General information about company | |
| Scrip code | 532898 |
| NSE Symbol | POWERGRID |
| MSEI Symbol | |
| ISIN | INE752E01010 |
| Name of the entity | Power Grid Corporation of India Limited |
| Date of start of financial year | 01-04-2019 |
| Date of end of financial year | 31-03-2020 |
| Reporting Quarter | Quarterly |
| Date of Report | 31-12-2019 |
| Risk management committee | Applicable |
| Market Capitalisation as per immediate previous Financial Year | Top 100 listed entities |
Annexure I | ||||||||||||||||||||
Annexure I to be submitted by listed entity on quarterly basis | ||||||||||||||||||||
I. Composition of Board of Directors | ||||||||||||||||||||
| Disclosure of notes on composition of board of directors explanatory | ||||||||||||||||||||
| Wether the listed entity has a Regular Chairperson | Yes | |||||||||||||||||||
| Whether Chairperson is related to MD or CEO | No | |||||||||||||||||||
| Sr | Title (Mr / Ms) | Name of the Director | PAN | DIN | Category 1 of directors | Category 2 of directors | Category 3 of directors | Date of Birth | Whether special resolution passed? [Refer Reg. 17(1A) of Listing Regulations] | Date of passing special resolution | Initial Date of appointment | Date of Re-appointment | Date of cessation | Tenure of director (in months) | No of Directorship in listed entities including this listed entity (Refer Regulation 17A of Listing Regulations) | No of Independent Directorship in listed entities including this listed entity (Refer Regulation 17A(1) of Listing Regulations | Number of memberships in Audit/ Stakeholder Committee(s) including this listed entity (Refer Regulation 26(1) of Listing Regulations) | No of post of Chairperson in Audit/ Stakeholder Committee held in listed entities including this listed entity (Refer Regulation 26(1) of Listing Regulations) | Notes for not providing PAN | Notes for not providing DIN |
| 1 | Mr | K. SREEKANT | AAFPK3748Q | 06615674 | Executive Director | Chairperson | MD | 21-12-1963 | NA | 01-09-2016 | 1 | 0 | 0 | 0 | ||||||
| 2 | Mr | RAVI P. SINGH | AEZPS1659G | 05240974 | Executive Director | Not Applicable | 21-01-1960 | NA | 01-04-2012 | 1 | 0 | 1 | 0 | |||||||
| 3 | Mrs | SEEMA GUPTA | AAHPG0569P | 06636330 | Executive Director | Not Applicable | 05-05-1962 | NA | 01-03-2018 | 1 | 0 | 0 | 0 | |||||||
| 4 | Mr | RAJEEV KUMAR CHAUHAN | AFJPC1750P | 02018931 | Executive Director | Not Applicable | 25-10-1960 | NA | 23-08-2018 | 2 | 0 | 0 | 0 | |||||||
I. Composition of Board of Directors | ||||||||||||||||||||
Disclosure of notes on composition of board of directors explanatory | ||||||||||||||||||||
Wether the listed entity has a Regular Chairperson | ||||||||||||||||||||
| Sr | Title (Mr / Ms) | Name of the Director | PAN | DIN | Category 1 of directors | Category 2 of directors | Category 3 of directors | Date of Birth | Whether special resolution passed? [Refer Reg. 17(1A) of Listing Regulations] | Date of passing special resolution | Initial Date of appointment | Date of Re-appointment | Date of cessation | Tenure of director (in months) | No of Directorship in listed entities including this listed entity (Refer Regulation 17A of Listing Regulations) | No of Independent Directorship in listed entities including this listed entity (Refer Regulation 17A(1) of Listing Regulations | Number of memberships in Audit/ Stakeholder Committee(s) including this listed entity (Refer Regulation 26(1) of Listing Regulations) | No of post of Chairperson in Audit/ Stakeholder Committee held in listed entities including this listed entity (Refer Regulation 26(1) of Listing Regulations) | Notes for not providing PAN | Notes for not providing DIN |
| 5 | Mr | TSE TEN DORJI | ATHPD1349M | 03469466 | Non-Executive - Independent Director | Not Applicable | 15-11-1950 | No | 16-02-2017 | 35 | 1 | 1 | 0 | 1 | ||||||
