Power Grid Corporation of India has officially announced the completion of tenure for two Independent Directors effective 15th April 2026. The company informed stock exchanges through a regulatory filing dated 16th April 2026, maintaining compliance with SEBI disclosure requirements under Regulation 30.

Directors' Tenure Completion

The tenure of two Non-Official Directors (Independent Directors) concluded on 15th April 2026 as per Ministry of Power directives:

Both directors ceased to be Non-Official Directors (Independent Directors) on the Board of POWERGRID from 15th April 2026, following the completion of their respective tenures as determined by Ministry of Power orders dated 16th April 2025.

Regulatory Compliance and Filing

The official communication was addressed to both the National Stock Exchange of India Limited and BSE Limited, ensuring comprehensive market disclosure. The filing referenced the company's trading details and maintained full regulatory compliance:

Official Documentation

Company Secretary and Compliance Officer Satyaprakash Dash digitally signed the regulatory filing at 11:29:22 +05'30' on 16th April 2026. The formal communication thanked the exchanges for taking the information on record and emphasized the company's commitment to transparent disclosure practices.

This announcement represents the natural conclusion of the directors' appointed terms as per government directives and demonstrates POWERGRID's adherence to corporate governance standards and regulatory compliance requirements.

Power Grid Corporation of India Limited has announced the successful incorporation of a joint venture company with Africa50 for implementing the Kenya Transmission PPP Project through an official regulatory filing. The development marks a significant milestone in the company's international expansion strategy and strengthens India's presence in Africa's power transmission sector.

Joint Venture Structure

The Special Purpose Vehicle has been established under the name Mwanga Transmission Company Limited as a Private Limited Company under Kenya's Companies Act, 2015. The Certificate of Incorporation was issued by the Registrar of Companies, Kenya on 21st April 2026.

Project Framework

The SPV has been established pursuant to a Project Agreement executed with Kenya Electricity Transmission Company Limited (KETRACO). The project will be implemented under the Public Private Partnership framework, specifically focusing on the Kenya Independent Power Transmission Project.

The partnership leverages Power Grid Corporation's extensive experience in transmission infrastructure development with Africa50's regional expertise and investment capabilities. This collaboration represents a strategic alliance between Indian technical expertise and African development finance.

Regulatory Compliance

The announcement was made through a formal regulatory filing under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, dated 22nd April 2026. The disclosure was digitally signed by Satyaprakash Dash, Company Secretary and Compliance Officer, ensuring full transparency with stakeholders and regulatory authorities.

This joint venture establishment demonstrates Power Grid Corporation's commitment to expanding its international footprint while contributing to Africa's power transmission infrastructure development through strategic partnerships.