GE Power India MD, chairman and AGM
NSE: GVPILBSE: 532309Electrical EquipmentSmall Cap
Share price at the NSE close on 29 Oct 2026. Previous close ₹591.30.
29 Oct: open ₹591.30, high ₹600.80, low ₹583.55
- Market capMarket capitalisation. Share price times the number of shares: what the whole company is worth at the day's price. The rank is by average market value over the six months to Jun 2026, among listed companies. Market capitalisation: how it is worked out
- ₹3,973 Cr889th largest listed
- P/EPrice to earnings, trailing. Market cap divided by the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, after the share of the other owners of its subsidiaries: what investors pay for each rupee of a year's profit. Price to earnings, trailing: how it is worked out
- 14.63
- P/E without one-offsPrice to earnings without one-off items. Market cap divided by core profit: the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, less one-off items (exceptional items and the result of businesses sold or closed). Shown where the one-off items move that profit by more than a tenth. The last twelve months' profit includes −₹98 crore of one-off items, the largest of them in the quarter to Dec 2025.
- 10.74
- P/BPrice to book. Market cap divided by the net worth that belongs to the company's own shareholders, its assets less everything it owes and less the other owners' share of its subsidiaries, on its latest balance sheet. Price to book: how it is worked out
- 6.82
- Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price.
- 1.18%
- ROEReturn on equity. Profit over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, as a percentage of their net worth, the money they have in the business. Net worth is the average of the latest balance sheet and the one a year before it.
- 60.4%
- ROE without one-offsReturn on equity without one-off items. Core profit, the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders less one-off items (exceptional items and the result of businesses sold or closed), as a percentage of the same net worth as the return on equity. Shown where the one-off items move that profit by more than a tenth. The last twelve months' profit includes −₹98 crore of one-off items, the largest of them in the quarter to Dec 2025.
- 82.3%
- ROCEReturn on capital employed. Operating profit after depreciation (revenue less operating expenses and depreciation, without other income and one-off items) as a percentage of all the money the business runs on: the whole group's net worth, the other owners of its subsidiaries included, plus borrowings. Lease liabilities are not counted: the results filings do not state them. The profit is over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly); net worth and borrowings are on the latest balance sheet.
- 50.1%
- Debt to equityDebt to equity. Borrowings divided by the whole group's net worth, the other owners of its subsidiaries included: rupees borrowed for each rupee of equity in the business. Lease liabilities are not counted: the results filings do not state them. From the balance sheet at the end of Mar 2026.
- 0.00
- Volume, NSEVolume. Shares traded on the last trading day; delivery is the part buyers kept rather than sold again the same day. Volume in the glossary
- 1,05,62956.8% delivered
GE Power India's chairperson is Craig Martin Richards and its managing director Puneet Bhatla, as filed for the quarter to Sep 2026. Its latest annual general meeting was on 14 Aug 2026.
GE Power India board of directors
At the end of the quarter to Sep 2026, as the company filed it; changes since are in its announcements.Their trades in its shares
- Managing directorPuneet Bhatla
- ChairpersonCraig Martin Richards
- Company Secretary and Compliance OfficerVipul Sharma
6 directors3 independent2 executive1 non-executive
- Shukla WassanIndependent · joined Nov 2021 · reappointed Nov 2021 · 58 months as independent · 3 listed boards · 3 as independent · 6 committee seats, 4 as chair
- Ashok Kumar BaratIndependent · joined Jun 2024 · reappointed Jun 2024 · 28 months as independent · 7 listed boards · 7 as independent · 8 committee seats, 5 as chair
- Puneet Bhatla · Managing directorExecutive · joined Sep 2024 · reappointed Sep 2024 · 25 months as independent · 1 listed board · 1 committee seat
- Shrikar ThakurExecutive · joined Jul 2026 · reappointed Jul 2026 · 3 months as independent · 1 listed board · 1 committee seat
- Neeraj Kumar NandaIndependent · joined May 2025 · reappointed May 2025 · 16 months as independent · 1 listed board · 1 as independent · 1 committee seat
- Craig Martin Richards · ChairpersonNon-executive · joined Aug 2025 · reappointed Aug 2025 · 13 months as independent · 1 listed board · 1 committee seat
An independent director has no business or family tie to the company, its promoters or its managers beyond the seat. Listed boards counts the boards of listed companies the director sits on, this one included, and "as independent" how many of those seats are independent ones. Committee seats are audit and stakeholder committee seats across those companies. Months as independent is filed for independent directors only, whose terms the rules cap. Disqualified is the company's own mark that a director may not serve under company law.
