StockWatch
·
Power Generation
Merger22 Jul 2026, 12:52 pm

JSW Energy Shareholders Approve Scheme of Arrangement

AI Summary

JSW Energy Ltd has announced the voting results and scrutinizer's reports for meetings of its Equity Shareholders and Unsecured Creditors. The meetings, held on July 20, 2026, were convened pursuant to an order from the National Company Law Tribunal (NCLT) dated June 2, 2026. The primary agenda was to approve a Scheme of Arrangement between GE Power India Limited (Demerged Company) and JSW Energy Limited (Resulting Company). The voting results indicate overwhelming support, with 100% of votes polled in favour of the resolution for both equity shareholders and unsecured creditors, across e-voting and poll methods. The detailed reports are available on the company's website and the Registrar and Share Transfer Agent's portal.

Key Highlights

  • Shareholders and creditors overwhelmingly approved the Scheme of Arrangement.
  • The resolution received 100% 'in favour' votes from those polled.
  • Meetings were held on July 20, 2026, as per NCLT order.
  • The scheme involves GE Power India Limited and JSW Energy Limited.
  • Detailed voting results and scrutinizer reports are publicly available.