Updates

SJVN Limited (A Joint Venture of Govt. of India & Govt. of H.P.) A Navratna CPSE CIN: L40101HP1988GOI008409 SJVN/CS/93/2026- Date: 18/09/2026 NSE Symbol: SJVN-EQ SCRIP CODE: 533206 National Stock Exchange of India Limited, BSE Limited, Exchange Plaza, Phiroze Jeejeebhoy Towers, Bandra Kurla Complex, Dalal Street, Bandra East, Mumbai 400 051, India Mumbai 400 001, India SUB: Board comments on fine levied by the Exchanges Sir/Madam, This is to inform that the Company has received notices from BSE Limited (“BSE”) and National Stock Exchange of India Limited (“NSE”) imposing fines for non-compliance with certain provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, which were noted by the Board of Directors of the Company. The Board also took note of and decided the comments to be submitted to the stock exchanges, which are reproduced below: “SJVN Limited is a Government Company within the meaning of Section 2(45) of the Companies Act, 2013, and as per Article 32 of Articles of Association of the Company, the power to appoint Directors on the Board vests with the Hon’ble President of India acting through the Ministry of Power (“MoP”). The Company or its Board is not vested with any powers in the matter. The Company has sent various requests to the Ministry of Power, Government of India and MPP and Power, Government of Himachal Pradesh to expedite the process of appointment of Independent Directors on the Board of the Company so as to enable the company to comply with the requirements of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. It is understood that the government is in the process of appointing the CMD and Independent Directors on the board of the Company very soon.” The copy of notices received from the stock exchanges are attached. Registered & Corporate Office: SJVN Corporate Office Complex, Shanan, Shimla – 171006, Himachal Pradesh दरू भाष / Tel No.: 0177-2660075, फ़ैक्स / Fax: 0177-2660071, ईिेि / Email: cs.sjvn@sjvn.nic.in, वेबसाइट / Website: www.sjvn.nic.in SJVN Limited (A Joint Venture of Govt. of India & Govt. of H.P.) A Navratna CPSE CIN: L40101HP1988GOI008409 Kindly take the above information on record and oblige. Thanking you, Yours faithfully, (Soumendra Das) Company Secretary Encl: As stated above Registered & Corporate Office: SJVN Corporate Office Complex, Shanan, Shimla – 171006, Himachal Pradesh दरू भाष / Tel No.: 0177-2660075, फ़ैक्स / Fax: 0177-2660071, ईिेि / Email: cs.sjvn@sjvn.nic.in, वेबसाइट / Website: www.sjvn.nic.in Annexure 8/26/26, 11:01 AM Yahoo Mail - 533206-Fines as per SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 issued on July 11, … 533206-Fines as per SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 issued on July 11, 2023 and last updated on January 30,2026 (Chapter VII (A)-Penal Action for Non-Compliance) From: bse.soplodr (bse.soplodr@bseindia.com) To: cssjvn@yahoo.com; cssjvn@yahoo.com; cssjvn@yahoo.com Cc: bse.soplodr@bseindia.com Date: Tuesday, 25 August 2026 at 07:04 pm IST Ref.: SOP-CReview/ QTR-Jun-26 The Company Secretary/Compliance Officer Company Name: SJVN Ltd Scrip Code: 533206 Dear Sir/Madam, Sub: Fines as per SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 issued on July 11, 2023 and last updated on January 30,2026 (Chapter VII (A)-Penal Action for Non-Compliance). The company is advised to refer to the SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 issued on July 11, 2023 and last updated on January 30,2026 issued by Securities and Exchange Board of India (SEBI) with respect to penal actions prescribed for non-compliance of certain provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and the Standard Operating Procedure for suspension and revocation of trading of specified securities of listed entities. The Exchange had also issued a guidance note regarding the provisions of the said SEBI circular which is disseminated on the Exchange website at the following link: https://www.bseindia.com/downloads1/Guidance_Note_for_SEBI_SOP_Circular.pdf In this regard it is observed that the company is non-compliant/late compliant with the following Regulations for the period mentioned below: Applicable Regulation Fine Fines levied till the Fine payable by the company as on August 25,2026 of SEBI (LODR) prescribed quarter ended (inclusive of GST @ 18 %) Regulations, 2015 Basic Fine GST @ 18 Total Fine % payable Regulation 17(1) Rs. 5,000 June 2026 455000 81900 536900 Non-compliance with the per day requirements pertaining to the composition of the Board including failure to appoint woman director Regulation 17(1A) Rs. 2,000 June 2026 0 0 0 Non-compliance with the per day requirements pertaining to appointment or continuation of Non- executive director who has attained the age of seventy-five years Regulation 17(2) Rs. 10,000 June 2026 0 0 0 Non-compliance with the per instance requirements pertaining to the number of Board meetings Regulation 17(2A) Rs. 10,000 June 2026 20000 3600 23600 Non-compliance with the per instance requirements pertaining to quorum of Board meetings. Regulation 18(1) Rs. 2,000 June 2026 182000 32760 214760 Non-compliance with the per day constitution of audit committee Regulation 19(1)/ 19(2) Rs. 2,000 June 2026 182000 32760 214760 Non-compliance with the per day constitution of nomination and remuneration committee about:blank 1/3 8/26/26, 11:01 AM Yahoo Mail - 533206-Fines as per SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 issued on July 11, … Regulation 20(2)/(2A) Rs. 2,000/- June 2026 150000 27000 177000 Non-compliance with the per day constitution of stakeholder relationship committee Regulation 21(2) Rs. 2,000/- June 2026 150000 27000 177000 Non-compliance with the per day Constitution of risk management committee Regulation 27(2) *Rs. 2,000/- June 2026 0 0 0 per day Non-submission of the (-) Corporate governance compliance report within the period provided under this regulation Total 1139000 205020 1344020 (*) As per the provisions of the circular the fines will continue to be computed further till the time of rectification of the non-compliance to the satisfaction of the Exchange or till the scrip of the listed entity is suspended from trading for non-compliance with aforesaid provisions. The Company is therefore advised to note that as per the provisions of this circular: · The company is required to ensure compliance with above regulation and ensure to pay the aforesaid fines including GST within 15 days from the date of this letter/email, failing which Exchange shall, pursuant to the provisions of the aforesaid circular, initiate action related to freezing of the entire shareholding of the promoter in this entity as well as all other securities held in the demat account of the promoter. · Further in the event of this being the second consecutive quarter of non-compliance for the Regulation 17(1), 18(1), 27(2) would result in the company being transferred to Z group and liable for suspension of trading of its equity shares. · The company is also advised to ensure that the subject matter of non-compliance which has been identified and indicated by the Exchange and any subsequent action taken by the Exchange in this regard shall be placed before the Board of Directors of the company in its next meeting. Comments made by the board shall be duly informed to the Exchange for dissemination. For the Companies to whom Regulation 15 (2) of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015, is not applicable, a certificate from the Company Secretary/Compliance Officer of the company, certifying that Paid up equity capital was not exceeding Rs.10 Crores and Net worth was not exceeding Rs.25 Crores as on the last day of the previous three consecutive financial year is required to be submitted to the Exchange. Companies are required t [Showing first 8,000 characters — download PDF for full document]