SJVN shareholders approve ₹0.35 final dividend and new director appointments
- SJVN shareholders approved a final dividend of ₹0.35 per share for FY26
- Three new directors were appointed: Parthajit De, Rajesh Kumar Chandel, and Diwakar Nath Misra
- Artificial Intelligence impact and capex plans were key topics in shareholder Q&A
- Cost auditor remuneration was ratified at ₹2,40,000 plus GST for FY27
*this image is generated using AI for illustrative purposes only.
SJVN Limited shareholders approved a final dividend of ₹0.35 per equity share for FY26 during the 38th Annual General Meeting held on August 31, 2026. The meeting also ratified the appointment of three new directors and adopted the audited financial statements for the fiscal year ended March 31, 2026.
The AGM was conducted through video conferencing with 72 members present. The Chairman and Managing Director, Bhupender Gupta, addressed the members on industry outlook, operational performance, and corporate governance. The meeting commenced at 3:00 pm and concluded at 4:35 pm.
Dividend Approval
Shareholders confirmed the interim dividend of ₹1.15 per share declared in February 2026 and approved the final dividend of ₹0.35 per share. This brings the total dividend payout for FY26 to ₹1.50 per equity share. The final dividend will be paid to shareholders on the register as of the record date.
| Resolution | Subject | Votes For (%) | Votes Against (%) |
|---|---|---|---|
| No. 1 | Adoption of Financial Statements | 99.24 | 0.76 |
| No. 2 | Confirmation of Final Dividend | 99.28 | 0.72 |
| No. 3 | Re-appointment of Ajay Kumar Sharma | 96.34 | 3.66 |
| No. 4 | Fixing Statutory Auditor Remuneration | 99.99 | 0.01 |
| No. 5 | Appointment of Parthajit De (Finance) | 97.81 | 2.19 |
| No. 6 | Appointment of Rajesh Kumar Chandel (Projects) | 97.78 | 2.22 |
| No. 7 | Appointment of Diwakar Nath Misra (GoI Nominee) | 96.33 | 3.67 |
| No. 8 | Ratification of Cost Auditor Remuneration | 99.28 | 0.72 |
| No. 9 | Appointment of Arti Kujur (Independent Director) | 97.27 | 2.73 |
Board Composition Changes
The meeting approved several key appointments to the board. Parthajit De was appointed as Whole-Time Director (Finance), effective March 19, 2026. Rajesh Kumar Chandel was appointed as Whole-Time Director (Projects), effective June 11, 2026. Both appointments were made by the President of India under the Ministry of Power.
Diwakar Nath Misra was approved as a Part-Time Official Director (Government of India Nominee), effective May 14, 2026. Additionally, Arti Kujur was appointed as a Non-Official Independent Director, effective July 17, 2026. Ajay Kumar Sharma was re-appointed as a Director liable to retire by rotation.
Governance and Audit Matters
The Board of Directors was authorized to fix the remuneration of the Statutory Auditors for FY27. The remuneration of the Cost Auditors, M/s Balwinder & Associates, was ratified at ₹2,40,000 plus GST and travel allowances for FY27.
The Independent Auditor's Report and the comments of the Comptroller and Auditor General of India were taken as read. Shareholders raised queries regarding the company's role in the Viksit Bharat program, the impact of AI on operations, and capital expenditure plans for the next two years.
Historical Stock Returns for SJVN
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -1.04% | -6.18% | -8.74% | -10.52% | -34.23% | +108.85% |
How will the new appointments of Whole-Time Directors for Finance and Projects influence SJVN's capital expenditure strategy and project execution timelines in FY27?
What specific operational efficiencies or cost-saving measures is SJVN planning to implement in response to shareholder queries about the impact of AI on its operations?
Given the government's Viksit Bharat initiative, what new renewable energy or infrastructure projects is SJVN expected to bid for or develop over the next two years?
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