GE Power India Demerger Into JSW Energy Approved

GE Power India (GEPIL) received 'No Adverse Observations' from BSE and 'No Objection' from NSE on April 1, 2026 for its demerger scheme.
GEPIL is the Transferor/Demerged Company and JSW Energy Limited (JSWEL) is the Transferee/Resulting Company under Sections 230–232 of the Companies Act, 2013.
Both exchange observation letters carry a 6-month validity, requiring GEPIL to file the scheme with NCLT by October 1, 2026.
SEBI issued 15 compliance comments on March 30, 2026 covering disclosures on valuation, liabilities transfer, lender NOCs, and shareholder classification post-scheme.