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GE Power India MD, chairman, board of directors and AGM

NSE: GVPILBSE: 532309Electrical EquipmentSmall Cap

Formerly Alstom India
Last close ₹589.75down ₹19.15 (3.15%)BSE ₹591.90

Share price at the NSE close on 23 Oct 2026. Previous close ₹608.90.

52-week range of traded prices to 23 Oct 2026
₹270.90Low, 27 Jan 2026₹1,084.00High, 22 Jun 2026
Market cap
₹3,965 Cr889th largest listed
P/E
14.6
P/E without one-offs
10.7
P/B
6.8
Dividend yield
1.19%
ROE
60.4%
ROE without one-offs
82.3%
ROCE
50.1%
Debt to equity
0.00
Volume, NSE
1,88,15548.4% delivered

GE Power India board of directors

At the end of the quarter to Jun 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

5 directors3 independent1 executive1 non-executive

  • Shukla WassanIndependent · joined Nov 2021 · reappointed Nov 2021 · 55 months as independent · 3 listed boards · 3 as independent · 5 committee seats, 3 as chair
  • Ashok Kumar BaratIndependent · joined Jun 2024 · reappointed Jun 2024 · 25 months as independent · 7 listed boards · 7 as independent · 9 committee seats, 5 as chair
  • Puneet Bhatla · Managing directorExecutive · joined Sep 2024 · reappointed Sep 2024 · 22 months as independent · 1 listed board · 1 committee seat
  • Neeraj Kumar NandaIndependent · joined May 2025 · reappointed May 2025 · 13 months as independent · 1 listed board · 1 as independent · 1 committee seat
  • Craig Martin Richards · ChairpersonNon-executive · joined Aug 2025 · reappointed Aug 2025 · 10 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

    • 19 Jun 20265 of 5 present3 independent · 38 days in between
    • 11 May 20266 of 6 present3 independent · 48 days in between
    • 23 Mar 20265 of 6 present3 independent · 39 days in between
    • 11 Feb 20266 of 6 present3 independent
  • Audit Committee

    Chair Ashok Kumar Barat

    Shukla Wassan, Neeraj Kumar Nanda, Craig Martin Richards

    • 19 Jun 20264 of 4 present3 independent · 38 days in between
    • 11 May 20264 of 4 present3 independent · 48 days in between
    • 23 Mar 20264 of 4 present3 independent · 39 days in between
    • 11 Feb 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 present3 independent · 48 days in between
    • 23 Mar 20264 of 4 present3 independent · 32 days in between
    • 18 Feb 20264 of 4 present3 independent
  • Stakeholders Relationship Committee

    Chair Shukla Wassan

    Puneet Bhatla

    No meeting listed in the filing.

  • Risk Management Committee

    Chair Craig Martin Richards

    Ashok Kumar Barat, 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 (opens in a new tab)

  1. 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
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.04%

    Turnout: all 70.40% · promoters 100.00% · institutions 34.30% · other public 3.75%

  2. To declare a final dividend of ₹7/- per equity share of face value of ₹10/- each for the Financial Year ended 31 March 2026.
    Ordinary
    100.00% 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%

  3. To appoint Mr. Craig Martin Richards (DIN: 11141735), who retires by rotation and being eligible, offers himself for reappointment as a Director.
    Ordinary
    99.89% 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%

  4. 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.
    Ordinary
    100.00% 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%

  5. To ratify the remuneration payable to Cost Auditors for the Financial Year 2026-27
    Ordinary
    100.00% 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%

  6. To re-appoint Ms. Shukla Wassan (DIN: 02770898) as a Non-Executive Independent Director of the Company
    Special
    99.98% 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%

  7. To appoint Mr. Shrikar Thakur (DIN: 11789178) as a Whole-time Director of the Company
    Ordinary
    99.89% 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%

  8. To approve the enhancement of overall limits for inter-corporate loan/guarantee/ security/ investment pursuant to Section 186 of the Companies Act, 2013
    Special
    99.96% 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%

  9. To approve Material Related Party Transactions with LM Wind Power Blades (India) Private Limited
    OrdinaryPromoters have an interest in it
    99.96% 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%

  10. To approve Material Related Party Transactions with GE Vernova Inc.
    OrdinaryPromoters have an interest in it
    99.97% 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.The company's voting result (opens in a new tab)

  1. Approval of the Scheme of Arrangement between GE Power India Limited and JSW Energy Limited and their Respective Shareholders (‘the Scheme’)
    Special
    100.00% 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 4 May 2025, 1 fund house

  • 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

  • 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 against
  • To (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
6 earlier meetings

Mutual fund votes, meeting of 27 Nov 2024, 1 fund house

  • 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

  • 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 against
  • Approval 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 against
  • Approval 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 against
  • Approval 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

  • 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 against
  • Appointment 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 against
  • Appointment 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 against
  • Ratification 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 against
  • To 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 against
  • To 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 against
  • To 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 against
  • To 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 against
  • To 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 against
  • To 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

