General information about company | |
| Scrip code | 532898 |
| NSE Symbol | POWERGRID |
| MSEI Symbol | NOTLISTED |
| ISIN | INE752E01010 |
| Name of the entity | Power Grid Corporation of India Limited |
| Date of start of financial year | 01-04-2023 |
| Date of end of financial year | 31-03-2024 |
| Reporting Quarter | Quarterly |
| Date of Report | 31-12-2023 |
| 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 | |||||||||||||||||||||||||
| Whether the listed entity has a Regular Chairperson | Yes | ||||||||||||||||||||||||
| Whether Chairperson is related to MD or CEO | Yes | ||||||||||||||||||||||||
| 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 | |||||||||||||||||
| 1 | Mr | SREEKANT KANDIKUPPA | AAFPK3748Q | 06615674 | Executive Director | Chairperson | MD | 21-12-1963 | |||||||||||||||||
| 2 | Mr | ABHAY CHOUDHARY | ACXPC1925B | 07388432 | Executive Director | Not Applicable | 01-07-1964 | ||||||||||||||||||
| 3 | Mr | RAVINDRA KUMAR TYAGI | AAHPT6301J | 09632316 | Executive Director | Not Applicable | 02-03-1966 | ||||||||||||||||||
| 4 | Mr | RAVISANKAR GANESAN | ACYPG9414C | 08816101 | Executive Director | Not Applicable | 27-06-1966 | ||||||||||||||||||
| 5 | Mr | YATINDRA DWIVEDI | ABQPD7184B | 10301390 | Executive Director | Not Applicable | 05-07-1967 | ||||||||||||||||||
| 6 | Mr | DILIP NIGAM | AASPN0459L | 02990661 | Non-Executive - Nominee Director | Not Applicable | 18-04-1960 | ||||||||||||||||||
| 7 | Mr | SAIBABA DARBAMULLA | ACWPD2645L | 10167281 | Non-Executive - Nominee Director | Not Applicable | 25-02-1969 | ||||||||||||||||||
| 8 | Mr | CHETAN BANSILAL KANKARIYA | ALRPK1720F | 09402860 | Non-Executive - Independent Director | Not Applicable | 29-07-1976 | ||||||||||||||||||
| 9 | Mr | RAM NARESH | AJZPN0298D | 09405377 | Non-Executive - Independent Director | Not Applicable | 20-01-1981 | ||||||||||||||||||
| 10 | Mr | KORACHARA NAGAPPA ONKARAPPA | AAEPO7284L | 09403906 | Non-Executive - Independent Director | Not Applicable | 28-07-1962 | ||||||||||||||||||
I. Composition of Board of Directors | |||||||||||||||||||||||||
Disqualification of Directors under section 164 of the Companies Act, 2013 | |||||||||||||||||||||||||
| Sr | Whether the director is disqualified? | Start Date of disqualification | End Date of disqualification | Details of disqualification | Current status | ||||||||||||||||||||
| 1 | No | Inactive | |||||||||||||||||||||||
| 2 | No | Active | |||||||||||||||||||||||
| 3 | No | Active | |||||||||||||||||||||||
| 4 | No | Active | |||||||||||||||||||||||
| 5 | No | Active | |||||||||||||||||||||||
| 6 | No | Active | |||||||||||||||||||||||
| 7 | No | Active | |||||||||||||||||||||||
| 8 | No | Active | |||||||||||||||||||||||
| 9 | No | Active | |||||||||||||||||||||||
| 10 | No | Inactive | |||||||||||||||||||||||
I. Composition of Board of Directors | |||||||||||||||||||||||||
| Sr | 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 [with reference to proviso to regulation 17A(1) & 17A(2)] | 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 | NA | 01-09-2016 | 31-12-2023 | 1 | 0 | 0 | 1 | ||||||||||||||||||
| 2 | NA | 01-11-2020 | 1 | 0 | 0 | 0 | |||||||||||||||||||
| 3 | NA | 12-08-2022 | 29-08-2022 | 1 | 0 | 1 | 1 | ||||||||||||||||||
| 4 | NA | 21-09-2022 | 2 | 0 | 2 | 0 | |||||||||||||||||||
| 5 | NA | 31-08-2023 | 1 | 0 | 1 | 0 | |||||||||||||||||||
