Gujarat Industries Power Company Limited has successfully concluded its postal ballot e-voting process, announcing the results of two ordinary resolutions that received overwhelming shareholder approval. The company conducted the e-voting process in compliance with Section 108 of the Companies Act, 2013 and Regulation 44(3) of SEBI LODR Regulations 2015.

E-Voting Process Details

The remote e-voting process was conducted through Central Depository Services (India) Limited (CDSL) platform from 25th February 2026 at 9:00 A.M. to 26th March 2026 at 5:00 P.M. CS Shailja Pandya of Shailja Pandya and Associates served as the independent scrutinizer for the process.

Resolution 1: Director Appointment

The first ordinary resolution for appointing Shri Sanjay S. Bhatt (DIN: 02025125), nominee of Gujarat Alkalies and Chemicals Limited, as a Director of the Company received exceptional support from shareholders.

Resolution 2: Related Party Transactions

The second ordinary resolution to approve material transactions with related parties for Financial Year 2026-27 also secured strong shareholder approval, though promoter group votes were excluded from this resolution due to their interest in the matter.

Scrutinizer's Findings

CS Shailja Pandya confirmed that both resolutions were passed with requisite majority. The scrutinizer noted that invalid and abstain votes were not considered for percentage calculations, and interested promoter category votes were excluded from the second resolution's percentage calculation as per regulatory requirements.

Voting Participation Analysis

The voting participation showed strong institutional support across both resolutions. For the first resolution, 52.70% of outstanding shares participated in voting, while the second resolution saw 10.86% participation, primarily from public shareholders as promoter votes were excluded due to their interest in related party transactions.

The company has fulfilled its disclosure obligations under SEBI LODR Regulations 2015 by announcing these results to BSE Limited and National Stock Exchange of India Limited on 27th March 2026.

Gujarat Industries Power Company Limited has announced the opening of a special window for transfer and dematerialization of physical securities, providing shareholders with an opportunity to complete previously incomplete share transfer processes. The company published official notices in leading newspapers on March 21, 2026, informing stakeholders about this important facility.

Special Window Details

The special window has been established pursuant to SEBI Circular No. HO/38/13/11(2)2026-MIRSD-POD/1/3750/2026 dated January 30, 2026. This facility allows for re-lodgement of transfer deeds of physical shares that were lodged before April 01, 2019 but were rejected, returned, or not attended due to deficiencies in documentation, process, or other reasons.

Key Terms and Conditions

All re-lodged shares through this special window will be issued exclusively in dematerialized (demat) form. The shares will be subject to specific restrictions during the initial period following transfer registration.

Important conditions include:

• Shares will be under lock-in for one year from the date of registration of transfer
• During the lock-in period, shares cannot be transferred, lien-marked, or pledged
• The facility covers transfer requests irrespective of whether they were originally lodged before April 01, 2019

Shareholder Support and Communication

The company has established multiple channels for shareholder assistance during this process. Shareholders can access detailed information through the company's official website at the dedicated weblink for special window notifications.

Regulatory Compliance

The announcement was made in compliance with Regulation 47 of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015. Company Secretary and Compliance Officer CS Shalin Patel signed the official communication to stock exchanges on March 21, 2026.

The notices were published in Financial Express (All India Edition - English) and Loksatta Jansatta (Vadodara Edition - Gujarati), ensuring wide dissemination of information to shareholders across different regions and language preferences. The company has submitted copies of the published notices to both BSE Limited and National Stock Exchange of India Limited as per regulatory requirements.