Shareholders meeting

GEVERNOVA GE Power India Limited CIN- L74140MH1992PLC068379 Corporate Office: Axis House, Plot No 1-14, Towers 5 & 6, Jaypee Wish Town, Sector 128, Noida, Uttar Pradesh - 201304 T +91 0120 5011011 I F +91 0120 5011100 Registered Office: Regus Magnum Business Centers, 11th floor, Platina, Block G, Plot C-59, BKC, Bandra (E), Mumbai, Maharashtra -- 400051 T + 9122 68841741 Email id: in.investor-relations@gevernova.com https://www.gevernova.com/regions/asia/in/ge-power-india limited 18 July 2026 To, To, National Stock Exchange of India Ltd. BSE Ltd. Exchange Plaza, Plot No. C/1, G Block, P.J. Towers, Bandra-Kurla Complex, Bandra (E), Dalal Street, Mumbai - 400 051 Mumbai - 400 001 Symbol: GVPIL Scrip Code: 532309 Sub.:Notice of 34Annual General Meeting and Annual Report for the Financial Year2025-26 Dear Sir/Madam, Pursuant to the provisions of Regulation 34 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("Listing Regulations") and other applicable provisions, please find enclosed herewith Annual Report for the Financial Year 2025-26 along with the Notice of 34 Annual General Meeting ("AGM") of the Company scheduled to be held on Friday, 14 August 2026, at 11:30 A.M. (IST) through Video Conferencing ("vC") /Other Audio-Video means ("OAVM"). The electronic copy of the same is being sent through email to those Members whose email addresses are registered with the Company/Depository Participants. The Annual Report along with the Notice of 34t AGM are also available on the website of the Company i.e. https://www.gevernova.com/regions/asia/in/ge-power-india-limited Further, in accordance with Regulation 36(1)(b) of Listing Regulations, a letter containing the web-link for accessing the Annual Report for financial year 2025-26 and Notice of 34 AGM, is also being sent to those Members who have not registered their E-mail IDs with Company/Depository Participants. A copy of the letter is enclosed herewith. We would like to inform you that the Company has fixed Friday, 07 August 2026 as the "cut-off date" for ascertaining the names of the Members holding shares either in physical form or in dematerialized form, who will be entitled to cast their votes electronically in respect of the businesses to be transacted as per the Notice of the AGM and to attend the AGM. This is for your information and dissemination. Thanking you. Yours truly, For GE Power India Limited vIPuL ET.I SHARMA EE"_.. Vipul Sharma Company Secretary & Compliance Officer Membership No.- A27737 Enc:a/a THE ENERGY OF CHANGE GE Power India Limited Annual Report 2025-26 WHAT'S INSIDE CORPORATE OVERVIEW 01 GE Power India Limited 02 Business Portfolios THE REPORT 03 Corporate Information 04 Board of Directors & Key Managerial Personnel - Profile 08 Committee Details 10 5-Year Financial Performance 11 Events and Awards STATUTORY REPORTS 12 Directors’ Report 30 Annexure A: Secretarial Audit Report 33 Annexure B: Form AOC-1 34 Annexure C: Energy Conservation, Technology Absorption and Foreign Exchange Earnings and Outgo 35 Annexure D: Particulars of Employees and other Related Disclosures 37 Annexure E: Annual Report on Corporate Social Responsibility (CSR) Activities 39 Annexure F: Business Responsibility & Sustainability Report 85 Management Discussion and Analysis 93 Corporate Governance Report FINANCIAL STATEMENTS 118 Standalone Financial Statements 202 Consolidated Financial Statements NOTICE 286 Notice of Annual General Meeting This annual report reflects our commitment towards creating a better tomorrow. Scan QR code to visit our website. https://www.gevernova.com/regions/asia/in/ge- power-india-limited GE POWER INDIA LIMITED GE Power India Limited (GEPIL) is one of the leading players in the Indian power generation equipment market. Today, with the expansion of economy, globalization, innovation, amidst political and economic challenges, GEPIL has successfully partnered in the modernization and growth of Indian infrastructure. It has a countrywide presence of sales offices