Meeting Details

  • Date: August 31, 2026
  • Time: 15:00 HRS (commenced) to 16:35 HRS (concluded)
  • Location: Conducted through Video Conferencing (VC)/Other Audio Visual Means (OAVM)
  • Deemed Venue: SJVN Corporate Office Complex, Shanan, Shimla, Himachal Pradesh
  • Meeting Type: 38th Annual General Meeting

Attendees

Directors Present:

  • Shri Bhupender Gupta (Chairman and Managing Director) - In Chair
  • Shri Ajay Kumar Sharma (Director (Personnel))
  • Shri Parthajit De (Director (Finance))
  • Shri Rajesh Kumar Chandel (Director (Projects))
  • Shri Diwakar Nath Misra (GoI Nominee Director)
  • Smt. Arti Kujur (Independent Director & Chairperson of multiple committees)

Government Representatives:

  • Shri Santoh Kumar (Director (Hydro), Ministry of Power, GoI - Representative of President of India)
  • Shri Raman Gharsanghi (Joint Secretary (Power), Government of Himachal Pradesh - Representative of Governor of Himachal Pradesh)

In Attendance:

  • Shri Soumendra Das (Company Secretary)
  • Shri Avneet Singh (Representing Statutory Auditor)
  • Shri Deepak Kumar (Representing Secretarial Auditor)
  • Shri Santosh Kumar Pradhan (Scrutinizer)
  • 72 Members present through Video Conferencing

Voting Process and Methods

The company provided e-voting facility in compliance with Section 108 of the Companies Act, 2013 and Regulation 44 of SEBI LODR Regulations, 2015:

  • Remote e-voting period: August 28, 2026 (09:00 AM) to August 30, 2026 (05:00 PM)
  • E-voting at AGM: Opportunity for members who did not cast votes through remote e-voting
  • Scrutinizer: Shri Santosh Kumar Pradhan, Practicing Company Secretary, appointed to scrutinize the voting process
  • Results publication: Combined results to be published on company, NSE, BSE, and CDSL websites within statutory timeframe

Resolutions and Voting Outcomes

Ordinary Business

Resolution 1: Adoption of Financial Statements and Reports

  • Subject: To receive, consider and adopt Audited Standalone Financial Statements, Audited Consolidated Financial Statements for year ended March 31, 2026, Directors' Report, Independent Auditors' Report, and comments of C&AG
  • Type: Ordinary Resolution
  • Total votes received: 836 (826 remote + 10 at AGM)
  • Total shares voted: 3,460,149,822
  • In favor: 755 votes (3,433,867,386 shares - 99.24%)
  • Against: 81 votes (26,282,436 shares - 0.76%)
  • Invalid: 0 votes
  • Result: PASSED

Resolution 2: Dividend Declaration

  • Subject: To confirm payment of Interim Dividend of ₹1.15 per share declared in February 2026 and declare Final Dividend of ₹0.35 per share for FY 2025-26
  • Type: Ordinary Resolution
  • Total votes received: 841 (831 remote + 10 at AGM)
  • Total shares voted: 3,461,923,318
  • In favor: 775 votes (3,436,848,829 shares - 99.28%)
  • Against: 66 votes (25,074,489 shares - 0.72%)
  • Invalid: 0 votes
  • Result: PASSED

Resolution 3: Re-appointment of Director

  • Subject: Re-appointment of Shri Ajay Kumar Sharma [DIN 01964014] as Director liable to retire by rotation
  • Type: Ordinary Resolution
  • Total votes received: 839 (829 remote + 10 at AGM)
  • Total shares voted: 3,461,857,518
  • In favor: 648 votes (3,335,257,200 shares - 96.34%)
  • Against: 191 votes (126,600,318 shares - 3.66%)
  • Invalid: 0 votes
  • Result: PASSED

