SJVN Limited, a prominent player in India’s renewable energy sector, has recently inked a Power Purchase Agreement (PPA) with the Bhakra Beas Management Board (BBMB) to facilitate the development of solar projects. This notable collaboration signifies SJVN’s dedication to expanding its renewable energy portfolio and contributing to the nation’s sustainable energy goals.
However, it’s crucial to clarify that this PPA does not fall under the purview of point 5 of Para A of Part A of Schedule III of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015—commonly known as the SEBI Listing Regulations. Specifically, it is not categorized as a shareholder agreement, joint venture agreement, family settlement agreement, or any form of engagement with media companies.
Despite this, SJVN remains resolute in its commitment to complying with the SEBI Listing Regulations. The company affirms its readiness to diligently adhere to these regulations for any future disclosures that may be required.
It is worth emphasizing that SJVN’s engagement with the Bhakra Beas Management Board for Solar Projects distinguishes itself from the specified categories outlined in the SEBI Listing Regulations. The company stands firm in upholding the highest standards of transparency and regulatory compliance in all its forthcoming endeavors. SJVN expresses gratitude for the understanding in this matter and assures stakeholders of its unwavering commitment to meeting regulatory requirements and disclosure obligations while continuing to drive sustainability in the energy sector.