3 directors who left
- Aashish Ghai, left 13 May 2026: Others
- Mahesh Shrikrishna Palashikar, left 14 Aug 2025: Tenure Completion
- Ravinder Singh Dhillon, left 17 Feb 2025: Others
Committees and meetings
Who sits on each, and how often they met.Board meeting notices and outcomes
Board
- 13 Aug 20265 of 6 present2 independent · 54 days in between
- 19 Jun 20265 of 5 present3 independent · 38 days in between
- 11 May 20266 of 6 present3 independent
Audit Committee
Chair Ashok Kumar Barat
Shukla Wassan, Neeraj Kumar Nanda, Craig Martin Richards
- 13 Aug 20263 of 4 present2 independent · 54 days in between
- 19 Jun 20264 of 4 present3 independent · 38 days in between
- 11 May 20264 of 4 present3 independent
Nomination and remuneration committee
Chair Shukla Wassan
Ashok Kumar Barat, Neeraj Kumar Nanda, Craig Martin Richards
- 19 Jun 20264 of 4 present3 independent · 38 days in between
- 11 May 20263 of 4 present2 independent
Stakeholders Relationship Committee
Chair Shukla Wassan
Shrikar Thakur, Puneet Bhatla
No meeting listed in the filing.
Risk Management Committee
Chair Craig Martin Richards
Ashok Kumar Barat, Shrikar Thakur, Puneet Bhatla, Rahul Rojal
- 4 Jun 20263 of 3 present1 independent
Meetings in the quarter filed and the one before it. The days in between are as the company files them, neither meeting's day counted; the rules allow at most 120. A quorum is the least number of members who must attend for the meeting to decide anything.
Statutory auditor
Named in the results for the quarter to Mar 2026.
- M/s Deloitte Haskins & SellsPeer-review certificate valid to Aug 2027
1 earlier auditor
- Deloitte Haskins and SellsNamed in the filing for the quarter to Mar 2025
A statutory auditor checks the company's accounts and signs its results. Peer review is the accountants' institute's check of an audit firm's own work, which a listed company's auditor must hold a valid certificate of.
GE Power India AGM and shareholder votes
Each resolution, how the votes went, and how institutions voted apart from the promoters. A postal ballot is a vote by post or online, held without a meeting.GE Power India dividend history
Annual general meeting, 14 Aug 2026
72,829 shareholders on the register on 7 Aug 2026; present: 1 promoter and 45 others; votes counted by Hemant Kumar Singh / Hemant Singh & Associates.The company's voting result
To receive, consider and adopt: (a) the Audited Standalone Financial Statements of the Company for the Financial Year ended 31 March 2026, together with the Reports of the Board of Directors and Auditors thereon; and (b) the Audited Consolidated Financial Statements of the Company for the Financial Year ended 31 March 2026, together with the Report of Auditors thereon.MoreLess
Ordinary100.00% for0.00% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.04%
Turnout: all 70.40% · promoters 100.00% · institutions 34.30% · other public 3.75%
- To declare a final dividend of ₹7/- per equity share of face value of ₹10/- each for the Financial Year ended 31 March 2026.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.04%
Turnout: all 70.46% · promoters 100.00% · institutions 36.83% · other public 3.75%
- To appoint Mr. Craig Martin Richards (DIN: 11141735), who retires by rotation and being eligible, offers himself for reappointment as a Director.Ordinary99.89% for0.11% against
Against: promoters 0.00% · institutions 9.48% · other public 0.05%
Turnout: all 70.46% · promoters 100.00% · institutions 36.83% · other public 3.75%
- To re-appoint M/s. Deloitte Haskins & Sells, Chartered Accountants (Firm Registration No.: 015125N), as Statutory Auditors of the Company for a second term of five (5) consecutive years.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.05%
Turnout: all 70.46% · promoters 100.00% · institutions 36.83% · other public 3.75%
- To ratify the remuneration payable to Cost Auditors for the Financial Year 2026-27Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.05%
Turnout: all 70.46% · promoters 100.00% · institutions 36.83% · other public 3.75%
- To re-appoint Ms. Shukla Wassan (DIN: 02770898) as a Non-Executive Independent Director of the CompanySpecial99.98% for0.02% against
Against: promoters 0.00% · institutions 1.53% · other public 0.06%
Turnout: all 70.46% · promoters 100.00% · institutions 36.83% · other public 3.75%
- To appoint Mr. Shrikar Thakur (DIN: 11789178) as a Whole-time Director of the CompanyOrdinary99.89% for0.11% against
Against: promoters 0.00% · institutions 9.48% · other public 0.06%
Turnout: all 70.46% · promoters 100.00% · institutions 36.83% · other public 3.75%
