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Vernova T&D India LimitedMain BoardEquity2025-04-012026-03-312026-05-182026-05-01INRMillionsQuarterlyFourth quarterSingle segmentThe Company is engaged in the business relating to products, projects and systems for electricity transmission and related activities only. Accordingly, the Company has only one operating segment.2026-05-1817:28:002026-05-1818:29:00trueCash Flow IndirectDeclaration of unmodified opiniontruetrueNANAfalsetrue2026-01-28https://www.gevernova.com/gev/sites/default/files/2026-02/related-party-transactions-policy.pdffalsefalseDuring the F.Y., Company has not occrured any default on Loan. Futher, the default on Debt Security is not applicable on the Company.2026-01-012026-03-31UnauditedStandalone163708000003716000001674240000099756000000-1295000000118440000069800000121200000205640000012112400000463000000057300000468730000010993000007030000011696000000351770000000003517700000-2687000003249000000512100000213.7413.740013.7413.740001. Based on the guiding principals given in Ind AS-108 on "operating Segments", the Company's business activity fall within a single operating segment relating to products, projects and systems for electricity transmission and related activities. <BR> 2. The above financial results of the Company have been prepared in accordance with Indian Accounting Standards (Ind AS) as prescribed under Section 133 of the Companies Act, 2013 read with Rule 3 of the Companies (Indian Accounting Standards) Rules, 2015 and relevant amendment thereafter. <BR> 3. On November 2 1, 2025, the Government of India notified the four Labour codes - The code on Wages, 2019, The Industrial Relations code, The code on Social Security, 2020, and The Occupational Safety, Health and Working Conditions Code, 2020 - consolidating 29 existing Labour Laws, Based on the draft rules and FAQs issued by the ministry of labour and employment and best available information/interpretation, the <BR> Company estimated the financial implications thereof and made an additional provision of Rs 693.0 million during the quarter and nine months ended December 31, 2025. <BR> <BR> The Company has been continuously monitoring the developments around new labour codes and is in the process of evaluating the full impact of new wage code. Based on the reassessment/actuariavl aluations performed during the quarter, the impact got reduced by Rs 57.3 million and the same has been reversed in current quarter ended March 3 1, 2026. Considering the materiality, regulatory driven and non - recurring nature of the impact, the company has presented such impact under "Exceptional item". <BR> 4. Effective from 1 April 2023, the Company has adopted hedge accounting as per Ind AS 109 – Financial Instruments, in respect of specified highly probable forecast transactions. Consequently, the Company has recognized loss of Rs. 355.9 million for the current quarter, loss of Rs. 2,453.3 million for the financial year ended 31 March 2026 and a loss of Rs 267.9 million for the financial year ended 31 March 2025 on account <BR> of change in the fair value of derivatives (i.e. forward contracts) in other comprehensive income. <BR> When highly probable transactions become underlying transactions for the financial statements, the amount recognised in other comprehensive income will be reclassed to the profit and loss account with corresponding impact in respective underlying account balances. <BR> <BR> 5. The Company has no subsidiary/associate/joint venture company(ies), as on 31 March, 2026. <BR> <BR> 6. Previous pedocl/year figures have been re-grouped or reclassified to conform to such current period/year classification. <BR> <BR> 7. Figures for the quarter ended 31 March 2026 and 31 March 2025 are the balancing figures between audited figures in respect of full financial year and the published year to date figures upto the third quarter of the financial year. Also, the figures upto the end of the third quarter were only reviewed and not subjected to audit. <BR> 8. The Board of Directors has recommendeda final dividend of Rs 10 per equity share( face value of Re 2/- each) for the financial year ended March 31, 2026 at the board meeting held on 18 May 2026, which is subject to the approval of the shareholders of the Company at the ensuing Annual General Meeting.2025-04-012026-03-31AuditedStandalone6206310000090840000062971500000359782000000-2009500000447260000014750000046430000067855000004583860000017132900000-635700000164972000004549800000-3851000004164700000012332500000000012332500000-18565000001047600000051210000022639080000048.1648.160048.1648.16000Other