POWERGRID's Director (Finance) & CFO Ceases Role Upon Superannuation

POWERGRID, an Indian central public sector undertaking engaged primarily in power transmission, has announced a significant change in its top management. The company, listed on the National Stock Exchange (NSE) under the symbol POWERGRID, disclosed that Shri Ravisankar Ganesan, the Director (Finance) and Chief Financial Officer (CFO), has concluded his tenure.

The cessation of Shri Ganesan's roles became effective on June 30, 2026, as per the company's filing dated July 1, 2026. The official communication to the exchange stated that Shri Ganesan's departure was due to him attaining the age of superannuation. His roles encompassed critical financial oversight and management functions for the company.

As Director (Finance) and Chief Financial Officer, Shri Ravisankar Ganesan was designated as a Key Managerial Personnel (KMP) of POWERGRID. KMPs typically hold substantial authority and responsibility in the company's financial and operational decision-making, making changes in such positions a routine yet important disclosure for investors and stakeholders.

The announcement was made in accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This regulation mandates listed entities to inform stock exchanges about material events, including changes in the composition of the Board of Directors and the appointment or cessation of Key Managerial Personnel, to ensure transparency and timely dissemination of information to the market.

This corporate action reflects the standard practice of executive transitions within public sector enterprises upon reaching retirement age. The filing exclusively detailed the cessation of Shri Ganesan's directorship and KMP position, without providing information regarding the appointment of a successor or any interim arrangements for the critical Director (Finance) and CFO roles. The disclosure by POWERGRID on the NSE strictly adheres to regulatory requirements concerning changes in the company's directorate.