SJVN Limited has announced a key leadership appointment with Shri Parthajit De taking charge as Whole-time Director (Finance) effective March 19, 2026. The appointment comes through a Ministry of Power order and marks a significant addition to the Navratna company's senior management team.

Appointment Details

The Ministry of Power, through order No. 15/23/2024-H.II (271755) dated March 18, 2026, has appointed Shri Parthajit De (DIN: 11219972) to the position for a five-year term. The appointment is effective from the date of assumption of charge on March 19, 2026, or until further orders, whichever is earlier.

Leadership Transition

Consequent to this appointment, Shri Sipan Kumar Garg (DIN: 10746205) ceases to hold the additional charge of Director (Finance) and Chief Financial Officer positions at the company. The company has confirmed that the newly appointed director is not related to any existing board member and is not debarred from holding directorial positions by SEBI or any other regulatory authority.

Professional Background

Shri Parthajit De brings extensive financial expertise to SJVN, with nearly 30 years of post-qualification experience as a Fellow Member of the Institute of Cost Accountants of India (ICMAI). He is also a Chartered Financial Analyst and holds CGMA certification from the Chartered Institute of Management Accountants, UK.

Career Highlights at NHPC Limited

Prior to joining SJVN, Shri De served in senior positions at NHPC Limited, where he was in-charge of Corporate Accounts & Policy Section, Corporate Tax Cell, and Employment Benefit Trusts at the Corporate Office. His responsibilities included:

• Serving as nominee Director on the Board of Loktak Downstream Hydroelectric Corporation Ltd.
• Leading the Committee for first-time adoption of Indian Accounting Standards (Ind AS) in 2016-17
• Heading Corporate Accounts & Policy division
• Managing corporate taxation and trust operations

Expertise and Achievements

Shri De's professional journey spans over 27 years in the power sector, beginning as a Trainee Officer (Finance) at NHPC in November 1998. His expertise covers multiple domains including corporate accounts, taxation, trusts, and contracts, with deep understanding of Indian Accounting Standards, taxation, tariff regulations, and corporate governance.

Notable Accomplishments

During his tenure at NHPC, Shri De achieved several significant milestones:

Strategic Value Addition

With his extensive experience across project sites and corporate offices, including assignments at Rangit Project in Sikkim, Teesta Low Dam Projects in West Bengal, Siang Basin Projects in Arunachal Pradesh, and Rural Roads Project in Bihar, Shri De brings comprehensive operational and financial expertise to SJVN. His appointment is expected to strengthen the company's financial management capabilities and support its growth initiatives in the power sector.

SJVN Limited has announced a change in its board composition with the cessation of Dr. Shashikant Jagannath Wani from his position as Independent Director. The company informed both the National Stock Exchange of India Limited and BSE Limited about this development through an official communication dated March 12, 2026.

Board Composition Change

The cessation of Dr. Wani's directorship is attributed to the completion of his tenure as an Independent Director. The change became effective on March 12, 2026, marking the end of his association with the company's board.

Regulatory Compliance

The announcement was made in strict compliance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosure also references 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.

Company Background

SJVN Limited operates as a joint venture between the Government of India and the Government of Himachal Pradesh. The company holds the prestigious Navratna status among Central Public Sector Enterprises, reflecting its operational excellence and strategic importance in India's power sector. The company is listed on both major Indian stock exchanges with NSE symbol SJVN-EQ and BSE scrip code 533206.

The formal communication was signed by Soumendra Das, Company Secretary of SJVN Limited, ensuring proper documentation of the board change for regulatory and investor records.