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.

Power Grid Corporation of India acquired Bhadla Ramgarh Power Transmission Limited on July 29, 2026, for a cash consideration of ₹12.86 crore. The transaction, disclosed to the National Stock Exchange and BSE Limited under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, marks the completion of the acquisition process following Power Grid's selection as the successful bidder in the Tariff Based Competitive Bidding (TCB) route.

The acquisition secures 100% control of the Project Special Purpose Vehicle (SPV), which was incorporated on May 08, 2026, by the Bid Process Coordinator, REC Power Development and Consultancy Limited (RECPDCL). The deal includes the transfer of 50,000 equity shares at a par value of ₹10 each, along with all assets and liabilities of the target entity as of the acquisition date. While the base consideration is fixed at ₹12.86 crore, the final price remains subject to adjustment based on the audited accounts of the company as of July 29, 2026.

Project Scope and Regulatory Status

Bhadla Ramgarh Power Transmission Limited is engaged in the business of power transmission, aligning directly with Power Grid's core operations. The SPV is mandated to establish an Inter-State Transmission system on a Build, Own, Operate and Transfer (BOOT) basis. The specific project scope includes augmentation and bay extension works at three key substations:

The target entity was incorporated in accordance with the "Guidelines Encouraging Competition in Development of Transmission Projects" and the "Tariff based Competitive-bidding Guidelines for Transmission Service" notified by the Ministry of Power. RECPDCL obtained the requisite approvals for the transfer of the SPV prior to this acquisition.

Future Approvals and Financial Position

Post-acquisition, Bhadla Ramgarh Power Transmission Limited must obtain a Transmission License and have its Transmission Charges adopted by the Central Electricity Regulatory Commission (CERC). These regulatory clearances are pending and will be secured by the SPV after the transfer of ownership is finalized.

As the entity was incorporated only recently and has yet to commence commercial operations, it recorded no turnover during the last three years. The acquisition does not involve any related party transactions, and Power Grid had no prior interest in the entity before the bidding process concluded. The transaction strengthens Power Grid's asset base in the inter-state transmission sector without introducing new operational risks outside its main line of business.