GVT&DNSEGE Vernova T&D India LimitedMediumNeutral
Announced Mon, 18 May · 19:48 IST

GE Vernova T&D India Limited has informed the Exchange regarding Change in Auditors of the company.

Management Changes View source PDF

GVT&D · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reaction · full curve 14 horizons · vs prior close
+6.0%1-day move
₹4428.70
prior close
₹4350.00
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+3.4+1.4+2.4+0.9+6.0+8.2+9.5+7.8+9.2+12.9+10.0+23.9+0.9
Up moveDown movePending
AI summary

The Board of Directors met on May 18, 2026, and approved multiple appointments. Deloitte Haskins & Sells was re-appointed as Statutory Auditors for a second 5-year term from the 70th to 75th AGM. M/s Ramanath Iyer & Co. was appointed as Cost Auditors for FY 2026-27. Mr. Sushil Kumar was re-appointed as Whole Time Director and CFO for 5 years (January 2027 to December 2031). Mr. Marco Simiano, currently Chief Commercial & Product Officer at GE Vernova's Grid Automation, was appointed as Additional Non-Executive Non-Independent Director effective July 1, 2026. All appointments are subject to shareholder approval at the ensuing AGM.

Likely market impact

All these are routine governance appointments with no red flags. The continuity of Deloitte as auditors and Sushil Kumar as CFO provides stability. The new director appointment brings international energy sector expertise to the board.