Governance Negative

2026-05-29 17:15

CRITICAL RED FLAG DETECTED

Power Finance Corporation Ltd. filed its Annual Secretarial Compliance Report for FY2026. The report noted non-compliance with SEBI LODR Regulations regarding board and committee composition during parts of FY2025-26. This resulted in fines of ₹3,89,000 each from BSE and NSE on 29-05-2025. All identified non-compliances were subsequently rectified, and no fines are pending as of March 31, 2026.

Business Update Neutral

2026-05-29 17:10

Power Finance Corporation Limited (PFC) announced the transfer of its wholly-owned subsidiary, TUMKUR II RE Transmission Limited, to Power Grid Corporation of India Limited, the successful bidder. The subsidiary was established for a 1.5 GW renewable energy transmission system. The transfer was completed on 29.05.2026 for a consideration of Rs. 15,46,38,881/-. The transaction is not a related party transaction.

Business Update Positive

2026-05-29 15:53

Power Finance Corporation Limited (PFC) announced the transfer of its wholly-owned subsidiary, Kurnool IV REZ Power Transmission Limited, to Resonia Limited (formerly Sterlite Grid 32 Limited) for a consideration of ₹20,93,72,682. The transaction was completed on May 29, 2026. The divested subsidiary, established for a transmission system project, had a negligible contribution to PFC's financials and was an arm's length transaction.

Business Update Neutral

2026-05-27 12:56

Power Finance Corporation Limited announced the transfer of its wholly-owned subsidiary, NERGS III Siang Basin Transmission Limited (a subsidiary of PFC Consulting Limited), to Dineshchandra R. Agrawal Infracon Private Limited. The sale was completed on May 26, 2026, for a consideration of Rs. 19.70 Crores. The divested subsidiary had a negligible contribution to PFC's turnover and net worth.

Business Update Positive

2026-05-20 16:28

Power Finance Corporation (PFC) targets 10% loan growth for FY2027, expecting prepayment pressures to moderate and spreads to be 2.40%-2.50%. A strategic merger with REC is planned by April 1, 2027, to enhance scale and capital efficiency in the power sector. Growth drivers include strong focus on renewable energy (e.g., INR 16,000 crores sanctioned for storage projects), improving DISCOM performance, and opportunities in conventional energy and infrastructure. PFC maintains robust asset quality and a healthy capital base to support India's energy transition.

Governance Positive

2026-05-16 17:54

The Board of Directors of Power Finance Corporation Limited (PFC) met on May 16, 2026, and reserved the proposal for the merger of REC Limited into PFC. The board approved authorizing the CMD to seek approval from the President of India for the merger, with a share exchange ratio to be determined by valuers. The merged entity will retain its status as a 'Government Company'. The trading window for PFC securities remains closed until further orders.

Business Update Neutral

2026-05-13 20:11

Power Finance Corporation Ltd. (PFC) announced the availability of the audio recording of its Investor Meet held on Wednesday, May 13, 2026, on the company's website, as per Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Governance Neutral

2026-05-13 19:09

Power Finance Corporation Ltd. announced a Board Meeting on May 16, 2026, to discuss a potential merger with REC. Due to ongoing deliberations and the presence of unpublished price sensitive information, the trading window, which was previously closed from April 1, 2026, and scheduled to reopen on May 16, 2026, will now remain closed until further notice.

Financials Positive

2026-05-13 13:48

Power Finance Corporation Ltd.'s Board of Directors met on May 13, 2026, to approve the audited financial results (standalone & consolidated) for the quarter and financial year ended March 31, 2026. The Joint Statutory Auditors expressed an unmodified opinion. The Board also recommended a final dividend of ₹3.95 per equity share for FY 2025-26, which is in addition to interim dividends of ₹14.60, making the total dividend for the year ₹18.55 per share.

