SJVN has entered into a tripartite agreement with Alankit Assignments Limited and MAS Services Limited on March 20, 2026. The agreement facilitates the transition of Registrar and Transfer Agent (RTA) services from Alankit Assignments Limited to MAS Services Limited.

Regulatory Compliance

The tripartite agreement has been executed in compliance with Regulation 7 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. SJVN informed the stock exchanges about this development on March 25, 2026, in continuation to their earlier disclosure dated January 23, 2026.

RTA Transition Structure

The tripartite arrangement involves SJVN as the company, Alankit Assignments Limited as the erstwhile RTA, and MAS Services Limited as the new RTA. This structure ensures a smooth transition of registrar and transfer agent services while maintaining regulatory compliance and operational continuity.

Corporate Communication

SJVN's Company Secretary Soumendra Das communicated the agreement details to both the National Stock Exchange of India Limited and BSE Limited. The company has requested the stock exchanges to take this information on record as part of their ongoing disclosure obligations.

SJVN has achieved a significant operational milestone with its 1,000 MW Bikaner Solar Power Project reaching 1 billion units of power generation on March 20, 2026. This achievement marks a major accomplishment for the company's renewable energy operations and demonstrates the project's successful performance since achieving Commercial Operation Date (COD) on December 24, 2025.

Project Performance and Implementation

The Bikaner Solar Power Project has successfully generated 1 billion units of electricity, showcasing exceptional operational efficiency within just three months of commercial operations. The project is being implemented through SJVN's wholly owned subsidiary, SJVN Green Energy Limited (SGEL), under the Central Public Sector Undertaking (CPSU) Scheme – Phase II, Tranche III of the Ministry of New and Renewable Energy (MNRE).

Future Generation Projections

The project is expected to generate approximately 2,454.55 million units (MU) of electricity in its first year and about 56 billion units cumulatively over 25 years. Over its operational life, it is projected to reduce carbon emissions by approximately 2.78 million tonnes, contributing significantly to environmental sustainability. The generated electricity will be supplied to the states of Rajasthan, Jammu & Kashmir, and Uttarakhand.

Management Commentary

The Chairman & Managing Director of SJVN Limited emphasized that "The achievement of 1 Billion Units generation from our 1000 MW Bikaner Solar Power Project is a testament to SJVN's strong commitment towards accelerating India's clean energy transition. This milestone reflects our technical excellence and operational efficiency in executing large-scale renewable energy projects."

The Director (Personnel) of SJVN noted that "This milestone underscores SGEL's capability to deliver large-scale solar projects within stipulated timelines and achieve early generation benchmarks. The Bikaner project stands as a model for future renewable projects in terms of scale, efficiency, and environmental impact."

Project Significance

The foundation stone of the project was laid by the Hon'ble President of India, Droupadi Murmu, on January 3, 2023, at Jaipur. Reaching this generation milestone reflects the project's consistent operational performance and the company's technical expertise in managing large-scale solar installations, supporting India's clean energy objectives and the Government's vision of achieving 500 GW of non-fossil fuel capacity.