Power Grid Corporation of India shareholders approved a significant expansion of its debt capacity during its 37th Annual General Meeting (AGM) held on August 20, 2026. The key outcome was the approval of a special resolution to enhance the company’s overall borrowing limit from ₹1,80,000 crore to ₹2,20,000 crore, providing additional financial flexibility for ongoing and future transmission infrastructure projects.

The meeting, chaired by Chairman & Managing Director Burra Vamsi Rama Mohan, was conducted via Video Conferencing (VC) / Other Audio-Visual Means (OAVM) in compliance with SEBI Listing Regulations and the Companies Act, 2013. A total of 181 members attended the proceedings.

Key Resolutions Approved

In addition to the borrowing limit enhancement, shareholders approved several ordinary and special resolutions related to corporate governance and capital raising. The approved items included:

• Director Reappointments: Dr. Yatindra Dwivedi and Shri Naveen Srivastava were reappointed as directors after retiring by rotation.
• Auditor Fees: The Board was authorized to fix remuneration for Statutory Auditors for FY27, and the remuneration for Cost Auditors for FY27 was ratified.
• Debt Issuance Limits: Shareholders approved enhancing the limit for raising funds from the domestic market through private placement of debentures/bonds from ₹30,000 crore to ₹35,000 crore for FY27. A similar limit of up to ₹35,000 crore was authorized for FY28.
• Financial Statements: The audited standalone and consolidated financial statements for the fiscal year ended March 31, 2026, were adopted. The Statutory Auditors’ report contained no qualifications or adverse observations.

Governance and Compliance

The meeting adhered to all regulatory requirements, with quorum present as per the Companies Act, 2013. Voting was conducted through remote e-voting from August 15, 2026, to August 19, 2026, and via an electronic voting system (Insta Poll) during the AGM. The results will be published on the company’s website, along with those of the BSE, NSE, and NSDL.

Burra Vamsi Rama Mohan was appointed as Chairman and Managing Director, not liable to retire by rotation, under a separate ordinary resolution.

Power Grid Corporation of India has appointed Amol Babulal Taori as its Director (Finance) and Chief Financial Officer (CFO). The appointment became permanent on August 20, 2026, following ratification by shareholders at the company’s 37th Annual General Meeting (AGM). This concludes the transition process initiated by the Ministry of Power’s order dated August 12, 2026, under which Taori had initially assumed charge as an Additional Director on August 18, 2026.

Consequent to Taori’s confirmation as Director (Finance) and CFO, Shri Venkata Subrahmanayam Vallurie, Chief General Manager (F&A), ceased to hold the position of CFO. Additionally, Dr. Yatindra Dwivedi, Director (Personnel), relinquished the additional charge of Director (Finance) on August 18, 2026, upon Taori’s initial assumption of office.

Appointment Details

The Board of Directors approved Taori’s appointment as an Additional Director [Director (Finance)] in pursuance of Ministry of Power Order No. 25-11/3/2025-PG. The term is valid for five years, commencing from the date of assumption of charge or until further orders, whichever is earlier. The Board meeting that finalized the appointment commenced at 1:00 pm and concluded at 1:20 pm on August 20, 2026.

Professional Background

Taori brings nearly 30 years of experience in finance, treasury, international trade, marketing, and compensation management. Prior to this role, he served as Executive Director (In-charge) – International Trade at Hindustan Petroleum Corporation Limited (HPCL). At HPCL, he managed crude procurement of approximately 700 kbd, product imports and exports, chartering arrangements, and oil price risk management.

His tenure at HPCL included managing one of India’s largest corporate treasuries for over a decade. He spearheaded HPCL’s maiden USD bond issue, achieving competitive pricing spreads, and conceptualised the Oil Bond Swap to reduce borrowing costs. He also facilitated HPCL’s first foreign currency swaps and revolving line of credit, representing the company at global equity and debt roadshows. Taori also served as a Trustee of all employee benefits trusts of HPCL and as a Director on the Board of HPCL Middle East FZCO, Dubai.

Regulatory Disclosure

The company made the disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Anjana Luthra, Company Secretary & Compliance Officer, signed the filing submitted to both the National Stock Exchange of India Limited and BSE Limited on August 20, 2026. The initial disclosure regarding his assumption of charge was filed on August 18, 2026.