GE Vernova T&D India 70th AGM Approves ₹10 Dividend

Meeting Details

The 70th Annual General Meeting was held on Wednesday, September 9, 2026, through Video Conferencing. The deemed venue was the registered office of the Company at T-5 & T-6, Plot 1-14, Axis House, Jaypee Wishtown, Sector-128, Noida-201304, Uttar Pradesh. The meeting commenced at 3:03 PM IST and concluded at approximately 4:57 PM IST.

Resolutions and Implications

The meeting transacted both ordinary and special business as outlined in the Notice dated August 5, 2026:

Ordinary Business:

• Adoption of audited financial statements for FY2026 with reports of Board of Directors and Auditors
• Declaration of dividend of ₹10 per equity share for FY2026
• Appointment of Mr. Sushil Kumar (DIN: 08510312) as Director liable to retire by rotation
• Re-appointment of M/s. Deloitte Haskins & Sells as Statutory Auditors for a second consecutive term of five years until the conclusion of the 75th AGM in 2031

Special Business:

• Ratification of remuneration payable to M/s. Ramanath Iyer & Co. as Cost Auditors for FY2027
• Appointment of Mr. Marco Simiano (DIN: 11785978) as Non-Executive and Non-Independent Director
• Re-appointment of Mr. Sushil Kumar (DIN: 08510312) as Whole-time Director effective from January 1, 2027, until December 31, 2031
• Payment of remuneration to Non-Executive Directors for five financial years commencing April 1, 2026
• Approval to enter into or continue Material Related Party Transactions with LM Wind Power Blades (India) Private Limited
• Approval to enter into or continue Material Related Party Transactions with GE Vernova Inc.
• Special Resolution to increase overall limits under section 186 of the Companies Act, 2013

Voting Process

The Company provided facility to vote through electronic means (e-Voting) via National Securities Depository Limited (NSDL). Remote e-voting was available from Saturday, September 5, 2026 (9:00 AM IST) to Tuesday, September 8, 2026 (5:00 PM IST). Members participating in the AGM through VC/OAVM facility who had not voted previously were provided facility to vote at the AGM.

Scrutinizer Appointment

The Board appointed Mr. Manish Gupta, Managing Partner of M/s RMG& Associates, Practicing Company Secretary (Membership No. F-5123), as scrutinizer to scrutinize the e-Voting at AGM and remote e-Voting process in a fair and transparent manner.

Compliance Statement

The Company adhered to applicable provisions of the Companies Act, 2013 and Rules made thereunder read with circulars issued by the Ministry of Corporate Affairs and Securities and Exchange Board of India.

Additional Information

The meeting was chaired by Mr. Rathindra Nath Basu, Chairman of the Board and Chairman of Stakeholders Relationship Committee and Corporate Social Responsibility & Sustainability Committee. All Directors of the Company were present. The meeting included representatives from M/s. Deloitte Haskins & Sells (Statutory Auditors), M/s. RMG & Associates (Secretarial Auditor), and the Cost Auditor. The results of voting were to be declared within two days from conclusion of the meeting upon receipt of the Scrutinizer's report.