PTC India Ltd

Cessation of POWERGRID nominee

• Rajiv Kumar Rohilla, Nominee Director, ceased 15 Oct 2026 due to POWERGRID withdrawal; POWERGRID nominee to be appointed.

Meeting Details

• Board meeting scheduled for Monday, November 02, 2026.

Key Agenda Items

• Consider and approve unaudited standalone and consolidated financial results for quarter and half year ended Sep 30, 2026.

Other Notes

• Trading window closed from Oct 01, 2026 to 48 hours after Sep 30, 2026 results.

Executive Director term extension

• Extension of term as Executive Director (Senior Management Personnel) for one year.
• Rajiv Malhotra, Executive Director (Senior Management Personnel).
• Extension effective from 01 December 2026 for one year.
• Approved by Board on N&RC recommendation; on existing terms.
• Mechanical engineer; IIM Lucknow alumnus; CFA; 35+ years experience.
• No disclosed relationships with other directors.
• No changes to board/committee composition.

AGM details

• AGM held on 30 September 2026 at 12:30 PM via VC/OAVM.
• Voting eligibility cut-off date: 23 September 2026.
• Remote e-voting window: 27–29 September 2026.
• Scrutinizer appointed for e-voting at AGM.

Key resolutions

• Adopt standalone financial statements for year ended March 31, 2026.
• Adopt consolidated financial statements for year ended March 31, 2026.
• Approve and declare final dividend for year ended March 31, 2026.
• Re-appoint director retiring by rotation; eligible for re-appointment.
• Re-appoint statutory auditors and fix their remuneration.

Dividend specifics

• Final dividend per share amount not disclosed in filing.

JV formation

• Target: NIRL PTC Renewables Limited; Indian energy JV to develop Green Energy Projects.
• Structure: NLC India Renewables Limited 74% and PTC India Limited 26%.
• Shareholding: PTC holds 26% (26,000 equity shares).
• Incorporation: Certificate received on 16 September 2026.
• CIN: U35105TN2026GOI197973.
• Regulatory approvals: DIPAM approval obtained prior to incorporation.
• Consideration: Cash; Rs 10 per equity share.
• Total value: Rs 2.60 lakh for 26,000 shares.
• Purpose: Collaborate to develop Green Energy Projects and explore related opportunities.
• Turnover data: not disclosed.

Instruments & Ratings

• Short-Term Fund Based Facilities Cash Credit Rs 2,000 crore; [ICRA]A1+; reaffirmed.
• Short-Term Non-Fund Based Limits Rs 4,500 crore; [ICRA]A1+; reaffirmed and enhanced.
• Commercial Paper Rs 300 crore; [ICRA]A1+; reaffirmed.

Issuer Rating & Outlook

• Issuer Rating: [ICRA]AA (Stable); reaffirmed.
• Outlook: Stable for issuer rating.

Surveillance & Next Steps

• Ratings due for surveillance within one year.
• ICRA reserves right to review or revise ratings on new information.

Date & Regulator

• Rating communication dated 16 September 2026 by ICRA Limited.

AGM notice and access

• 27th AGM scheduled for 30 September 2026 at 12:30 PM IST via VC/OAVM.
• Electronic AGM notice and FY2025-26 Integrated AR sent to registered emails.
• Shareholders without registered emails will receive notice by letter and access online.
• Annual Report and Notice available on company website; NSDL and stock exchanges host it.
• Record date for final dividend: 7 October 2026.
• e-Voting window: 27 Sept 2026 09:00 to 29 Sept 2026 17:00; cut-off 23 Sept 2026.
• Update email addresses if holdings are demat/physical; process in AGM Notice.

BRSR highlights

• Subject: BRSR for FY2025-26 filed with BSE/NSE as part of annual report.
• Standalone reporting boundary; business activities dominated by power trading (99.73% turnover) and cross-border trades.
• Key holdings: PFS subsidiary (64.99%); Hindustan Power Exchange associate (22.62%).
• CSR: Yes; FY26 turnover 16,619.82 crore; net worth 4,729.84 crore.
• Penalties: NSE/BSE fines of Rs 2.75 lakh each for board composition non-compliance.
• Environmental: FY26 energy 1,731.31 GJ total; Scope 2 emissions 273.29 tCO2e; net intensity 0.017 per crore.
• REC purchases: 1,000 RECs in FY26, offsetting ~200% of grid energy usage.
• Gender: 11 directors; 2 women (18%); KMP female 0.
• Headcount: 468 total; 109 permanent and 359 non-permanent; female share 25 of 468 (5.3%).
• Grievance/misconduct: 151 investor complaints FY2026; 104 FY2025.