Regional Director confirms two schemes merging 28 wholly owned subsidiaries into 2
MCA's Regional Director, Northern Region Directorate I, has confirmed two schemes of merger/amalgamation of 28 (Twenty-eight) wholly owned subsidiaries into 2 (two) other wholly owned subsidiaries.
By ScoutQuest · · 2 min read
- Transferor subsidiaries merged
- 28 (Twenty-eight) wholly owned subsidiaries
- Transferee subsidiaries
- 2 (two) other wholly owned subsidiaries
- Schemes active from
- 02nd November, 2026
What the company informed
POWERGRID told the exchanges that the Regional Director, Northern Region Directorate I, Ministry of Corporate Affairs, has, through two separate Confirmation Orders each dated 02nd November, 2026, confirmed the respective schemes of merger/amalgamation of 28 (Twenty-eight) wholly owned subsidiary companies into 2 (two) other wholly owned subsidiary companies.
- The 28 merging companies are called the Transferor Companies; the 2 receiving companies are called the Transferee Companies.
- As per the orders, the schemes shall be active from 02nd November, 2026.
- The disclosure is a continuation of the company's earlier letter dated 19th March, 2026.
Background of the transaction
- On 19th March, 2026, the Board of Directors approved the merger/amalgamation of 28 (Twenty-Eight) wholly owned subsidiaries into 2 (Two) other wholly owned subsidiaries, along with the schemes of merger in relation thereto.
- That approval was in supersession of an earlier Board proposal of 20th December, 2025, which covered 13 (Thirteen) wholly owned subsidiaries, i.e. 11 (Eleven) wholly owned subsidiaries to be merged into 2 (Two) other wholly owned subsidiaries.
- The December 2025 letter set out the intent: consolidating the business to create larger unified entities, reducing the number of entities within the group, and simplifying administrative tasks and the organisational structure.
How the schemes are grouped
- Annexure-A splits the schemes into Scheme/Group-C, under Order No. Sec 233/AC5797011/RD Delhi, and Scheme/Group-D, under Order No. Sec 233/AC5816474/RD Delhi.
- Under each order, Annexure-A lists the transferor companies against the transferee company for that scheme. The names are all transmission-related project companies carrying the POWERGRID prefix, such as POWERGRID Kudankulam Transmission Limited, POWERGRID Bhadla Transmission Limited, POWERGRID Mandsaur Transmission Limited and POWERGRID Jam Khambhaliya Transmission Limited.
What this means for a retail investor
- This is a step in an internal group reorganisation: the companies being merged are wholly owned subsidiaries of POWERGRID, and they are being merged into other wholly owned subsidiaries.
- The stated purpose, as described in the company's earlier letter, is fewer entities in the group and a simpler organisational structure.
- The disclosure records the confirmation of the schemes by the Regional Director and the date from which the schemes are active.
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3 Nov 2026
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More numbers
- Wholly owned subsidiaries being merged (Transferor Companies)28 (Twenty-eight)
- Wholly owned subsidiaries receiving the merger (Transferee Companies)2 (two)
- WOS covered by the earlier 20th December 2025 Board proposal13 (Thirteen)
- WOS proposed to be merged under the 20th December 2025 proposal11 (Eleven)
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