The Board of Directors of GE T&D India Ltd has accepted resignation of Mr. Gaurav Manoher Negi as Whole-time Director & Chief Financial Officer of the Company to be effective from end of business hours on September 30, 2019 as he is taking up responsibility to be the Chief Financial Officer for GE Renewables Onshore Wind, Asia Pacific Region in addition to overseeing Grid finance function, India Region. He will continue to be non-Executive Director on the Board of Directors of the Company.
The Board members acknowledged and appreciated valuable contribution made by Mr. Negi, during his tenure as Whole-time Director & Chief Financial Officer the Company.
The Nomination and Remuneration Committee shall be identifying and recommending to the Board a suitable successor for the role.
Shares of GE T&D India Ltd was last trading in BSE at Rs.164.4 as compared to the previous close of Rs. 165.9. The total number of shares traded during the day was 558 in over 58 trades.
The stock hit an intraday high of Rs. 166.65 and intraday low of 160.55. The net turnover during the day was Rs. 91469.