SJVN Limited, a Navratna Central Public Sector Enterprise and a Joint Venture of the Government of India and the Government of Himachal Pradesh, has informed the stock exchanges of a key boardroom development. In compliance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, the company disclosed that the Ministry of Power, through its order dated May 12, 2026, has entrusted the additional charge of the post of Director (Projects) to Shri Suprakash Adhikari, Director (Technical) at NHPC Limited. Shri Adhikari formally assumed charge in this capacity with effect from May 12, 2026.

Appointment Details

The key parameters of this board-level appointment are summarised below:

Shri Adhikari is not related to any director on the Board of SJVN Limited and is not debarred from holding the office of Director by virtue of any order of the Securities and Exchange Board of India or any other such authority.

Cessation of Previous Director

Alongside this appointment, SJVN Limited also disclosed that the Ministry of Power, through its order dated May 12, 2026, conveyed the non-extension of the tenure of Shri Sushil Sharma (DIN: 08776440) as Director (Projects), SJVN Limited beyond July 31, 2025. Accordingly, Shri Sushil Sharma ceased to be Director (Projects) of SJVN Limited with effect from July 31, 2025.

Profile of Shri Suprakash Adhikari

Shri Suprakash Adhikari holds a Bachelor of Engineering degree in Electrical Engineering from the Indian Institute of Engineering, Science and Technology, Shibpur (formerly B.E. College, Shibpur). He commenced his professional career at NHPC Limited as a Probationary Executive (Electrical) in December 1990 and brings over 36 years of experience in the implementation of hydro projects, spanning all areas of hydropower development from inception to commissioning, as well as Operation and Maintenance (O&M).

Shri Adhikari has been serving as Director (Technical) of NHPC Limited since April 16, 2025. He also chairs the Board of Bundelkhand Saur Urja Limited, a Joint Venture of NHPC and UPNEDA. Prior to joining the NHPC Board, he headed several key divisions as Executive Director. His notable contributions include:

• Led operational excellence initiatives as Head of the O&M Division at NHPC Ltd., resulting in record annual generation, highest-ever Plant Availability Factor (PAF), and reduced forced outages
• Held additional charge of the Design (E&M) Division, contributing to the design and engineering of E&M packages for NHPC's hydro and pumped storage projects
• Oversaw the successful commissioning of the 800 MW Parbati-II Hydro Electric Project and four units (4 x 250 MW) of the Subansiri Lower HE Project (2000 MW)
• Supervised the successful commissioning of a 300 MW Solar Power Plant at Bikaner
• Headed NHPC's Projects/Power Stations including 540 MW Chamera-I, 120 MW Sewa-II, 45 MW Nimoo Bazgo, 132 MW TLD-III, and 60 MW Rangit Power Station
• Successfully led the restoration and re-tunnelling of the completely damaged Head Race Tunnel (HRT) of Sewa-II Power Station, completed ahead of schedule

Regulatory Disclosure

This disclosure was made by SJVN Limited's Company Secretary, Shri Soumendra Das, on May 13, 2026, in accordance with applicable listing regulations. The company is registered and headquartered at SJVN Corporate Office Complex, Shanan, Shimla – 171006, Himachal Pradesh.

SJVN Limited, a Navratna Central Public Sector Enterprise and a joint venture of the Government of India and the Government of Himachal Pradesh, has notified the stock exchanges of a change in its board composition. The company informed that Shri Mohammad Afzal, who served as Joint Secretary at the Ministry of Power and as a Nominee Director of the Government of India on the company's board, has ceased to hold the position of Director with effect from April 30, 2026.

Director Cessation Details

The company received a communication from the Ministry of Power, Government of India, via email on May 5, 2026, regarding the development. The cessation is pursuant to Office Order No. 2-20/15/2022-ADMN-II(MoP) dated April 28, 2026, issued by the Ministry of Power, Government of India, under which Shri Mohammad Afzal was relieved of his duties with effect from April 30, 2026.

The key details of the board change are summarised below:

Regulatory and Statutory Basis

The disclosure was made in compliance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The cessation is also governed by the company's Articles of Association. Specifically, Article No. 33(d) of the Articles of Association states that "A Director representing a Ministry of the Government of India or any Administrative Department of the Government of Himachal Pradesh shall retire on his ceasing to be an officer of that Ministry/Administrative Department." Accordingly, upon being relieved from his duties at the Ministry of Power, Shri Mohammad Afzal automatically ceased to be a Director of SJVN Limited.

Company Background

SJVN Limited is a Navratna CPSE incorporated under CIN L40101HP1988GOI008409, with its registered and corporate office located at SJVN Corporate Office Complex, Shanan, Shimla – 171006, Himachal Pradesh. The filing was digitally signed by Soumendra Das, Company Secretary, on May 5, 2026.