Power Finance Corporation Limited has officially completed the transfer of two wholly owned transmission subsidiaries under Regulation 30, with the transactions finalized on 03.02.2026. The state-owned financial institution divested SR And ER Power Transmission Limited and Morena I SEZ Transmission Limited through its subsidiary PFC Consulting Limited for a combined consideration of ₹41.98 crore.

Subsidiary Transfer Details

The company has transferred two specialized transmission subsidiaries to separate acquiring entities through a competitive bidding process:

Transaction Structure and Compliance

Power Finance Corporation has provided detailed regulatory disclosures regarding the nature of these transactions. The company confirmed that both deals were completed through a structured bidding process with the consideration determined in accordance with Ministry of Power guidelines.

Strategic Business Impact

The divestment represents Power Finance Corporation's strategic approach to optimizing its transmission portfolio through its subsidiary PFC Consulting Limited. Both transferred subsidiaries were established for specific transmission infrastructure projects - one focusing on inter-regional grid strengthening and the other on renewable energy evacuation in Madhya Pradesh.

The company emphasized that neither acquiring entity belongs to the promoter or promoter group, ensuring arm's length transactions. The successful completion of these transfers demonstrates PFC's commitment to transparent corporate governance while generating proceeds of ₹41.98 crore for the organization.

Power Finance Corporation Limited has announced that its Board of Directors will meet on February 5, 2026, to consider the declaration of a 3rd interim dividend for the financial year 2025-26. The company communicated this development to stock exchanges on February 2, 2026, maintaining transparency with investors and regulatory compliance.

Board Meeting Details

The upcoming board meeting represents a significant corporate action for the Maharatna company, as directors will evaluate the proposal for interim dividend distribution. The meeting follows the company's earlier communication dated January 27, 2026, indicating ongoing deliberations regarding shareholder returns.

Regulatory Compliance and Communication

Power Finance Corporation has fulfilled its regulatory obligations by formally notifying both major stock exchanges about the board meeting agenda. The communication was addressed to the National Stock Exchange of India Limited's Listing Department at the Exchange Plaza, Bandra-Kurla Complex, and BSE Limited's Department of Corporate Services at PJ Towers, Dalal Street.

The notification, signed by Company Secretary and Compliance Officer Manish Kumar Agarwal, demonstrates the company's commitment to maintaining proper corporate governance standards. The document was digitally signed on February 2, 2026, ensuring authenticity and regulatory compliance.

Corporate Governance Framework

As a Government of India undertaking and ISO 45001:2018 certified organization, Power Finance Corporation maintains stringent corporate governance practices. The systematic approach to board meeting notifications and dividend considerations reflects the company's structured decision-making process for shareholder value creation.

The interim dividend consideration for FY 2025-26 indicates the company's focus on regular shareholder returns, subject to board approval and financial performance evaluation. This marks the third interim dividend proposal for the current financial year, demonstrating consistent attention to shareholder interests.