Gujarat Industries Power Company Ltd. has announced that its board of directors will meet on Friday, May 29, 2026. The meeting has been convened to discuss and approve the company's financial performance for the recent period.

Agenda for the Meeting

The primary focus of the board meeting will be to consider and approve the standalone audited financial results for the fourth quarter (Q4) and the financial year 2025-26, which ended on March 31, 2026. Additionally, the board will review the standalone audited financial statements for the full fiscal year.

Another key item on the agenda is the recommendation of a dividend for the financial year 2025-26. Any dividend declared will be subject to approval by the shareholders at the company's ensuing 41st Annual General Meeting.

Trading Window Closure

In compliance with the Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015, and the company's internal code of conduct, the trading window has been closed. This restriction applies to all designated persons, their immediate relatives, and connected persons. The window closed effective April 1, 2026, and will remain shut until 48 hours after the conclusion of the board meeting on May 29, 2026.

Meeting Details

Gujarat Industries Power Company Limited has published its Postal Ballot Notice in newspapers on 12 May 2026, pursuant to Regulation 47 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The notice was published in the Financial Express (All India Edition, English) and Loksatta Jansatta (Vadodara Edition, Gujarati), informing shareholders about the dispatch of the Postal Ballot Notice dated 6 May 2026, the cut-off date, e-voting details, and other relevant information. The communication was submitted to BSE Limited and the National Stock Exchange of India Limited by Company Secretary and Compliance Officer CS Shalin Patel.

Background: Postal Ballot for Director Appointments

The postal ballot process was initiated to seek shareholder approval for the appointment of two IAS officers as nominee directors on the Company's Board. Both resolutions are of the Ordinary Resolution type and were recommended by the Nomination and Remuneration Committee before being approved by the Board. The following table summarises the key details of the proposed appointments:

Each appointee shall be liable to retire by rotation, and neither is disqualified under Section 164 of the Companies Act, 2013, nor debarred from holding office by any SEBI or other regulatory order.

E-Voting Schedule and Eligibility

The remote e-voting process is being conducted exclusively through the CDSL platform. The Postal Ballot Notice was electronically dispatched to all members whose email IDs are registered with the Company, its Registrar and Transfer Agent MUFG Intime India Private Limited, or Depository Participants, as on the cut-off date. Physical copies of the notice, postal ballot forms, and pre-paid business reply envelopes are not being dispatched, in compliance with applicable MCA Circulars. The key e-voting parameters are as follows:

Profile of Proposed Directors

Shri Jenu Devan, IAS is an officer of the 2006 batch holding a Master of Commerce from MG University Kottayam and an MA (Public Policy) from Indira Gandhi National Open University, New Delhi. He has held several positions in the Government of Gujarat, including District Development Officer of Dahod and Narmada, Deputy Municipal Commissioner of Vadodara, District Collector of Banaskantha, Managing Director of the Tourism Corporation of Gujarat Limited, and Superintendent of Stamps and Inspector General (Registration). He is posted as Secretary (Expenditure) in the Finance Department, Government of Gujarat, and also serves as Nominee Director of Madhya Gujarat Vij Company Limited and Gujarat Fibre Grid Network Limited.

Smt. Shalini Agarwal, IAS is an officer of the 2005 batch (Gujarat cadre) holding a Bachelor of Engineering in Electrical Engineering. She has served in roles including Assistant Collector in Dahod District, Revenue Officer in Panchmahal, Under Secretary in the General Administration Department, District Development Officer in Tapi-Vyara and Panchmahal, and District Collector in Tapi-Vyara, Kheda, Aravalli, and Vadodara. She has also served as Municipal Commissioner in Vadodara and Surat, and as Additional Commissioner of Commercial Tax in the Finance Department. She serves as Managing Director of Gujarat Urja Vikas Nigam Limited (GUVNL) and Director of Gujarat Fibre Grid Network Limited.

Voting Results and Scrutinizer Process

The Postal Ballot Notice is available on the Company's website at www.gipcl.com , on the websites of BSE Limited and National Stock Exchange of India Limited, and on the CDSL website at www.cdslindia.com . The Scrutinizer, CS Shailja Pandya, will submit her report to the Managing Director or Company Secretary upon completion of scrutiny. Results will be declared within two working days from the conclusion of e-voting and will be displayed at the Registered Office, communicated to the stock exchanges, NSDL and CDSL, and uploaded on the Company's website. Shareholders with grievances related to e-voting may contact CDSL at helpdesk.evoting@cdslindia.com or at toll-free number 1800 22 55 33.