POWERGRID to Further Pursue Waiver of Rs 5.4 Lakh BSE Fine
Power Grid Corporation of India has requested BSE Limited to grant waiver of fine of Rs. 5,42,800/- (Incl. GST) levied for non-compliance with the provisions of Regulation 57(1) of the SEBI Regulations,2015 w.r.t. non-submission of information related to Interest payment obligation for Unsecured, Redeemable, Non-Convertible, Non-Cumulative, Taxable, 7.74% POWERGRID Bond LXI Issue, the debt instrument.
The company in its filing states, This is to inform that BSE, vide its email communication dated 09.06.2025, has inter-alia informed that the Company's representation for waiver of fine was placed before the relevant authority of the Exchange and the said relevant authority has decided that the Company's request for waiver could not be acceded to Pursuant to SEBI Circular dt. 29.07.2022, the matter regarding aforesaid communication from BSE was placed before the Board of Directors of POWERGRID in its meeting held today i.e. on 10.06.2025. POWERGRID Board, while deliberating the same, has desired that the matter be further pursued with BSE.
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