SJVN Ltd

AGM Details

• Date, time, mode: 31 August 2026, 15:00–16:35 HRS, via VC/OAVM.
• Remote e-voting window: 28–30 August 2026, 09:00–17:00.

Key Resolutions

• Adoption of Audited Standalone and Consolidated Financial Statements, Directors’ Report, and Auditors' Report.
• Interim dividend of Rs 1.15 per share and final dividend of Rs 0.35 per share.
• Re-appointment of Shri Ajay Kumar Sharma as Director by rotation.
• Remuneration of Statutory Auditors for 2026-27 fixed.
• Appointment of Parthajit De as Whole-Time Director (Finance).
• Appointment of Rajesh Kumar Chandel as Whole-Time Director (Projects).
• Appointment of Diwakar Nath Misra as Part-Time Official Director (Govt Nominee).
• Ratification of remuneration of Cost Auditor for 2026-27.
• Appointment of Arti Kujur as Independent Director (Special).

Dividend

• Interim dividend of Rs 1.15 per share paid; final dividend of Rs 0.35 per share approved.

Director Changes

• Parthajit De appointed Whole-Time Director (Finance) w.e.f. 19 March 2026.
• Rajesh Kumar Chandel appointed Whole-Time Director (Projects) w.e.f. 11 June 2026.
• Diwakar Nath Misra appointed Part-Time Official Director (Govt Nominee) w.e.f. 14 May 2026.
• Arti Kujur appointed Independent Director, effective 17 July 2026.
• Ajay Kumar Sharma re-appointed by rotation.

Auditors and Remuneration

• Statutory Auditor remuneration for 2026-27 fixed.
• Cost Auditor remuneration fixed at Rs 2,40,000 plus GST plus TA/DA.
• Cost Auditor: Balwinder & Associates (Shimla branch) appointed for 2026-27.

SJVN Limited: Trading Window closes Oct 01, 2026 and will reopen 48 hours after the declaration of financial results for the quarter and year ending Sep 30, 2026

Fines under SEBI LODR: breakdown and governance steps

• Board notes fines levied by BSE/NSE for SEBI LODR non-compliance.
• Total fines: Rs 11,39,000 basic; GST Rs 2,05,020; total payable Rs 13,44,020.
• Non-compliance period: quarter ended June 2026 across Regs 17–21; 27(2) 0.
• Reg 17(1) board composition: Rs 5,36,900 total (Rs 4,55,000 base, Rs 81,900 GST).
• Reg 17(2A): Rs 20,000 total.
• Reg 18(1) audit committee: Rs 2,14,760 total (Rs 1,82,000 base, Rs 32,760 GST).
• Reg 19(1)/19(2) nomination and remuneration: Rs 2,14,760 total (Rs 1,82,000 base, Rs 32,760 GST).
• Reg 20(2)/(2A) and Reg 21(2): Rs 1,77,000 each.
• Payment within 15 days; possible suspension if unresolved; board will report.

Commercial Operation Update

• Unit-II (660 MW) of Buxar TPS to achieve COD on 12 Sep 2026 at 00:00 HRS.
• Total project capacity 1,320 MW (2x660 MW) at Chausa, Bihar; 9,828.72 MU annual generation.

CMD extension at SJVN Limited

• Extension of Bhupender Gupta's additional CMD charge at SJVN Limited; CMD NHPC Limited; effective 01-Aug-2026 for six months.
• Reason: extension by Ministry of Power until regular incumbent assumes charge or further orders.
• Profile: Bhupender Gupta; BE Electrical, MBA; 34+ years in power CPSUs; CMD NHPC; hydro/thermal.
• Not related to board members; not debarred by SEBI or other authorities.

AGM details

• Date and mode: 31-08-2026, 15:00 HRS via VC/OAVM.
• Record date: 24-08-2026.

Key resolutions

• Resolution 1 (Ordinary): Adoption of Audited Standalone & Consolidated Financial Statements.
• Resolution 2 (Ordinary): Interim and final dividend for FY 2025-26.
• Resolution 3 (Ordinary): Re-appointment of Ajay Kumar Sharma by rotation.
• Resolution 4 (Ordinary): Fix remuneration of Statutory Auditors for FY 2026-27.
• Resolution 5 (Ordinary): Appointment of Parthajit De as Whole-Time Director (Finance).
• Resolution 6 (Ordinary): Appointment of Rajesh Kumar Chandel as Whole-Time Director (Projects).
• Resolution 7 (Ordinary): Appointment of Diwakar Nath Misra as Part-Time Official Director.
• Resolution 8 (Ordinary): Ratification of remuneration of Cost Auditor for FY 2026-27.
• Resolution 9 (Special): Appointment of Arti Kujur as Part-time Non-Official Independent Director.

