SJVN Limited appointed Shri Raman Gharsanghi as a Part-time Official Director on its Board of Directors with immediate effect. The appointment was made pursuant to an order issued by the Ministry of Power on October 12, 2026.

Gharsanghi serves as the Joint Secretary (Power) for the Government of Himachal Pradesh. He joins the board as the Government of Himachal Pradesh nominee, reflecting the company's status as a joint venture between the Government of India and the Government of Himachal Pradesh.

Regulatory Compliance

The disclosure was filed in compliance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company confirmed that Gharsanghi is not related to any other director currently serving on the board.

Additionally, SJVN stated that the newly appointed director is not debarred from holding the office of Director by any order of the Securities and Exchange Board of India or other relevant authorities. A brief profile of the director will be provided in due course.

Appointment Details

SJVN Limited shareholders approved a final dividend of ₹0.35 per equity share for FY26 during the 38th Annual General Meeting held on August 31, 2026. The meeting also ratified the appointment of three new directors and adopted the audited financial statements for the fiscal year ended March 31, 2026.

The AGM was conducted through video conferencing with 72 members present. The Chairman and Managing Director, Bhupender Gupta, addressed the members on industry outlook, operational performance, and corporate governance. The meeting commenced at 3:00 pm and concluded at 4:35 pm.

Dividend Approval

Shareholders confirmed the interim dividend of ₹1.15 per share declared in February 2026 and approved the final dividend of ₹0.35 per share. This brings the total dividend payout for FY26 to ₹1.50 per equity share. The final dividend will be paid to shareholders on the register as of the record date.

Board Composition Changes

The meeting approved several key appointments to the board. Parthajit De was appointed as Whole-Time Director (Finance), effective March 19, 2026. Rajesh Kumar Chandel was appointed as Whole-Time Director (Projects), effective June 11, 2026. Both appointments were made by the President of India under the Ministry of Power.

Diwakar Nath Misra was approved as a Part-Time Official Director (Government of India Nominee), effective May 14, 2026. Additionally, Arti Kujur was appointed as a Non-Official Independent Director, effective July 17, 2026. Ajay Kumar Sharma was re-appointed as a Director liable to retire by rotation.

Governance and Audit Matters

The Board of Directors was authorized to fix the remuneration of the Statutory Auditors for FY27. The remuneration of the Cost Auditors, M/s Balwinder & Associates, was ratified at ₹2,40,000 plus GST and travel allowances for FY27.

The Independent Auditor's Report and the comments of the Comptroller and Auditor General of India were taken as read. Shareholders raised queries regarding the company's role in the Viksit Bharat program, the impact of AI on operations, and capital expenditure plans for the next two years.