  • 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

Mutual fund votes, meeting of 6 Dec 2023, 1 fund house

  • Re-appointment of Mr. Yogesh Gupta (DIN: 01393032) as Whole-time Director of the Company for a second term of one year w.e.f.16 December 2023 to 15 December 2024 liable to retire by rotation.
    1 for0 against
  • To approve payment of remuneration to Mr. Yogesh Gupta (DIN: 01393032), Whole-time Director of the Company for a period of one year from 16 December 2023 upto 15 December 2024 even in case of no profits/ inadequate profits.MoreLess
    1 for0 against
  • To approve Related Party Transactions with GE Vernova LLC for an amount of Rs.40,000 Million for a period not exceeding one year from the date of approval, i.e., 06 December 2023.
    1 for0 against
  • To approve Related Party Transactions with General Electric Company for an amount of Rs.40,000 Million for a period not exceeding one year from the date of approval, i.e., 06 December 2023.
    1 for0 against
  • To approve Related Party Transactions with NTPC GE Power Services Private Limited for an amount of Rs.1,800 Million for a period not exceeding one year from the date of approval, i.e., 06 December 2023.MoreLess
    1 for0 against

Mutual fund votes, meeting of 28 Aug 2023, 1 fund house

  • Ratification of remuneration of Rs.3,00,000 only/- plus applicable taxes and reimbursement of out-of-pocket expenses payable to M/s Yogesh Gupta & 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 2024.MoreLess
    1 for0 against
  • To appoint a Director in place of Mr. Mahesh Shrikrishna Palashikar, Director (DIN 02275903), who retires by rotation and being eligible, offers himself for re-appointment.
    1 for0 against
  • To approve Borrowing Limits of the Company for borrowing any such sum or sums of money (either Indian or foreign currency) from time to time, by way of availing fund based and/or non-funded facilities including loans, credit facilities, debt instruments or in any other forms, overdraft facilities, working capital facilities, demand and term loans, revolving credit facilities, bill purchase/discount arrangements, factoring arrangements, letters of credit, letters of undertaking (buyers credit) and bank guarantees as well as issuance of commercial paper and other structured financing solutions, with or without security as the Board may think fit, from banks, financial institutions, firms, corporate bodies including GE Group companies or affiliates (whether in India or abroad), or any one or more persons notwithstanding that monies to be borrowed together with monies already borrowed by the Company (apart from temporary loans obtained from the Company's bankers in the ordinary course of business) may exceed the aggregate of the paid-up share capital, free reserves and securities premium of the Company, provided that the total amount so borrowed and outstanding at any point of time shall not exceed Rs.68,000 million viz., non-fund based limits of Rs.60,000 million and fund based limits of Rs.8,000 million.MoreLess
    1 for0 against
  • To approve Related Party Transactions with GE Hydro China Co., Limited relating to Purchase orders to be received / placed for several projects for an amount Rs.2,200 million beginning from 31st Annual General Meeting of the Company till 32nd Annual General meeting (to be conducted in year 2024) for a period not exceeding fifteen months.MoreLess
    1 for0 against
  • To approve Related Party Transactions with GE Hydro France relating to Purchase orders to be received for Internal Trade, purchase orders to be placed for several project, reimbursements to be paid / received for an amount Rs.2,179 million beginning from 31st Annual General Meeting of the Company till 32nd Annual General meeting (to be conducted in year 2024) for a period not exceeding fifteen months.MoreLess
    1 for0 against
  • To approve Related Party Transactions with GE India Industrial Private Limited relating to cash pool arrangements for an amount Rs.1,500 million and Rs.6,000 million beginning from 31st Annual General Meeting of the Company till 32nd Annual General meeting (to be conducted in year 2024) for a period not exceeding fifteen months.MoreLess
    1 for0 against
  • To approve Related Party Transactions with GE India Industrial Private Limited relating to support/shared services including facilities and personnel for an amount Rs.600 million beginning from 31st Annual General Meeting of the Company till 32nd Annual General meeting (to be conducted in year 2024) for a period not exceeding fifteen months.MoreLess
    1 for0 against
  • To approve Related Party Transactions with GE Power Global BV. relating to Tender Arrangements/ Indemnities/ Joint & Several Liability undertaking/Parent Company Guarantee for Upper Silleru project for an amount Rs.6,000 million beginning from 31st Annual General Meeting of the Company till 32nd Annual General meeting (to be conducted in year 2024) for a period not exceeding fifteen months.MoreLess
    1 for0 against
  • To approve Related Party Transactions with LM Wind Power Blades (India) Private Limited relating to cash pool arrangements for an amount Rs.1,500 million and Rs.6,000 million beginning from 31st Annual General Meeting of the Company till 32nd Annual General meeting (to be conducted in year 2024) for a period not exceeding fifteen months.MoreLess
    1 for0 against
  • To receive, consider and adopt the audited standalone and consolidated Financial Statements of the Company for the Financial year ended 31 March 2023, and the Reports of the Board of Directors and Auditors thereon.MoreLess
    1 for0 against

Each fund house counted once, from its own disclosure; the reasons are its own words.

Fines

Reported in the filing for the quarter to Jun 2026.

  • Fine or penaltyJoint Commissioner, Bolpur Commissionerate, West BengalSince 23 Apr 2026

    Penalty of Rs. 20,000 under Section 73 of the Central Goods and Services Tax Act, 2017.

    The Order has been passed alleging that the GST input tax credit is in excess as compared to credits available in GSTR 2A reports.

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

At most 1 complaint open, quarter to Sep 2025.
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
Yes
The filing has a part on tax disputes
No
There was a cyber security incident in the quarter
No

The company's own answers in its filing.