Voting results

• Resolution 1: Passed; 99.24% in favour, 0.76% against.
• Resolution 2: Passed; 99.28% in favour, 0.72% against.
• Resolution 3: Passed; 96.34% in favour, 3.66% against.
• Resolution 4: Passed; 99.99% in favour, 0.01% against.
• Resolution 5: Passed; 97.81% in favour, 2.19% against.
• Resolution 6: Passed; 97.78% in favour, 2.22% against.
• Resolution 7: Passed; 96.33% in favour, 3.67% against.
• Resolution 8: Passed; 99.28% in favour, 0.72% against.
• Resolution 9: Passed; 97.27% in favour, 2.73% against.

Dividend

• Dividend approved: interim and final dividend for FY 2025-26.

Director changes

• Ajay Kumar Sharma retires by rotation; re-appointment offered.
• Parthajit De appointed as Whole-Time Director (Finance).
• Rajesh Kumar Chandel appointed as Whole-Time Director (Projects).
• Diwakar Nath Misra appointed as Part-Time Official Director.
• Arti Kujur appointed as Part-time Non-Official Independent Director.

Auditors and remuneration

• Remuneration of Statutory Auditors for FY 2026-27 approved.
• Remuneration of Cost Auditor for FY 2026-27 ratified.

Milestone

• Completed 72-hour trial run of 660 MW Unit-2.
• Unit-2 ready for commercial operation.

Project details

• Buxar project comprises two 660 MW units (1,320 MW total).
• Implemented by SJVN Thermal Private Limited, a wholly owned subsidiary.
• Unit-2 employs state-of-the-art supercritical technology for higher efficiency.

Generation outlook

• Fully commissioned generation expected at about 9,828.72 million units annually.

AGM details

• Date/time: 31 Aug 2026, 15:00 HRS, through VC/OAVM.
• Duration: 15:00–16:35 HRS.

Key resolutions

• Item 1 (Ordinary): Adopt standalone and consolidated financial statements and reports; results pending.
• Item 2 (Ordinary): Interim and final dividends; results pending.
• Item 3 (Ordinary): Re-appointment of director on rotation; results pending.
• Item 4 (Special): Fix remuneration of Statutory Auditors for FY2026-27; results pending.
• Item 5 (Ordinary): Appointment of Whole-Time Director (Finance); results pending.
• Item 6 (Ordinary): Appointment of Whole-Time Director (Projects); results pending.
• Item 7 (Ordinary): Appointment of Part-Time Official Director (GOI nominee); results pending.
• Item 8 (Ordinary): Ratify remuneration of Cost Auditor for FY2026-27; results pending.
• Item 9 (Special): Appointment of Part-time Non-Official Independent Director; results pending.

Dividend

• Interim dividend already declared: ₹1.15 per share; final ₹0.35 per share declared.

Regulatory fines

• Fine of ₹13,44,020 each imposed by BSE and NSE for non-compliance with SEBI Listing Regulations.
• Non-compliance due to insufficient Independent Directors affecting board and committee composition and quorum.
• Waiver request to stock exchanges to be submitted; no stated material impact on operations.
• Governance actions included reconstitution of board committees following appointment.

Governance changes and outlook

• Ministry of Power appointed Smt. Arti Kujur as independent director effective 17 July 2026.
• Committees reconstituted; company now compliant with Reg. 17(2A), 20(2/2A), and 21(2).
• Power to appoint/remove directors remains with President of India via Ministry of Power.
• Company intends to seek waiver of fines from stock exchanges.

COD and project details

• COD achieved for 75 MW Jamui Solar Project in Bihar via SGEL.
• Project cost ₹342 crore.
• Land area ~300 acres outright purchased near Hadhadiya, Jamui.
• Tariff fixed at ₹2.96 per unit.
• Expected generation: ~90 million units in year one.
• Total ~3,522 million units over 25 years.
• Power to be supplied to the State of Bihar.
• Direct and indirect employment: 15–20 and 50–100 respectively.
• Estimated CO2e emissions reduction: ~82,251 tonnes.
• Developed under BREDA tender; Government of Bihar.
• Supports GOI's 2030 target of 500 GW renewable energy.