| 6 | Mr | MANOJ KUMAR MITTAL | ACNPM3218P | 07937052 | Non-Executive - Independent Director | Not Applicable | 09-03-1964 | No | 12-09-2017 | 28 | 1 | 1 | 1 | 0 | ||||||
| 7 | Mr | SUNIL KUMAR SHARMA | AQIPS6986M | 03614952 | Non-Executive - Independent Director | Not Applicable | 22-09-1956 | No | 23-07-2018 | 17 | 2 | 2 | 2 | 0 | ||||||
| 8 | Mrs | A. R. MAHALAKSHMI | AJOPM5697A | 08187493 | Non-Executive - Independent Director | Not Applicable | 28-05-1970 | No | 26-07-2018 | 17 | 1 | 1 | 1 | 0 | ||||||
I. Composition of Board of Directors | ||||||||||||||||||||
Disclosure of notes on composition of board of directors explanatory | ||||||||||||||||||||
Wether the listed entity has a Regular Chairperson | ||||||||||||||||||||
| Sr | Title (Mr / Ms) | Name of the Director | PAN | DIN | Category 1 of directors | Category 2 of directors | Category 3 of directors | Date of Birth | Whether special resolution passed? [Refer Reg. 17(1A) of Listing Regulations] | Date of passing special resolution | Initial Date of appointment | Date of Re-appointment | Date of cessation | Tenure of director (in months) | No of Directorship in listed entities including this listed entity (Refer Regulation 17A of Listing Regulations) | No of Independent Directorship in listed entities including this listed entity (Refer Regulation 17A(1) of Listing Regulations | Number of memberships in Audit/ Stakeholder Committee(s) including this listed entity (Refer Regulation 26(1) of Listing Regulations) | No of post of Chairperson in Audit/ Stakeholder Committee held in listed entities including this listed entity (Refer Regulation 26(1) of Listing Regulations) | Notes for not providing PAN | Notes for not providing DIN |
| 9 | Mr | S. K. G. RAHATE | ABNPR1120J | 05254178 | Non-Executive - Nominee Director | Not Applicable | 15-04-1964 | No | 27-09-2019 | 1 | 0 | 0 | 0 | |||||||
| 10 | Mr | M. N. VENKATESAN | AABPV6561A | 02126022 | Non-Executive - Independent Director | Not Applicable | 03-10-1955 | No | 11-07-2019 | 6 | 1 | 1 | 0 | 1 | ||||||
| 11 | Mr | DILIP NIGAM | AASPN0459L | 02990661 | Non-Executive - Nominee Director | Not Applicable | 18-04-1960 | No | 28-12-2019 | 1 | 0 | 0 | 0 | |||||||
Audit Committee Details | |||||||
| Whether the Audit Committee has a Regular Chairperson | Yes | ||||||
| Sr | DIN Number | Name of Committee members | Category 1 of directors | Category 2 of directors | Date of Appointment | Date of Cessation | Remarks |
| 1 | 02126022 | M. N. VENKATESAN | Non-Executive - Independent Director | Chairperson | 01-10-2019 | ||
| 2 | 07937052 | MANOJ KUMAR MITTAL | Non-Executive - Independent Director | Member | 01-10-2019 | ||
| 3 | 03614952 | SUNIL KUMAR SHARMA | Non-Executive - Independent Director | Member | 01-10-2019 | ||
Nomination and remuneration committee | |||||||
| Whether the Nomination and remuneration committee has a Regular Chairperson | Yes | ||||||
| Sr | DIN Number | Name of Committee members | Category 1 of directors | Category 2 of directors | Date of Appointment | Date of Cessation | Remarks |
| 1 | 03614952 | SUNIL KUMAR SHARMA | Non-Executive - Independent Director | Chairperson | 01-10-2019 | ||
| 2 | 08187493 | A. R. MAHALAKSHMI | Non-Executive - Independent Director | Member | 01-10-2019 | ||
| 3 | 05254178 | S. K. G. RAHATE | Non-Executive - Nominee Director | Member | 01-10-2019 | ||
Stakeholders Relationship Committee | |||||||
| Whether the Stakeholders Relationship Committee has a Regular Chairperson | Yes | ||||||
| Sr | DIN Number | Name of Committee members | Category 1 of directors | Category 2 of directors | Date of Appointment | Date of Cessation | Remarks |
| 1 | 03469466 | TSE TEN DORJI | Non-Executive - Independent Director | Chairperson | 01-10-2019 | ||
| 2 | 08187493 | A. R. MAHALAKSHMI | Non-Executive - Independent Director | Member | 01-10-2019 | ||
