Triveni Turbines Limited has successfully completed its postal ballot process for the re-appointment of Mr. Nikhil Sawhney as Managing Director, with shareholders demonstrating strong support for the leadership continuity. The special resolution was passed on March 26, 2026, marking a significant milestone in the company's governance structure.

Voting Results and Shareholder Participation

The postal ballot witnessed substantial shareholder participation, with detailed voting results across different categories:

The resolution received approval from 84.91% of the polled votes, with 24.01 crore shares voting in favour against 4.27 crore shares voting against the proposal.

Resolution Details and Leadership Continuity

The special resolution pertained to the re-appointment of Mr. Nikhil Sawhney (DIN: 00029028) as Managing Director, designated as Vice Chairman and Managing Director. The appointment ensures leadership continuity at the helm of the turbine manufacturing company.

E-Voting Process and Compliance

The remote e-voting process was conducted in strict compliance with regulatory requirements under Regulation 44 of SEBI Listing Obligations and Disclosure Requirements Regulations, 2015. The voting commenced on February 25, 2026, at 09:00 A.M. and concluded on March 26, 2026, at 5:00 P.M., providing shareholders adequate time to participate in the decision-making process.

Regulatory Compliance and Documentation

Triveni Turbines ensured full compliance with regulatory requirements through proper documentation and transparency measures. The scrutinizer's report was prepared by Kapil Dev Taneja (FCS No. 4019, C.P. No.: 22944), Partner of M/s. Sanjay Grover & Associates, confirming the transparency and fairness of the voting process.

The company published advertisements regarding the postal ballot notice in English newspaper "Financial Express" and Hindi newspaper "Jansatta" on February 25, 2026, ensuring wide dissemination of information to shareholders. The voting results and scrutinizer's report have been uploaded on the company's website at www.triveniturbines.com and submitted to BSE Limited and National Stock Exchange of India Limited for regulatory compliance.

Triveni Turbine Limited has issued a postal ballot notice dated February 24, 2026, seeking shareholder approval for the re-appointment of Mr. Nikhil Sawhney as Managing Director for an extended term. The company has engaged NSDL to provide remote e-voting facility to members for this corporate governance matter.

Postal Ballot Details

The postal ballot seeks approval for a special resolution regarding the re-appointment of Mr. Nikhil Sawhney (DIN: 00029028) as Managing Director, designated as Vice Chairman and Managing Director. The proposed appointment is for a period of five years with effect from May 10, 2026.

Leadership Performance Under Current Tenure

Mr. Nikhil Sawhney's current tenure as Vice Chairman and Managing Director has demonstrated significant growth across key financial metrics. The company has achieved substantial expansion under his leadership, transforming from a largely domestic outfit into a notable global player.

Proposed Remuneration Structure

The re-appointment includes a comprehensive remuneration package with the following key components:

Basic Salary: ₹25,00,000 per month up to a maximum of ₹40,00,000 per month, with annual increments based on performance and company results.

Allowances and Perquisites:

• Housing allowance up to 60% of salary
• Medical reimbursement for self and family
• Leave travel assistance as per company rules
• Insurance coverage including medical and personal accident insurance
• Club memberships for two clubs in India and/or abroad
• Provision of two cars with chauffeur

Overall Ceiling: The total remuneration including salary, allowances, perquisites and commission/bonus shall not exceed ₹30 crore in any financial year during the proposed five-year term.

Company Achievements and Recognition

Under Mr. Sawhney's stewardship, the company has achieved several notable milestones. The company currently ranks second globally in the manufacturing of steam turbines of up to 100 MW capacity, representing a significant achievement for an Indian company. It has been featured in Forbes Asia's "Best Under A Billion" list for two consecutive years (2024 and 2025).

The company holds around 400 patents, industrial designs, trademarks and copyrights, and launches four to five new products each year. It has expanded its aftermarket portfolio by venturing into refurbishment and services for third-party rotating equipment, including utility turbines, rotors and compressors.

Voting Process and Compliance

The postal ballot is being conducted in compliance with Sections 110 and 108 of the Companies Act, 2013, and Regulation 30 of SEBI Listing Regulations. Only members whose names appear in the Register of Members or Register of Beneficial Owners as on the cut-off date of February 20, 2026, and who have registered their email addresses, are eligible to vote.

The notice has been sent via email to eligible members, and physical copies are not being distributed in accordance with MCA circulars. Members can access the complete postal ballot notice on the company's website at www.triveniturbines.com and on the websites of stock exchanges NSE and BSE.