Narendra Nath Misra has ceased to be an independent director on the board of Gujarat Industries Power Company Limited. The departure follows the conclusion of the company’s 41st annual general meeting held on September 19, 2026.

Misra completed his maximum permissible tenure under Section 149(11) of the Companies Act, 2013. He served two consecutive five-year terms before stepping down.

Regulatory Disclosure

The company notified the Bombay Stock Exchange and the National Stock Exchange of India Ltd regarding the change in directorship. The disclosure was made pursuant to Regulation 30(2) read with Para A of Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Shalin Patel, Company Secretary and Compliance Officer, signed the regulatory filing. The notice confirmed that no relationship disclosures were applicable between the directors in this context.

Key Details

Gujarat Industries Power Company issued an addendum to its 41st Annual General Meeting notice, dropping the re-appointment of Kanyo Sadhuram Badlani as a resolution after Gujarat State Fertilizers & Chemicals Limited (GSFC) withdrew his nomination effective August 31, 2026.

The addendum, published on September 4, 2026, in Financial Express (All India Edition) and Loksatta Jansatta (Vadodara edition), was issued pursuant to Regulation 47 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The resolution proposed at Item No. 03 of the 41st AGM notice — seeking member approval for Badlani's re-appointment — has been rendered infructuous and invalid, and has accordingly been dropped.

Board nomination change

Badlani, who served as Senior Vice President (Projects) at GSFC, was a nominee director representing the state-owned fertilizer firm on the Gujarat Industries Power Company board. His cessation from the board was disclosed under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. GSFC approved the replacement of Badlani with Dr. Rajender Kumar, IAS, Managing Director of GSFC, with the GSFC board ratifying this nomination during its meeting held on August 12, 2026.

41st AGM proceedings

The 41st AGM of Gujarat Industries Power Company is scheduled to be held on Saturday, September 19, 2026, at 11:30 am through Video Conferencing (VC) or Other Audio-Visual Means (OAVM). Following the removal of Resolution No. 3, only Resolution Nos. 1, 2, 4, and 5 will be placed before members for consideration and approval. Remote e-voting and e-voting facilities during the AGM will remain available for these four resolutions. Shareholders can access the addendum on the company's website and on the website of the Central Depository Service (India) Limited.