Corporate Governance25 Aug 2026, 03:26 pm
POWERGRID InvIT Unitholders Approve Valuer Appointment
AI Summary
POWERGRID Infrastructure Investment Trust (PGInvIT) announced that its unitholders have approved the appointment of a valuer for FY 2026-27 to 2027-28 through a postal ballot. The resolution received the requisite majority. The detailed e-voting results and the scrutinizer's report confirm the approval, with the Sponsor & Sponsor Group and Public Institutions voting unanimously in favor. Public Non-Institutions also showed strong support, with a high percentage of votes in favor. The total voting turnout was 33.91%.
Key Highlights
- Unitholders approved the appointment of the valuer for FY 2026-27 to 2027-28.
- The resolution passed with the required majority via postal ballot and e-voting.
- Sponsor and institutional investors voted unanimously in favor.
- Retail investors showed strong approval for the valuer appointment.
- Total voting turnout was 33.91% of outstanding units.
Price Impact
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