Gujarat Industries Power Company Limited has announced a key change in its senior management structure, focusing on its renewable energy operations. The company has designated Shri Jitendra Singh Ranawat, Chief General Manager (RE), for expanded responsibilities in the renewable energy division.

Management Designation Details

The company has made a strategic appointment to strengthen its renewable energy business operations. The following table outlines the key details of this management change:

Regulatory Compliance

The announcement was made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has provided the required disclosures as prescribed under SEBI Listing Regulations, following the guidelines outlined in SEBI circular SEBI/HO/CFD/CFD-PoD2/CIR/P/0155 dated November 11, 2024.

Strategic Implications

This management restructuring demonstrates the company's commitment to its renewable energy segment. By appointing a dedicated Head of Management for the Renewable Energy Business, Gujarat Industries Power Company Limited is positioning itself to better manage and expand its clean energy operations across Gujarat.

The dual role assignment, encompassing both business management and factory operations oversight, ensures comprehensive leadership for the company's renewable energy initiatives. This consolidated approach under Ranawat's leadership is expected to streamline operations across all renewable energy sites in the state.

Gujarat Industries Power Company Limited has announced the appointment of Shri Jenu Devan, IAS, as Additional Director (Nominee of Government of Gujarat) following a board meeting held on 17th March, 2026. The appointment was approved upon recommendation of the company's Nomination and Remuneration Committee.

Board Meeting Outcome

The company's Board of Directors convened on 17th March, 2026, to deliberate on key governance matters. The primary outcome was the approval of Shri Jenu Devan's appointment as Additional Director, representing the Government of Gujarat's interests on the board.

Professional Background

Shri Jenu Devan is an IAS officer of the 2006 batch with strong academic credentials. He holds a Master of Commerce degree from MG University Kottayam and an MA in Public Policy from Indira Gandhi National Open University, New Delhi.

Throughout his career, Shri Devan has held several important positions within the Government of Gujarat:

• District Development Officer of Dahod and Narmada
• Deputy Municipal Commissioner of Vadodara
• District Collector of Banaskantha
• Managing Director of Tourism Corporation of Gujarat Limited
• Superintendent of Stamps and Inspector General (Registration), Government of Gujarat

Current Responsibilities

Currently serving as Secretary (Expenditure) in the Finance Department, Government of Gujarat, Shri Devan also holds key positions in other state enterprises. He serves as Managing Director in Madhya Gujarat Vij Company Limited and as a Director in Gujarat Fibre Grid Network Limited.

Regulatory Compliance

The company has confirmed that Shri Jenu Devan is not related to any existing directors and is not debarred from holding the office of director by virtue of any SEBI order or other regulatory authority. The appointment details have been disclosed in accordance with SEBI Listing Regulations and SEBI circular SEBI/HO/CFD/CFD-PoD2/CIR/P/0155 dated November 11, 2024.

The notification was signed by CS Shalin Patel, Company Secretary and Compliance Officer, and communicated to both BSE Limited and National Stock Exchange of India Limited as per regulatory requirements.