GE Vernova T&D India Limited has successfully concluded its postal ballot process, with all three resolutions receiving overwhelming approval from shareholders. The company declared the results on March 21, 2026, following the completion of remote e-voting that ended on March 20, 2026, and has formally intimated the stock exchanges under Regulation 30 of SEBI LODR Regulations.

Postal Ballot Overview

The postal ballot was conducted entirely through electronic voting, with the record date set as February 6, 2026. The company had 108,399 total shareholders on the record date, with the voting process overseen by scrutinizer Mr. Manish Gupta of RMG & Associates.

Key Director Appointments Approved

The company has officially confirmed two major leadership appointments through the postal ballot process. Ms. Rashmi Joshi has been appointed as an Independent Director for a first term of five consecutive years from March 20, 2026 to March 19, 2031. Additionally, Mr. Sandeep Zanzaria has been re-appointed as Managing Director and Chief Executive Officer for a further period of 3 years from April 17, 2026 to April 16, 2029.

Resolution Results

Resolution 1: Appointment of Independent Director

The special resolution for the appointment of Ms. Rashmi Joshi as an Independent Director was approved with strong support across all shareholder categories.

Resolution 2: Re-appointment of Managing Director

The ordinary resolution for re-appointment of Mr. Sandeep Zanzaria as Managing Director and Chief Executive Officer received substantial approval.

Resolution 3: Related Party Transaction Approval

The ordinary resolution for approval of material related party transactions with UK Grid Solutions Limited was passed with near-unanimous support from eligible voters. The promoter group abstained from voting on this resolution due to their interest in the matter.

Director Profiles and Qualifications

Ms. Rashmi Joshi, aged about 59 years, is a qualified Chartered Accountant and Company Secretary with over three decades of business-oriented finance leadership experience across Oil & Gas, Lubricants, FMCG, Consumer Durables and Pharmaceuticals sectors. She previously served as an Executive Director at Veedol Corporation Limited and Castrol India Limited.

Mr. Sandeep Zanzaria, aged about 58 years, brings over 36 years of rich experience in India's Transmission and Distribution sector. He has been serving as a National Executive Member of IEEMA since August 2021 and is an alumnus of Maulana Azad College of Technology, Bhopal, with additional leadership development programs completed at Indian School of Business and GE's Management Development Center in Crotonville, USA.

Regulatory Compliance

The company has confirmed that both Ms. Rashmi Joshi and Mr. Sandeep Zanzaria are not debarred from holding the office of director by virtue of any SEBI, Ministry of Corporate Affairs, or any other authority. The postal ballot process was conducted in full compliance with the Companies Act, 2013, and SEBI regulations, with the company formally intimating BSE Limited and National Stock Exchange of India Limited about the results under Regulation 30 of SEBI LODR Regulations.

GE Vernova T&D India Limited has announced the appointment of Grant Thornton Bharat LLP as its internal auditor for a three-year term. The appointment was approved by the company's board of directors during a meeting held on March 18, 2026, in compliance with Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Board Meeting Details

The board meeting was conducted on March 18, 2026, commencing at 4:48 P.M. (IST) and concluding at 5:32 P.M (IST). The primary agenda item was the appointment of the internal auditor, which was approved as part of the meeting proceedings.

Internal Auditor Appointment

Grant Thornton Bharat LLP, bearing firm registration number AAA7677, has been appointed as the internal auditor for financial years 2026-27 to 2028-29. The appointment is effective from March 18, 2026, providing the company with professional audit services for the specified three-year period.

About Grant Thornton Bharat LLP

Grant Thornton Bharat LLP is positioned as one of the largest fully integrated assurance, tax and advisory firms in India. The firm specializes in providing advisory and growth solutions to both Indian and global companies operating in the country.

The firm's expertise spans multiple service areas:

• Audit services
• Risk management
• Tax advisory
• Growth solutions
• Public sector consulting
• Digital technology services
• Recovery and reorganization
• Compliance management
• Outsourcing solutions

Regulatory Compliance

The appointment has been made in accordance with the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has also referenced SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026, ensuring full compliance with regulatory requirements for internal auditor appointments.

Company Secretary and Compliance Officer Shweta Mehta (Membership No. A18600) signed the official communication to the stock exchanges, confirming the board's decision and maintaining transparency with stakeholders.