Key Details

Symbol (NSE): SJVN-EQ

Corporate Action: Merger/Amalgamation

Record Date: Not Specified

Nature of Scheme: Amalgamation of wholly-owned subsidiary into parent company

Entities Involved

Transferor Company: SJVN Thermal Private Limited (STPL) - Wholly Owned Subsidiary

Transferee Company: SJVN Limited

Demerged Company: Not Applicable (Merger structure)

Resulting Company: SJVN Limited (after absorption of STPL)

Financial Metrics

SJVN Thermal Private Limited (as on 31.03.2026):

  • Paid up capital: ₹3,131.72 crore
  • Turnover: ₹520.78 crore

SJVN Limited (as on 31.03.2026):

  • Paid up capital: ₹3,929.79 crore
  • Turnover: ₹3,544.52 crore

Share Entitlement Ratio

Not Specified (Wholly-owned subsidiary merger)

Implied Capital Structure Impact

Not Specified

Post-Allotment Listing Plan

STPL will cease to exist as separate entity. All assets and operations will be integrated into listed parent SJVN Limited.

Regulatory and Approval Status

  • Board of Directors approval obtained on October 30, 2026
  • Subject to approval of Government of India
  • Subject to other competent authorities approvals
  • Scheme of Amalgamation yet to be finalized

Effective Date

Not Specified

Financial Rationale

The entire share capital of SJVN Thermal Private Limited is held by SJVN Limited, making STPL its wholly owned subsidiary. The continued existence of STPL as a separate legal entity does not offer any significant incremental benefit. Rather, the merger aims to achieve operational simplification and structural efficiency.

Impact on Shareholders

Not Specified (Since STPL is wholly-owned, no change in ultimate ownership structure)

Additional Information

  • Meeting held: October 30, 2026 (11:30 HRS to 15:00 HRS)
  • Transaction does not fall under related party transactions per Ministry of Corporate Affairs General Circular No. 30/2014 dated July 17, 2014
  • STPL operates 1320 MW Buxar Thermal Power Plant in Bihar
  • Both companies are Government Companies under Section 2(45) of Companies Act, 2013
  • All details are tentative and subject to final approvals