GE Power India Limited will convene meetings for its equity shareholders and unsecured creditors on July 20, 2026, to consider a proposed scheme of arrangement with JSW Energy Limited. The meetings are being held pursuant to the directions of the National Company Law Tribunal (NCLT), Mumbai Bench, as per its order dated June 2, 2026. The scheme, if approved, will be implemented under Sections 230 to 232 of the Companies Act, 2013.

The meeting for equity shareholders is scheduled for 2:30 p.m. (IST) via video conferencing or other audio-visual means. The cut-off date for determining eligibility for e-voting is Monday, July 13, 2026. Remote e-voting for shareholders will commence on Thursday, July 16, 2026, at 9:00 a.m. (IST) and conclude on Sunday, July 19, 2026, at 5:00 p.m. (IST).

The meeting for unsecured creditors will take place on the same day at 4:30 p.m. (IST), also through video conferencing. The cut-off date for e-voting for creditors was Sunday, May 31, 2026. Remote e-voting for this category begins on Monday, July 20, 2026, and ends on the same day.

Meeting Schedule

E-Voting Timelines

The notices and the explanatory statement under Sections 230 and 232 of the Companies Act, 2013, are available on the company's website. The filing was submitted to the National Stock Exchange of India Ltd. and BSE Ltd. on June 18, 2026.

GE Power India Limited has received an order from the National Company Law Tribunal (NCLT), Mumbai Bench, directing it to convene meetings of its equity shareholders and unsecured creditors within 70 days to consider the proposed demerger with JSW Energy Limited. The order, dated June 2, 2026, was uploaded on the tribunal's website on June 3, 2026. This regulatory approval advances the Scheme of Arrangement under Sections 230 to 232 of the Companies Act, 2013, facilitating the corporate restructuring between the two entities.

The meetings must be conducted through video conferencing or other audio-visual means within 70 days from the date of receipt of the order, June 3, 2026. The purpose of these gatherings is to enable shareholders and unsecured creditors to consider and, if deemed fit, approve the proposed Scheme. The filing was signed by Puneet Bhatla, Managing Director of GE Power India Limited, and submitted under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The Scheme of Arrangement designates GE Power India Limited as the Demerged Company and JSW Energy Limited as the Resulting Company. The arrangement encompasses the respective shareholders and creditors of both entities. GE Power India had previously intimated the exchanges regarding the scheme on September 18, 2025, and April 2, 2026.

Key Details of the NCLT Order