Dear Sir, We write with reference to our letter dated September 14, 2021, informing the Exchange about the appointment of Mr. Rajendra Sheshadri Iyer (DIN 0009319795) as Director, liable to retire by rotation, with effect from October 1, 2021, subject to approval of shareholders of the Company. In this respect, in terms of NSE circular NSE/CML/2018/24 and BSE circular LIST/COMP/14/2018-19 dated June 20, 2018, we would like to affirm that Mr. Rajendra Sheshadri Iyer is not debarred from holding the office of director by virtue of any SEBI Order or any other such authority. This is for your information and records.
The Board of Directors of the Company at its meeting held on September 14, 2021: 1. accepted resignation of Mr. Emanuel Esteban Nicolas Bertolini (DIN 0009071393) as Director of the Company with effect from October 1, 2021, who has resigned from the Board upon taking sabbatical leave from General Electric and later will be looking at a new role within General Electric. 2. appointed Mr. Rajendra Sheshadri Iyer (DIN 0009319795) as Director, liable to retire by rotation, with effect from October 1, 2021 subject to approval of shareholders of the Company to fill up the casual vacancy caused due to resignation of Mr. Emanuel Esteban Nicolas Bertolini. The details are attached herewith.
Dear Sir, We write with reference to our earlier update dated 30 April 2021, wherein we informed that in relation to short term, non-exclusive contracts/purchase orders for global engineering services with other companies in the GE Grid Solutions division outside India, the Company was formally notified that with effect from 30 June 2021 no new contracts/purchase orders will be issued to the Company in relation to those services and existing contracts/purchase orders will lapse at their expiry date or be terminated by notice. Subsequently on this matter as last informed on July 31, 2021 GE Grid Solutions extended the termination date to August 31, 2021. On request of the management, GE Grid Solutions has vide its communication dated August 26, 2021 further extended the date of termination to December 31, 2021. The management continues to explore options to minimize the impact of such termination on the Company. This is for information of the exchange and the members.
Please find enclosed a copy of the Transcript of earnings conference call with analysts/ institutional investors held on August 17, 2021 in respect of financial results for the first quarter ended on June 30, 2021. You are requested to take note of the same.
Dear Sir, Further to our letter dated August 12, 2021, enclosed please find a copy of the analyst presentation in respect of earnings conference call with analysts/ institutional investors. You are requested to take note of the same. Thanking you, Yours faithfully,
Higher freight cost, forex loss (Rs60-70mn) and higher reimbursement expenses impacted EBITDA margin (0.2% in Q1FY22). GE T&D; (GETD) reported poor quarterly performance led by lower execution and higher expenses. Revenue was flat YoY at Rs6.4bn, due to closure of most of the factory for nine days due to pandemic. Despite increase in commodity price, gross margins expanded (32.3% in Q1FY22) due to better product mix with higher contribution of product business, though it is...
Dear Sir Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we enclose herewith Newspaper advertisement published in Financial Express (all editions) and Jansatta (New Delhi) regarding unaudited financial results for the first quarter ended on June 30, 2021. You are requested to take note of the same. Thanking you, Yours faithfully,