GE Power India Limited Receives Observations from BSE and NSE Regarding Scheme of Arrangement

GE Power India Limited Receives Observations from BSE and NSE Regarding Scheme of Arrangement​

GE Power India Limited has received observation letters from the Bombay Stock Exchange (BSE) and the National Stock Exchange of India Limited (NSE) regarding the proposed Scheme of Arrangement between GE Power India Limited (the Demerged Company) and JSW Energy Limited (the Resulting Company). The observations were received on April 1, 2026.

The BSE provided an observation letter with "No Adverse Observations," while the NSE issued a letter with "No Objection." These observations pertain to the scheme, which is being pursued under Sections 230 to 232 and other applicable provisions of the Companies Act, 2013.

The Scheme remains subject to receipt of applicable regulatory and other approvals. The observation letters are available on the company’s website at https://www.gevernova.com/regions/asia/in/ge-power-india-limited.

According to a communication from the Securities and Exchange Board of India (SEBI) dated March 30, 2026, SEBI has provided comments on the draft scheme of arrangement. These comments, in accordance with Regulation 37(1) of the SEBI Master Circular dated June 20, 2023, include requirements for disclosures related to ongoing legal proceedings, ensuring the accuracy of financial information not older than six months, and providing detailed information about the scheme’s rationale, valuation, and potential impact on shareholders. The NSE's letter also references SEBI's observations. The validity of the NSE's "No objection" is six months from April 1, 2026.

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