Key Details

AGM Information

The 31st Annual General Meeting of Jaiprakash Power Ventures Limited will be held on Thursday, 30th July, 2026 at 11:30 A.M. (IST) through Video Conference/Other Audio-Visual Means.

Addendum Reason

The explanatory statement relating to certain disclosures on the brief profiles of the directors proposed to be appointed, as required under Secretarial Standard on General Meetings (SS-2) issued by ICSI, was inadvertently omitted from the original AGM Notice due to an administrative oversight.

Business Items for Approval

Ordinary Business

1. To receive, consider and adopt the Audited Standalone and Consolidated Financial Statements for FY 2025-26

Special Business

2. Ratification of Cost Auditor Remuneration: ₹2,00,000/- (Rupees Two Lakhs only) exclusive of applicable Tax/GST and out-of-pocket expenses payable to M/s. Sanjay Gupta & Associates, Cost Accountants (Firm Registration Number 000212) for FY 2026-27

3. Appointment of Shri Savan Jayendra Patel (DIN: 02687808) as Executive Director designated as Whole-time Director for 3 years from 22 May 2026 to 21 May 2029. No remuneration, commission, sitting fees, perquisites or reimbursement of expenses during tenure. Currently serves as Chief Commercial Officer of Adani Power Limited. Age: 52 years, Qualifications: Chartered Accountant.

4. Appointment of Shri Jayadeb Nanda (DIN: 06578925) as Non-Executive, Non-Independent Director. No commission, sitting fees or reimbursement of expenses. Former COO of Adani Power, 34 years power sector experience. Age: 68 years, Qualifications: Bachelor's degree in Electrical Engineering.

5. Appointment of Shri Naresh Telgu (DIN: 01994368) as Non-Executive, Non-Independent Director. No remuneration, commission, sitting fees, perquisites or reimbursement of expenses. Leads Adani Group's pumped storage and hydro projects. Age: 53 years, Qualifications: Bachelor's in Electrical Engineering and MBA in Finance. Holds directorships in 6 Adani hydro companies.

6. Appointment of Smt. Shruti Anup Shah (DIN: 08337714) as Independent Director for 3 years from 1st July, 2026 to 30th June, 2029 (Special Resolution). Chartered Accountant, age 45 years. Current directorships: Balkrishna Industries, Kalyani Steels, Orient Cement, ACC Limited, etc.

7. Appointment of Shri Jayant Misra (DIN: 11277894) as Independent Director for 3 years from 1st July, 2026 to 30th June, 2029 (Special Resolution). Former IRS officer, age 69 years. Qualifications: MA, MBA (Finance), LLB. Current directorship: Gujarat State Petronet Limited.

8. Appointment of Shri Mukesh M. Shah (DIN: 00084402) as Independent Director for 3 years from 1st November, 2026 to 31st October, 2029 (Special Resolution). Chartered Accountant, age 73 years. Special approval sought for continuation after attaining 75 years during tenure. Current directorships in multiple Adani companies and other entities.

9. Payment of Commission to Former Executive Directors for FY 2025-26:

  • Shri Sunil Kumar Sharma (Former Vice Chairman): ₹2.00 crore commission + ₹2.80 crore salary & perquisites = ₹4.80 crore total
  • Shri Suren Jain (Former MD & CEO): ₹3.00 crore commission + ₹4.02 crore salary & perquisites = ₹7.02 crore total
  • Shri Praveen Kumar Singh (Former Whole-time Director): ₹1.50 crore commission + ₹2.60 crore salary & perquisites = ₹4.01 crore total
  • Total commission: ₹6.50 crore, Total remuneration: ₹15.92 crore

10. Payment of Commission to Non-Executive Directors for FY 2025-26: Total ₹5.00 crore allocated among:

  • Shri Manoj Gaur (Former Chairman): ₹4.00 crore
  • Smt. Binata Sengupta (Independent Director): ₹0.20 crore
  • Dr. Vandana R. Singh (Independent Director): ₹0.20 crore
  • Shri Sudhir Mital (Independent Director): ₹0.20 crore
  • Dr. Dinesh Kumar Likhi (Former Independent Director): ₹0.20 crore
  • Prof. Suresh Chandra Saxena (Former Independent Director): ₹0.20 crore

11. Special Approval for Shri Manoj Gaur's Commission: ₹4.00 crore commission exceeding 50% of total commission to all Non-Executive Directors (Special Resolution)

Shareholding Information

  • Register of Members and Share Transfer Books closed from 24th July, 2026 to 30th July, 2026 (both days inclusive)
  • Remote e-voting period: 27th July, 2026 (9:00 A.M.) to 29th July, 2026 (5:00 P.M.)
  • Cut-off date for voting: 23rd July, 2026

Director Shareholding

New appointees hold nil shares in the company. Former directors held: Manoj Gaur (41,400 shares), Sunil Kumar Sharma (5,700 shares), Suren Jain (71,100 shares), Praveen Kumar Singh (3,50,000 shares).

Corporate Offices

  • Corporate Office: 'JA House', 63, Basant Lok, Vasant Vihar, New Delhi - 110 057