What was filed
JSW Energy Limited told the exchanges that the National Company Law Tribunal, Mumbai Bench, has sanctioned the Scheme of Arrangement between GE Power India Limited (the Demerged Company) and JSW Energy Limited (the Resulting Company) and their respective shareholders. The sanction was granted by order dated 1 October 2026, under Sections 230 to 232 and other applicable provisions of the Companies Act, 2013.
The company said a copy of the Sanction Order has been uploaded on the websites of the NCLT and the company, and that the certified copy of the order is still awaited.
Where this sits in the process
The sanction follows a sequence of earlier disclosures: the board's approval of the Scheme on 18 September 2025, the receipt of observation letters from BSE and NSE on 2 April 2026, and the outcome of the meetings of equity shareholders and unsecured creditors held pursuant to the NCLT's order dated 2 June 2026, communicated on 20 July 2026. The 1 October 2026 order is the Tribunal's approval following those steps.
The company added that it will intimate the Effective Date of the Scheme to the exchanges in due course. The filing does not state the terms of the arrangement, the assets involved, or any share-exchange ratio.
Why it matters to a holder
A court-sanctioned scheme is the regulatory milestone that clears a demerger or arrangement to proceed, subject to the Effective Date. For JSW Energy as the Resulting Company, the order confirms the Tribunal's approval of the transaction with GE Power India. The intimation is procedural: it does not describe the commercial substance or the timing of completion.