GE Power India Limited has issued a notice to shareholders regarding the transfer of unclaimed dividends and equity shares to the Investor Education and Protection Fund (IEPF) Authority. The company has advised shareholders to claim any outstanding dividends immediately to avoid the transfer of funds and shares to the government-established fund.

The notice specifically addresses unpaid dividends declared for the financial years 2018-19, 2019-20, and 2020-21. According to the company's records, these dividends remain unclaimed as of the current date. Under Section 124(6) of the Companies Act, 2013, any dividend that remains unpaid or unclaimed for seven consecutive years must be transferred to the IEPF. Additionally, the equity shares corresponding to these unclaimed dividends are also liable to be transferred to the IEPF Demat Account.

Shareholders have been instructed to submit the required documents to claim their unpaid dividends. The necessary documents include a duly filled and signed Letter of Undertaking, a self-attested copy of PAN Card and Address Proof, and a copy of a cancelled cheque. These documents must be submitted to the company’s Registrar and Transfer Agents, KFin Technologies Limited, or directly to the company’s office.

The company has set Saturday, August 22, 2026, as the final deadline for the receipt of these claims. It was noted that no dividends were declared by the company for the financial years 2021-22, 2022-23, 2023-24, and 2024-25. Furthermore, unpaid dividends up to the financial year 2017-18 have already been transferred to the IEPF.

Once the transfer to the IEPF is completed, the company will not entertain any claims regarding the dividend amounts or the equity shares. Shareholders with queries have been requested to contact GE Power India Limited or KFin Technologies Limited at the provided contact details.

GE Power India has entered into strategic agreements with Quality Profiles Private Limited to establish a dedicated facility for the refurbishment and repair of large rotating equipment. The agreements, comprising a Leave and License Agreement and a Contract Manufacturing Agreement, were executed on 20 May 2026.

Agreement Details

Under the Leave and License Agreement, GE Power India will grant Quality Profiles the right to use specified land, shed, and related infrastructure at Vadodara. The term of the license is set for 60 months from the date of execution, including a lock-in period of 48 months. The initial 53 weeks, designated for facility setup, will be a license fee-free period.

Financial Commitments

The Contract Manufacturing Agreement outlines specific capital expenditure and revenue commitments. GE Power India will invest ₹18 crores in civil infrastructure and plant and equipment, while Quality Profiles will invest ₹25 crores in machinery procurement and installation.

Operational Scope

Quality Profiles will manufacture products solely and exclusively for GE Power India based on purchase orders. The scope of work includes the refurbishment and restoration of steam turbine and generator components such as rotors, stators, valve chests, and bearings. The entity reported a turnover of ₹36.2 crore for the period ending 31 March 2025, whereas GE Power India reported a turnover of ₹1269.27 crore for the year ending 31 March 2026.

Source: https://lodr-files.dhan.co/lodr-inputs/Company/INE878A01011/2604ce2235624647.pdf