GE Vernova T&D India Ltd. has recorded a significant block trade on the National Stock Exchange (NSE), highlighting substantial institutional activity in the electrical equipment sector. The transaction represents a notable movement in the company's shares, reflecting investor interest in the capital goods space.

Block Trade Details

The NSE block trade involved a substantial financial commitment from market participants. The following table summarizes the key transaction parameters:

Market Significance

Block trades typically indicate institutional investor activity and can signal confidence in a company's prospects or strategic portfolio adjustments by large investors. The transaction price of ₹2,761.50 per share represents the agreed-upon value between the participating parties in this off-market deal.

GE Vernova T&D India Ltd. operates in the capital goods sector, specifically focusing on electrical equipment manufacturing. The company's positioning in the electrical equipment space makes it relevant to India's infrastructure development and industrial growth initiatives.

Transaction Context

The block trade mechanism allows for large volume transactions without significantly impacting the stock's market price during regular trading hours. This particular transaction involving over 140,000 shares demonstrates the scale of institutional interest in the company's equity.

Such block trades are often executed by institutional investors, mutual funds, or other large market participants looking to acquire or divest significant stakes in companies. The substantial value of ₹38.75 crores indicates the transaction's importance in the context of the company's trading activity.

GE Vernova T&D India Limited has received penalty orders from GST authorities totaling ₹9.99 crores related to tax compliance issues for the financial year 2021-22. The company disclosed this development through regulatory filings on December 31, 2025, following receipt of orders dated December 30, 2025.

GST Penalty Orders Overview

The company received two separate penalty orders from different tax authorities on the same date. The combined financial impact includes tax demands, penalties, and interest charges across both jurisdictions.

Nature of Violations

Both penalty orders relate to GST compliance issues during financial year 2021-22. The Delhi authority's order addresses multiple compliance gaps:

• Reconciliation of Outward Tax Liability with GSTR-9
• Mismatch in Turnover reflecting in GSTR-7 vs GSTR-1
• Mismatch in Input Tax Credit (ITC) in GSTR-3B vs 2A

The Chhattisgarh authority's order focuses on similar issues with additional concerns:

• Mismatch in Turnover reflecting in GSTR-7 vs GSTR-1
• Irregular availing of exemption
• Mismatch in ITC in GSTR-3B vs 2A

Company's Response and Impact Assessment

GE Vernova T&D India has announced its intention to file appeals against both orders before the first Appellate Authority. The company has assessed that there will be no material impact on its financial, operational, or other activities.

Regulatory Compliance

The disclosure was made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This regulation requires listed companies to inform stock exchanges about material events that could impact investor decisions.

The company operates under the corporate identity number L31102DL1957PLC193993 and was formerly known as GE T&D India Limited. Its shares are listed on both BSE (code: 522275) and NSE (symbol: GVT&D).

Financial Year Context

The penalty orders relate specifically to GST compliance during financial year 2021-22, indicating that the tax authorities conducted detailed reconciliation exercises comparing various GST return filings. The discrepancies identified span across different types of GST returns including GSTR-1, GSTR-3B, GSTR-7, GSTR-9, and GSTR-2A, suggesting comprehensive scrutiny of the company's tax compliance during that period.