Board Meeting16 Jul 2026, 10:30 pm
Power Grid Board to Consider Fund Raising on July 22, 2026
AI Summary
Power Grid Corporation of India Ltd has announced that its Board of Directors will convene on July 22, 2026, to consider and approve proposals for fund raising. Key agenda items include enhancing the borrowing limit from ₹30,000 Crore to ₹35,000 Crore for FY 2026-27 and borrowing up to ₹35,000 Crore for FY 2027-28. These proposals are subject to shareholder approval at the upcoming Annual General Meeting. Additionally, the trading window will remain closed until 48 hours after the declaration of financial results for the quarter ended June 30, 2026.
Key Highlights
- Board meeting scheduled for July 22, 2026, to discuss fund raising.
- Proposes to increase borrowing limit to ₹35,000 Crore for FY 2026-27.
- Plans to borrow up to ₹35,000 Crore for FY 2027-28.
- Shareholder approval required for proposed borrowing limits.
- Trading window closure extended until post Q1 FY27 results.
Price Impact
More from POWERGRID