Jaiprakash Power Ventures shareholders approve all 11 AGM resolutions

Jaiprakash Power Ventures shareholders approved all 11 ordinary and special resolutions at its 31st Annual General Meeting (AGM) held on July 30, 2026, via Video Conferencing. The meeting, chaired by Whole Time Director Savan Jayendra Patel, secured consent for key board appointments, adoption of FY26 financial statements, and director remuneration structures. Of the 25,04,898 shareholders on record, 129 attended virtually, comprising one promoter group member and 128 public shareholders.

The proceedings complied with Section 108 of the Companies Act, 2013, Rule 20 of the Companies (Management and Administration) Rules, 2014, Secretarial Standard-2, and Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Additional compliance references included SEBI Circular No. SEBI/HO/CFD/CFD-PoD2/P/CIR/2024/133 dated October 3, 2024, Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/2023/120 dated July 11, 2023, Circular No. SEBI/HO/CFD/CFD-PoD-2/P/CIR/2023/167 dated October 7, 2023, and Master Circular No. SEBI/HO/MIRSD/PoD-1/P/CIR/2024/37 dated May 7, 2024. Amit Agrawal (FCS 5311) served as Scrutinizer, with Vishal Lochan Aggarwal (FCS 7241) as Alternate Scrutinizer.

Board Appointments and Financial Approvals

Shareholders passed three Special Resolutions to appoint Shruti Anup Shah, Jayant Misra, and Mukesh M. Shah as Independent Directors. Two Ordinary Resolutions approved Savan Jayendra Patel as Executive Director designated as Whole-Time Director, and Jayadeb Nanda and Naresh Telgu as Non-Executive, Non-Independent Directors. The audited standalone and consolidated financial statements for the year ended March 31, 2026, were adopted with 97.31% support.

Resolution Type	Key Approval	Votes In Favour	Votes Against	Status
Ordinary	Adoption of Audited Financials for FY26	97.31%	2.69%	Passed
Ordinary	Ratification of Cost Auditors Remuneration	99.99%	0.01%	Passed
Ordinary	Appointment of Savan Jayendra Patel (WTD)	99.59%	0.41%	Passed
Ordinary	Appointment of Jayadeb Nanda (Non-Exec)	98.46%	1.54%	Passed
Ordinary	Appointment of Naresh Telgu (Non-Exec)	99.56%	0.44%	Passed
Special	Appointment of Shruti Anup Shah (Indep)	94.56%	5.44%	Passed
Special	Appointment of Jayant Misra (Indep)	99.99%	0.01%	Passed
Special	Appointment of Mukesh M. Shah (Indep)	97.89%	2.11%	Passed

Remuneration Resolutions

Three resolutions concerning director remuneration received substantial support. Shareholders approved Ordinary Resolutions to pay commission-based remuneration to former Executive Directors and Non-Executive Directors who served in FY25. A separate Special Resolution authorized payment of remuneration by way of commission to one former Non-Executive Director exceeding fifty percent of the total commission payable to all Non-Executive Directors. All three remuneration-related resolutions secured approximately 88% support, with around 12% of valid votes cast against them.

What the Numbers Show

The voting data reveals a distinct pattern in shareholder sentiment regarding governance versus compensation. While board appointments and financial audits near-unanimously passed (with support ranging from 94.56% to 99.99%), the remuneration resolutions for former directors faced notable resistance, with opposition hovering between 11.87% and 11.96%. This divergence suggests that while investors broadly support the company’s strategic leadership changes and financial transparency, there is heightened scrutiny or dissatisfaction regarding the retrospective compensation packages for outgoing management.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+1.64%	-0.29%	-2.75%	+16.40%	-19.18%	+268.51%

Jaiprakash Power Ventures has notified the stock exchanges of the departure of Smt. Vandana R. Singh from its Board of Directors. The Independent Director will cease to hold office effective July 26, 2026, after completing her maximum permissible tenure under corporate governance regulations. This transition ensures compliance with Section 149(11) of the Companies Act, 2013, which limits independent directors to two consecutive terms.

The company filed the disclosure with the National Stock Exchange of India Ltd and BSE Limited on July 25, 2026, in accordance with Regulation 30 of the SEBI (LODR) Regulations, 2015. The filing confirms that Singh’s exit follows the conclusion of her second three-year term. Her Director Identification Number (DIN) is 03556920.

Key Details of Cessation

Parameter	Detail
Director Name	Smt. Vandana R. Singh
Designation	Independent Director
DIN	03556920
Reason for Exit	Completion of maximum tenure
Effective Date	July 26, 2026
Regulatory Basis	Section 149(11), Companies Act, 2013

Mahesh Kumar Chaturvedi, General Manager and Company Secretary of Jaiprakash Power Ventures, signed the disclosure letter. He holds FCS number 3188. The communication was addressed to the Listing Departments of both major Indian exchanges, requesting that the information be taken on record.

What This Means for Governance

The departure marks a routine governance event driven by statutory tenure limits rather than performance or strategic shifts. Companies must now initiate the process to appoint a successor Independent Director to maintain the required composition of the Board. Until a new appointment is made and approved by shareholders if required, the Board may operate with a vacancy or under any transitional arrangements permitted by its articles of association.