JSW Energy Ltd: Voting Results Show Scheme of Arrangement Approved by Equity Shareholders and Unsecured Creditors
JSW Energy Limited announced the voting results for its Tribunal Convened Meetings held on July 20, 2026, concerning the proposed Scheme of Arrangement between GE Power India Limited (the Demerged Company) and JSW Energy Limited (the Resulting Company). The meetings were convened as per an order dated June 2, 2026, from the Hon'ble National Company Law Tribunal (NCLT), Mumbai Bench.The meeting results showed a near unanimous approval by Equity Shareholders and a full approval of the scheme by Unsecured Creditors.
Equity Shareholders Meeting Results
The meeting saw the consideration and approval of the Scheme of Arrangement between GE Power India Limited and JSW Energy Limited. The voting process encompassed remote E-voting and e-voting conducted at the meeting.Out of 567,183 total shareholders on record date, the following participation was noted:
- Promoters and Promoter Group held 1,219,819,622 shares. Of these, 1,216,311,573 votes were polled via E-Voting, achieving a poll rate of 99.7124%.
- Public Institutions held 492,839,891 shares. A total of 423,247,647 votes (85.8793%) were polled through E-Voting.
- Public Non-Institutions held 120,823,223 shares. Out of these, 12,726,147 votes were cast via E-Voting, representing a poll rate of 10.5329%.
The aggregate voting statistics for the Equity Shareholders are detailed below:
| Category | Mode of Voting | No. of Shares Held | No. of Votes Polled | % of Votes Polled on Outstanding Shares | No. of Votes in Favour | No. of Votes Against | % of Votes in Favour on Votes Polled | % of Votes Against on Votes Polled |
|---|---|---|---|---|---|---|---|---|
| Total | Total | 1,833,482,736 | 1,652,285,927 | 90.1173% | 1,652,284,784 | 1,143 | 99.9999% | 0.0001% |
The resolution was deemed to have been approved on the date of the meeting with a majority of members representing three-fourths in value of the shares held by them voting in favour.
Unsecured Creditors Voting Results
For the Tribunal Convened Meeting of the Unsecured Creditors, the scrutiny reports confirmed that the resolution regarding the Scheme of Arrangement was approved. The meeting involved two modes of voting: remote E-voting and e-voting at the meeting.Total unsecured creditors registered were 47, with a total value of debt reported at 1,938,130,5516.
The consolidated results for the Unsecured Creditors are as follows:
| Mode of Voting | No. of Unsecured Creditors Voted | No. of Votes Cast (in terms of value of debt) | % of Total Valid Votes (by value of debt) |
|---|---|---|---|
| Remote E-voting | 42 | 1,937,231,0029 | 99.9536% |
| E-voting at the Meeting | 5 | 89,95487 | 0.0464% |
| Total | 47 | 1,938,130,5516 | 100.0000% |
The scrutinizer’s report confirmed that the resolution was approved on July 20, 2026, with a majority of Unsecured creditors representing three-fourths in value of the amount due to them voting in favour.
JSWENERGY Stock Price Movement
Shares of JSW Energy Limited are edging higher to ₹566.5 as of 12:51 PM today, bolstered by a gain of 0.05%. The stock is actively trading with a volume of 766,085 shares currently moving in the market.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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