- To approve the enhancement of overall limits for inter-corporate loan/guarantee/ security/ investment pursuant to Section 186 of the Companies Act, 2013Special99.96% for0.04% against
Against: promoters 0.00% · institutions 3.52% · other public 0.35%
Turnout: all 70.46% · promoters 100.00% · institutions 36.83% · other public 3.75%
- To approve Material Related Party Transactions with LM Wind Power Blades (India) Private LimitedOrdinaryPromoters have an interest in it99.96% for0.04% against
Against: promoters 0.00% · institutions 0.00% · other public 0.06%
Turnout: all 1.88% · promoters 0.00% · institutions 36.83% · other public 3.75%
- To approve Material Related Party Transactions with GE Vernova Inc.OrdinaryPromoters have an interest in it99.97% for0.03% against
Against: promoters 0.00% · institutions 0.00% · other public 0.05%
Turnout: all 1.88% · promoters 0.00% · institutions 36.83% · other public 3.75%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
Meeting called by the tribunal, 20 Jul 2026, 1 resolution
72,235 shareholders on the register on 13 Jul 2026; present: 1 promoter and 45 others; votes counted by Pooja Singhal / POOJA GUPTA AND ASSOCIATES.
- Approval of the Scheme of Arrangement between GE Power India Limited and JSW Energy Limited and their Respective Shareholders (‘the Scheme’)Special100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.04%
Turnout: all 71.49% · promoters 100.00% · institutions 25.42% · other public 8.00%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
How mutual funds voted
Fund houses must disclose how they vote at every meeting of a company they hold.
Mutual fund votes, meeting of 14 Aug 2026, 1 fund house
To receive, consider and adopt: (a) the Audited Standalone Financial Statements of the Company for the Financial Year ended 31 March 2026, together with the Reports of the Board of Directors and Auditors thereon; and (b) the Audited Consolidated Financial Statements of the Company for the Financial Year ended 31 March 2026, together with the Report of Auditors thereon.MoreLess
1 for0 against- To declare a final dividend of ₹7/- per equity share of face value of ₹10/- each for the Financial Year ended 31 March 2026.1 for0 against
- To appoint Mr. Craig Martin Richards (DIN: 11141735), who retires by rotation and being eligible, offers himself for reappointment as a Director.1 for0 against
- To re-appoint M/s. Deloitte Haskins & Sells, Chartered Accountants (Firm Registration No.: 015125N), as Statutory Auditors of the Company for a second term of five (5) consecutive years.1 for0 against
- To ratify the remuneration payable to Cost Auditors for the Financial Year 2026-271 for0 against
- To re-appoint Ms. Shukla Wassan (DIN: 02770898) as a Non-Executive Independent Director of the Company1 for0 against
- To appoint Mr. Shrikar Thakur (DIN: 11789178) as a Whole-time Director of the Company1 for0 against
- To approve the enhancement of overall limits for inter-corporate loan/guarantee/ security/ investment pursuant to Section 186 of the Companies Act, 20131 for0 against
- To approve Material Related Party Transactions with LM Wind Power Blades (India) Private Limited1 for0 against
- To approve Material Related Party Transactions with GE Vernova Inc.1 for0 against
Mutual fund votes, meeting of 20 Jul 2026, 1 fund house
- Approval of the Scheme of Arrangement between GE Power India Limited and JSW Energy Limited and their Respective Shareholders (‘the Scheme’)1 for0 against
Mutual fund votes, meeting of 4 May 2025, 1 fund house
3 proposals
- To consider and approve the proposed Material Related Party Transaction with Powerstatic Solutions India Private Limited for an aggregate amount of INR 1,478 million.1 for0 against
- To consider and approve the proposed Material Related Party Transactions with GE Renewable Energy Technologies Private Limited for an aggregate amount of INR 1,500 million.1 for0 against
- To consider and approve the proposed Material Related Party Transactions with GE Vernova Hydro Power India Private Limited for an aggregate amount of INR 1,500 million.1 for0 against
Mutual fund votes, meeting of 29 Mar 2025, 1 fund house
2 proposals
To consider and approve Material Modification to the Material Related Party Transactions with LM Wind Power Blades (India) Private Limited relating to cashpool arrangement, with respect to Borrowing from cash pool (taken/ to be taken, excluding interest) for an Amount INR 6,000 in million and with respect to Inter- Corporate Deposit/ lending in cash pool (given/to be given, excluding interest) for an Amount INR 4,500 in million.MoreLess
