Power Grid Corporation of India board has approved raising funds worth Rs 4,000 crore from State Bank of India through an unsecured rupee term loan or line of credit facility. The approval was granted during a board meeting held on April 30, 2026, marking a significant strategic funding initiative for the power transmission company.

Board Meeting Details

The board meeting was conducted on Thursday, April 30, 2026, with proceedings commencing at 10:30 AM and concluding at 11:35 AM. During this session, the directors considered and approved the proposal for securing the substantial funding arrangement with State Bank of India, one of India's leading public sector banks.

Regulatory Compliance and Communication

The company has maintained full transparency by communicating this development to stock exchanges in accordance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirement) Regulations, 2015. The formal communication was addressed to both the National Stock Exchange of India Limited and BSE Limited, ensuring all stakeholders remain informed about this material corporate decision.

Corporate Governance

Company Secretary and Compliance Officer Satyaprakash Dash signed the regulatory filing, confirming the board's decision and ensuring proper adherence to corporate governance protocols. The announcement was made with reference to the company's NSE scrip ID POWERGRID and BSE scrip code 532898, maintaining regulatory compliance standards.

This funding approval provides POWERGRID with access to substantial financial resources that will support its operational requirements and strategic growth initiatives in India's power transmission sector.

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.