GE Vernova T&D India Limited has announced a board meeting scheduled for May 18, 2026, to review the company's financial performance for the fiscal year 2026. The meeting will focus on considering and approving audited financial results and potential dividend recommendations.

Board Meeting Details

The company has filed an intimation under Regulation 29 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, regarding the upcoming board meeting. The meeting agenda includes comprehensive review of the company's financial performance for the concluded fiscal year.

Financial Results Review

The board will consider and approve audited financial results for the financial year ended March 31, 2026, and for the quarter ended on that date. The company has indicated that financial results will be communicated to exchanges as soon as they are approved and taken on record by the board.

Trading Window Restrictions

In compliance with the company's Code of Conduct to Regulate, Monitor and Report Trading in Securities, GE Vernova T&D India Limited has implemented trading window restrictions. The trading window closure details are as follows:

The trading window closure ensures compliance with insider trading regulations during the period leading up to and following the financial results announcement.

Corporate Information

The board meeting intimation was signed by Company Secretary and Compliance Officer Shweta Mehta on May 1, 2026. The company, formerly known as GE T&D India Limited, operates from its corporate office in Noida, Uttar Pradesh, and maintains its listing on both BSE and NSE with the symbol GVT&D.

GE Vernova T&D India Limited has issued a postal ballot notice seeking shareholder approval for material related party transactions with GE Grid Solutions LLC, highlighting the company's strategic business relationships within the GE Vernova group. The company has now published newspaper advertisements regarding the dispatch of the postal ballot notice as per regulatory requirements.

Transaction Details and Approval Requirements

The company is seeking approval for transactions involving sale and purchase of goods and rendering of services with GE Grid Solutions LLC, a fellow subsidiary within the GE Vernova group. The proposed transaction details are outlined below:

Under SEBI regulations, the proposed transactions require shareholder approval as they exceed 10% of the company's annual consolidated turnover. The transactions are expected to be conducted at arm's length basis, in the ordinary course of business, and in the interest of the company.

Newspaper Advertisement Publication

Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the company has published newspaper advertisements in Financial Express (all editions) and Jansatta (New Delhi) regarding the dispatch of the postal ballot notice. The advertisements provide details about the postal ballot process and related information for shareholders.

E-Voting Schedule and Process

The company has established a comprehensive timeline for the postal ballot process, with all voting to be conducted through remote e-voting only:

Members whose names appear in the Register of Members or Register of Beneficial Owners as on the cut-off date will be eligible to participate in the voting process. The company has appointed National Securities Depository Limited (NSDL) to facilitate the electronic voting process.

Related Party Transaction Background

GE Grid Solutions LLC, based in the United States, is part of the Electrification segment of the GE Vernova group. The entity enables power utilities and industries to effectively manage electricity from generation to consumption, helping improve grid reliability, efficiency, and stability. Both companies are fellow subsidiaries of GE Vernova Inc., establishing their related party status.

Historical Transaction Data

The explanatory statement provides context on previous transactions between the entities:

Business Rationale and Strategic Benefits

The company has outlined several strategic justifications for the proposed transactions. For sales activities, the transactions are expected to lead to increased orders, higher sales volumes, and improved contribution margins through better pricing. These factors are anticipated to enhance overall net profitability and strengthen the company's competitive position while providing access to international markets.

For procurement activities, the company sources specific products and components from GE Grid Solutions LLC due to its technical expertise and specialized manufacturing capabilities. These components are integral to the composite products that the company manufactures and are specifically associated with the proprietary GE Vernova brand and technology.

Regulatory Compliance and Governance

The Audit Committee and Board of Directors approved and recommended the proposed transactions at their respective meetings held on March 18, 2026. The company's transfer pricing policy, based on OECD guidelines and Income Tax Act provisions, ensures that all transactions are conducted at arm's length basis. An independent transfer pricing consultant benchmarks the pricing principles to ensure compliance with regulatory requirements.

The postal ballot notice has been distributed electronically to eligible shareholders, and the results will be announced within two working days from the last date of remote e-voting. Mr. Manish Gupta of M/s. RMG & Associates, Company Secretaries, has been appointed as the scrutinizer to ensure a fair and transparent voting process.