Expenses2056400000Other Expenses67855000004041300000654100000742000000800000000000919000009190000022797000005057000000121990000001227680000002172260000015252600000246000009710400000227000000469372000000598130000065195300000773943000005121000002639080000026902900000269029000000000867000008670000014852000000001571900000011489000001465510000015804000000445570000020259700000242296000004086000000344200000489195000005049140000077394300000Other non-current financial assets91900000Other non-current assets5057000000Other current financial assets227000000Other current assets5981300000Other non-current financial liabilities86700000Other non-current liabilities0Other current financial liabilities4455700000Other current liabilities24229600000147500000-5208300000-74730000000-1459600000008500000005445100000012410000000046430000000000797000000807000000050200000000013356000000552130000022018500000000491970000001709880000000000000018842000000000000000000392700000000007113000000-8300000-5108200000000000000016110000012802000002890000000-1470200000105204000002030000010540700000471190000015252600000Remeasurements of defined benefits obligation-3000000-3000000Remeasurements of defined benefits obligation-27500000-27500000-700000-6900000Fair value changes on derivatives designated as cash flow hedges, net-355900000-355900000Fair value changes on derivatives designated as cash flow hedges, net-2453300000-2453300000-89500000-617400000-268700000-1856500000GE Vernova T&D India Ltd******Grid Solutions SAS******Fellow SubsidiarySale of goods or services2927550000Transactions in accordance with approval given by Audit Committee29275500002476910000477700000GE Vernova T&D India Ltd******UK Grid Solutions Ltd******Fellow SubsidiarySale of goods or services2091650000Transactions in accordance with approval given by Audit Committee2091650000449950000482800000GE Vernova T&D India Ltd******Grid Solutions Middle-East (FZE)******Fellow SubsidiarySale of goods or services822500000Transactions in accordance with approval given by Audit Committee8225000001094130000460300000GE Vernova T&D India Ltd******GE Grid Australia Pty Ltd******Fellow SubsidiarySale of goods or services501020000Transactions in accordance with approval given by Audit Committee50102000059373000098300000GE Vernova T&D India Ltd******GE Grid Solutions, LLC******Fellow SubsidiarySale of goods or services375230000Transactions in accordance with approval given by Audit Committee37523000064000003300000GE Vernova T&D India Ltd******Grid Solutions Portugal, Lda.******Fellow SubsidiarySale of goods or services351100000Transactions in accordance with approval given by Audit Committee351100000114780000525500000GE Vernova T&D India Ltd******Grid Solutions S.p.A.******Fellow SubsidiarySale of goods or services304040000Transactions in accordance with approval given by Audit Committee304040000137680000137200000GE Vernova T&D India Ltd******GE Grid Solutions S.A.******Fellow SubsidiarySale of goods or services232330000Transactions in accordance with approval given by Audit Committee23233000048331000097900000GE Vernova T&D India Ltd******PT Unelec Indonesia******Fellow SubsidiarySale of goods or services169830000Transactions in accordance with approval given by Audit Committee169830000213950000278500000GE Vernova T&D India Ltd******Grid Solutions Transmissao de Energia Ltda.******Fellow SubsidiarySale of goods or services156420000Transactions in accordance with approval given by Audit Committee15642000050300000115500000GE Vernova T&D India Ltd******GE Grid Solutions, S.A. de C.V.******Fellow SubsidiarySale of goods or services148190000Transactions in accordance with approval given by Audit Committee14819000000GE Vernova T&D India Ltd******Grid Solutions SAS - Dubai Branch******Fellow SubsidiarySale of goods or services128540000Transactions in accordance with approval given by Audit Committee12854000076100002200000GE Vernova T&D India Ltd******GE High Voltage Switchgear (Suzhou) Co., Ltd.******Fellow SubsidiarySale of goods or services114700000Transactions in accordance with approval given by Audit Committee1147000007087000049800000GE Vernova T&D India Ltd******GE Vernova Hydro Power India Pvt Ltd******Fellow SubsidiarySale of goods or services106210000Transactions in accordance with approval given by Audit Committee10621000078510000157600000GE Vernova T&D India Ltd******GE Grid Solutions Pte. 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