Triveni Turbine Limited has announced that its shareholders have approved the re-appointment of Mr. Nikhil Sawhney as Managing Director, designated as Vice Chairman and Managing Director, through a postal ballot process conducted via remote e-voting.

The resolution was passed with a strong majority, reflecting continued shareholder confidence in the company’s leadership.

Voting Results Overview

The voting process concluded on March 26, 2026, and the results were officially declared on March 27, 2026, along with the Scrutinizer’s Report.

Key voting highlights:

• Total valid votes cast: 28,28,93,593
• Votes in favour: 24,01,93,526 (84.91 percent)
• Votes against: 4,27,00,067 (15.09 percent)

The resolution was passed as a special resolution, requiring a higher threshold of approval.

Strong Support from Promoters

The promoter and promoter group showed complete support for the resolution.

• Votes polled: 17,75,06,774
• Votes in favour: 100 percent

This indicates full backing from the company’s promoters, reinforcing confidence in the current leadership.

Institutional and Public Voting Trends

Public Institutional Investors

• Votes polled: 10,53,33,199
• Votes in favour: 59.47 percent
• Votes against: 40.53 percent

Institutional investors showed mixed sentiment, with a significant portion voting against the resolution.

Public Non-Institutional Investors

• Votes polled: 53,620
• Votes in favour: 88.74 percent
• Votes against: 11.26 percent

Retail and non-institutional investors largely supported the reappointment.

Postal Ballot and E-Voting Process

The company conducted the voting process through remote e-voting, in compliance with:

• Companies Act, 2013
• SEBI Listing Regulations
• MCA circulars on electronic voting

Key process details:

• Voting period: February 25 to March 26, 2026
• Platform used: NSDL e-voting system
• Total shareholders on cut-off date: 1,71,331

The process ensured transparency, fairness, and accessibility for all eligible shareholders.

Role of Scrutinizer

The voting process was independently monitored by:

• Sanjay Grover & Associates, Company Secretaries

The scrutinizer confirmed that:

• The voting was conducted in a fair and transparent manner
• Results were accurately compiled based on NSDL records

This adds credibility to the outcome of the resolution.

Leadership Continuity and Strategic Impact

The reappointment of Mr. Nikhil Sawhney ensures continuity in leadership at a crucial time for the company.

Leadership stability is important for:

• Strategic decision-making
• Execution of long-term growth plans
• Maintaining investor confidence

Mr. Sawhney has played a key role in shaping the company’s growth trajectory in recent years.

Corporate Governance Perspective

While the resolution passed comfortably, the voting pattern shows:

• Strong promoter support
• Moderate institutional backing
• High retail investor confidence

The presence of dissenting votes, especially from institutions, reflects:

• Active shareholder participation
• Increasing focus on corporate governance and accountability

About Triveni Turbine Limited

Triveni Turbine Limited is a leading industrial steam turbine manufacturer in India.

The company operates across:

• Industrial power generation
• Renewable energy solutions
• Global turbine supply and services

With manufacturing facilities in Bengaluru and Noida, the company serves both domestic and international markets.

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