SJVN Limited has announced the extension of additional charge of Chairman & Managing Director to Shri Bhupender Gupta, as communicated to stock exchanges under Regulation 30 of SEBI Listing Regulations. The Ministry of Power issued the order on January 30, 2026, extending his tenure in the additional capacity.

Leadership Extension Details

The key parameters of the leadership extension are outlined below:

Shri Bhupender Gupta currently serves as Chairman & Managing Director of NHPC Limited, India's premier hydropower company and a Navratna Enterprise, a position he assumed on September 4, 2025. The company has confirmed that he is not related to any director on the Board and is not debarred from holding directorial positions.

Professional Background and Experience

Shri Bhupender Gupta brings extensive experience to the role, with over 34 years in the industry including 31 years in Power CPSUs. His educational qualifications include a bachelor's degree in electrical engineering and an MBA in Operations Management.

Career Progression

His professional journey encompasses diverse roles across the power sector:

• Early Career (1991-1995): Started with ACC Ltd before joining SJVN in 1995
• SJVN Tenure (1995-2007): Served for 12 years in various positions, responsible for planning, erection, commissioning, and O&M of electromechanical equipment for the 1500 MW Nathpa Jhakri Hydro Power Plant
• International Assignment: Served on deputation in Bhutan with the 1020 MW Tala Hydroelectric Power Project for approximately three years (2002-2005)
• REC Limited (2007-2020): Joined as project financing specialist for hydro and thermal projects, later serving as Additional CEO in REC subsidiaries

Recent Leadership Roles

Shri Gupta's recent executive positions demonstrate his expertise in complex power projects:

During his tenure at THDCIL, he provided strategic leadership in addressing commissioning challenges and Covid-19 impacts. His guidance enabled successful commissioning of Unit-1 and Unit-2 (250 MW each) of Tehri PSP, with balance units scheduled for commissioning.

Strategic Vision

Shri Gupta's future vision focuses on addressing India's growing power demand through non-fossil fuel-based resources, aiming to enhance energy security. His strategic approach emphasizes:

• Meeting sustainable energy targets through Artificial Intelligence integration
• Adoption of emerging technologies including EV grid integration
• Focus on cybersecurity and digital protection
• Development of green hydrogen and bioenergy solutions
• Implementation of advanced energy storage systems

The extension ensures continuity in SJVN's leadership during the transition period while the company seeks a full-time Chairman & Managing Director.

SJVN Limited has announced a change in its senior management structure due to executive superannuation. The power generation company informed stock exchanges about this development in compliance with regulatory disclosure requirements.

Management Transition Details

The company reported that Anil Kumar has ceased his position in the senior management team due to superannuation. The transition became effective from the close of business hours on January 30, 2026.

Regulatory Compliance

SJVN made this disclosure in accordance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The announcement 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 November 11, 2024.

Corporate Communication

The formal communication was signed by Soumendra Das, Company Secretary of SJVN Limited, and was simultaneously sent to both the National Stock Exchange of India Limited and BSE Limited. This dual notification ensures comprehensive market awareness of the management change across major Indian stock exchanges.