POWERGRID : MERGES 28 WHOLLY OWNED SUBSIDIARIES INTO 2

• Regional Director, Northern Region, Ministry of Corporate Affairs confirmed both schemes of merger via separate orders dated 02nd November, 2026 • 28 wholly owned subsidiaries (transferor companies) to merge into 2 other wholly owned subsidiaries (transferee companies) • Scheme Group-C: 17 transferor companies into POWERGRID Kudankulam Transmission Limited • Scheme Group-D: 11 transferor companies into POWERGRID South Olpad Transmission Limited • Schemes effective from 02nd November, 2026; board had approved the 28-into-2 merger on 19th March, 2026, superseding the earlier 11-into-2 proposal • Stated rationale is consolidation into larger unified entities and fewer group companies for operational and administrative efficiency

Power Grid Corporation of India Limited

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