GE Power India Limited has announced a key leadership change with the resignation of its Company Secretary and Compliance Officer. The company has informed stock exchanges about this development in accordance with regulatory requirements.

Key Personnel Change

Ms. Kamna Tiwari, who serves as Company Secretary and Compliance Officer of GE Power India Limited, has submitted her resignation from the position. Her resignation will become effective from the close of business hours on April 2, 2026.

Regulatory Compliance

The company has made this disclosure pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The announcement was communicated to both the National Stock Exchange of India Limited and BSE Limited on February 4, 2026.

The disclosure was signed by Puneet Bhatla, Managing Director of GE Power India Limited (DIN: 09536236), ensuring compliance with corporate governance requirements for reporting changes in key managerial personnel.

Company Information

GE Power India Limited operates under CIN L74140MH1992PLC068379 and trades on stock exchanges with the symbol GVPI on NSE and scrip code 532309 on BSE. The company maintains its corporate office in Noida, Uttar Pradesh, and registered office in Mumbai, Maharashtra.

Resignation Details

In her resignation letter dated February 3, 2026, Ms. Tiwari expressed appreciation to the Board of Directors and colleagues for their cooperation and support during her tenure. She wished the company continued success in its future endeavors as she transitions to pursue new career opportunities outside the organization.

GE Power India Limited has informed stock exchanges about receiving a significant Goods and Services Tax (GST) demand notice from tax authorities. The company disclosed this development in compliance with SEBI listing regulations, highlighting potential financial implications from the tax dispute.

GST Demand Details

The Joint Commissioner, Central Goods Service Tax Jurisdiction, Noida, Uttar Pradesh, has imposed a GST demand along with interest and penalty on the company. The demand covers the period from FY2018 to FY2021 and relates to alleged non-compliance in GST reporting procedures.

Nature of Dispute

The tax authorities have alleged that GE Power India Limited did not report and discharge GST liability on advances received for specified contracts in a timely manner. However, the company has clarified its position regarding the compliance issue.

The order has been passed under section 74 of the Central GST Act, 2017 and Uttar Pradesh GST Act, 2017. The company maintains that while the GST liability was not discharged on advances initially, it was subsequently discharged at the time of issuance of the corresponding invoices.

Company's Response

GE Power India Limited is currently in the process of evaluating the tax order received from the authorities. The company has indicated its intention to challenge the demand through proper legal channels.

The management plans to file an appeal against the GST demand order before higher forums. This approach suggests the company believes it has valid grounds to contest the tax authorities' interpretation of GST compliance requirements.

Regulatory Compliance

The company has fulfilled its disclosure obligations by informing both the National Stock Exchange of India Limited and BSE Limited about this development. This notification was made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The disclosure ensures that investors and stakeholders are aware of the potential financial implications arising from this tax dispute, maintaining transparency in corporate governance practices.