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SJVN Limited (A Joint Venture of Govt. of India & Govt. of H.P.) A Navratna CPSE CIN: L40101HP1988GOI008409 SJVN/CS/93/2026- Date: 14/07/2026 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, Whole- time Directors 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 6/19/26, 4:08 PM 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, 2… 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: Wednesday, 27 May 2026 at 05:04 pm IST Ref.: SOP-Review letter 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 Fine Fines levied for quarter Fine payable by the company as on May 27,2026 Regulation of prescribed ended (inclusive of GST @ 18 %) SEBI (LODR) Basic Fine GST @ 18 % Total Fine payable Regulations, 2015 Regulation Rs. 5,000 Mar--26 450000 81000 531000 17(1) per day Non- compliance with the requirements pertaining to composition of the Board including failure to appoint woman director Regulation Rs. 2,000 Mar-26 0 0 0 17(1A) per day Non- compliance with the requirements pertaining to appointment or continuation of Non-executive director who has attained the age of seventy-five years Regulation Rs. 10,000 Mar-26 0 0 0 17(2) per instance Non- compliance with the requirements pertaining to the number of about:blank 1/3 6/19/26, 4:08 PM 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, 2… Board meetings Regulation Rs. 10,000 Mar-26 0 0 0 17(2A) per instance Non- compliance with the requirements pertaining to quorum of Board meetings. Regulation Rs. 2,000 Mar-26 38000 6840 44840 18(1) per day Non- compliance with the constitution of audit committee Regulation Rs. 2,000 Mar-26 0 0 0 19(1)/ 19(2) per day Non- compliance with the constitution of nomination remuneration committee Regulation Rs. 2,000/- Mar-26 0 0 0 20(2)/(2A) per day Non- compliance with the constitution of stakeholder relationship committee Regulation Rs. 2,000/- Mar-26 0 0 0 21(2) per day Non- compliance with the constitution of risk management committee Regulation Rs. 2,000/- Mar-26 0 0 0 27(2) per day Non- submission of - the Corporate governance compliance report within the period provided under this regulation Total 488000 87840 575840 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 about:blank 2/3 6/19/26, 4:08 PM 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, 2… year is required to be submitted to the Exchange. Companies are required to mention the exact paid up equity capital and net worth figures in this certificate. Provided that where the provisions of the regulations specified in the regulation becomes applicable to a listed entity at a late [Showing first 8,000 characters — download PDF for full document]