| 3 | 05240974 | RAVI P. SINGH | Executive Director | Member | 01-10-2019 | ||
Risk Management Committee | |||||||
| Whether the Risk Management Committee has a Regular Chairperson | Yes | ||||||
| Sr | DIN Number | Name of Committee members | Category 1 of directors | Category 2 of directors | Date of Appointment | Date of Cessation | Remarks |
| 1 | 02018931 | RAJEEV KUMAR CHAUHAN | Executive Director | Chairperson | 01-10-2019 | ||
| 2 | 06636330 | SEEMA GUPTA | Executive Director | Member | 01-10-2019 | ||
| 3 | 03469466 | TSE TEN DORJI | Non-Executive - Independent Director | Member | 01-10-2019 | ||
| 4 | 02126022 | M. N. VENKATESAN | Non-Executive - Independent Director | Member | 01-10-2019 | ||
Corporate Social Responsibility Committee | |||||||
| Whether the Corporate Social Responsibility Committee has a Regular Chairperson | Yes | ||||||
| Sr | DIN Number | Name of Committee members | Category 1 of directors | Category 2 of directors | Date of Appointment | Date of Cessation | Remarks |
| 1 | 06615674 | K. SREEKANT | Executive Director | Chairperson | 01-10-2019 | ||
| 2 | 05240974 | RAVI P. SINGH | Executive Director | Member | 01-10-2019 | ||
| 3 | 07937052 | MANOJ KUMAR MITTAL | Non-Executive - Independent Director | Member | 01-10-2019 | ||
| 4 | 08187493 | A. R. MAHALAKSHMI | Non-Executive - Independent Director | Member | 01-10-2019 | ||
Other Committee | ||||||
| Sr | DIN Number | Name of Committee members | Name of other committee | Category 1 of directors | Category 2 of directors | Remarks |
Annexure 1 | |||||||
Annexure 1 | |||||||
III. Meeting of Board of Directors | |||||||
| Disclosure of notes on meeting of board of directors explanatory | |||||||
| Sr | Date(s) of meeting (if any) in the previous quarter | Date(s) of meeting (if any) in the current quarter | Maximum gap between any two consecutive (in number of days) | Notes for not providing Date | Whether requirement of Quorum met (Yes/No) | Number of Directors present* | No. of Independent Directors attending the meeting* |
| 1 | 03-07-2019 | Yes | 11 | 5 | |||
| 2 | 02-08-2019 | 29 | Yes | 11 | 6 | ||
| 3 | 27-08-2019 | 24 | Yes | 11 | 6 | ||
| 4 | 01-10-2019 | 34 | Yes | 9 | 5 | ||
| 5 | 07-11-2019 | 36 | Yes | 10 | 5 | ||
| 6 | 19-12-2019 | 41 | Yes | 10 | 5 | ||
Annexure 1 | ||||||||
IV. Meeting of Committees | ||||||||
| Disclosure of notes on meeting of committees explanatory | ||||||||
| Sr | Name of Committee | Date(s) of meeting (Enter dates of Previous quarter and Current quarter in chronological order) | Maximum gap between any two consecutive (in number of days) | Name of other committee | Reson for not providing date | Whether requirement of Quorum met (Yes/No) | Number of Directors present* | No. of Independent Directors attending the meeting* |
| 1 | Audit Committee | 03-07-2019 | Yes | 4 | 4 | |||
| 2 | Audit Committee | 02-08-2019 | 29 | Yes | 4 | 4 | ||
| 3 | Audit Committee | 27-08-2019 | 24 | Yes | 4 | 4 | ||
| 4 | Audit Committee | 01-10-2019 | 34 | Yes | 3 | 3 | ||
| 5 | Audit Committee | 07-11-2019 | 36 | Yes | 3 | 3 | ||
| 6 | Audit Committee | 19-12-2019 | 41 | Yes | 3 | 3 | ||
Annexure 1 | ||||||||
IV. Meeting of Committees | ||||||||
| Sr | Name of Committee | Date(s) of meeting (Enter dates of Previous quarter and Current quarter in chronological order) | Maximum gap between any two consecutive (in number of days) | Name of other committee | Reson for not providing date | Whether requirement of Quorum met (Yes/No) | Number of Directors present* | No. of Independent Directors attending the meeting* |
| 7 | Nomination and remuneration committee | 01-10-2019 | Yes | 4 | 3 | |||
| 8 | Nomination and remuneration committee | 19-12-2019 | 78 | Yes | 3 | 2 | ||
| 9 | Risk Management Committee | 04-09-2019 | Yes | 2 | 0 | |||
