GE Power India Limited to hold Shareholder and Creditor Meetings on July 20 for Scheme of Arrangement
GE Power India Limited will hold meetings for Equity Shareholders and Unsecured Creditors on July 20, 2026, to approve a Scheme of Arrangement with JSW Energy Limited. The meetings will be held via video conference. Cut-off dates for voting eligibility are July 13, 2026, for shareholders and May 31, 2026, for creditors.
The announcement concerns a significant corporate action, a scheme of arrangement involving a demerger, which could have a material impact on the company's structure and future operations. The involvement of the National Company Law Tribunal and the potential approval by shareholders and creditors indicate medium to high impact.
The announcement is a procedural notice regarding upcoming meetings for a scheme of arrangement. It does not contain financial results or specific business updates that would indicate a positive or negative sentiment.
GE Power India Limited has announced that meetings for its Equity Shareholders and Unsecured Creditors will be held on Monday, July 20, 2026. The Equity Shareholders meeting is scheduled for 02:30 P.M. IST, and the Unsecured Creditors meeting will commence at 04:30 P.M. IST. These meetings, to be conducted via video conferencing or other audio-visual means, are convened as per the directions of the National Company Law Tribunal, Mumbai Bench, dated June 02, 2026. The purpose of these meetings is to consider and, if thought fit, approve the proposed Scheme of Arrangement between GE Power India Limited (Demerged Company) and JSW Energy Limited (Resulting Company) and their respective shareholders, under Sections 230 to 232 of the Companies Act, 2013.
The cut-off date for determining the eligibility of equity shareholders to vote and attend the meeting is Monday, July 13, 2026. For unsecured creditors, the cut-off date is Sunday, May 31, 2026. The notice for these meetings, along with the Scheme and explanatory statements, has been sent to eligible shareholders and creditors. Physical copies of the documents can be obtained free of charge upon written request.
Mr. Mohan Prasad Tiwari has been appointed as the Chairperson for both meetings, and Ms. Pooja Singhal will serve as the Scrutinizer. The Scheme's approval by shareholders and creditors is subject to the subsequent sanction of the Tribunal and other necessary regulatory approvals. Physical attendance has been dispensed with, and proxy appointments will not be available.
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GE Power India Limited filed this with the NSE as a statutory disclosure, categorised under other corporate actions. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by GE Power India Limited. Read the original for the full detail.