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.

Gujarat Industries Power Company has announced a key board appointment, naming Smt. Shalini Agarwal, IAS, as Additional Director (Nominee) of the company. The appointment was formalized during the 340th Board of Directors meeting held on 22nd April, 2026, following recommendations from the Nomination and Remuneration Committee.

Board Meeting Details and Regulatory Compliance

The board meeting commenced at 03:00 p.m. and concluded at 05:15 p.m. on 22nd April, 2026. The appointment was made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has formally notified both BSE Ltd. and National Stock Exchange of India Ltd. about this appointment through official regulatory filings.

Director Profile and Background

Smt. Shalini Agarwal is a distinguished IAS officer from the 2005 batch, Gujarat cadre, known for her leadership in urban governance, revenue administration, and energy management. She has held various important positions in the Government of Gujarat throughout her career.

Her extensive experience includes:

• Early Career: Assistant Collector in Dahod District, Revenue Officer in Panchmahal, and Under Secretary in the General Administration Department
• Development Administration: District Development Officer in Tapi Vyara and Panchmahal
• District Leadership: District Collector in Tapi-Vyara, Kheda, Aravalli, and Vadodara
• Urban Governance: Municipal Commissioner in Vadodara and Surat, spearheading smart city planning, sanitation, and infrastructure modernization initiatives
• Fiscal Management: Additional Commissioner of Commercial Tax in the Finance Department

Current Responsibilities and Recognition

Currently, Smt. Agarwal serves as Managing Director of Gujarat Urja Vikas Nigam Limited (GUVNL) and Director of Gujarat Fibre Grid Network Limited, where she leads Gujarat's energy and digital infrastructure initiatives. Her role involves overseeing critical aspects of the state's power sector development and digital transformation.

Smt. Agarwal has been recognized for her innovative governance approach and has received awards for water conservation projects and sustainable urban development. She also holds multiple world records for impactful community-driven initiatives, demonstrating her commitment to public service and development.

Compliance and Independence Confirmation

The company has confirmed that Smt. Shalini Agarwal is not related to any of the existing Directors of the company and is not debarred from holding the Office of Director by virtue of any SEBI order or any other authority. This appointment strengthens the board's expertise in energy sector management and governance, aligning with the company's strategic focus on power generation and infrastructure development.