JSW Energy Limited will hold meetings of its equity shareholders and unsecured creditors on July 20, 2026, via video conferencing, pursuant to an order from the National Company Law Tribunal (NCLT), Mumbai Bench dated June 2, 2026. The meetings are scheduled to seek approval for a scheme of arrangement with GE Power India Limited under Sections 230 to 232 of the Companies Act, 2013. The equity shareholders' meeting is set for 10:30 a.m. (IST), followed by the unsecured creditors' meeting at 12:30 p.m. (IST). The scheme outlines a share entitlement ratio where 10 fully paid-up equity shares of JSW Energy will be issued for every 139 fully paid-up equity shares held in GE Power India. The appointed date for the scheme is July 1, 2025.

Key Meeting Details

The NCLT has appointed Mr. Mohan Prasad Tiwari as the Chairperson for the meetings and Ms. Pooja Singh as the Scrutinizer. Physical attendance has been dispensed with, and the facility of appointment of proxies is not available. Equity shareholders and unsecured creditors may vote through e-voting at the meeting or via remote e-voting.

Voting Schedule

Financial and Regulatory Status

The scheme has received observation letters from BSE Limited and National Stock Exchange of India Limited dated April 1, 2026, confirming no adverse observations. Fairness opinions have been issued by IDBI Capital Markets & Securities Limited for GE Power India and 3Dimension Capital Services Limited for JSW Energy. A joint share entitlement ratio report was prepared by RBSA Valuation Advisors LLP and GT Valuation Advisors Private Limited.

The existing debt structure of JSW Energy includes long-term debts of INR 6,104.08 crore, comprising non-convertible debentures (NCDs) of INR 2,500 crore and term loans of INR 3,604.08 crore. The scheme specifies that holders of NCDs in JSW Energy will continue to hold them on the same terms and conditions post-effectiveness of the scheme.

JSW Energy Limited has provided a web-link and QR code for shareholders to access the Integrated Annual Report for the financial year 2025-26. The report includes the Notice convening the 32nd Annual General Meeting scheduled for Thursday, July 9, 2026, at 11:00 a.m. (IST) through Video Conferencing and Other Audio Visual Means. The company disclosed that the report is available on its website and the websites of BSE Limited, National Stock Exchange of India Limited, and KFin Technologies Limited.

E-voting and Speaker Registration Schedule

The company has established the remote e-voting schedule for the upcoming AGM. Members holding shares as of Thursday, July 2, 2026, the cut-off date for eligibility, may cast their votes remotely. The remote e-voting period commences at 9:00 a.m. (IST) on Monday, July 6, 2026, and concludes at 5:00 p.m. (IST) on Wednesday, July 8, 2026. The facility will also be available during the AGM via Insta Poll for those who have not voted remotely.

Speaker registration for the AGM is open from Sunday, July 5, 2026, at 9:00 a.m. (IST) until Tuesday, July 7, 2026, at 5:00 p.m. (IST). Shareholders must submit requests from their registered email addresses, including their name, DP ID, Client ID or folio number, and mobile number.