Financials Positive

2026-05-13 13:31

Power Finance Corporation Ltd. announced the approval of its Audited Financial Results (Standalone & Consolidated) for the quarter and financial year ended March 31, 2026. The Board also recommended a final dividend of ₹3.95 per equity share for FY 2025-26, which, in addition to the interim dividends of ₹14.60, brings the total dividend for the fiscal year to ₹18.55 per share. The Joint Statutory Auditors have not expressed any modified opinion on the results.

Business Update Positive

2026-05-08 16:26

PFC Consulting Limited (a subsidiary of Power Finance Corporation Ltd.) has incorporated two new wholly-owned subsidiaries: WESTERN GHATS PSP TRANSMISSION LIMITED and HINGOLI WEST POWER TRANSMISSION LIMITED. These Special Purpose Vehicles (SPVs) are for establishing 400 kV switching stations in Igatpuri/Murbad (Thane) and Hingoli, respectively. PFCCL, acting as Bid Process Coordinator, will oversee preparatory activities for these Independent Transmission Projects, with the SPVs to be transferred to successful bidders selected via competitive bidding.

Business Update Positive

2026-05-08 12:30

Power Finance Corporation Limited (PFC) announced that its wholly-owned subsidiary, PFC Consulting Limited (PFCCL), has incorporated a Special Purpose Vehicle (SPV) named PUNE WEST POWER TRANSMISSION LIMITED. This SPV is established for the 765 kV GIS Pune West transmission project. PFCCL, acting as the Bid Process Coordinator, will oversee preparatory activities like land acquisition, and the SPV will be transferred to the successful bidder after the competitive bidding process for the project.

Business Update Neutral

2026-05-08 11:45

Power Finance Corporation Ltd. (PFC) announced an Investor Meet for analysts/investors on Wednesday, May 13, 2026, at 3:30 p.m. at Jio World Convention Centre, Mumbai. The meeting, scheduled after the declaration of Q4/FY 2025-26 results, will provide an update on PFC's performance for the quarter and financial year ended March 31, 2026. Audio recordings and transcripts will be uploaded on the company's website.

Routine Neutral

2026-05-07 14:52

New Filing detected. See link for details.

Business Update Positive

2026-04-30 19:04

Power Finance Corporation (PFC) announced that its wholly-owned subsidiary, PFC Consulting Limited (PFCCL), has been appointed Bid Process Coordinator for Independent Transmission Projects. PFCCL has incorporated five new wholly-owned Special Purpose Vehicle (SPV) subsidiaries to develop transmission systems for integrating power from various Renewable Energy Zones (REZ) and for general power evacuation, with capacities up to 7.5 GW. These SPVs will facilitate preparatory activities and will be transferred to successful bidders selected through competitive bidding.

Governance Neutral

2026-04-30 18:53

Power Finance Corporation Ltd. announced the cessation of Shri Rajiv Ranjan Jha as Director (Projects) from its Board, effective May 1, 2026. This change is due to his superannuation.

Routine Neutral

2026-04-30 16:25

New Filing detected. See link for details.

Governance Positive

2026-04-23 18:20

Shri Rajesh Kumar Agarwal assumed charge as Director (Finance) on Power Finance Corporation Limited's Board on 23.04.2026 for five years. He possesses over 31 years of experience in the Power and Financial sectors, including prior roles as Executive Director (Finance) at PFC and experience with other major power companies.

Governance Neutral

2026-04-17 15:35

Power Finance Corporation Ltd. announced the cessation of Smt. Usha Sajeev Nair, Shri Prasanna Tantri, and Shri Naresh Dhanrajbhai Kella as Non-Official Independent Directors, effective April 17, 2026, upon completion of their respective one-year tenures.

Business Update Positive

2026-04-14 20:51

Power Finance Corporation Limited (PFC) announced the incorporation of four wholly-owned Special Purpose Vehicle (SPV) subsidiaries by its subsidiary, PFC Consulting Limited (PFCCL). These SPVs (Babai, Bikaner, Humnabad, and Hebbani Transmission Limited) are established to develop various transmission systems, with necessary state committee approvals already secured for the bid process coordination.

