POWERGRID Infrastructure Investment Trust has submitted its unitholding pattern for the quarter ended March 31, 2026, to the National Stock Exchange of India Limited and BSE Limited. The filing was made by POWERGRID Unchahar Transmission Limited, acting as the Investment Manager, in compliance with Regulation 23 of the SEBI (Infrastructure Investment Trusts) Regulations, 2014.

Unitholding Pattern Overview

The unitholding pattern report, prepared by KFin Technologies Limited as the Registrar & Transfer Agent, provides a comprehensive breakdown of unit distribution across various investor categories as of March 31, 2026.

Sponsor Holdings

The sponsor and sponsor group category shows a concentrated holding structure. All sponsor holdings are classified under Indian entities, specifically bodies corporate, with 13,65,00,100 units representing 15.00% of total outstanding units. No foreign sponsor holdings were reported, and no units were pledged or otherwise encumbered.

Public Holdings Distribution

Public holdings are distributed across institutional and non-institutional investors, totaling 77,34,99,100 units or 85.00% of the total outstanding units.

Institutional Holdings

Institutional investors hold 25,50,66,584 units, representing 28.03% of total outstanding units:

Non-Institutional Holdings

Non-institutional investors comprise the largest segment with 51,84,32,516 units, accounting for 56.97% of total outstanding units:

Regulatory Compliance

The filing was made in accordance with SEBI Master Circular no. SEBI/HO/DDHS-PoD-2/P/CIR/2025/102 dated July 11, 2025, under Chapter 4 dealing with Continuous Disclosures and Compliances by InvITs. The document was digitally signed by Shwetank Kumar, Company Secretary & Compliance Officer, on April 13, 2026.

The unitholding pattern demonstrates a well-diversified investor base with significant retail participation, as individuals constitute the largest single category of unitholders at 43.82% of total outstanding units.

POWERGRID Infrastructure Investment Trust (PGInvIT) has received a mixed regulatory response from the Securities and Exchange Board of India (SEBI) regarding its request for relaxations from various compliance requirements. The development was communicated to stock exchanges through a formal letter dated February 17, 2026.

SEBI Grants Partial Relief

SEBI has granted PGInvIT relaxation till March 31, 2026 from the applicability of provisions outlined in SEBI Circular no. SEBI/HO/DDHS-PoD-2/P/CIR/2023/153 dated September 11, 2023. This circular, titled "Board nomination rights to unitholders of Infrastructure Investment Trusts (InvITs)," forms Chapter 22 of the SEBI Master Circular for InvITs dated July 11, 2025.

Corporate Governance Compliance Denied

However, SEBI has not acceded to PGInvIT's request for extension of relaxation from strict compliance with several key regulations. The denied relaxations pertain to corporate governance norms regarding the requisite number of independent directors on the Board of POWERGRID Unchahar Transmission Limited (PUTL), which serves as the investment manager.

The specific regulations from which relaxation was sought but denied include:

• Regulation 4(2)(e)(v) of SEBI (Infrastructure Investment Trusts) Regulations, 2014
• Regulation 26G
• Regulation 26H(1)
• Regulation 26H(2)
• Regulation 26(K)(1)

Government Company Status Impact

PUTL operates as a government company under Section 2(45) of the Companies Act, 2013, by virtue of being a subsidiary of Power Grid Corporation of India Limited. This classification means that the authority to appoint Independent Directors on PUTL's Board rests with the Ministry of Power, Government of India.

Ongoing Coordination

PUTL has indicated that it remains in continuous communication with the Ministry of Power regarding the independent director appointment matter. The investment manager has committed to promptly communicate any developments in this regard to stakeholders and regulatory authorities.

The communication was signed by Shwetank Kumar, Company Secretary & Compliance Officer of POWERGRID Unchahar Transmission Limited, acting as Investment Manager of POWERGRID Infrastructure Investment Trust.