GVT&DNSEGE Vernova T&D India LimitedHighNeutral
Announced Mon, 18 May · 20:10 IST

GE Vernova T&D India Limited has informed the Exchange regarding Change in Director(s) of the company.

Management Changes View source PDF

GVT&D · price

Loading chart…

▲ 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 GE Vernova T&D India held a meeting on May 18, 2026, and made several key appointments. Deloitte Haskins & Sells was re-appointed as Statutory Auditors for a further 5-year term, and Ramanath Iyer & Co. was appointed as Cost Auditors for FY 2026-27. Mr. Sushil Kumar was re-appointed as Whole Time Director and Chief Financial Officer for 5 years (January 1, 2027 – December 31, 2031), subject to shareholder approval. Additionally, Mr. Marco Simiano, currently Chief Commercial & Product Officer of Grid Automation at GE Vernova, was appointed as an Additional Director effective July 1, 2026, with his appointment to be ratified by shareholders at the AGM. Both director appointments are contingent on the allotment of Director Identification Numbers by the Ministry of Corporate Affairs.

Likely market impact

These are routine governance and appointment decisions. The re-appointment of the CFO and the addition of a senior GE Vernova executive (Marco Simiano) signal continuity in leadership and stronger alignment with the parent company, which could be viewed positively by investors.