GIPCL appoints Jenu Deva and Shalini Agarwal to board

Gujarat Industries Power Company Limited has appointed Shri Jenu Deva and Smt. Shalini Agarwal as directors to its board following the conclusion of a postal ballot process. The resolutions received approval from over 99.9% of the votes polled, as detailed in the scrutinizer's report submitted to the stock exchanges on June 12, 2026.

The postal ballot notice was issued on May 6, 2026, with the remote e-voting period open from May 14 to June 12. The record date for determining shareholder eligibility was May 8, 2026. CS Shailja Pandya of Shailja Pandya and Associates served as the independent scrutinizer for the process.

The first resolution sought the appointment of Shri Jenu Deva, IAS (DIN: 07852736), as a Director representing the Government of Gujarat. The second resolution proposed the appointment of Smt. Shalini Agarwal, IAS (DIN: 08172014), as a Director representing Gujarat Urja Vikas Nigam Limited. Both resolutions were classified as ordinary resolutions.

Voting Results

The voting results indicated strong shareholder support for both appointments. A total of 349 shareholders participated in the e-voting process. The table below summarizes the voting figures for each resolution:

Resolution	Votes in Favour	Votes Against	Total Votes Polled	% of Votes in Favour
Appointment of Shri Jenu Deva	103,083,848	12,077	103,095,925	99.99%
Appointment of Smt. Shalini Agarwal	64,697,859	13,274	64,711,133	99.98%

The scrutinizer confirmed that both resolutions were passed with the requisite majority. The report noted that invalid or abstain votes and interested promoter category votes were not considered for calculating the percentage of votes in favour. The company submitted the results to BSE Ltd. and National Stock Exchange of India Ltd. in compliance with Regulation 44(3) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+3.18%	-6.15%	+5.65%	+10.11%	-23.92%	+81.66%

Gujarat Industries Power Company Ltd has opened a special window for the transfer and dematerialization of physical securities, valid from February 5, 2026 to February 4, 2027. This initiative allows shareholders to re-lodge transfer deeds for physical shares that were lodged before April 1, 2019, but were rejected or returned due to documentation deficiencies. All shares re-lodged during this period will be issued only in dematerialized form and will be subject to a one-year lock-in from the date of transfer registration.

Separately, the company issued a second notice for the 'Saksham Niveshak' campaign, a 100-day initiative running from April 1, 2026 to July 9, 2026. Relaunched by the Investors Education and Protection Fund Authority (IEPFA), the campaign targets shareholders with unpaid or unclaimed dividends and those with incomplete Know Your Customer (KYC) details. The disclosures were published in the Financial Express and Loksatta Jansatta on June 4, 2026.

Key Details of the Initiatives

Initiative	Special Window for Transfer	Saksham Niveshak Campaign
Duration	Feb 5, 2026 to Feb 4, 2027	Apr 1, 2026 to Jul 9, 2026
Purpose	Re-lodgement of rejected physical share transfers	Update KYC and claim unpaid dividends
Condition	Shares issued in demat form; 1-year lock-in	Contact RTA or Company

Contact Information

Shareholders with queries regarding the special window or the campaign may contact the company's Registrar and Transfer Agent, MUFG Intime India Private Limited, via email at investor.helpdesk@in.mfms.mufg.com . Physical documents can be submitted to the RTA's office in Vadodara. Alternatively, investors can reach out directly to the company at investors@gipcl.com .