Jaiprakash Power Ventures Ltd

AGM details

• 31st AGM held on 30 July 2026 at 11:30 AM IST via VC/OAVM.
• Record date: 25,04,898 shareholders on record.
• No physical attendance; meeting conducted through VC/OAVM; proxies not applicable.
• Meeting chaired by Savan Jayendra Patel (Whole-time Director).
• E-voting available; results to be published on company and stock exchange websites.

Resolutions and voting

• 1 Ordinary: Adopt standalone and consolidated financial statements for FY2025-26.
• 2 Ordinary: Ratify Cost Auditors' remuneration for FY2026-27.
• 3 Ordinary: Appoint Savan Jayendra Patel as Whole-time Director.
• 4 Ordinary: Appoint Jayadeb Nanda as Non-Executive, Non-Independent Director.
• 5 Ordinary: Appoint Naresh Telgu as Non-Executive, Non-Independent Director.
• 6 Special: Appoint Shruti Anup Shah as Independent Director.
• 7 Special: Appoint Jayant Misra as Independent Director.
• 8 Special: Appoint Mukesh M. Shah as Independent Director.
• 9 Ordinary: Remuneration by way of Commission to former Executive Directors for 2025-26.
• 10 Ordinary: Remuneration by way of Commission to Non-Executive Directors for 2025-26.
• 11 Special: Commission to one former Non-Executive Director exceeding 50% of total commissions.
• Voting outcomes not disclosed in filing; results to be published on company/stock exchanges.

AGM Details

• AGM held on 30 July 2026 at 11:30 AM via VC/OAVM.
• Remote e-voting: 27–29 July 2026; voting during AGM.

Key Resolutions and Results

• Resolution 1 (Ordinary): Adopt standalone and consolidated financials; 97.31% in favour.
• Resolution 2 (Ordinary): Ratify Cost Auditor remuneration for FY2027; 99.99% in favour.
• Resolution 3 (Ordinary): Appoint Savan Jayendra Patel as Executive Director; 99.59% in favour.
• Resolution 4 (Ordinary): Appoint Jayadeb Nanda as Non-Executive Director; 98.46% in favour.
• Resolution 5 (Ordinary): Appoint Naresh Telgu as Non-Executive Director; 99.56% in favour.
• Resolution 6 (Special): Appoint Shruti Anup Shah as Independent Director; 94.56% in favour.
• Resolution 7 (Special): Appoint Jayan Misra as Independent Director; 99.99% in favour.
• Resolution 8 (Special): Appoint Mukesh M. Shah as Independent Director; 97.89% in favour.
• Resolution 9 (Ordinary): Remuneration by commission to former Exec Directors; 88.13% in favour.
• Resolution 10 (Ordinary): Remuneration by commission to Non-Executive Directors; 88.04% in favour.
• Resolution 11 (Special): Remuneration by commission to one former Non-Executive Director; 88.05% in favour.

Directors & Auditors Changes

• Savan Jayendra Patel appointed Executive Director (Whole-time).
• Jayadeb Nanda appointed Non-Executive, Non-Independent Director.
• Naresh Telgu appointed Non-Executive, Non-Independent Director.
• Shruti Anup Shah appointed Independent Director.
• Jayan Misra appointed Independent Director.
• Mukesh M. Shah appointed Independent Director.
• Cost Auditor remuneration for FY2027 ratified.

Cessation: Vandana R. Singh (Independent Director)

• Smt. Vandana R. Singh to cease as Independent Director on 26 July 2026 after completing second three-year term.

Cessation of Independent Director

• Smt. Vandana R. Singh, Independent Director, completes second three-year term and ceases as Director effective 26 July 2026.

Financial results

• Unaudited standalone and consolidated Q1 FY27 results approved by the Board.
• Standalone total income ₹180,643 lakh; Consolidated ₹180,649 lakh.
• Standalone net profit after tax ₹46,895 lakh; Consolidated ₹46,884 lakh.
• Total comprehensive income: standalone ₹46,907 lakh; consolidated ₹46,896 lakh.
• EPS basic/diluted ₹0.52.

