Enclosed

SJVN Limited (A Joint Venture of Govt. of India & Govt. of H.P.) A Navratna CPSE CIN: L40101HP1988GOI008409 SJVN/CS/93/2026- Date: 30/10/2026 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: Outcome of Meeting of the Board of Directors Sir/Madam, We are enclosing the Unaudited Financial Results (Standalone & Consolidated) for the quarter/half-year ended September 30, 2026, in the prescribed format as required under Regulation 33 of the SEBI (LODR) Regulations, 2015 along with the “Limited Review Report” issued by the Statutory Auditors. The financial results have been reviewed by the Audit Committee and approved by the Board of Directors in their respective meetings held on October 30, 2026. The Meeting commenced at 11:30 HRS and concluded at 15:00 HRS. 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, ईमेल / Email: cs.sjvn@sjvn.nic.in, वेबसाइट / Website: www.sjvn.nic.in Off: Space-C, 3rd Floor, Surya Kiran Building Adjoining Red Cross Bhawan, Mall Road INDIA .. . . Ludhiana-141001. Ph.: 0161-2442080 Charanjit Singh & Associates (M) 094644-23041, 095016-66550 Chartered Accountants E-mail : cacharanjit2@gmail.com Independent Auditor’s Limited Review Report on Unaudited Standalone Financial Results for the Quarter and Half Year Ended September 30, 2026 The Board of Directors SIVN Limited Shimla 1. We have reviewed the accompanying Statement of Unaudited Standalone Financial Results of SIVN Limited (‘the Company’) for the quarter and half year ended 30™ September 2026 ("the statement) being submitted by the company pursuant to the requirements of Regulation 33 and Regulation 52 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015 ("the Regulations") as amended. 2. This Statement, which is the responsibility of the Company’s management and approved by the Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34 “Interim Financial Reporting” (“Ind AS 34”), prescribed under Section 133 of the Companies Act, 2013, as amended read with relevant rules issued thereunder and other accounting principles generally accepted in India. Our responsibility is to issue a report on the Statement based on our review. 3. We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410 “Review of Interim Financial Information Performed by the Independent Auditor of the Entity” issued by the Institute of Chartered Accountants of India. This standard requires that we plan and perform the review to obtain moderate assurance as to whether the Statement is free of material misstatement. A review of interim financial information consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Standards on Auditing and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion. 4. Based on our review conducted as above, nothing has come to our attention that causes us to believe that the Accompanying Statement read with notes thereon, prepared in accordance with applicable Indian Accounting Standards Specified under Section 133 of Companies Act, 2013 read with relevant rules issued thereunder and other recognised accounting practices and policies, has not disclosed the information required to be disclosed in terms of the Regulations, including the manner in which it is to be disclosed, or that it contains any material misstatement. 5. Emphasis of Matter: a) We draw attention to the Note No. 2 with respect to The CERC vide Order dated 15.03, has notified the Central Electricity Regulatory Commission {Terms and Conditions of /i3 Regulations, 2024 (Tariff Regulations, 2024) for determination of tariff for the period 2024 The provisional tariff for the period 2024-29 in respect of Nathpa Jhakri Hydro Power Sxati (NJHPS) and Rampur Hydro Power Station (RHPS) of the Company has been approved by CER HEAD OFFICE : #1779, PHASE-3-B-2, MOHALI-160055 E-mail: cacharanjit@Ymail.com Revenue from operation for the quarter and half year ended 30" September 2026 includes 2242.59 crore, relating to earlier years, recognized pursuant to receipt of the Provisional tariff order For the period 2024-29 in respect of NJHPS (Nil for the corresponding quarter and half year ended 30" September 2025). b) We draw attention to the Note No. 4 with respect to Considering the reassignment of Etalin HEP (3097 MW) to NHPC Limited by Ministry of Power, Government of India and subsequent termination of Memorandum of Agreement (MoA) executed between the Government of Arunachal Pradesh and the Company for development of the project, the Company has classified the assets and liabilities pertaining to Etalin HEP as “Disposal Group Held for Sale” in accordance with Ind AS 105 — Non-current Assets Held for Sale and Discontinued Operations. Accordingly, assets amounting to X738.52 crore and liabilities amounting to %0.11 crore have been classified under “Assets classified as held for sale” and “liabilities directly associated with assets classified as held for sale”, respectively. ) We draw attention to the Note No. 5 with respect to The Survey and Investigation works of the Devasari Hydro Electric Project in the State of Uttarakhand have been put on hold in accordance with the directions of the Ministry of Power, Government of India, vide letter dated 06.07.2021. The Company has taken up the matter with the Ministry of Power and the Government of Uttarakhand for resumption of project activities. The management is of the view that the hold will be withdrawn. Expenditure amounting to X251.50 crore (including Capital work in progress amounting %200.73 crore) has been incurred upto 30.09.2026 [X251.38 crore upto 31.03.2026 (including Capital work in progress amounting 200.34 crore)]. d) We draw attention to the Note No. 6 with respect to Three hydro power projects-210 MW Luhri Hydro Electric Project Stage1, 382 MW Sunni Dam Hydro Electric Project and 66 MW Dhaulasidh Hydro Electric Project were allotted to S/VN through Memorandum of Understanding (MOU) by the Government of Himachal Pradesh (GoHP). As per clause 6 of the MoU, the detailed terms and conditions of Implementation Agreement shall be formulated with the mutual consent of GoHP and SIVN. GoHP vide letter dated 06.08.2022 forwarded mutually agreed Implementation Agreement to be signed between GoHP and SIVN. However, Implementation Agreement for these projects is yet to be signed. Pending signing of mutually Agreed implementation agreement between GoHP and SJVN for these projects, SIVN has commenced work on these projects to avoid time and cost overruns. The Government of Himachal Pradesh has issued a notice with regard to commencement of work on these project in absence of implementation agreement. GoHP seeks to re-negotiate the previously agreed terms & conditions and relaxations in respect of these projects before signing of Implementation Agreement. SIVN has submitted the replies to the above notice and also filed a petition in the Hon’ble High Court of Himachal Pradesh to address the issue. The Hon’ble High Court has directed GoHP that no coercive action shall be taken against SIVN with regard to the subject matter of dispute. The case is currently pending and the Company is [Showing first 8,000 characters — download PDF for full document]