REC and SJVN Spotlight Governance in Power sector India
REC and SJVN have disclosed exchange fines for failing to maintain the required board composition during the March 2026 quarter. REC reported a Rs 5.31 lakh fine, while SJVN disclosed a Rs 5.76 lakh penalty. Both companies attributed the non-compliance to pending appointments by the Ministry of Power and have requested waivers.
The disclosures relate to SEBI's Listing Obligations and Disclosure Requirements governing board composition, including the appointment of independent and woman directors. Although the fines are modest, the disclosures highlight a recurring governance issue among listed central public sector enterprises.
The latest developments underline the continuing importance of Power sector India governance standards for listed utilities. EnergylineIndia.com delivers trusted Indian Power news and Corporate governance coverage.



















