Please find enclosed the Consolidated Scrutinizer's Report on the results of the e-voting (remote e-voting and voting during the meeting) of the NCLT Convened Meeting of Unsecured Creditors ....
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The filing discloses voting outcomes from NCLT-convened meetings held on July 20, 2026 (via video conferencing) regarding the Scheme of Arrangement between GE Power India Limited (Demerged Company) and JSW Energy Limited (Resulting Company). Equity shareholders approved the scheme with an overwhelming 99.9987% of polled votes in favour — translating to about 4.80 crore shares of the 6.72 crore total outstanding. Promoters voted 100% in favour with 4.61 crore shares. Unsecured creditors also approved with 99.9359% in favour, representing about Rs. 132.46 crore of the Rs. 132.54 crore unsecured debt value. Both meetings passed the special resolution with the requisite majority required under Section 230(6) of the Companies Act, 2013. The Scrutinizer (Pooja Gupta and Associates) confirmed the voting process was fair and transparent.
This is a key milestone in the proposed demerger/restructuring. With shareholder and unsecured creditor approvals secured, the scheme now moves to NCLT for final sanction. On completion, GE Power India shareholders are likely to receive shares in JSW Energy, which would change the holding structure of investors.