Triveni Turbine Limited has informed the Exchange regarding Notice of Postal Ballot
TRITURBINE · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Triveni Turbine Limited has sent out a Postal Ballot Notice to shareholders seeking approval for the re-appointment of Mr. Nikhil Sawhney (DIN: 00029028) as Vice Chairman and Managing Director for a further period of 5 years with effect from May 10, 2026. His current term expires on May 9, 2026. The proposed remuneration includes a basic salary of ₹25 lakh to ₹40 lakh per month, plus allowances, perquisites, and performance bonus, with an overall ceiling of ₹30 crore per year. He drew ₹11.03 crore in FY25. Remote e-voting runs from February 25, 2026 to March 26, 2026, with results to be announced by March 30, 2026. The company highlighted Mr. Sawhney's track record, including consolidated revenue growing from ₹703 crore in FY21 to ₹2,006 crore in FY25 (30% CAGR) and PAT rising from ₹103 crore to ₹359 crore (37% CAGR).
This is a routine re-appointment of the existing Managing Director and reflects leadership continuity. Approval is widely expected given his strong growth track record, so the announcement is unlikely to materially move the stock. Shareholders should vote via e-voting before March 26, 2026 to have their say on his continuation and remuneration terms.