GE Power India Limited has informed the Exchange regarding Proceedings of Postal Ballot. Further, the company has submitted the Exchange a copy of Srutinizers report along with voting results.
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GE Power India Limited concluded its Postal Ballot on May 4, 2025, with shareholders approving all three ordinary resolutions via remote e-voting. The resolutions cover material related party transactions with Powerstatic Solutions India Private Limited, GE Vernova Hydro Power India Private Limited, and GE Renewable Energy Technologies Private Limited. Promoters, being related parties, did not vote (their 46.1 million shares were declared invalid). Of the 1,198,779 valid votes polled (only 1.78% of outstanding shares), 99.82% voted in favour and just 0.18% against across all three resolutions. The e-voting window ran from April 5, 2025 to May 4, 2025.
Shareholders have cleared the way for GE Power India to enter into or continue material transactions with three group companies within the GE Vernova ecosystem. The strong approval vote (nearly unanimous among public shareholders) suggests little investor resistance to these intra-group arrangements. Low voting turnout is typical for postal ballots but worth noting.