The Board of Directors of GE T&D India Ltd at its meeting held today accepted resignation of Mr. Sunil Wadhwa as Managing Director and Director to be effective from close of business hours on September 30, 2019, who has decided to pursue his other professional interests outside the Company.
The Board acknowledged and appreciated the valuable contribution made by Mr. Wadhwa, during his tenure as Managing Director of the Company.
The Nomination and Remuneration Committee shall identify and recommend to the Board a suitable successor for the position of the Managing Director.
Shares of GE T&D India Ltd was last trading in BSE at Rs.150.5 as compared to the previous close of Rs. 157.6. The total number of shares traded during the day was 1071 in over 87 trades.
The stock hit an intraday high of Rs. 158.4 and intraday low of 150.4. The net turnover during the day was Rs. 164796.