Annual Secretarial Compliance Report for the year ended March 31, 2025
SJVN · price
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SJVN has filed its Annual Secretarial Compliance Report for FY25, confirming compliance with most SEBI LODR requirements, including secretarial standards, website disclosures, insider trading norms, and performance evaluation of the board. Two minor observations were flagged: (1) BSE and NSE issued cautionary letters on March 28, 2025, for a delay in intimating the stock exchanges about the schedule of an investor conference call held on August 13, 2024; and (2) the company has not yet appointed an Independent Director on the board of an unlisted material subsidiary as required under SEBI rules, since the appointment power lies with the President of India through the Ministry of Power, and SJVN has sent multiple requests to expedite the process. No additional non-compliances or SEBI/stock exchange actions were reported.
This is a largely routine annual compliance filing and is unlikely to move the stock. The cautionary letters relate to a procedural delay in disclosure of a conference call rather than any substantive governance lapse. The pending Independent Director appointment on a subsidiary board is a known structural issue tied to its government-owned status and is not a new development.