Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
GE Power India Limited
Meeting Details
The 34th Annual General Meeting was held on Friday, 14 August 2026 at 11:30 A.M. (IST) through Video Conference/Other Audio Visual Means facility. The deemed venue of the AGM was the registered office of the Company at Regus Magnum Business Centers, 11th floor, Platina, Block G, Plot C-59, BKC, Bandra (E), Mumbai, Maharashtra – 400051. The meeting commenced at 11:30 A.M. (IST) and concluded at 12:38 P.M. (IST), inclusive of 15 minutes of Instapoll voting.
Attendance
All Directors of the Company were present except Mr. Neeraj Kumar Nanda, Independent Director, who was unable to attend due to an exigency. Mr. Craig Martin Richards chaired the AGM. The meeting acknowledged the presence of Statutory Auditors, Secretarial Auditors, and Cost Auditors of the Company.
Voting Process
The Company provided remote e-voting facility to shareholders from Tuesday, 11 August 2026 (9:00 AM IST) till Thursday, 13 August 2026 (5:00 PM IST). Shareholders who participated in the AGM through VC/OAVM facility and had not voted previously were provided Instapoll facility for 15 minutes during the proceedings. The Board appointed Mr. Hemant Kumar Singh, Partner, M/s Hemant Singh & Associates, Company Secretaries as scrutinizer for conducting the e-voting process through the platform provided by KFin Technologies Limited (Registrar & Transfer Agent of the Company).
Resolutions Approved
The following 10 resolutions were transacted and approved by shareholders with requisite majority:
Ordinary Business:
1. Receipt, consideration, and adoption of:
- (a) Audited Standalone Financial Statements for FY ended 31 March 2026 with Reports of Board of Directors and Auditors
- (b) Audited Consolidated Financial Statements for FY ended 31 March 2026 with Report of Auditors
2. Declaration of final dividend of ₹7 per equity share (face value ₹10 each) for FY ended 31 March 2026
3. Reappointment of Mr. Craig Martin Richards (DIN: 11141735) as Director retiring by rotation
4. Reappointment of M/s. Deloitte Haskins & Sells, Chartered Accountants (Firm Registration No.: 015125N) as Statutory Auditors for a second term of five consecutive years
Special Business:
5. Ratification of remuneration payable to Cost Auditors for financial year 2026-27
6. Reappointment of Ms. Shukla Wassan (DIN: 02770898) as Non-Executive Independent Director
7. Appointment of Mr. Shrikar Thakur (DIN: 11789178) as Whole-Time Director
8. Approval of enhancement of overall limits for inter-corporate loan/guarantee/security/investment pursuant to Section 186 of Companies Act, 2013
9. Approval of Material Related Party Transactions with LM Wind Power Blades (India) Private Limited
10. Approval of Material Related Party Transactions with GE Vernova Inc.
Compliance Statement
The Company confirmed that the AGM was conducted in adherence to applicable provisions of the Companies Act, 2013 and Rules made thereunder, read with circulars issued by the Ministry of Corporate Affairs and SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.