| 10 | Corporate Social Responsibility Committee | 02-08-2019 | Yes | 9 | 4 | |||
| 11 | Corporate Social Responsibility Committee | 27-08-2019 | 24 | Yes | 8 | 4 | ||
| 12 | Corporate Social Responsibility Committee | 01-10-2019 | 34 | Yes | 6 | 3 | ||
| 13 | Corporate Social Responsibility Committee | 07-11-2019 | 36 | Yes | 4 | 2 | ||
| 14 | Corporate Social Responsibility Committee | 19-12-2019 | 41 | Yes | 4 | 2 | ||
Annexure 1 | |||
V. Related Party Transactions | |||
| Sr | Subject | Compliance status (Yes/No/NA) | If status is “No” details of non-compliance may be given here. |
| 1 | Whether prior approval of audit committee obtained | Yes | |
| 2 | Whether shareholder approval obtained for material RPT | NA | |
| 3 | Whether details of RPT entered into pursuant to omnibus approval have been reviewed by Audit Committee | NA | |
Annexure 1 | |||
VI. Affirmations | |||
| Sr | Subject | Compliance status (Yes/No) | |
| 1 | The composition of Board of Directors is in terms of SEBI (Listing obligations and disclosure requirements) Regulations, 2015 | Yes | |
| 2 | The composition of the following committees is in terms of SEBI(Listing obligations and disclosure requirements) Regulations, 2015 a. Audit Committee | Yes | |
| 3 | The composition of the following committees is in terms of SEBI(Listing obligations and disclosure requirements) Regulations, 2015. b. Nomination & remuneration committee | Yes | |
| 4 | The composition of the following committees is in terms of SEBI(Listing obligations and disclosure requirements) Regulations, 2015. c. Stakeholders relationship committee | Yes | |
| 5 | The composition of the following committees is in terms of SEBI(Listing obligations and disclosure requirements) Regulations, 2015. d. Risk management committee (applicable to the top 500 listed entities) | Yes | |
| 6 | The committee members have been made aware of their powers, role and responsibilities as specified in SEBI (Listing obligations and disclosure requirements) Regulations, 2015. | Yes | |
| 7 | The meetings of the board of directors and the above committees have been conducted in the manner as specified in SEBI (Listing obligations and disclosure requirements) Regulations, 2015. | Yes | |
| 8 | This report and/or the report submitted in the previous quarter has been placed before Board of Directors. | Yes | |
| 9 | Any comments/observations/advice of Board of Directors may be mentioned here: | Textual Information(1) | |
Annexure 1 | ||
| Sr | Subject | Compliance status |
| 1 | Name of signatory | DIVYA TANDON |
| 2 | Designation | Company Secretary and Compliance Officer |
Text Block | |
| Textual Information(1) | Note to Point No. 1 - As on 31.12.2019, POWERGRID had 4 Executive Directors (including Chairperson), 2 Non-Executive Directors (Shri Dilip Nigam was appointed as Govt. Nominee Director w.e.f. 28.12.2019) and 5 Independent Directors. The composition also include Women Independent Director. With the appointment of Shri Dilip Nigam as Govt. Nominee Director w.e.f. 28.12.2019, POWERGRID was non-compliant w.r.t. number of Independent Directors at least 50% of Board Members from 28.12.2019 to 31.12.2019 (i.e. for three days) during the quarter. POWERGRID, being a Govt. Company within the meaning of Section 2 (45) of the Companies Act, 2013, the power to appoint functional/ Official Part-time Directors / non-Official Part-time Directors (Independent Directors) vests with the President of India. Note to Point No. 8 - The report for the Quarter ended 30.09.2019 was placed before Board of Directors in its meeting held on 07.11.2019. This report i.e. for the Quarter ending 31.12.2019 will be placed in the ensuing meeting of Board of Directors. |
Signatory Details | |
| Name of signatory | DIVYA TANDON |
| Designation of person | Company Secretary and Compliance Officer |
| Place | GURGAON |
| Date | 15-01-2020 |