GE Power India Ltd

Scheme sanction and terms

• NCLT Mumbai sanctions the Scheme of Arrangement between GE Power India and JSW Energy; order 01 Oct 2026.
• Certified copy of sanction order received 13 Oct 2026; effective date and record date to be notified.
• Demerged Undertaking to transfer to the Resulting Company; Demerged Business includes boiler components at Durgapur facility.
• Share entitlement ratio: 10 fully paid shares of Resulting Company for 139 Demerged shares.
• Appointed date for transfer and vesting: 01 Jul 2025.
• Equity shareholders approved with 99.99% votes; unsecured creditors approved with 99.93% by value.
• RD observations noted; undertakings to comply with applicable accounting standards and the Companies Act.
• Tax authorities' observations noted; undertakings to address tax implications and compliance.
• INC-28 filing with ROC electronically within 30 days of order.
• Exchanges to be informed of effective/record dates in due course.

GE Power India Limited — Trading Window closed from 01 October 2026 till 48 hours after the Financial Results for the quarter and half year ended on 30 September 2026 are made public

Meeting Details

• Event: JM Financial Services Limited conference.
• Date: 24 September 2026; time not disclosed.
• Mode: not disclosed.
• Status: participation canceled due to unforeseen circumstances.

Participants

• Key company participant: official representative (role not specified).

Purpose

• Purpose: investor-focused participation in JM Financial conference.

Additional Notes

• Cancellation communicated; intimation dated 18 September 2026.

Meeting Details

• Date & Time: 24 September 2026, 11:00 A.M. IST onwards
• Organiser: JM Financial Services Limited
• Location: Mumbai
• Meeting type: One-on-One and/or Group Meetings
• Attendee from company: Company official to attend Investors/Analyst Conference
• Purpose: Attendance at Investors/Analyst Conference

Filing Status

• Order in Original dated 08 Sep 2026 demanding GST, interest, penalty for FY 2020-21.
• Tax amount demanded: INR 2,109,252; penalty INR 2,109,252; interest as applicable.
• Company evaluating way forward and intends to file an appeal.
• Impact on financials deemed not material.

AGM Details

• AGM held on Friday, 14 August 2026 at 11:30 IST via VC/OAVM.
• Remote e-voting window opened 11 August and closed 13 August 2026.
• Cut-off date for entitlements set 7 August 2026.
• Notice dispatched electronically on 18 July 2026.

Key resolutions and outcomes

• Resolution 1 (Ordinary): Adopt standalone and consolidated financial statements and reports. Passed.
• Resolution 2 (Ordinary): Declare final dividend of ₹7 per equity share; Passed.
• Resolution 3 (Ordinary): Appoint Craig Martin Richards as Director; Passed.
• Resolution 4 (Ordinary): Re-appoint Deloitte Haskins & Sells as Statutory Auditors for five-year term; Passed.
• Resolution 5 (Ordinary): Ratify remuneration payable to Cost Auditor for FY 2026-27; Passed.
• Resolution 6 (Special): Re-appoint Ms. Shukla Wassan as Non-Executive Independent Director; Passed.
• Resolution 7 (Ordinary): Appoint Shrikar Thakur as Whole-Time Director; Passed.
• Resolution 8 (Special): Enhance limits for guarantee/security/investment and inter-corporate loans; Passed.
• Resolution 9 (Ordinary): Approve related party transactions with LM Wind Power Blades India Private Limited; Passed.
• Resolution 10 (Ordinary): Approve related party transactions with GE Vernova Inc.; Passed.

Financial highlights

• Standalone revenue from operations ₹3,086.9m in Q1 FY27.
• Standalone total income ₹3,405.7m; standalone PAT ₹659.9m from continuing ops.
• Standalone PAT for the quarter ₹525.5m; EPS (continuing) ₹9.82; ₹7.82 (continuing+discontinued).
• Consolidated revenue from operations ₹3,086.9m; consolidated total income ₹3,405.7m.
• Consolidated PAT after tax from continuing ops ₹671.7m; total PAT ₹537.3m.
• Consolidated EPS ₹9.99 (continuing); ₹7.99 (continuing+discontinued).
• Joint venture share of profit after tax ₹11.8m.
• Order backlog ₹15,454m; standalone backlog down ~41.4% YoY.

Order details

• Awarding entity: Dar Al Balad for Contracting and Operations Company Ltd., Saudi Arabia.
• Nature and scope: supply and Technical Field Advisory Services for boiler modifications for fuel conversion.
• Contract value: cumulative INR 550 Crores.
• Awarding entity is international (Saudi Arabia).
• Nature: two separate NOAs for Supply and Service.
• Execution period: project duration ~2.5 years.
• Related party: no promoter/group interest; not a related party transaction.

Meeting Details

• Board meeting scheduled for 13 August 2026; time and venue not disclosed.

Key Agenda Items

• Consider and approve unaudited standalone and consolidated financial results for quarter ended 30 June 2026.

Other Notes

• Trading window closed from 01 July 2026 until 48 hours after the unaudited results are made public.