that its trading window will reopen on March 20, 2026, allowing trading in the company's equity shares and listed debt securities including tax-free bonds.

Trading Window Reopening Details

The announcement, dated March 17, 2026, confirms that the trading window will remain closed until March 19, 2026, and will open with effect from March 20, 2026. This closure and reopening follows the company's established code of practices and procedures for fair disclosure of unpublished price sensitive information.

Regulatory Compliance

The trading window closure and reopening is implemented under Power Finance Corporation's "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." This code ensures compliance with insider trading regulations and maintains market integrity.

Communication Details

The notification was formally communicated to both major stock exchanges on March 17, 2026. Company Secretary and Compliance Officer Manish Kumar Agarwal signed the communication, which was addressed to the listing departments of both exchanges.

This regulatory announcement ensures transparency and provides advance notice to investors and market participants about the trading window status for Power Finance Corporation securities.