SJVN Limited has announced a key board change with the cessation of Dr. Udeeta Tyagi as Independent Director, effective April 16, 2026. The departure marks the completion of her tenure on the board of the Navratna Central Public Sector Enterprise.

Board Change Details

The company formally communicated the directorial change to both the National Stock Exchange of India Limited and BSE Limited through an official notification dated April 16, 2026. The cessation was announced in compliance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Regulatory Compliance

SJVN's announcement referenced the SEBI Master Circular titled "Master circular for compliance with the provisions of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 by listed entities" dated January 30, 2026. The notification was signed by Company Secretary Soumendra Das, ensuring proper corporate governance protocols were followed.

Company Profile

SJVN Limited operates as a joint venture between the Government of India and the Government of Himachal Pradesh. The company holds Navratna status among Central Public Sector Enterprises and maintains its registered and corporate office at the SJVN Corporate Office Complex in Shanan, Shimla, Himachal Pradesh. The power sector enterprise continues its operations with the updated board composition following Dr. Tyagi's departure.

SJVN Limited has announced a key leadership appointment with the naming of Shri Parthajit De as Chief Financial Officer (Key Managerial Personnel), effective April 10, 2026. The appointment was approved by the company's Board of Directors during their meeting held on the same date.

Appointment Details

The Board meeting, which commenced at 11:45 HRS and concluded at 14:25 HRS, formalized De's appointment in compliance with Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

Professional Background

Shri Parthajit De brings substantial experience to his new role as CFO of the Navratna company. He currently serves as Director (Finance) at SJVN Limited and has an extensive background in the power sector through his previous tenure at NHPC Limited.

Career at NHPC Limited

De began his career at NHPC as Trainee Officer (Finance) in November 1998, accumulating more than 27 years of experience in the organization. His responsibilities at NHPC included:

• In-charge of Corporate Accounts & Policy Section
• Corporate Tax Cell management
• Employment Benefit Trusts oversight
• Nominee Director on the Board of Loktak Downstream Hydroelectric Corporation Ltd.

Qualifications and Expertise

De holds impressive professional credentials that position him well for the CFO role:

Project and Corporate Experience

Throughout his career spanning more than 27 years, De has gained extensive expertise across core finance domains including Corporate Accounts, Taxation, Trusts and Contracts. His experience encompasses both project sites and corporate office roles:

Project Site Experience:

• Rangit Project, Sikkim
• Teesta Low Dam Projects, West Bengal
• Siang Basin Projects, Arunachal Pradesh
• Rural Roads Project, Bihar

Corporate Office Achievements:

• Headed the Committee for first-time adoption of Ind AS in 2016-17
• Led Corporate Accounts & Policy during nine consecutive years of NIL Comments from C&AG (2016-17 to date)
• Secured Silver Shield for Excellence in Financial Reporting in 2019-20
• Achieved Gold Shield in 2020-21 from Institute of Chartered Accountants of India
• Won Gold Medal for Best Presented Annual Report from South Asian Federation of Accountants in 2020-21

Strategic Value Addition

De's appointment comes with significant expertise in critical areas essential for power sector operations. His deep understanding encompasses Indian Accounting Standards, Taxation, Tariff Regulations and Corporate Governance, which are crucial for planning, development and operation of power projects. He was instrumental in the revision and updation of Finance Manuals of NHPC in 2022 and has created value through his in-depth knowledge of Tariff Regulations and Accounting Standards.

As a veteran finance professional, De is positioned to implement processes and systems that reduce risk, ensure business growth, optimize resource utilization and promote sustainable practices, integrity, compliance and transparency at SJVN Limited.