Power Grid Corporation of India Limited (POWERGRID) was levied a fine of ₹5,42,800 (including GST) by BSE Limited for non-compliance with Regulation 57(1) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
The non-compliance relates to the non-submission of information concerning interest payment obligation for its Unsecured, Redeemable, Non-Convertible, Non-Cumulative, Taxable, 7.74% POWERGRID Bond LXI Issue.
POWERGRID clarified that the interest amount of ₹232.20 crore was paid to bondholders on the due date, 12 December 2024, and this information was also emailed to BSE on the same date.
The company had requested BSE to waive the fine.
However, BSE, via an email communication dated 9 June 2025, informed POWERGRID that its request for a waiver could not be acceded to.
The matter was placed before POWERGRID's Board of Directors in a meeting held on 10 June 2025.
The Board decided to further pursue the matter with BSE.