Shareholders of Ge Power approved all ten resolutions tabled at its 34th Annual General Meeting (AGM) held on Friday, August 14, 2026. The meeting was conducted through Video Conference/Other Audio Visual Means (VC/OAVM) in compliance with Ministry of Corporate Affairs (MCA) circulars.

The company reported a total of 72,829 shareholders on the record date of August 7, 2026. Of these, 127 members participated in the voting process, comprising 115 via remote e-voting and 12 through Instapoll during the AGM. One promoter group member and 45 public shareholders attended the virtual meeting.

Key Resolutions Passed

The scrutinizer’s report confirmed that all eight ordinary resolutions and two special resolutions were passed with requisite majority. Key corporate governance actions included:

• Director Appointments: Re-appointment of Mr. Craig Martin Richards by rotation and Ms. Shukla Wassan as Non-Executive Independent Director. Appointment of Mr. Shrikar Thakur as Whole-Time Director.
• Auditor Appointment: Re-appointment of M/s. Deloitte Haskins & Sells as Statutory Auditors for a second term of five years.
• Dividend: Declaration of final dividend for FY26 (amount per share not specified in voting results).
• Related Party Transactions: Approval of material transactions with LM Wind Power Blades (India) Private Limited and GE Vernova Inc.

Voting Details

Remote e-voting was open from August 11 to August 13, 2026. The Instapoll voting during the AGM commenced at 12:23 pm and concluded at 12:38 pm. Remote e-voting results were unblocked at 12:42 pm in the presence of independent witnesses.

The consolidated scrutinizer’s report was filed pursuant to Regulation 44(3) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Hemant Kumar Singh of Hemant Singh & Associates served as the scrutinizer.

GE Power reported a sharp rise in profitability for the first quarter, with net profit climbing 66% year-on-year to ₹525 million. The company’s revenue also expanded by 7% to ₹3.1 billion, up from ₹2.9 billion in the corresponding period last year.

The divergence between revenue growth and profit expansion suggests improved cost management or margin enhancement during the period. While top-line growth remained modest, the substantial jump in bottom-line figures indicates stronger operational efficiency.

Financial Performance

What the Numbers Show

The data reveals a notable decoupling between revenue and profit growth. With revenue increasing by only 7% while net profit surged by 66%, GE Power appears to have benefited from either reduced operating expenses, favorable one-time items, or improved gross margins. This pattern suggests that profitability drivers are currently more impactful than volume or price-led revenue growth.