SJVN Board Approves Merger of Wholly Owned Subsidiary SJVN Thermal

SJVN Limited's Board of Directors has approved the initiation of the merger process for its wholly-owned subsidiary, SJVN Thermal Private Limited, with SJVN Limited. This move is subject to the approval of the Government of India. The rationale behind the amalgamation is to consolidate operations, eliminate overlapping functions, rationalize resources, reduce compliance and administrative costs, and improve operational efficiency. SJVN Thermal Private Limited, engaged in thermal power generation, had a paid-up capital of ₹3131.72 crore and a turnover of ₹520.78 crore as of March 31, 2026. SJVN Limited had a paid-up capital of ₹3929.79 crore and a turnover of ₹3544.52 crore. No share exchange ratio or consideration is applicable as it's a merger with a wholly-owned subsidiary, and no change in shareholding pattern is expected.