JSW Energy Holds Meetings of Shareholders and Unsecured Creditors on Scheme of Arrangement with GE Power India Limited

JSW Energy Holds Meetings of Shareholders and Unsecured Creditors on Scheme of Arrangement with GE Power India Limited​

JSW Energy Limited held two key meetings—one of its Equity Shareholders and another of its Unsecured Creditors—on Monday, July 20, 2026. The meetings were convened through Video Conferencing (VC) / Other Audio Visual Means (OAVM) and focused on the Scheme of Arrangement involving JSW Energy Limited and GE Power India Limited.

The Equity Shareholders meeting was held from 10:30 a.m. to 11:39 a.m. (IST), followed by the Unsecured Creditors' meeting, which ran from 12:30 p.m. to 12:57 p.m. (IST). At both meetings, all items of business were transacted and approved by the Members and Unsecured Creditors with the requisite majority.

Proceedings for Equity Shareholders​

The Equity Shareholders meeting was conducted under the chairmanship of Mr. Mohan Prasad Tiwari, a former member of the National Company Law Tribunal, which had appointed him as Chairman of the Meeting. Ms. Pooja Singhal, Practising Company Secretary, served as the Scrutinizer for the session.

Management representatives present at the meeting included Mr. Sharad Mahendra, Joint Managing Director and CEO, and Mr. Chandrasekaran Prabhakaran, Chief Financial Officer. Other attendees through VC included members of the Audit and Stakeholders Relationship Committee and the Compensation and Nomination & Remuneration Committee. The statutory auditor Deloitte Haskins & Sells LLP and secretarial auditor Purwar & Purwar Associates LLP were also present via VC.

Mr. Sharad Mahendra briefed the shareholders on the rationale and background of the Scheme of Arrangement between GE Power India Limited and JSW Energy Limited.

The meeting included a discussion on the salient features of the Scheme. Shareholders raised queries regarding transaction costs, the basis of the share swap ratio, benefits to the company, and completion timelines, all of which were addressed by the management. The primary agenda item—the approval of the Scheme of Arrangement under Sections 230 to 232 of the Companies Act, 2013—was duly transacted.

The company had provided remote e-voting facilities for eligible shareholders from July 16, 2026, until July 19, 2026. Shareholders present at the meeting also had access to e-voting.

Unsecured Creditors Meeting Outcome​

Subsequently, the Unsecured Creditors meeting was conducted using VC/OAVM and presided over by Mr. Mohan Prasad Tiwari, who also served as Chairman for the shareholders' meeting. The core attendees included management representatives and representatives from the statutory and secretarial auditors.

The Unsecured Creditors were informed about the Scheme of Arrangement. The company had offered remote e-voting to all unsecured creditors, which was available until July 19, 2026. Like the shareholder meeting, the agenda item for the approval of the Scheme by Special resolution under Section 230(6) of the Companies Act, 2013, was transacted.

The Chairman invited Unsecured Creditors to raise queries; however, there were no questions raised during the proceedings. The Meeting concluded after the e-voting process was completed.

JSWENERGY Stock Price Movement​

JSW Energy Limited shares climbed 4.64% in a positive session, settling at ₹567.70 as the company closed for the day. The move was backed by solid trading activity, with over 5.7 million shares transacted during the final session.