| 6 | NA | 06-06-2022 | 1 | 0 | 0 | 0 | |||||||||||||||||||
| 7 | NA | 18-05-2023 | 1 | 0 | 0 | 0 | |||||||||||||||||||
| 8 | NA | 17-11-2021 | 17-11-2021 | 25.14 | 1 | 1 | 2 | 1 | |||||||||||||||||
| 9 | NA | 18-11-2021 | 18-11-2021 | 25.13 | 1 | 1 | 4 | 2 | |||||||||||||||||
| 10 | NA | 17-11-2021 | 17-11-2021 | 13-12-2023 | 24.26 | 0 | 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 | 09402860 | CHETAN BANSILAL KANKARIYA | Non-Executive - Independent Director | Chairperson | 15-12-2021 | ||
| 2 | 09405377 | RAM NARESH | Non-Executive - Independent Director | Member | 18-07-2022 | ||
| 3 | 10167281 | SAIBABA DARBAMULLA | Non-Executive - Nominee Director | Member | 16-12-2023 | ||
| 4 | 09403906 | KORACHARA NAGAPPA ONKARAPPA | Non-Executive - Independent Director | Member | 15-12-2021 | 13-12-2023 | |
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 | 09402860 | CHETAN BANSILAL KANKARIYA | Non-Executive - Independent Director | Chairperson | 15-12-2021 | ||
| 2 | 09405377 | RAM NARESH | Non-Executive - Independent Director | Member | 15-12-2021 | ||
| 3 | 10167281 | SAIBABA DARBAMULLA | Non-Executive - Nominee Director | Member | 18-05-2023 | ||
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 | 09405377 | RAM NARESH | Non-Executive - Independent Director | Member | 15-12-2021 | ||
| 2 | 09402860 | CHETAN BANSILAL KANKARIYA | Non-Executive - Independent Director | Member | 15-12-2021 | ||
| 3 | 08816101 | RAVISANKAR GANESAN | Executive Director | Member | 21-09-2022 | ||
| 4 | 10301390 | YATINDRA DWIVEDI | Executive Director | Member | 31-08-2023 | ||
| 5 | 09403906 | KORACHARA NAGAPPA ONKARAPPA | Non-Executive - Independent Director | Chairperson | 15-12-2021 | 13-12-2023 | |
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 | 07388432 | ABHAY CHOUDHARY | Executive Director | Chairperson | 01-11-2020 | ||
| 2 | 09632316 | RAVINDRA KUMAR TYAGI | Executive Director | Member | 12-08-2022 | ||
| 3 | 08816101 | RAVISANKAR GANESAN | Executive Director | Member | 21-09-2022 | ||
| 4 | 09405377 | RAM NARESH | Non-Executive - Independent Director | Member | 16-12-2023 | ||
| 5 | 09403906 | KORACHARA NAGAPPA ONKARAPPA | Non-Executive - Independent Director | Member | 15-12-2021 | 13-12-2023 | |
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 | SREEKANT KANDIKUPPA | Executive Director | Chairperson | 01-10-2019 | 31-12-2023 | |
| 2 | 10301390 | YATINDRA DWIVEDI | Executive Director | Member | 31-08-2023 | ||
| 3 | 09403906 | KORACHARA NAGAPPA ONKARAPPA | Non-Executive - Independent Director | Member | 15-12-2021 | 13-12-2023 | |
| 4 | 09402860 | CHETAN BANSILAL KANKARIYA | Non-Executive - Independent Director | Member | 15-12-2021 | ||
| 5 | 09405377 | RAM NARESH | Non-Executive - Independent Director | Member | 15-12-2021 | ||
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) | Total Number of Directors as on date of the meeting | Number of Directors present* (All directors including Independent Director) | No. of Independent Directors attending the meeting* |
| 1 | 14-07-2023 | Yes | 9 | 8 | 3 | |||
| 2 | 31-07-2023 | 16 | Yes | 9 | 8 | 3 | ||
| 3 | 30-08-2023 | 29 | Yes | 9 | 9 | 3 | ||
| 4 | 10-10-2023 | 40 | Yes | 10 | 10 | 3 | ||
| 5 | 20-10-2023 | 9 | Yes | 10 | 10 | 3 | ||
| 6 | 07-11-2023 | 17 | Yes | 10 | 9 | 3 | ||
| 7 | 22-11-2023 | 14 | Yes | 10 | 8 | 3 | ||
| 8 | 16-12-2023 | 23 | Yes | 9 | 9 | 2 | ||
