SJVN Limited has announced the extension of Shri Bhupender Gupta’s additional charge as Chairman and Managing Director. The Ministry of Power approved the move on September 10, 2026.

The extension is effective from August 1, 2026, for a period of six months or until a regular incumbent assumes charge, whichever is earlier. This disclosure complies with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Leadership Transition Details

Shri Gupta currently serves as the CMD of NHPC Limited, India’s premier hydropower company. He initially took over the additional charge at SJVN on May 1, 2025. The Ministry of Power confirmed he is not related to any director on the board and is not debarred by SEBI or other authorities.

Professional Background

Shri Gupta holds a bachelor’s degree in electrical engineering and an MBA in Operations Management. His career spans over 34 years, including 31 years in power CPSEs. Key milestones include:

• SJVN Limited: Joined in 1995; served for 12 years. Oversaw planning and commissioning of the 1500 MW Nathpa Jhakri Hydro Power Plant.
• REC Ltd: Joined in March 2007. Associated with project financing for hydro and thermal projects for six years. Later served as Additional CEO for REC Transmission Projects Co. Ltd. and REC Power Distribution Co. Ltd.
• Bhutan Projects: Served on deputation at the 1020 MW Tala Hydroelectric Power Project (2002–2005) and later as Director (Technical) at Punatsangchhu Hydroelectric Project Authority (from December 2020).
• THDCIL: Joined as Director (Technical) on June 9, 2023. Facilitated commercial operation of Unit-1 (660 MW) of Khurja STPP and Units 1 & 2 (250 MW each) of Tehri PSP.

Strategic Vision

The filing outlines Shri Gupta’s focus on addressing India’s growing power demand through non-fossil fuel-based resources. The vision emphasizes energy security and sustainable targets via:

• Integration of Artificial Intelligence (AI)
• EV integration into the grid
• Cybersecurity and digital protection
• Green hydrogen, bioenergy, and energy storage

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.