Power Finance Corporation Ltd

Newspaper publication of unaudited results

• Newspaper publication of unaudited standalone and consolidated financial results for quarter ended June 30, 2026.
• Publication made under Regulation 30 and Regulation 47 of SEBI LODR.
• Submitted to NSE and BSE for information and record.
• Dated 14 August 2026.

AGM notice publication

• Newspaper notice for Power Finance Corporation's 40th AGM and e-voting published in Business Standard on 11 Aug 2026.
• Publication complies with SEBI LODR Regulation 30; information filed for investor record.
• No material financial impact disclosed.

AGM Details

• 40th AGM on Monday, 31 August 2026 at 11:00 AM via VC/OAVM.
• Record date: 25 August 2026.
• Book closure: 17–31 August 2026.

Key Resolutions

• Ordinary: adopt standalone and consolidated financial statements for FY2025-26.
• Ordinary: interim dividend already paid; final dividend proposed at Rs 3.95 per share.
• Ordinary: appoint director retiring by rotation.
• Special: approve enhanced borrowing limit up to Rs 9,00,000 crore and USD 25 billion with asset mortgage.

Director Changes

• Rajesh Kumar Agarwal appointed Director (Finance) from Apr 23, 2026.

Auditor Arrangements

• Remuneration of Statutory Auditors to be fixed; CAG to appoint for FY2026-27.

Material Related Party Transactions

• No material related party transactions; RPT policy in place.

SPV formation and BPC framework

• Benchigere Transmission Limited formed as PFCCL SPV to develop 400kV Benchigere project in Tumakuru.
• PFCCL nominated as Bid Process Coordinator for tariff-based ITP bidding; SPV to support land/forest clearances.
• KPTCL committee ratified PFCCL BPC nomination for development.

Meeting Details

• Meeting scheduled on August 07, 2026; time and location not disclosed.

Key Agenda Items

• Consider unaudited standalone and consolidated financial results for quarter ended June 30, 2026.

Other Notes

• Trading window closed from April 1, 2026 until further orders.
• Designated persons and immediate relatives barred from dealing in PFC shares during closure.

SPV incorporation & BPC appointment

• Kushtagi Transmission Limited incorporated as wholly owned subsidiary of PFCCL.
• PFCCL named Bid Process Coordinator for Tariff Based Competitive Bidding for ITPs.
• SPV will conduct land acquisition, forest clearance, and related preparatory activities.
• SPV to be transferred to Successful Bidder after International Competitive Bidding.
• KPTCL ratified PFCCL as BPC; Energy Department approved per GO dated 18.10.2025.

Meeting Details

• Board meeting scheduled for 23 July 2026; time and venue not disclosed.

Key Agenda Items

• Proposal to seek shareholder approval to enhance borrowing limit from domestic and international markets.

Other Notes

• Only borrowing-limit enhancement agenda disclosed; no other material items listed.

SPV formation and BPC appointment

• SPV Satara Power Transmission Limited formed as wholly owned PFCCL subsidiary of PFC.
• Project: Satara Transmission Network Expansion Scheme in Western Region to support pumped storage up to 4500 MW.
• PFCCL appointed as Bid Process Coordinator for selecting a developer via tariff-based bidding for ITPs.
• SPV to undertake land acquisition, forest clearances, survey, and report preparation.
• SPV to be transferred to Successful Bidder after ICB/TBCB process; MoP designated PFCCL as BPC.
• MoP gazette notification dated 24 March 2026 confirms BPC designation for TSP selection.
• No monetary value disclosed; project scope and regulatory roles defined.

Debt issuance details

• PFC priced US$300 million floating-rate notes due 2029 under its GMTN programme.
• Coupon: SOFR plus 110 basis points, payable quarterly.
• Settlement date expected 16 July 2026.
• Maturity date 16 July 2029 unless redeemed earlier.
• Notes are direct, unconditional, unsecured obligations ranking pari passu.
• Listed on NSE IFSC and India INX.
• Net proceeds to be used under RBI external commercial borrowing guidelines.
• Issuance under Regulation S; LODR compliant disclosure.