SJVN Limited declared a final dividend of ₹0.35 per equity share for the financial year ended March 31, 2026, during its 38th Annual General Meeting held on August 31, 2026. The Navratna Central Public Sector Enterprise also confirmed the interim dividend of ₹1.15 per share declared in February 2026.

The meeting, chaired by Chairman and Managing Director Bhupender Gupta, was conducted via video conferencing. Voting results released by scrutinizer Santosh Kumar Pradhan show that all nine resolutions were passed with requisite majority. The promoters cast 100% of their votes in favour across all resolutions.

Board Appointments

Shareholders approved several key board appointments through electronic voting:

• Parthajit De as Whole-Time Director (Finance)
• Rajesh Kumar Chandel as Whole-Time Director (Projects)
• Diwakar Nath Misra as Part-Time Official Director (Government of India Nominee)
• Arti Kujur as Part-Time Non-Official Independent Director

Additionally, Ajay Kumar Sharma was re-appointed as a director upon retirement by rotation. The remuneration for statutory auditors and cost auditors for FY27 was also ratified.

Voting Analysis

The voting pattern reveals distinct shareholder sentiment between promoter and public categories. While promoter group votes were uniformly in favour, public institutional investors showed significant dissent on specific director appointments.

Public institutional investors voted against the re-appointment of Ajay Kumar Sharma (51.52% against) and the appointment of Diwakar Nath Misra (51.97% against). However, the promoter group's full support ensured these resolutions passed. Non-institutional public shareholders largely supported all resolutions, with approval rates exceeding 94%.

Meeting Proceedings

The Directors' Report was taken as read. Management addressed shareholder queries regarding capital expenditure, future projects, safety measures, and corporate social responsibility initiatives. The e-voting facility remained open for 15 minutes post-meeting to allow eligible members to cast their votes.

SJVN subsidiary STPL has successfully completed the 72-hour trial run of 660 MW Unit-2 at the Buxar Thermal Power Plant on August 31, 2026, marking a key step toward commercial operation.

Key development details

The following table summarises the key details of this milestone:

Significance of the milestone

The successful completion of the 72-hour trial run represents a critical step in the commissioning process for STPL. A 72-hour continuous trial run is a standard requirement in the power sector before a generating unit is declared commercially operational, demonstrating the unit's ability to sustain stable generation over an extended period.

SJVN Chairman and Managing Director Bhupender Gupta stated that with the successful completion of the trial run, the company is now set for the commercial operation of Unit-2. Director (Finance) Parthajit De highlighted that this achievement strengthens SJVN's generation portfolio and reinforces its position as a multidimensional energy company.

The 1,320 MW Buxar Thermal Power Project, implemented by wholly owned subsidiary STPL, uses state-of-the-art supercritical technology. The project comprises two units of 660 MW each and is equipped with advanced emission control technology. Once fully commissioned, the project will generate approximately 9,828.72 million units of electricity annually.

Director (Projects) Rajesh Kumar Chandel described the completion as a significant achievement in SJVN's thermal power journey, while Director (Personnel) Ajay Kumar Sharma commended the team's professionalism and commitment despite various challenges.