NCLT Mumbai Bench sanctions Scheme of Arrangement with JSW Energy

NCLT Mumbai Bench has sanctioned the Scheme of Arrangement amongst GE Power India Limited and JSW Energy Limited and their respective shareholders, vide Sanction Order dated 01 October 2026.

Thu 1 Oct 2026

Tribunal

NCLT Mumbai Bench

Sanction Order Date

01 October 2026

Certified True Copy

A certified true copy is awaited

Next Intimation

Effective Date and the Record Date to be intimated in due course

What has been informed

• The Hon'ble National Company Law Tribunal, Mumbai Bench (Hon'ble NCLT) has sanctioned the Scheme of Arrangement amongst GE Power India Limited and JSW Energy Limited and their respective shareholders.
• The Scheme was proposed under Sections 230 to 232 and other applicable provisions of the Companies Act, 2013.
• The Sanction Order is dated 01 October 2026. The intimation was sent to the exchanges on 01 October 2026.
• The copy of the Sanctioned Order has been uploaded on the websites of the NCLT and the Company. A certified true copy of the Sanction Order is awaited.

Background of the process

• The Board of Directors of the Company approved the Scheme. This was informed to the exchanges by letter dated 18 September, 2025.
• Observation letters from BSE Limited and National Stock Exchange of India Limited regarding the Scheme were received. This was informed by letter dated 02 April, 2026.
• Meetings of the Equity Shareholders and Unsecured Creditors of the Company were held pursuant to the Order dated 02 June 2026 of the Hon'ble NCLT. The outcome and proceedings were informed by letter dated 20 July 2026.

What the company has said comes next

• The Company will intimate the Effective Date and the Record Date to the stock exchanges in due course.
• Until then, the dates on which the Scheme takes effect and on which shareholders are identified for the purposes of the Scheme remain to be communicated by the Company.

How to place this

• Sanction by the Hon'ble NCLT is a formal step in the process of a scheme of arrangement. The Scheme involves GE Power India Limited, JSW Energy Limited and their respective shareholders.
• This letter is an intimation to the exchanges for dissemination of that development, sent under Regulation 30 of the Listing Regulations.
• The certified true copy of the Sanction Order is awaited, and the Company has stated that the Effective Date and the Record Date will be intimated in due course.

Nothing here is a view, opinion or recommendation of ScoutQuest, its parent, directors or employees. ScoutQuest is a technology company: this page was assembled automatically from public sources using artificial intelligence, and may contain errors or omissions. Confirm everything against the original source before you act on it. Any use of this page is at your own risk, and neither ScoutQuest nor its parent, directors or employees accepts liability for it.