and workshops. GEPIL continues to offer a comprehensive portfolio of power generation solutions with a focus on emissions control and services portfolio providing sustainable, affordable, and reliable electricity. GE Power India Limited BUSINESS PORTFOLIOS STEAM POWER Services Automation and Control Boilers Mills Air Quality Control Systems 02 GE Power India Limited CORPORATE OVERVIEW STATUTORY REPORTS FINANCIAL STATEMENTS CORPORATE INFORMATION BOARD OF DIRECTORS CHIEF FINANCIAL OFFICER REGISTERED OFFICE Mr. Craig Martin Richards Mr. Rahul Rojal GE Power India Limited Chairman (appointed w.e.f. 15 August (appointed w.e.f. 19 June 2026) CIN: L74140MH1992PLC068379 2025) & Non-Executive Director Regus Magnum Business Centers, (appointed w.e.f. 14 August 2025) COMPANY SECRETARY & 11th floor, Platina, Block G, Plot C-59, Mr. Mahesh Shrikrishna Palashikar COMPLIANCE OFFICER BKC, Bandra (E), Mumbai – 400051, Chairman & Non-Executive Director Mr. Vipul Sharma Maharashtra (retired w.e.f. 14 August 2025) (appointed w.e.f. 19 June 2026) T + 91 22 68841741 Website: https://www.gevernova. Mr. Puneet Bhatla Ms. Kamna Tiwari com/regions/asia/in/ge-power-india- Managing Director (resigned w.e.f. 02 April 2026) limited Mr. Ashok Kumar Barat Email ID: in.investor-relations@ Non-Executive & AUDITORS gevernova.com Independent Director Statutory Auditors M/s. Deloitte Haskins and Sells, Ms. Shukla Wassan CORPORATE OFFICE Chartered Accountants Non-Executive & Independent Director Internal Auditors Axis House, Plot No 1-14, Towers 5&6, Jaypee Wish Town M/s. Ernst & Young LLP Mr. Neeraj Kumar Nanda Sector 128, Noida - 201304, Non-Executive & Secretarial Auditors Uttar Pradesh Independent Director M/s. VKC & Associates, Ph: +91 (0120) 5011011 (appointed w.e.f. 16 May 2025) Company Secretaries Fax: +91 (0120) 5011100 Mr. Aashish Ghai Cost Auditors Whole-Time Director & M/s. Yogesh Gupta & Associates, REGISTRAR & TRANSFER Chief Financial Officer Cost Accountants (resigned w.e.f. 13 May 2026) AGENT Mr. Shrikar Thakur KFin Technologies Limited Additional & Whole-Time Director Selenium Building Tower B, (appointed w.e.f. 01 July 2026) Plot 31 & 32, Financial District, Nanakramguda, Serilingampally Mandal, Hyderabad – 500032, Telangana Ph: +91 (040) 67162222 Website: www.kfintech.com Email ID: einward.ris@kfintech.com Annual Report 2025-26 03 GE Power India Limited BOARD OF DIRECTORS AND KEY MANAGERIAL PERSONNEL - PROFILE Mr. Craig Martin Richards serves as Hydro Asia Regional General Manager for GE Vernova and also has responsibility for the global Steam New Build portfolio. He brings more than 25 years of leadership experience across the power generation industry, spanning manufacturing, EPC project execution, finance, services, and business transformation. Prior to his current role, Craig held several senior leadership positions including India Steam New Build Leader, EPC Project CFO, Boiler CFO, Strategic Projects Leader, and Steam Power Major Projects Leader. He is known for his transparent and collaborative leadership style and his ability to drive focus, accountability, and transformation across complex organizations. Craig holds a degree in International Business & Finance from Leeds University, United Kingdom. Mr. Craig Martin Richards Chairman & Non-Executive Director Mr. Puneet currently leads the Steam Power India Growth Areas (core and upgrade services, air quality control equipment, and Durgapur manufacturing) for the Steam Power India business. In this role, he is responsible for developing and driving business profitability in the region, executing the operational business plan, overseeing the lifecycle customer experience from order to execution, and people leadership. Prior to his current role, he led the India Services Operations team as the Executive Leader at GE Steam Power. Puneet has more than 36 years of extensive experience working with premier power sector companies, including NTPC Limited, Bh [Showing first 8,000 characters — download PDF for full document]