GE Power India Concludes Meetings Approving Scheme of Arrangement with JSW Energy Limited

GE Power India Concludes Meetings Approving Scheme of Arrangement with JSW Energy Limited​

GE Power India Limited held the meetings for its Equity Shareholders and Unsecured Creditors on Monday, July 20, 2026, concluding both proceedings regarding a proposed Scheme of Arrangement involving JSW Energy Limited. The meetings were convened following directions from the National Company Law Tribunal, Mumbai Bench.

The Company conducted two separate statutory meetings, each focused on obtaining approval for the Scheme between GE Power India Limited and JSW Energy Limited, which is governed by relevant sections of the Companies Act, 2013. Both meetings, held via Video Conferencing (VC) or Other Audio-Visual Means (OAVM), were chaired by Hon'ble Member (Retd.) (J) Shri Mohan Prasad Tiwari.

Equity Shareholders Meeting Summary​

The meeting of the Equity Shareholders took place on July 20, 2026. The Chairperson informed participants about the purpose of the gathering—to consider and approve the proposed Scheme of Arrangement.

The business transacted at the meeting involved a single resolution: the approval of the Scheme of Arrangement between GE Power India Limited and JSW Energy Limited and their respective shareholders.

Details regarding the Equity Shareholders meeting are summarized below:


The company had earlier provided a remote e-voting facility to its Equity Shareholders, which ran from July 16, 2026, until Sunday, July 19, 2026. Additionally, the option for e-voting at the meeting was maintained open for 15 minutes after the conclusion of the primary session.

Unsecured Creditors Meeting Summary​

Subsequently, the meeting of the Unsecured Creditors was held on the same day to address the Scheme. The process involved briefings regarding the Scheme's features and subsequent voting on the required resolution.

The outcome of the Unsecured Creditors meeting is detailed in the following table:


Similar to the Equity Shareholders meeting, the Company provided remote e-voting for Unsecured Creditors from July 16, 2026, until July 19, 2026. A final voting window through e-voting at the meeting was maintained open for 15 minutes following the meeting's conclusion.

GVPIL Stock Price Movement​

Today, shares of GE Power India Limited edged higher to close at ₹832.55, rallying 4.99% in the post-market session. The stock traded within a range from ₹786.9 to ₹832.55, with a volume of 222,885 shares recorded today.