GE Power Limited has fixed Friday, 31 July 2026 as the record date for determining the eligibility of members entitled to receive the final dividend for the financial year ended 31 March 2026. The Board of Directors had previously recommended a dividend of ₹7 per equity share of ₹10 each, contingent upon shareholder approval at the upcoming Annual General Meeting (AGM).

The 34th AGM is scheduled to be held on Friday, 14 August 2026. Pursuant to Regulation 42 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, the record date has been established to identify shareholders eligible for the payout. The dividend will be paid within the prescribed timeline following the AGM, subject to the deduction of tax at source as applicable.

Key Dividend Details

GE Power India has made available the audio recording of its investor meet held on July 10, 2026, on its website. The meeting was conducted to discuss corporate developments, including the proposed demerger of its Durgapur business to JSW Energy Limited. This disclosure was submitted to the National Stock Exchange of India Ltd. and BSE Ltd. pursuant to Regulation 30 of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015.

Financial Turnaround

Management highlighted a significant financial turnaround over the past two years. The company’s net worth grew more than eight-fold, climbing from ₹57 crores in March 2024 to ₹483 crores by March 2026. Liquidity improved from a deficit of ₹66 crores in 2023 to a robust ₹880 crores by March 2026. Additionally, the company reduced bank guarantee exposure by ₹1,364 crores over two years. EBITDA turned positive, reaching ₹277 crores in FY 2026 from a loss of ₹251 crores in FY 2023. The credit rating was upgraded to BBB+ with a stable outlook as of June 2026, and a dividend was declared in 2026.

Operational Performance

Order bookings in the core services business grew from ₹299 crores in 2021-2022 to ₹734 crores in 2025-2026, representing a CAGR of approximately 25%. The company also reported strong progress in the oOEM segment, where order growth increased from ₹162 crores to around ₹320 crores.

Demerger Details

The Durgapur facility, which has faced significant underutilization and average losses of approximately ₹27 crores per year from 2023 to 2025, will be demerged to JSW Energy. The transaction is subject to sanction by the National Company Law Tribunal and will be effective retrospectively from July 1, 2025.

Share Entitlement

Under the Scheme of Arrangement, shareholders will receive shares without any dilution in their existing holding of GE Power India. The entitlement ratio is as follows:

A five-year manufacturing services agreement with JSW Energy has been established to ensure reserved capacity at pre-agreed schedules and pricing, ensuring no disruption to the core services business. The Board of Directors has unanimously approved the resolution.