GE Power India Ltd

GE Power India Limited has received the certified copy of the order from the National Company Law Tribunal (NCLT), Mumbai Bench, dated October 1, 2026. This order sanctions the Scheme of Arrangement for the demerger of GE Power India Limited (Demerged Company) into JSW Energy Limited (Resulting Company). The scheme involves the transfer and vesting of the 'Demerged Business', which includes the manufacture and supply of power boiler components, pressure vessels, piping, and coal mills for thermal power plants at the Durgapur Facility, from GE Power India to JSW Energy. The company will announce the Effective Date and Record Date in due course.

GE Power India Limited has received sanction from the Hon'ble National Company Law Tribunal (NCLT), Mumbai Bench, for its scheme of arrangement with JSW Energy Limited. This sanction, vide an Order dated 01 October 2026, is a significant step following previous communications regarding the Board's approval of the scheme and receipt of observation letters from stock exchanges. A certified true copy of the NCLT's Sanction Order is awaited, and the company will subsequently inform the stock exchanges about the Effective Date and Record Date. The scheme involves GE Power India Limited and JSW Energy Limited and their respective shareholders under applicable provisions of the Companies Act, 2013.

GE Power India Ltd has announced the closure of its trading window for designated persons and their immediate relatives. This closure is in compliance with the company's Code of Conduct and SEBI (Prohibition of Insider Trading) Regulations, 2015. The window will be shut from October 1, 2026, until 48 hours after the financial results for the quarter and half-year ended September 30, 2026, are publicly disclosed. The exact date of the board meeting to approve these results will be communicated later. Designated individuals are prohibited from trading in the company's securities during this period.

GE Power India Ltd announced the cancellation of its official's participation in a conference organized by JM Financial Services Limited. The conference was scheduled for September 24, 2026. The company cited unforeseen circumstances as the reason for the withdrawal, leading to the cancellation of its participation. This update follows a previous intimation dated September 18, 2026, regarding the initial participation.

GE Power India Limited has received an order dated September 8, 2026, from the Assistant Commissioner of GST and Central Excise, Bhubaneswar, Odisha. The order pertains to the Financial Year 2020-21 and demands GST, interest, and penalty amounting to ₹2,109,252 for tax, and an equal amount for penalty, alleging short payment of taxes on sales in Odisha. The total demand, including tax and penalty, is ₹4,218,504. The company states that this demand, along with applicable interest and penalty, will not have a material impact on its financials or operations. GE Power India is evaluating its options and plans to file an appeal against the order.

GE Power India Ltd announced its unaudited standalone and consolidated financial results for the quarter ended June 30, 2026. The Board of Directors approved these results, along with the Limited Review Report issued by Deloitte Haskins & Sells. The detailed results and a media release will be available on the company's website. The Board meeting commenced at 02:54 P.M. (IST) and concluded at 04:25 P.M. (IST) on August 13, 2026.

GE Power India Limited has announced the receipt of a Notice of Award (NOA) for the Shoaiba Fuel Conversion Project in Saudi Arabia. The contract, awarded by Dar Al Balad for Contracting and Operations Company Ltd., involves two separate NOAs for supply and service scopes related to boiler modifications for fuel conversion. The project duration is estimated to be approximately 2.5 years, with a cumulative value of around INR 550 Crores. This international contract signifies a significant business development for the company.

GE Power India Ltd has announced that its Board of Directors will convene on August 13, 2026. The primary agenda item for this meeting is to consider and approve the Unaudited Financial Results, both standalone and consolidated, for the first quarter ended June 30, 2026. In line with SEBI regulations and the company's internal code of conduct, the trading window for securities has been closed since July 1, 2026, and will remain shut until 48 hours after the financial results are publicly disclosed.

GE Power India Ltd announced that the resolutions presented at the NCLT convened meetings of Equity Shareholders and Unsecured Creditors on July 20, 2026, were passed with the requisite majority. The meetings, held via Video Conferencing/Other Audio-Visual Means, were convened as per the National Company Law Tribunal's order dated June 2, 2026. The approved resolution pertains to the Scheme of Arrangement between GE Power India Limited and JSW Energy Limited. Voting results and the Scrutinizer's Report are available on the company's website and the Registrar and Share Transfer Agent's website.

GE Power India Ltd has submitted its Business Responsibility and Sustainability Reporting (BRSR) for the financial year ended March 31, 2026. The report, which is part of the company's Annual Report, details its commitment to integrating sustainability into its business strategy, operations, and stakeholder engagement. It highlights the company's adherence to the SQDC framework (Safety, Quality, Delivery, Cost) and its efforts to reduce environmental impact, promote responsible resource use, and uphold ethical business conduct. GE Power India also emphasizes its alignment with the UN Global Compact and UN Sustainable Development Goals (SDGs), reporting performance against the National Guidelines on Responsible Business Conduct (NGRBC). Community development, particularly through education initiatives, is also a key focus.