SJVN Limited Announces 38th AGM; Approves Dividend, Ratifies Auditor Remuneration, and Appoints New Directors

SJVN Limited Announces 38th AGM; Approves Dividend, Ratifies Auditor Remuneration, and Appoints New Directors​

SJVN Limited announced that its 38th Annual General Meeting (AGM) is scheduled for August 31, 2026. The company will host the meeting through Video Conferencing (VC)/Other Audio-Visual Means (OAVM). The AGM agenda includes critical business items such as the adoption of annual financial statements and the declaration of a final dividend, alongside several key director appointments.

The board has fixed August 24, 2026, as the Record Date for determining eligibility for the payment of Final Dividend.

Financial Decisions and Shareholder Voting Details​

Key resolutions set for shareholder approval include the adoption of the Audited Standalone and Consolidated Financial Statements for the financial year ended March 31, 2026. Shareholders will also confirm the payment of Interim Dividend at ₹1.15 per share.

A significant resolution is the declaration of a Final Dividend amounting to ₹0.35/- per equity share for the financial year 2025-26. The company's management has put forward these items for approval by its members.

Members are provided with remote e-Voting facility to vote on all resolutions set out in the Notice. The remote e-Voting period will commence on Friday, August 28, 2026, at 9:00 AM and concludes on Sunday, August 30, 2026, at 5:00 PM.

Director Appointments and Ratification​

The AGM agenda features multiple appointments and the ratification of professional services for the company.

New Director Appointments:
Three new directors are scheduled to be appointed:

• Shri Parthajit De (DIN 11219972) as a Whole-Time Director (Finance).
• Shri Rajesh Kumar Chandel (DIN 11765540) as a Whole-Time Director (Projects).
• Shri Diwakar Nath Misra (DIN 07464700) as a Part-Time Official Director (Government of India Nominee).

Smt. Arti Kujur (DIN 11834249) is also scheduled for appointment as a Part-Time Non-Official (Independent) Director.

Cost Auditor Ratification:
Members are requested to ratify the remuneration of Cost Auditors for the financial year 2026-27. The Board, in its meeting held on July 31, 2026, accorded approval for the re-appointment of M/s Balwinder & Associates as Cost Auditors for a total fee of ₹2,40,000/- plus GST, along with TA/DA.

Director Profiles​

The board provided detailed profiles for the proposed appointments:

Key Details of Appointments​

Shri Parthajit De: Appointed as Whole-Time Director (Finance), he is a Fellow Member of the Institute of Cost Accountants of India and holds a Chartered Financial Analyst qualification. His experience spans over 27 years in finance at NHPC, focusing on areas like Corporate Accounts, Taxation, Trusts, and Contracts.

Shri Rajesh Kumar Chandel: Appointed as Whole-Time Director (Projects), Shri Chandel is a Civil Engineer with over 32 years of experience in the power sector. His expertise includes planning, construction management, and execution of hydroelectric projects across India, Nepal, and Bhutan.

Shri Diwakar Nath Misra: Appointed as Part-Time Official Director (Government of India Nominee), Shri Misra is a civil servant with over two decades of experience in various sectors, including power and petroleum & natural gas at the Government of India level. He holds directorships with NHPC Limited.

Smt. Arti Kujur: Appointed as Part-Time Non-Official (Independent) Director, Smt. Kujur holds qualifications including MA in Political Science and LL.B., offering expertise gained from her tenure working on administrative matters related to rural and tribal areas during her service with the Ranchi Zila Parishad.

Shareholding Information​

The notice also provided details regarding dividend payment eligibility:

• Final Dividend Rate: ₹0.35/- per equity share.
• Record Date: August 24, 2026.

Additionally, the AGM requires the re-appointment of Shri Ajay Kumar Sharma as Director, who is liable to retire by rotation, and he holds 100 Equity Shares in the company as on March 31, 2026.

E-Voting Facility Details​

The company is facilitating remote e-voting for all members via a dedicated platform operated by CDSL/NSDL. The voting window allows shareholders holding shares in physical or dematerialized form (as on August 24, 2026) to cast their votes. Instructions were provided detailing various login methods for individual and non-individual shareholders.