Gujarat Industries Power Company has announced that its proposed dividend of ₹4.10 per equity share will be paid on or after September 23, 2026, subject to shareholder approval at the upcoming annual general meeting.

The company previously set the record date for Friday, September 11, 2026. Shareholders holding equity shares on this date are eligible for the dividend entitlement. The register of members and share transfer books will remain closed from Saturday, September 12, 2026, to Saturday, September 19, 2026.

Annual General Meeting Details

The company will hold its 41st Annual General Meeting (AGM) on Saturday, September 19, 2026, at 11:30 am. The meeting will be conducted through video conferencing or other audio-visual means from the registered office in Vadodara, Gujarat.

Key agenda items for the AGM include:

• Adoption of audited financial statements for the financial year ended March 31, 2026
• Declaration of dividend on equity shares
• Re-appointment of directors Kanyo Sadhuram Badlani and Sanjay S. Bhatt, who retire by rotation
• Ratification of remuneration payable to cost auditors M/s. Dalwadi & Associates for FY27

The remuneration for cost auditors is set at ₹1,60,000 plus applicable taxes and reimbursement of out-of-pocket expenses, capped at 10% of cost audit fees.

E-Voting Process

Shareholders can participate in e-voting during a specific window. The cut-off date for e-voting eligibility is Friday, September 11, 2026. Remote e-voting will commence on Wednesday, September 16, 2026, at 9:00 am and conclude on Friday, September 18, 2026, at 5:00 pm.

Voting will be facilitated by Central Depository Services (India) Limited. Individual shareholders holding shares in demat mode can access the e-voting system through their depository accounts with CDSL or NSDL. Physical shareholders and non-individual demat holders must log in to the CDSL e-voting portal using their user ID and password.

Gujarat Industries Power Company filed its Business Responsibility and Sustainability Report (BRSR) for FY26 with stock exchanges on August 24, 2026. The filing discloses a turnover of ₹14,911.2 crore and a net worth of ₹38,402.3 crore as of March 31, 2026.

The company reported that 99.02% of its capital expenditure was directed toward renewable energy infrastructure, primarily solar assets. This investment aligns with its strategy to expand renewable generation capacity, including the commissioning of two new solar plants adding 675 MW during the year.

What the Numbers Show

Gujarat Industries Power maintains high customer concentration, with 92.32% of sales made to related parties in FY26, down slightly from 93.21% in FY25. This indicates a continued heavy reliance on Gujarat Urja Vikas Nigam Limited (GUVNL) as the primary off-taker for its electricity generation.

Operational Efficiency

The company improved its energy intensity metrics in FY26. Energy intensity per rupee of turnover fell to 0.25 Tera Joules, compared to 0.30 in the previous year. Similarly, water intensity per rupee of turnover decreased to 36.70 kilolitres from 45.58. Total energy consumption rose to 37,563.76 Tera Joules, driven by increased fuel consumption of 35,918.35 Tera Joules from non-renewable sources.

Environmental Impact

Greenhouse gas emissions (Scope 1 and 2) totaled 39,15,860 metric tonnes of CO2 equivalent in FY26. Scope 1 emissions were 36,13,802.60 metric tonnes, while Scope 2 emissions stood at 3,02,057.79 metric tonnes. Emission intensity per rupee of turnover declined to 26.26 metric tonnes from 31.11 in FY25.

The company generated 12,25,116.05 metric tonnes of waste, primarily fly ash (2,95,165.07 metric tonnes) and other non-hazardous waste (9,29,912.00 metric tonnes). It achieved 100% utilization of fly ash by selling it to real estate companies for green cement production.

Governance and Safety

Gujarat Industries Power reported zero safety-related incidents and zero fatalities across all operations in FY26. The company holds ISO certifications for quality, environmental, occupational health, and energy management systems. No fines or penalties were levied by regulatory agencies during the period.