Governance Negative

2026-04-07 12:55

CRITICAL RED FLAG DETECTED

PFC informed about the resignation of Shri Bhaskar Bhattacharya, an Independent Director, effective 02.04.2026. As per his declaration, he did not hold directorship in any other listed entity at cessation.

Routine Neutral

2026-04-02 12:49

New Filing detected. See link for details.

Governance Negative

2026-04-02 12:19

CRITICAL RED FLAG DETECTED

Shri Bhaskar Bhattacharya has resigned as an Independent Director of Power Finance Corporation Ltd (PFC) effective April 1, 2026. His resignation is to avoid potential conflict of interest due to his proposed candidature in the West Bengal Assembly election.

Governance Neutral

2026-04-01 13:10

Power Finance Corporation announced that Shri Manoj Sharma, Director (Commercial), and Shri Sandeep Kumar, Director (Finance), ceased to be Directors due to superannuation, effective April 1, 2026.

Business Update Positive

2026-03-30 17:51

Power Finance Corporation Limited transferred its wholly-owned subsidiary, South Kalamb Power Transmission Limited, to Adani Energy Solutions Limited for ₹12,53,27,500/-. The transaction completed on March 30, 2026, for a subsidiary with negligible contribution to revenue/net worth.

Business Update Neutral

2026-03-27 18:18

PFC transferred its wholly-owned subsidiary, Wagdari Transmission Limited, to KCC Buildcon Private Limited on March 27, 2026, for a consideration of Rs. 4,41,10,826. The subsidiary's contribution to the company's turnover and net worth was negligible.

Routine Neutral

2026-03-25 13:27

Power Finance Corporation Ltd. announced the closure of its trading window from April 1, 2026, until further orders. This prevents designated persons and their immediate relatives from dealing in the company's Equity Shares and Listed Debt Securities as per regulatory norms.

Routine Neutral

2026-03-17 17:28

Power Finance Corporation Ltd. announced that its trading window, previously closed, will remain closed until March 19, 2026, and will open for trading in equity shares and listed debt securities from March 20, 2026, onwards, as per insider trading regulations.

Financials Positive

2026-03-17 14:28

Power Finance Corporation's Board approved raising resources up to ₹1,60,000 crore for FY 2026-27 and declared a fourth interim dividend of ₹3.25 per equity share for FY 2025-26. The record date for the dividend is 23.03.2026, with payment on or before 16.04.2026.

Financials Positive

2026-03-17 14:25

Board approved raising up to ₹1,60,000 crore for FY 2026-27 via bonds, term loans, and Commercial Paper. Also declared a fourth interim dividend of ₹3.25 per share for FY 2025-26, with a record date of 23.03.2026 and payment on or before 16.04.2026.

Financials Positive

2026-03-17 14:24

The Board approved raising resources up to ₹1,60,000 crore for FY 2026-27 and declared a fourth interim dividend of ₹3.25/share for FY 2025-26. Record Date: March 23, 2026. Payment by April 16, 2026.

Business Update Neutral

2026-03-17 10:34

Power Finance Corporation (PFC) announced that Ghogarpalli Integrated Power Company Limited (GIPCL), a non-material wholly-owned subsidiary, has been struck off by the Registrar of Companies w.e.f. March 16, 2026. GIPCL was an SPV for an Ultra Mega Power Project that was later decided to be closed.

Business Update Neutral

2026-03-13 12:52

Power Finance Corporation Limited transferred its wholly-owned subsidiary, NES Pune East New Transmission Limited, to Power Grid Corporation of India Limited for Rs. 8,04,74,138/-. The transaction was completed on March 12, 2026, as per a Share Purchase Agreement.

