Power Grid Corporation of India Limited , a Maharatna Central Public Sector Undertaking under the Ministry of Power, has convened its 37th Annual General Meeting (AGM) for Thursday, 20th August, 2026 at 11:00 A.M. (IST) through Video Conferencing (VC) / Other Audio-Visual Means (OAVM). The notice, dated 29th July, 2026, was filed with the National Stock Exchange of India Limited and BSE Limited in compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

AGM Key Agenda Items

The ordinary business at the 37th AGM covers adoption of audited standalone and consolidated financial statements for FY 2025-26, confirmation and declaration of dividends, and re-appointment of directors. The special business includes several significant resolutions as outlined below.

Dividend Details for FY 2025-26

The Board of Directors declared two interim dividends and recommended a final dividend for FY 2025-26. The total dividend per share for the year stands at ₹9.00.

The total dividend payout for FY 2025-26 amounts to ₹8,371 crore, including interim dividends of ₹7,208 crore already paid. The dividend payout ratio for the year was 53%.

Special Business Resolutions

The AGM will consider several special resolutions with significant financial implications for the company's capital structure and borrowing programme.

Appointment of Chairman and Managing Director

Shareholder approval is sought for the appointment of Shri Burra Vamsi Rama Mohan (DIN: 09806168) as Chairman and Managing Director, not liable to retire by rotation. He was appointed by the President of India vide Ministry of Power Order No. 25-11/5/2024-PG dated 18th March, 2026, effective 1st April, 2026.

Borrowing Limit Enhancement

The company proposes to enhance its overall borrowing limits from ₹1,80,000 crore to ₹2,20,000 crore. As on 31st March, 2026, total borrowings stood at ₹1,44,556 crore. The company's estimated total borrowing requirement, after accounting for loan repayments of ₹51,072 crore during FY 2026-27 to FY 2028-29, is approximately ₹2,17,246 crore.

Domestic Bond Issuance Limits

Two special resolutions are proposed for domestic bond issuance:

• Enhancement for FY 2026-27: Increase in domestic bond/NCD issuance limit from ₹30,000 crore to ₹35,000 crore. The CAPEX for FY 2026-27 is ₹37,000 crore, of which ₹10,440 crore was spent till 30th June, 2026.
• New Approval for FY 2027-28: Approval to raise funds up to ₹35,000 crore from domestic market through NCDs/Bonds under Private Placement during FY 2027-28. Expected CAPEX for FY 2027-28 is approximately ₹40,000 crore to ₹45,000 crore, with an estimated debt mobilisation of approximately ₹35,000 crore to maintain an 80:20 debt-equity mix.

FY 2025-26 Financial Performance Highlights

The company reported strong financial performance for FY 2025-26. On a standalone basis, total income was ₹46,995.88 crore and Profit After Tax (PAT) was ₹15,921.00 crore, representing a growth of 1.45% and 3.70% respectively over FY 2024-25.

Operational Highlights

During FY 2025-26, Power Grid achieved several operational milestones:

• Transmission system availability of 99.84% with a tripping rate of 0.26
• Addition of 5,772 circuit kilometres (ckm) of transmission lines
• Addition of 72,055 MVA transformation capacity
• Total transmission network reached 1,84,960 ckm across 291 substations
• Commissioned 10 TBCB SPVs during the year
• Secured 9 TBCB projects including 8 inter-State and 1 intra-State
• Secured its first-ever Battery Energy Storage System (BESS) project (150 MW/300 MWh at Kalikiri, Andhra Pradesh)
• Standalone revenue of telecom subsidiary PowerTel: ₹1,195 crore
• Collection efficiency of 101.20% of billing in FY 2025-26

Cost Auditors' Remuneration

The AGM will also ratify the remuneration of Cost Auditors for FY 2026-27. M/s R. M. Bansal & Co. and M/s Chandra Wadhwa & Co. have been appointed as joint Cost Auditors at a remuneration of ₹2,50,000/- (Rupees Two Lakhs Fifty Thousand only) plus applicable taxes, to be shared equally. M/s R. M. Bansal & Co. will additionally receive ₹12,500/- (Rupees Twelve Thousand Five Hundred only) plus taxes as Lead Cost Auditor for consolidation and filing of the Consolidated Cost Audit Report.

The statutory audit fee for FY 2025-26 was fixed at ₹1.92 crore plus applicable taxes. The AGM will authorise the Board to fix appropriate remuneration for Statutory Auditors for FY 2026-27, as the C&AG is yet to appoint them.

Power Grid Corporation of India has officially fixed Thursday, August 13, 2026, as the record date to determine shareholder entitlement for its final dividend of ₹1.25 per share for the financial year 2025-26. The Company Secretary and Compliance Officer, Anjana Luthra, issued the intimation on July 29, 2026, pursuant to Regulation 42 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This confirmation follows the Board of Directors’ recommendation made during their meeting on May 15, 2026, and sets the timeline for the upcoming 37th Annual General Meeting (AGM).

The dividend represents a yield of 12.5% on the paid-up equity share capital, reinforcing the company’s commitment to consistent cash returns from its core transmission operations. If approved by shareholders at the AGM, the dividend will be paid on or before Wednesday, September 16, 2026. The payment is subject to deduction of tax at source (TDS) as per the Income Tax Act, 1961. Shareholders are advised to ensure their Permanent Account Number (PAN) and bank details are updated with the Registrar and Share Transfer Agent (RTA), KFin Technologies Limited, or their Depository Participants to facilitate seamless electronic transfer.

Key Dates and Dividend Details

Shareholder Compliance and KYC Updates

The company has emphasized strict compliance with Securities and Exchange Board of India (SEBI) regulations regarding Know Your Customer (KYC) norms. Pursuant to SEBI Master Circulars dated February 6, 2026, and May 17, 2023, security holders with physical folios must have updated KYC details—including PAN, nomination, contact information, and bank account details—to be eligible for dividend payments via electronic mode. This mandate is effective from April 1, 2024. Members holding shares in physical form are urged to update their records with KFin Technologies Limited using forms available on the company’s website. Demat account holders must coordinate with their respective Depository Participants.

Virtual AGM and E-Voting Process

The 37th AGM will be conducted through Video Conferencing (VC) or Other Audio-Visual Means (OAVM) on Thursday, August 20, 2026, at 11:00 A.M., in compliance with Ministry of Corporate Affairs General Circular No. 03/2025. National Securities Depository Limited (NSDL) has been appointed as the agency for remote e-voting facilities. The Integrated Annual Report for FY26 will be sent electronically to members with registered email addresses. Those without registered emails will receive a letter containing the web-link to access the report. Physical attendance at a common venue is not permitted.

Tax Implications and TDS Procedures

Dividends distributed after April 1, 2020, are taxable in the hands of shareholders. Consequently, Power Grid will deduct tax at source before payment. To enable accurate TDS calculation, shareholders must submit necessary tax forms via the RTA’s portal by August 13, 2026. Failure to update PAN or bank details may result in delays or inability to receive the dividend electronically. The company advises all investors to verify their ECS mandates and KYC status well ahead of the record date to avoid any disruption in dividend receipt.