1 for0 againstTo (i) give any loan to any person or other body corporate whether in India or abroad (which shall also include giving loans by the Company under cash pool arrangement) (ii) give any guarantee or provide any security in connection with a loan to any other body corporate or person whether in India or abroad and (iii) acquire by way of subscription, purchase or otherwise, the securities of any other body corporate whether in India or abroad, by whatever name called, as it may in its absolute discretion deem beneficial and in the interest of the Company upto a maximum of INR 4,500 million only at any given point of time, subject to specific approval of a transaction by the Board, notwithstanding the aggregate of loans and investments so far made and/or guarantees or security so far provided by the Company to any person or body corporate, over and above the limits prescribed under Section 186 of the Act i. e. 60% of the paid- up share capital, free reserves and securities premium account of the Company or 100% of free reserves and securities premium account of the Company, whichever is more.MoreLess
1 for0 against
Mutual fund votes, meeting of 27 Nov 2024, 1 fund house
2 proposals
To appoint Mr. Puneet Bhatla (DIN 09536236) as the Managing Director of the Company for a first term of thirty- four (34) Months with effect from 01 September 2024 till 30 June 2027, not liable to retire by rotation.MoreLess
1 for0 against- To approve payment of remuneration to Mr. Puneet Bhatla (DIN 09536236), Managing Director of the Company for a period of thirty-four (34) months with effect from 01 September 2024 till 30 June 2027.1 for0 against
Mutual fund votes, meeting of 14 Aug 2024, 1 fund house
4 proposals
Approval for entering into related party transaction with GE Power Electronics (India) Private Limited, (for sale of Hydro Business) under Section 188(1)(b) of the Companies Act, 2013 and Regulation 23 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, for a lumpsum consideration of INR 1/- excluding all applicable taxes, subject to customary post-closing adjustments, basis locked box accounts as of March 31, 2024.MoreLess
1 for0 againstApproval for entering into related party transaction with GE Renewable Energy Technologies Private Limited, (for sale of Gas Power Business) under Section 188(1)(b) of the Companies Act, 2013 and Regulation 23 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, for a lumpsum consideration of INR 438.6 million excluding all applicable taxes, subject to customary post closing adjustments, basis locked box accounts as of March 31, 2024.MoreLess
1 for0 againstApproval for slump sale of the Gas Power Business under Section 180(1)(a) of the Companies Act, 2013 and Regulation 37A of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, for a lumpsum consideration of INR 438.6 million excluding all applicable taxes, subject to customary post closing adjustments, basis locked box accounts as of March 31, 2024.MoreLess
1 for0 againstApproval for slump sale of the Hydro Business under Section 180(1)(a) of the Companies Act, 2013 and Regulation 37A of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, for a lumpsum consideration of INR 1/- excluding all applicable taxes, subject to customary post-closing adjustments, basis locked box accounts as of March 31, 2024.MoreLess
1 for0 against
Mutual fund votes, meeting of 23 Jul 2024, 1 fund house
12 proposals
Appointment of Mr. Aashish Ghai (DIN: 07276636) as the Whole-time Director of the Company for a first term of three (3) years with effect from 22 July 2024 till 21 July 2027, liable to retire by rotation, designated as Whole-time Director and CFO with effect 24 July 2024.MoreLess
1 for0 againstAppointment of Mr. Ashok Kumar Barat (DIN: 00492930) as an Independent Director of the Company, not liable to retire by rotation, to hold office for first term of 5 (five) consecutive years with effect from 01 June 2024 to 31 May 2029.MoreLess
1 for0 againstAppointment of Mr. Ravinder Singh Dhillon (DIN: 00278074) as an Independent Director of the Company, not liable to retire by rotation, to hold office for first term of 5 (five) consecutive years with effect from 01 June 2024 to 31 May 2029.MoreLess
1 for0 againstRatification of remuneration of Rs. 3,00,000 plus applicable taxes and reimbursement of out- of- pocket expenses payable to M/s Yogesh Gupta and Associates Cost Accountants (Firm Registration No. 000373), appointed as the Cost Auditors by the Board of Directors of the company to conduct the audit of the cost records of the Company for the financial year ending 31 March 2025.MoreLess
