GE Vernova T&D India concluded its 70th Annual General Meeting, where shareholders approved a dividend of Rs 10 per equity share for the financial year ended March 31, 2026. The meeting also saw the re-appointment of Deloitte Haskins & Sells as statutory auditors for a five-year term and confirmed key leadership appointments, including Mr. Sushil Kumar as a Whole-time Director. Shareholders also authorized increased borrowing and investment limits and validated material related party transactions with group entities.
GE Vernova T&D India Approves Rs 10 Dividend at 70th AGM
Dividend of Rs 10 per equity share approved for FY26.
Deloitte Haskins & Sells re-appointed as statutory auditors for five years.
Reader Takeaway: Dividend payout and leadership stability confirmed as company increases borrowing limits to support future operations.
What just happened
GE Vernova T&D India successfully conducted its 70th Annual General Meeting on September 9, 2026. Shareholders approved 11 resolutions, including the adoption of financial statements for the fiscal year ended March 31, 2026, and the declaration of a dividend of Rs 10 per share. The meeting was held via video conferencing, ensuring widespread participation.
Why this matters
The approval of the dividend signifies the company's commitment to returning value to shareholders after the close of the 2026 financial year. The extension of the statutory auditor's tenure for five years provides long-term continuity in financial governance, while the approval of borrowing and investment limits grants management the necessary flexibility to pursue capital expenditure and growth initiatives.
Key Appointments
Shareholders confirmed the appointment of Mr. Sushil Kumar as a Director and subsequently as a Whole-time Director, with a term running from January 1, 2027, to December 31, 2031. Additionally, Mr. Marco Simiano was appointed as a Non-Executive and Non-Independent Director, strengthening the company's oversight board.
Operational Approvals
The company received shareholder approval for material related party transactions with LM Wind Power Blades (India) Private Limited and GE Vernova Inc. These transactions are central to the company’s supply chain and operational synergy with its global parent. Furthermore, the remuneration for M/s. Ramanath Iyer & Co. as cost auditors for the upcoming 2027 fiscal year was ratified.
What to track next
The final voting results for the 11 resolutions will be submitted to the exchanges within two days of the conclusion of the meeting. Investors should look for the official disclosure of these results to confirm the exact margins of approval for special business items.