NCLT sanctions GE Power India and JSW Energy Scheme of Arrangement

NCLT has sanctioned the Scheme of Arrangement between GE Power India Limited (Demerged Company) and JSW Energy Limited (Resulting Company) and their respective shareholders.

Thu 1 Oct 2026

Sanction Order Date

1st October 2026

Tribunal

NCLT

Scheme Parties

GE Power India Limited (Demerged Company) and JSW Energy Limited (Resulting Company)

Certified Copy Status

Certified copy of the Sanction Order is awaited

Effective Date

will intimate the Effective Date to the stock exchanges in due course

What the company has informed the exchanges

• The NCLT has sanctioned the Scheme of Arrangement between GE Power India Limited, described in the update as the Demerged Company, and JSW Energy Limited, described as the Resulting Company, and their respective shareholders.
• The scheme is framed under Sections 230 to 232 and other applicable provisions of the Companies Act, 2013.
• The sanction order is dated 1st October 2026.
• The copy of the Sanction Order has been uploaded on the website of the NCLT and on the company's website.
• The certified copy of the Sanction Order is awaited.
• The company will intimate the Effective Date to the stock exchanges in due course.

What a scheme of arrangement is

A scheme of arrangement is a court-supervised process used when companies reorganise their businesses or shareholding. It needs approvals from shareholders and creditors, followed by a sanction from the NCLT. The NCLT sanction is therefore one of the final approval steps in the process.

Steps already completed

• The Board of Directors of the company decided to approve the scheme, as intimated by the company on 18th September 2025.
• Observation letters were received from BSE Limited and National Stock Exchange of India Limited in relation to the scheme, as intimated on 2nd April 2026.
• Meetings of the Equity Shareholders and Unsecured Creditors of the company were held pursuant to the NCLT order dated 2nd June 2026, and the outcome and proceedings were intimated on 20th July 2026.

What remains in the sequence

The company has said the certified copy of the Sanction Order is awaited. It has also said the Effective Date of the scheme will be intimated to the stock exchanges in due course. The scheme becomes effective on that Effective Date.

What this means for a retail reader

This is an update on the progress of a corporate reorganisation that the company has been taking through the regulatory and court process over the past months. The sanction by the NCLT is the latest milestone reported by the company, and it is followed in the update by the note on the awaited certified copy and the future intimation of the Effective Date.

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