SJVN Fined ₹13.44 Lakhs for Listing Norms Non-Compliance

SJVN Ltd has received notices from BSE and NSE imposing fines totaling ₹13,44,020 for non-compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company cited its status as a Government Company and the vesting of director appointment powers with the President of India, acting through the Ministry of Power, as reasons for the delays. SJVN has requested the relevant ministries to expedite the appointment of Independent Directors and CMD. The fines are primarily for non-compliance with regulations pertaining to board composition, quorum, and constitution of various committees, including the Audit Committee and Nomination and Remuneration Committee, up to June 2026.