Resolution 4: Fixation of Statutory Auditor Remuneration

  • Subject: To fix remuneration of Statutory Auditors for financial year 2026-27
  • Type: Ordinary Resolution
  • Total votes received: 837 (827 remote + 10 at AGM)
  • Total shares voted: 3,461,857,467
  • In favor: 798 votes (3,461,560,637 shares - 99.99%)
  • Against: 39 votes (296,830 shares - 0.01%)
  • Invalid: 0 votes
  • Result: PASSED

Special Business

Resolution 5: Appointment of Whole-Time Director (Finance)

  • Subject: Appointment of Shri Parthajit De [DIN 11219972] as Whole-Time Director (Finance) w.e.f. March 19, 2026
  • Type: Ordinary Resolution
  • Total votes received: 841 (831 remote + 10 at AGM)
  • Total shares voted: 3,461,857,506
  • In favor: 689 votes (3,385,938,025 shares - 97.81%)
  • Against: 152 votes (75,919,481 shares - 2.19%)
  • Invalid: 0 votes
  • Result: PASSED

Resolution 6: Appointment of Whole-Time Director (Projects)

  • Subject: Appointment of Shri Rajesh Kumar Chandel [DIN 11765540] as Whole-Time Director (Projects) w.e.f. June 11, 2026
  • Type: Ordinary Resolution
  • Total votes received: 842 (832 remote + 10 at AGM)
  • Total shares voted: 3,461,857,479
  • In favor: 688 votes (3,385,008,498 shares - 97.78%)
  • Against: 154 votes (76,848,981 shares - 2.22%)
  • Invalid: 0 votes
  • Result: PASSED

Resolution 7: Appointment of Part-Time Official Director

  • Subject: Appointment of Shri Diwakar Nath Misra [DIN 07464700] as Part-Time Official Director (Government of India Nominee) w.e.f. May 14, 2026
  • Type: Ordinary Resolution
  • Total votes received: 841 (831 remote + 10 at AGM)
  • Total shares voted: 3,460,162,100
  • In favor: 645 votes (3,333,309,302 shares - 96.33%)
  • Against: 196 votes (126,852,798 shares - 3.67%)
  • Invalid: 0 votes
  • Result: PASSED

Resolution 8: Ratification of Cost Auditor Remuneration

  • Subject: Ratification of remuneration of ₹2,40,000/- plus GST plus TA/DA payable to M/s Balwinder & Associates, Cost Accountants for FY 2026-27
  • Type: Ordinary Resolution
  • Total votes received: 839 (829 remote + 10 at AGM)
  • Total shares voted: 3,461,857,518
  • In favor: 769 votes (3,436,780,033 shares - 99.28%)
  • Against: 70 votes (25,077,485 shares - 0.72%)
  • Invalid: 0 votes
  • Result: PASSED

Resolution 9: Appointment of Independent Director

  • Subject: Appointment of Smt. Arti Kujur [DIN 11834249] as Part-Time Non-Official (Independent) Director w.e.f. July 17, 2026
  • Type: Special Resolution
  • Total votes received: 840 (830 remote + 10 at AGM)
  • Total shares voted: 3,460,160,632
  • In favor: 658 votes (3,365,624,155 shares - 97.27%)
  • Against: 182 votes (94,536,477 shares - 2.73%)
  • Invalid: 0 votes
  • Result: PASSED

Scrutinizer's Report

The Scrutinizer submitted his consolidated report on remote e-voting and e-voting process conducted at the Meeting on August 31, 2026. All resolutions were duly approved by members with requisite majority.

Compliance Confirmation

The meeting was conducted in compliance with:

  • Companies Act, 2013 and relevant rules
  • SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
  • Ministry of Corporate Affairs and SEBI circulars
  • Article 24 of the Articles of Association of SJVN Limited

Additional Proceedings

The Chairman addressed participants about Industry Outlook, Highlights of the Year including Operation and Financial Performances, CSR & Sustainability, Corporate Governance, Awards and Commendations. Members raised queries about future plans, role in Viksit Bharat program, impact of AI on operations, and capex plans for next 2 years.