SJVN Fined ₹5.75 Lakhs for Listing Norms Non-Compliance

SJVN Ltd has received notices from BSE and NSE imposing fines totaling ₹5,75,840 (including GST) for non-compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The primary violations relate to the composition of the Board, specifically Regulation 17(1) concerning the appointment of directors and potentially the failure to appoint a woman director, leading to a daily fine. The company has explained that the appointment of directors vests with the President of India, acting through the Ministry of Power, and that it has requested expedited appointments. SJVN is advised to ensure future compliance and pay the levied fines.