SJVN Limited, a prominent player in the energy sector, has announced a significant move towards expanding its renewable energy portfolio. The company's Board of Directors has given the green light for a Joint Venture Agreement with Indian Oil Corporation Limited (IOCL), aimed at developing Green RTC (Round The Clock) and Renewable Projects, along with other New Technology based initiatives.

Key Details of the Joint Venture

• Partnership Structure: The joint venture will be an equal partnership, with SJVN and IOCL each holding a 50% stake.
• Capital Structure:

  Component	Amount
  Authorized Capital	₹250.00 crores
  Initial Paid-up Capital	₹2.00 crores
  Share Details	20 lakh shares at ₹10.00 each

Regulatory Approvals

The formation of this new entity is subject to approvals from several government bodies:

• Ministry of Power
• NITI Aayog
• Department of Investment and Public Asset Management

Strategic Implications

This collaboration between SJVN and IOCL, both Government of India promoted companies, marks a significant step in the country's push towards sustainable energy solutions. The joint venture is poised to leverage the expertise of both entities in developing cutting-edge renewable energy projects and exploring new technologies in the sector.

Transaction Nature

Given that both SJVN and IOCL are promoted by the Government of India, this joint venture formation is classified as a related party transaction. However, it's important to note that the deal has been structured on an arm's length basis, ensuring fairness and transparency in the agreement.

The partnership between SJVN and IOCL represents a strategic alignment of resources and expertise in the renewable energy sector. As India continues to prioritize green energy initiatives, this joint venture is well-positioned to contribute significantly to the country's sustainable energy goals.

SJVN Limited, a joint venture between the Government of India and the Government of Himachal Pradesh, has announced important dates for its shareholders regarding the final dividend for the financial year 2024-25.

Key Details

• Record Date: September 18, 2025
• Dividend Amount: ₹0.31 per equity share
• Annual General Meeting: Scheduled for September 25, 2025

Dividend Announcement

The Board of Directors of SJVN Limited has fixed Thursday, September 18, 2025, as the Record Date for determining shareholder eligibility for the final dividend. This decision was made in compliance with Regulation 42 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Shareholder Eligibility

Shareholders whose names appear on the Register of Members of the Company at the close of business on September 18, 2025, will be eligible for the final dividend payment, subject to approval at the upcoming Annual General Meeting (AGM).

Annual General Meeting

The 37th Annual General Meeting of SJVN Limited is scheduled to be held on Thursday, September 25, 2025, at 15:00 HRS. The meeting will be conducted through Video Conferencing / Other Audio-Visual Means (OAVM) facility provided by Central Depository Services (India) Limited (CDSL).

Book Closure

The Register of Members and Share Transfer books of the Company will remain closed from September 19, 2025 (Friday) to September 25, 2025 (Thursday), both days inclusive, for the purpose of the 37th AGM and for determining the entitlement to the Final Dividend.

E-Voting Information

Shareholders are informed that the company has provided the facility to cast their votes electronically on all resolutions set forth in the AGM Notice. The remote e-voting period will commence on September 22, 2025, and end on September 24, 2025, at 17:00 HRS.

SJVN Limited, a Navratna CPSE (Central Public Sector Enterprise), continues to maintain transparency in its operations and ensure timely communication with its shareholders. The company's commitment to good corporate governance is evident in its prompt disclosure of important dates and procedures related to dividend distribution and the Annual General Meeting.

Investors and shareholders are advised to take note of these important dates and follow the instructions provided by the company for participation in the AGM and e-voting process.