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) | Total Number of Directors in the Committee as on date of the meeting | Number of Directors Present (All Directors including Independent Director) | No. of Independent Directors attending the meeting* | No. of members attending the meeting (other than Board of Directors) |
| 1 | Audit Committee | 14-07-2023 | Yes | 3 | 3 | 3 | 0 | |||
| 2 | Audit Committee | 31-07-2023 | 16 | Yes | 3 | 3 | 3 | 0 | ||
| 3 | Audit Committee | 24-08-2023 | 23 | Yes | 3 | 3 | 3 | 0 | ||
| 4 | Audit Committee | 30-08-2023 | 5 | Yes | 3 | 3 | 3 | 0 | ||
| 5 | Audit Committee | 20-10-2023 | 50 | Yes | 3 | 3 | 3 | 0 | ||
| 6 | Audit Committee | 07-11-2023 | 17 | Yes | 3 | 3 | 3 | 0 | ||
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) | Total Number of Directors in the Committee as on date of the meeting | Number of Directors Present (All Directors including Independent Director) | No. of Independent Directors attending the meeting* | No. of members attending the meeting (other than Board of Directors) |
| 7 | Audit Committee | 16-12-2023 | 38 | Yes | 3 | 3 | 3 | 0 | ||
| 8 | Corporate Social Responsibility Committee | 01-07-2023 | Yes | 4 | 4 | 3 | 0 | |||
| 9 | Corporate Social Responsibility Committee | 14-07-2023 | 12 | Yes | 4 | 4 | 3 | 0 | ||
| 10 | Corporate Social Responsibility Committee | 30-08-2023 | 46 | Yes | 4 | 4 | 3 | 0 | ||
| 11 | Corporate Social Responsibility Committee | 07-11-2023 | 68 | Yes | 5 | 5 | 3 | 0 | ||
| 12 | Corporate Social Responsibility Committee | 16-12-2023 | 38 | Yes | 4 | 4 | 2 | 0 | ||
| 13 | Nomination and remuneration committee | 30-08-2023 | Yes | 3 | 3 | 2 | 0 | |||
| 14 | Nomination and remuneration committee | 20-10-2023 | 50 | Yes | 3 | 3 | 2 | 0 | ||
| 15 | Risk Management Committee | 30-08-2023 | Yes | 4 | 4 | 1 | 0 | |||
| 16 | Risk Management Committee | 22-11-2023 | 83 | Yes | 4 | 3 | 1 | 0 | ||
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 | No | |
| 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 1000 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 | Mrinal Shrivastava |
| 2 | Designation | Company Secretary and Compliance Officer |
Text Block | |
| Textual Information(1) | Note to Point No. 1 - As on 31.12.2023, POWERGRID had 5 Executive Directors (including CMD), 2 Non-Executive Directors (Govt. Nominee Directors) and 2 Independent Directors.
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 30.09.2023 was placed before Board of Directors in their meeting held on 20.10.2023. This report i.e. for the Quarter ending 31.12.2023 will be placed in the ensuing meeting of Board of Directors. |
Details of Cyber security incidence | ||||
| Whether as per Regulation 27(2)(ba) of SEBI (LODR) Regulations, 2015 there has been cyber security incidents or breaches or loss of data or documents during the quarter | Yes | |||
| Date of the event | 23-10-2023 | Brief details of the event | Traffic to certain C2 systems from POWERGRID’s IT infrastructure was detected. On analysis, the impacted systems were isolated and systems hardening was undertaken. No data loss could be detected. The operational infrastructure continued to function normally. | |
Signatory Details | |
| Name of signatory | Mrinal Shrivastava |
| Designation of person | Company Secretary and Compliance Officer |
| Place | Gurugram |
| Date | 05-01-2024 |