Shimla: India’s hydro power major SJVN Limited is set to see a change in its senior leadership as two top executives retire simultaneously at the end of the month.
Executives Step Down
SJVN confirmed that Shri Rajeev Kumar and Shri Chandra Shekhar Yadav will cease to be part of the company’s senior management following their superannuation on February 27, 2026. The retirement takes effect from the close of business hours, marking the end of their respective tenures with the Navratna CPSE.
The company disclosed the development under Regulation 30 of the Securities and Exchange Board of India’s Listing Obligations and Disclosure Requirements Regulations, 2015.
Regulatory Filing Made
The announcement was formally submitted to both the National Stock Exchange of India Limited and BSE Limited on February 27, 2026. SJVN stated that the disclosure aligns with the applicable SEBI regulations and the Master Circular dated November 11, 2024.
Such filings are mandatory for listed entities when there are changes in senior management, ensuring transparency for shareholders and market participants.
Routine Superannuation Move
The reason cited for both departures is superannuation, indicating the retirements are part of the natural completion of service tenure rather than a strategic or operational shift. The simultaneous exits suggest a scheduled transition within the company’s leadership structure.
No immediate successor announcements were mentioned in the filing.
Leadership Transition Phase
As a joint venture of the Government of India and the Government of Himachal Pradesh, SJVN operates in a regulated environment where governance disclosures carry weight. The leadership change comes without any accompanying operational update, signaling business continuity during the transition.
The company secretary, Soumendra Das, signed off on the exchange communication.
With the regulatory formalities completed, the focus now shifts to how SJVN manages the transition and maintains stability in its senior leadership ranks.