Business Update Neutral

2026-03-12 16:29

Power Finance Corporation has transferred its wholly-owned subsidiary, NES Dharashiv Transmission Limited, to Montecarlo Limited for ₹3,61,11,559/- (Rupees Three Crore Sixty-One Lakh Eleven Thousand Five Hundred Fifty-Nine only). The transaction was completed on March 12, 2026. The buyer is not a promoter group entity.

Business Update Neutral

2026-03-12 11:51

Power Finance Corporation Limited (PFC) announced the dissolution of its wholly-owned non-material subsidiary, Sakhigopal Integrated Power Company Limited (SIPCL), by the Registrar of Companies w.e.f. 09.03.2026. SIPCL was an SPV for a 4000 MW Ultra Mega Power Project that was later closed, with government approval on 27.11.2025.

Governance Positive

2026-03-11 16:10

PFC's Board will meet on March 17, 2026, to consider a market borrowing program for FY 2026-27 and the declaration of a 4th Interim Dividend for FY 2025-26. The trading window will close immediately.

Business Update Neutral

2026-02-27 15:35

PFC Consulting Limited, a wholly-owned subsidiary of Power Finance Corporation Limited, has transferred its wholly-owned subsidiary, Saswad Transmission Limited, to Maharashtra State Electricity Transmission Company Limited for ₹3,79,31,992. The transfer of the SPV was completed on 26.02.2026.

Business Update Positive

2026-02-12 17:43

PFC and REC announce an update on their restructuring plan, approved in-principle by their boards on Feb 6, 2026, following a Union Budget announcement on Feb 1, 2026. The merger aims to achieve scale, improve efficiency, and create a single institution for power sector financing.

Governance Neutral

2026-02-06 18:49

PFC's Board meeting on 06.02.2026 approved the withdrawal of its Nominee Director from PTC India Limited's Board and the relinquishment of all promoter rights in PTC, subject to regulatory and statutory compliances. This decision follows an Office Memorandum from the Ministry of Power.

Governance Positive

2026-02-06 17:30

PFC's Board meeting on 06.02.2026 approved in-principle a merger with REC, following the Finance Minister's budget announcement to restructure Public Sector NBFCs for scale and efficiency. PFC previously acquired 52.63% of REC.

Business Update Positive

2026-02-06 16:21

PFC's Board met on 06.02.2026 and approved an in-principle merger with REC, aiming for scale and efficiency, as announced in the Union Budget 2026-27. This follows PFC's earlier acquisition of 52.63% of the government's holding in REC.

Routine Neutral

2026-02-05 23:47

New Filing detected. See link for details.

Routine Neutral

2026-02-05 23:47

New Filing detected. See link for details.

Routine Neutral

2026-02-05 23:47

New Filing detected. See link for details.

Business Update Neutral

2026-02-03 16:58

PFC clarified news regarding a potential restructuring with REC, following the Finance Minister's proposal in Union Budget 2026 to achieve scale and efficiency for public sector NBFCs. PFC, which acquired REC in 2019, will deliberate this announcement in an upcoming Board Meeting.

Routine Neutral

2026-02-03 11:12

New Filing detected. See link for details.

Governance Neutral

2026-01-31 17:39

Power Finance Corporation Ltd. (PFC) announced that Shri Raj Kumar Malhotra, Executive Director, will retire from the service of the corporation on January 31, 2026, upon attaining the age of superannuation.

Governance Positive

2026-01-19 21:33

Power Finance Corporation Ltd. announced the promotion of Sh. Deepak Jain from Chief General Manager to Executive Director of the Company, effective January 16, 2026. He has over 26 years of experience in project financing.

Financials Neutral

2026-01-10 20:40

Power Finance Corporation Ltd. announced a public issue of secured, redeemable NCDs aggregating up to ₹5,000 crores on January 10, 2026. The issue includes various series with different tenors and coupon rates.

PFC

Power Finance Corporation Limited

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