Power Grid Corporation of India Limited has announced a governance transition at the top of its board, noting that two Independent Directors have completed their tenure. Shiv Tapasya Paswan and Rohit Vaswani ceased to be Non-Official Directors (Independent Directors) of POWERGRID on 15 April 2026, in terms of orders from the Ministry of Power dated 16 April 2025. The company confirms that their tenure has ended and that they will no longer serve on the board from that date, marking a notable moment in the ongoing board refreshment process.
Both Paswan and Vaswani served in an independent capacity, providing oversight and contributing to the strategic deliberations that guide a critical utility in India’s power transmission landscape. Their departures remove two formal independent voices from the boardroom, a development that tends to prompt reflection on governance dynamics and the evolution of board perspectives during periods of strategic recalibration.
The change underscores the board’s ongoing stewardship and the broader governance framework that governs Power Grid. As the company continues to pursue reliability, resilience, and expansion across its asset base, the leadership transition will likely prompt consideration of fresh independent input to complement the remaining directors and management.
Power Grid remains a cornerstone of India’s energy infrastructure, and departures of independent directors are part of a structured governance rhythm aimed at sustaining robust checks and balances as the organization navigates its next phase of growth.