Annual Secretarial Compliance Report for the year ended March 31, 2025
Awaiting price reaction for this filing.
SJVN Limited submitted its Annual Secretarial Compliance Report for the financial year ended March 31, 2025, as required under SEBI LODR Regulation 24A. The report was issued by SGS Associates LLP, Company Secretaries, and confirms overall compliance with secretarial standards, SEBI regulations, insider trading norms, related party transaction rules, and board performance evaluation requirements. Two minor observations were noted: the company received cautionary letters from BSE and NSE on March 28, 2025 for delay in intimating the schedule of an investor conference call held on August 13, 2024, and the appointment of an Independent Director on the board of an unlisted material subsidiary is pending as the power to appoint such directors rests with the President of India through the Ministry of Power. No director disqualifications, no statutory auditor resignations, and no additional material non-compliances were reported during the review period.
This is a routine annual compliance filing that confirms SJVN's governance standards are largely in order, with no material actions taken against the company by SEBI or stock exchanges. The cautionary letters and pending subsidiary board appointment are minor administrative matters unlikely to affect the stock price or shareholder interests significantly.