SJVN Limited has informed the Exchange regarding Cessation of Mr Mohammad Afzal as Non- Executive Director of the company w.e.f. April 30, 2026.
SJVN · price
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SJVN Limited has announced the cessation of Mr. Mohammad Afzal as Non-Executive Director effective April 30, 2026. Mr. Afzal was a Joint Secretary at the Ministry of Power and served as a Nominee Director representing the Government of India on SJVN's Board. He was relieved of his duties at the Ministry of Power via an Office Order dated April 28, 2026. Under Article 33(d) of SJVN's Articles of Association, a director representing a Government Ministry automatically retires upon ceasing to be an officer of that Ministry. The company received this communication on May 5, 2026, and filed the disclosure in compliance with SEBI Listing Regulations. SJVN is a Navratna Central Public Sector Enterprise jointly owned by the Governments of India and Himachal Pradesh.
This is a routine board change driven by a government official's reassignment and does not signal any operational or financial concern. As a PSU with government nominee directors, such changes are expected and unlikely to impact the stock price materially. Investors should note the change in board composition.