StockWatch
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Power Generation
Legal20 Jul 2026, 09:20 pm

JSW Energy Shareholders, Creditors Approve Scheme of Arrangement

AI Summary

JSW Energy Ltd held meetings for Equity Shareholders and Unsecured Creditors on July 20, 2026, convened as per the National Company Law Tribunal's (NCLT) order dated June 2, 2026. Both meetings, conducted via Video Conferencing, saw the approval of the proposed Scheme of Arrangement between GE Power India Limited and JSW Energy Limited by the requisite majority. The resolutions passed at these meetings are crucial for the completion of the arrangement. Detailed voting results and scrutinizers' reports will be submitted separately. The proceedings and outcome are also available on the company's website.

Key Highlights

  • Shareholders and creditors approved the Scheme of Arrangement.
  • Meetings held via Video Conferencing on July 20, 2026.
  • Approval granted as per NCLT order dated June 2, 2026.
  • Scheme involves GE Power India Limited and JSW Energy Limited.
  • Outcome signifies progress in corporate restructuring.