GE Power India announced that its equity shareholders and unsecured creditors have approved the proposed scheme of arrangement with JSW Energy. The resolution was passed with the requisite majority during meetings convened on July 20, 2026, pursuant to the directions of the National Company Law Tribunal (NCLT), Mumbai Bench. The scheme facilitates the arrangement between GE Power India Limited and JSW Energy Limited under Sections 230 to 232 of the Companies Act, 2013.

The equity shareholders' meeting approved the scheme with 99.99% of the votes polled in favour. A total of 48,058,883 votes were cast, representing 71.48% of the outstanding shares. The promoter group cast 46,102,083 votes, all in favour. Public institutions and non-institutions also supported the resolution, with 388,570 and 1,567,616 votes in favour respectively.

The unsecured creditors' meeting also approved the scheme with 99.93% of the votes in favour by value. The total value of votes cast was ₹1,325,478,994, with ₹1,324,628,994 voting in favour. The meetings were held via video conferencing, chaired by Hon'ble Member (Retd.) (J) Shri Mohan Prasad Tiwari.

Voting Results Summary

Ms. Pooja Singhal, Practicing Company Secretary, served as the Scrutinizer for the meetings. The company stated that the detailed voting results and the Scrutinizer's Report have been submitted to the exchanges and are available on its website.

GE Power India Limited has filed its Business Responsibility and Sustainability Report (BRSR) for the financial year 2025-26, disclosing a total energy consumption of 13,869.33 Giga Joules (GJ). The report, submitted pursuant to Regulation 34 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, details the company's environmental performance and governance structure. The company reported a turnover of ₹12,692,713,476 and a net worth of ₹4,828,684,236 as of March 31, 2026. While Corporate Social Responsibility (CSR) provisions were applicable, the mandated obligation was nil due to the average net profit of the last three financial years being negative.

The company reported total Scope 1 emissions of 83.24 metric tonnes of CO2 equivalent and Scope 2 emissions of 2,155.2 metric tonnes of CO2 equivalent. Energy consumption included 5,824.80 GJ from renewable sources and 8,044.53 GJ from non-renewable sources. The combined emission intensity per rupee of turnover was reported as 0.0000010927 GJ/₹. GE Power India faced a penalty of ₹319,483,311 from the Office of the Joint Commissioner, Central Goods & Service Tax, regarding alleged non-reporting and non-discharge of GST liability, against which the company has preferred an appeal.

Operational and Employee Metrics

The company's operations span 2 plants and 2 offices nationally, serving 36 states and union territories in India and 26 countries internationally. As of March 31, 2026, the company had 479 permanent employees and 18 permanent workers. The Board of Directors comprised six members, with one woman director representing 16.67% of the board. Key Management Personnel included three members, with one woman director representing 33.33%. The company's facilities are 100% compliant with the requirements of the Rights of Persons with Disabilities Act, 2016.

Governance and Safety

GE Power India maintained an occupational health and safety management system certified to ISO 45001. The company reported zero fatalities and zero lost time injuries during the financial year. The Sustainability Committee was dissolved with effect from February 11, 2026, and sustainability-related matters are now reviewed directly by the Board of Directors. The company continues to align its operations with the United Nations Sustainable Development Goals (UN SDGs) and the NGRBC principles.

Key Environmental Data