GE Vernova T&D India sets Sept 9 AGM, confirms ₹10 dividend
GE Vernova T&D India Limited has confirmed its 70th AGM for September 9, 2026, to be held via VC/OAVM. The Board recommends a ₹10 per share final dividend for FY26, with a record date of August 21, 2026. Remote e-voting opens on September 7 and closes on September 8. Shareholders must update KYC and TDS documents by August 24, 2026, to ensure timely dividend disbursement.
*this image is generated using AI for illustrative purposes only.
GE Vernova T&D India has scheduled its 70th Annual General Meeting (AGM) for Wednesday, September 9, 2026, at 3:00 pm. In compliance with Ministry of Corporate Affairs (MCA) and SEBI circulars, the meeting will be held exclusively through Video Conferencing or Other Audio-Visual Means (VC/OAVM). The primary agenda includes the ratification of the final dividend recommendation for the financial year ended March 31, 2026 (FY26).
The Board of Directors had previously approved a final dividend of ₹10 per equity share during its meeting on May 18, 2026. This payout represents a 500% return on the face value of ₹2 per share. If approved by shareholders at the AGM, the dividend will be disbursed electronically within 30 days of the meeting's conclusion.
Key Dates and Eligibility
Shareholders registered in the company’s books as of the record date will be eligible to receive the dividend payment. The company has fixed the record date for determining eligible members as Friday, August 21, 2026.
| Event | Date | Details |
|---|---|---|
| Record Date | August 21, 2026 | Eligibility for FY26 final dividend |
| Remote E-Voting Start | September 7, 2026 | 9:00 am |
| Remote E-Voting End | September 8, 2026 | 5:00 pm |
| 70th AGM | September 9, 2026 | 3:00 pm via VC/OAVM |
E-Voting and Participation
The company is providing remote e-voting facilities through National Securities Depository Limited (NSDL). The remote e-voting period commences on Wednesday, September 7, 2026, at 9:00 am and concludes on Tuesday, September 8, 2026, at 5:00 pm. Members holding shares in dematerialized or physical form can cast their votes electronically before the AGM. Those who do not vote remotely can participate in the AGM via VC/OAVM and vote electronically during the meeting.
The AGM notice and Annual Report for FY25-26 have been dispatched electronically to members with registered email addresses. Shareholders requiring a hard copy may request it from the Registrar and Transfer Agent (RTA), MUFG Intime India Private Limited (formerly MFS Securities Private Limited), by sending an email to investor.helpdesk@mfs.mufg.com with their folio number or DP ID and Client ID.
Tax Deduction at Source (TDS) Guidelines
The final dividend is taxable under the Income-tax Act, 2025, for the tax year 2026-27. GE Vernova T&D India will deduct Tax at Source (TDS) at applicable rates before making payments.
Resident Shareholders
For resident individuals, the standard TDS rate is 10% if a valid PAN is submitted and total dividend income exceeds ₹10,000 during the tax year. Failure to provide a valid PAN or link it with Aadhaar results in a higher deduction rate of 20%. Shareholders can claim exemption from TDS by submitting Form 121 along with their PAN card or by providing a lower/NIL withholding tax certificate issued under Section 395 of the IT Act.
| Category | Applicable TDS Rate | Key Requirement |
|---|---|---|
| Valid PAN | 10% | Total dividend > ₹10,000 in tax year |
| No/Invalid PAN | 20% | PAN not updated with depository/RTA |
| Unlinked Aadhaar-PAN | 20% | PAN treated as inoperative |
| Form 121 Submitted | Nil | Valid PAN + Declaration |
| Exempt Entities (MFs/AIFs) | Nil | Relevant registration certificates |
Non-Resident Shareholders
Non-resident shareholders, including Foreign Institutional Investors (FIIs) and Foreign Portfolio Investors (FPIs), are subject to a default TDS rate of 20% plus applicable surcharge and cess. They may avail of beneficial rates under Double Taxation Avoidance Agreements (DTAA) between India and their country of residence, provided they submit necessary documentation, including a Tax Residency Certificate (TRC), Form 41, and a self-declaration confirming beneficial ownership. Sovereign Wealth Funds and Pension Funds notified under Schedule V of the IT Act are exempt from TDS (Nil rate) upon submission of valid notifications. Non-residents from Notified Jurisdictional Areas face a higher TDS rate of 30%.
Documentation Deadline
Shareholders must submit all requisite documents for TDS determination or KYC updates by Monday, August 24, 2026. Documents can be uploaded via the RTA portal or sent physically to their Kolkata office. Submissions received after this deadline will not be considered, and tax will be deducted at the maximum applicable rate. Physical folio holders must ensure their KYC details, including PAN, nomination, and bank account information, are updated to avoid withholding of dividend payments. Demat account holders are advised to update bank details directly with their Depository Participants.
Historical Stock Returns for GE Vernova T&D
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -0.31% | +1.69% | -2.63% | +20.02% | +57.38% | +3,210.67% |
How might the 500% dividend yield impact GE Vernova T&D India's stock price volatility in the days leading up to the September 9 AGM?
What does the decision to maintain a high dividend payout signal about the company's future capital allocation strategy and reinvestment plans for FY27?
Could the strict TDS documentation deadline of August 24 lead to a temporary sell-off by non-resident investors seeking to optimize tax liabilities before the record date?
19
Access 50+ Readymade Screeners 
Use 200+ Custom Filters 
Get Full Market Insights 