One-time items and tax adjustments

• Exceptional item ₹193.63 crore for coal mine surrender.
• 115BAA tax regime: MAT credit reversed ₹140.78 crore.
• Deferred tax reversal ₹248.87 crore; net impact ₹108.09 crore.

Regulatory and legal matters

• NCLT Allahabad CIRP against Jaiprakash Associates.
• SBI corporate guarantee released; NARCL substituted for SBI.
• UPPCL dues ₹47,316 lakh; ₹40,347 held back; recoverable under PPAs.
• DMG show-cause notices for sand mining; AP HC stay; no provision.
• Mines & Minerals Act impact unascertainable.

Strategic actions and approvals

• Initiation to surrender Amelia North and Bandha North coal mines; lender/NA approvals pending.
• Audit Committee reviewed results; Board approved; results uploaded to the company website.

Auditor remarks and going concern

• Auditor notes qualified conclusions on guarantees and recompense.
• SPGCL going concern uncertainty; not modified.

Encumbrance revision

• Event: Revision of encumbrance disclosure for promoter shares; pledged count corrected to 1,20,05,09,465; lender/trustee details added.

Meeting Details

• 159th Board Meeting scheduled for Monday, 20 July 2026.
• Time and venue not disclosed.

Key Agenda Items

• To consider and approve unaudited standalone and consolidated financial results for quarter ended 30 June 2026.

Other Notes

• Trading window closed from 1 July 2026 to 22 July 2026 (evening) for insiders.

AGM corrigendum

• Corrigendum to AGM notice and FY2025-26 Annual Report issued due to typographical errors.
• Corrections to headings in the Commission and Salaries tables on pages 16 and 17.
• Measurement corrected from Rs. in Lakhs to Rs. in Crores for 'Proposed Commission upto'.
• Corrigendum published in four newspapers; no other Annual Report changes.
• No change in AGM outcomes or approvals indicated.

agm details

• Thirty-first AGM on 30 July 2026 at 11:30 AM via VC/OAVM.
• Mode: Video Conference/Other Audio-Visual Means; books/record closure 24–30 July 2026.

key resolutions

• Adopt Audited standalone and Consolidated financial statements and auditors' report.
• Ratify cost auditors' remuneration for FY2026-27.
• Appoint Savan Jayendra Patel as Executive Director Whole-time Director for 3 years, no remuneration.
• Appoint Jayadeb Nanda as Non-Executive, Non-Independent Director.
• Appoint Naresh Telgu as Non-Executive, Non-Independent Director.
• Appoint Shruti Anup Shah as Independent Director for 3-year term.
• Appoint Jayant Misra as Independent Director for 3-year term.
• Appoint Mukesh M. Shah as Independent Director for 3-year term from Nov 1, 2026.
• Remuneration by commission to former Executive Directors for FY2025-26.
• Remuneration by commission to Non-Executive Directors including former Non-Executive Directors.
• Special: Remuneration to one former Non-Executive Director exceeding 50% of total non-executive commission.

voting results

• Postal ballot (27 Apr 2025): Re-appointment of Sunil Sharma as WTD approved; 99.92% in favour.
• Postal ballot: Remuneration to Sunil Sharma approved; 99.92% in favour.
• Postal ballot: Appointment of S.C. Saxena as Independent Director approved; 99.41% in favour.

dividend

• Dividend for FY2025-26: no dividend recommended.

director changes

• New directors appointed as Additional Directors: Savan Patel (WTD), Jayadeb Nanda, Naresh Telgu, Shruti Anup Shah, Jayant Misra, Mukesh M. Shah.
• Resignations/cessations: Sunil Sharma, Suren Jain, Praveen Kumar Singh, Prof. Saxena, Dr. Dinesh Likhi; Manoj Gaur ceased as Chairman.

auditors

• Statutory auditors: Lodha & Co LLP re-appointed for 5-year term ending 2027 (to the 32nd AGM).
• Cost auditors: Sanjay Gupta & Associates appointed for FY2026-27; remuneration to be ratified.
• Secretarial auditors: VLA & Associates appointed.

material related party transactions

• All related party transactions are arm's length; no material RPTs identified; disclosures in notes/Annexure-C.

other material approvals

• Dividend Distribution Policy and CSR/related governance policies hosted on the company site.