The Board of Directors of GE Vernova T&D India Limited held its meeting on May 18, 2026, approving a series of significant governance and leadership decisions. The meeting commenced at 5:28 P.M. (IST) and concluded at 6:29 P.M. (IST), with resolutions covering statutory and cost auditor appointments, as well as key changes to the company's board and senior management.

Auditor Appointments Approved

The board approved the re-appointment of M/s. Deloitte Haskins & Sells, Chartered Accountants (Firm Registration Number: 015125N), as Statutory Auditors of the company for a second term of 5 consecutive years. The re-appointment is effective from the conclusion of the 70th Annual General Meeting until the conclusion of the 75th Annual General Meeting, subject to shareholder approval at the ensuing Annual General Meeting. Additionally, the board approved the appointment of M/s. Ramanath Iyer & Co., Cost Accountants, as Cost Auditors for Financial Year 2026-27, effective May 18, 2026.

The following table summarises the key details of both auditor appointments:

Deloitte Haskins & Sells is a leading professional services firm with a strong Audit & Assurance practice comprising over 3,500 professionals and offices across 16 cities in India. M/s. Ramanath Iyer & Co. is a New Delhi-based firm of Cost Accountants operating since 1978, with expertise in cost audit and cost and management accounting across manufacturing and service sectors.

Director Re-appointment and New Appointment

The board also approved two significant changes to its leadership composition, both on the recommendation of the Nomination & Remuneration Committee.

Re-appointment of Sushil Kumar as WTD & CFO

Mr. Sushil Kumar (DIN: 08510312) has been re-appointed as Whole Time Director and Chief Financial Officer of the company for a further period of 5 years, effective January 1, 2027, up to December 31, 2031, subject to shareholder approval at the ensuing Annual General Meeting. Mr. Sushil Kumar brings more than 26 years of finance experience, having worked with organisations including GE, Alstom, Areva, and Schneider. He has been associated with the company for 14 years, holding responsibilities across strategy, commercial finance, treasury, turnkey business, and business planning. He is a Chartered Accountant and an alumnus of Shri Ram College of Commerce, University of Delhi. Mr. Sushil Kumar is not debarred from holding the office of director by virtue of any SEBI, Ministry of Corporate Affairs, or any other authority order.

Appointment of Marco Simiano as Additional Director

Mr. Marco Simiano has been appointed as an Additional Director under the category of Non-Executive Non-Independent Director, effective July 1, 2026, subject to the allotment of a Director Identification Number by the Ministry of Corporate Affairs. He will hold office up to the date of the ensuing Annual General Meeting. The board has also recommended his appointment as Director under the category of Non-Executive Non-Independent Director, liable to retire by rotation, for shareholder approval at the ensuing Annual General Meeting.

The following table provides a summary of the director changes approved at the meeting:

Mr. Marco Simiano, aged about 50 years and based in Italy, is a senior business executive at GE Vernova with over two decades of international experience in the energy sector. He currently serves as Chief Commercial & Product Officer (CCPO) of Grid Automation at GE Vernova, with responsibility for global strategy and commercial performance in Grid Automation. He holds an M.Sc. in Nuclear Engineering from the University of Palermo, Italy, an MBA (International) from the University of St. Gallen, Switzerland, and a PhD from ETH Zurich, Switzerland. Mr. Marco Simiano is not debarred from holding the office of a director by virtue of any SEBI, Ministry of Corporate Affairs, or any other authority order.

Regulatory Compliance

All decisions were taken pursuant to Regulation 30 of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015. The requisite disclosures as per the Listing Regulations, read with SEBI Circular HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026, have been filed accordingly. The intimation was signed by Shweta Mehta (Membership No. A18600), Company Secretary & Compliance Officer of GE Vernova T&D India Limited.

GE Vernova T&D India Limited announced that its Board of Directors has approved an investment of INR 550 million towards creating new capacity for disconnectors and drives for 362 kV Dead Tank Circuit Breakers. The capacities will be established at a new facility located in Vallam, Tamilnadu. This strategic move aims to introduce these products for the Indian and international markets, where the company's current capacity for these specific products is nil.

The expansion project will be executed in phases, with the first production tentatively scheduled to roll out by December 2026. The investment will be funded through internal accruals. This initiative is designed to enable the company to meet the growing demand for power transmission equipment and to serve its customers effectively in both domestic and export markets.