Cessation of Director

Director Flagged GovernanceManagement Changes View source PDF

SJVN · price

Loading chart…

▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reaction · full curve 14 horizons · vs prior close

+1.4%1-day move

₹79.08

prior close

₹79.99

base price

After-mkt

timing

5m10m15m30m1D2D3D4D5D7D15D1M2M3M

-0.5-0.4-0.6-0.7+1.4-0.5-2.0-5.6-4.0-2.3-4.1-8.7-9.1—

Up moveDown movePending

AI summary

SJVN Limited has announced the cessation of Shri Mohammad Afzal as a Director on the Board. He was a Joint Secretary at the Ministry of Power, Government of India, and also served as a Nominee Director representing the Government of India. The Ministry of Power issued an Office Order dated April 28, 2026, relieving him of his duties, effective April 30, 2026. Under Article 33(d) of SJVN's Articles of Association, a Director representing a Government of India Ministry must retire upon ceasing to be an officer of that Ministry. Consequently, his directorship ended on April 30, 2026.

Likely market impact

This is a routine change involving a government nominee director being recalled by the Ministry of Power. It does not indicate any governance concern or operational issue and is unlikely to have any material impact on the company's operations or stock price.