1 for0 against- To approve payment of commission/ remuneration to Non - Executive Directors in case of no profit/ inadequate profit to be paid and distributed for three (3) years from FY 2024 - 25 to FY 2026 - 2027.1 for0 against
To approve payment of remuneration to Aashish Ghai (DIN: 07276636), Whole - time Director of the Company for a period of three years (3) w.e.f. 22 July 2024 to 21 July 2027, in case of no profit/ inadequate profit.MoreLess
1 for0 againstTo approve Related Party Transactions with GE Power Global B.V. for an amount Rs. 13,000 million beginning from 32nd Annual General Meeting of the Company till 33rd Annual General meeting (to be conducted in year 2025) for a period not exceeding fifteen months.MoreLess
1 for0 againstTo approve Related Party Transactions with GE Vernova Inc for an amount Rs. 40,000 million beginning from 32nd Annual General Meeting of the Company till 33rd Annual General meeting (to be conducted in year 2025) for a period not exceeding fifteen months.MoreLess
1 for0 againstTo approve Related Party Transactions with LM Wind Power Blades (India) Private Limited relating to cash pool arrangement for an amount Rs. 6,000 million and Rs. 250 million beginning from 32nd Annual General Meeting of the Company till 33rd Annual General meeting (to be conducted in year 2025) for a period not exceeding fifteen months.MoreLess
1 for0 againstTo approve Related Party Transactions with LM Wind Power Blades (India) Private Limited relating to Support/ shared services including facilities and personnel for an amount Rs. 600 million beginning from 32nd Annual General Meeting of the Company till 33rd Annual General meeting (to be conducted in year 2025) for a period not exceeding fifteen months.MoreLess
1 for0 againstTo approve Related Party Transactions with NTPC GE Power Services Private Limited for an amount Rs. 9,550 beginning from 32nd Annual General Meeting of the Company till 33rd Annual General meeting (to be conducted in year 2025) for a period not exceeding fifteen months.MoreLess
1 for0 againstTo receive, consider and adopt the audited standalone and consolidated Financial Statements of the Company for the Financial year ended 31 March 2024, and the Reports of the Board of Directors and Auditors thereon.MoreLess
1 for0 against
Mutual fund votes, meeting of 29 Mar 2024, 1 fund house
2 proposals
- To approve and confirm the payment of INR 10,208,000 (including taxes) to Mr. Prashant Chiranjive Jain (DIN: 06828019), Managing Director for FY 2023-24 in case of no profits/ inadequate profits.
Against Nippon India Mutual Fund
- Nippon India Mutual FundRemuneration is high
0 for1 against To approve and confirm the payment of such remuneration to Mr. Prashant Chiranjive Jain (DIN: 06828019), in capacity of Managing Director for three (3) years starting from FY 2024-25 to FY 2026-27 in case of no profits/ inadequate profits.MoreLess
Against Nippon India Mutual Fund
- Nippon India Mutual FundRemuneration is high
0 for1 against
Each fund house counted once, from its own disclosure; the reasons are its own words.
Tax disputes
Reported in the filing for the quarter to Sep 2026.
- Tax disputeJoint Commissioner, Bolpur Commissionerate, West BengalSince 21 May 2024The respondent has filed an Affidavit in Opposition in the month of April 2026. Against the said affidavit, the Company has filed a Re-joinder (Affidavit-in-reply) on 30 September 2026.
At the filing before: Disallowance of input tax credit on account of credit mismatches for FY2018-19 and FY2019-20. Tax Amount INR 15,72,88,202/-; Interest: As applicable; Penalty Amount INR 1,57,28,819/-. The Company has filed the Writ (High Court) against the same. Stay dated 02-07-2025 granted by High Court as an interim measure to hold recovery. The matter is currently awaiting hearing.MoreLess
In the company's own words, from its latest governance filing.
Investor complaints and compliance
Quarter by quarter.
Investor complaints received and resolved, the company's own count
- Received
- Resolved
Open at the quarter's end
- The board is made up as the listing rules require
- Yes
- The board has a regular chairperson
- Yes
- The company has a risk management committee
- Yes
- The chair is related to the managing director
- No
- The filing has a part on fines and penalties
- No
- The filing has a part on tax disputes
- Yes
- There was a cyber security incident in the quarter
- No
The company's own answers in its filing.