GE Vernova T&D India Limited has informed the Exchange regarding Notice of Postal Ballot
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GE Vernova T&D India Limited is seeking shareholder approval via postal ballot for material related party transactions with GE Grid Solutions LLC, a fellow subsidiary of GE Vernova Inc. The proposed transactions involve sale and purchase of goods and/or services including project-related services up to USD 151 million (approximately INR 13,600 million). This amount represents 31.7% of the company's annual consolidated turnover, exceeding the 10% materiality threshold requiring shareholder approval. The transactions are in the ordinary course of business, at arm's length, and in the interest of the company. Prior transactions totaled INR 702 million in FY 2024-25 and INR 963.6 million from April to December 2025. The tenure is up to 2 years from approval date.
Shareholders should note this is a routine governance requirement for related party transactions exceeding regulatory thresholds. The transaction supports the company's international business operations and manufacturing capacity utilization through its GE Vernova group relationship.