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.

SJVN 's flagship Nathpa Jhakri Hydro Power Station has achieved a historic operational milestone by generating 150 billion units of electricity. This significant achievement was celebrated in the presence of senior leadership, marking a major accomplishment for India's largest underground hydro power station.

Leadership Recognition and Celebrations

Sh. Bhupender Gupta, Chairman & Managing Director of SJVN, congratulated the team at Nathpa Jhakri Hydro Power Station on achieving this historic milestone. Celebrations were held at the Power House with Sh. Bhupender Gupta and Sh. Ajay Kumar Sharma, Director (Personnel), along with senior SJVN officials present on the occasion.

Operational Excellence and Performance Records

Since its commissioning in May 2004, the Nathpa Jhakri Hydro Power Station has consistently demonstrated exceptional operational reliability. Speaking at the celebration event, Sh. Bhupender Gupta highlighted that the facility "has emerged as a cornerstone of the northern power grid, delivering dependable green energy and ensuring grid stability during peak demand periods."

The station has achieved several notable performance benchmarks throughout its operational history:

Environmental Impact and Clean Energy Contribution

The 150 billion units milestone carries significant environmental value, representing the displacement of large volumes of fossil-fuel-based generation and consequent reduction in greenhouse gas emissions. The station remains integral to India's clean energy transition and climate commitments, contributing substantially to the country's renewable energy portfolio.

Stakeholder Appreciation and Regional Development

Sh. Ajay Kumar Sharma, Director (Personnel), SJVN, lauded the efforts of all present and past employees associated with the power station, noting that the project has ushered in an era of development and economic growth in the region. Sh. Rajeev Kapoor, Head of Project, NJHPS, expressed gratitude for the support from SJVN management, Ministry of Power, and Government of Himachal Pradesh.

The facility continues to benefit from systematic modernization, digital monitoring, and rigorous maintenance practices. Beyond power generation, the project has contributed to regional socio-economic development through employment creation and infrastructure growth, demonstrating the strategic importance of hydropower in India's energy landscape.