POWERGRID InvIT gets SEBI relaxation on corporate governance norms

POWERGRID Infrastructure Investment Trust (PGInvIT) has received approval from SEBI for relaxation from certain corporate governance norms. Specifically, SEBI has granted relaxation regarding the requisite number of independent directors on the Board of PUTL until December 31, 2026. Additionally, PGInvIT has been granted relaxation from the applicability of SEBI's circular on 'Board nomination rights to unitholders of Infrastructure Investment Trusts' until September 30, 2026. These relaxations were granted pursuant to requests made by PGInvIT, acting through its Investment Manager, POWERGRID Unchahar Transmission Limited.