Gujarat Industries Power Company Limited has announced a significant change in its Board of Directors, with the cessation of Shri Sandeep Kumar, IAS from his position as Director (Nominee of Government of Gujarat). The announcement was made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Director Cessation Details

Shri Sandeep Kumar, IAS, holding Director Identification Number (DIN) 06576903, ceased to be a Director on the company's Board effective 19/02/2026. Kumar served in his capacity as Secretary (Economic Affairs) in the Finance Department, Government of Gujarat, and was nominated to the Board by the state government.

Regulatory Communication

The cessation was formalized through official communication from the Finance Department, Government of Gujarat, via letter no. FD/0396/02/2026 dated 18/02/2026. The company received this communication through mail on 19/02/2026, the same date the cessation became effective.

The company has fulfilled its regulatory obligations by informing both the Bombay Stock Exchange (BSE) and National Stock Exchange of India (NSE) about this board change. Gujarat Industries Power Company trades on BSE with scrip code 517300 and on NSE with the symbol GIPCL.

Compliance Framework

As per SEBI regulations, the company provided comprehensive details of the director change in accordance with SEBI circular SEBI/HO/CFD/CFD-PoD2/CIR/P/0155 dated November 11, 2024. The formal notification was signed by CS Shalin Patel, Company Secretary and Compliance Officer, ensuring proper documentation and regulatory compliance.

Company Background

Gujarat Industries Power Company Limited, incorporated with CIN L99999GJ1985PLC007868, operates from its registered office at P.O. Ranoli - 391 350, Dist. Vadodara, Gujarat. The company maintains ISO 9001, 14001, and 18001 certifications and operates facilities including the Vadodara Plant at Ranoli and the Surat Lignite Power Plant at Village Nani Naroli.

This board change represents a routine administrative transition in the company's governance structure, with the cessation occurring due to the withdrawal of government nomination rather than any performance-related issues.

Gujarat Industries Power Company Limited has announced a significant senior management appointment, informing stock exchanges about the addition of a seasoned energy sector professional to its leadership team. The company filed the disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, on February 17, 2026.

Key Appointment Details

The company has appointed Mr. Jitendra Singh Ranawat as Chief General Manager (RE) with effect from February 16, 2026. The appointment represents a strategic addition to the company's senior management team, particularly in the renewable energy segment.

Professional Background and Expertise

Mr. Ranawat brings extensive experience to his new role, with over 26 years of progressive leadership experience in the energy sector. His professional background encompasses multiple critical areas of power generation and renewable energy operations.

Key Areas of Expertise

• Power Plant Operations: Comprehensive experience across thermal, gas, solar, wind, and BESS (Battery Energy Storage Systems) projects
• Renewable Energy: Specialized knowledge in renewable energy project development and management
• Project Execution: Proven track record in managing complex energy projects from conception to completion
• Operational Excellence: Recognition for driving performance improvements and cost optimization initiatives
• Team Leadership: Experience in leading diverse teams and managing multi-million-dollar budgets
• Compliance Management: Expertise in ensuring adherence to safety and environmental standards
• Strategic Planning: Proven capabilities in technology integration and energy efficiency initiatives

Regulatory Compliance

The appointment disclosure was made in accordance with SEBI regulations, specifically following the guidelines outlined in SEBI circular SEBI/HO/CFD/CFD-PoD2/CIR/P/0155 dated November 11, 2024. The company confirmed that there are no relationships between the appointee and existing directors, ensuring transparency in the appointment process.

Company Communication

CS Shalin Patel, Company Secretary and Compliance Officer, signed the official communication to both BSE Limited and National Stock Exchange of India Limited. The disclosure ensures that all stakeholders are informed about this important leadership addition to the company's management structure.

This appointment underscores Gujarat Industries Power Company's commitment to strengthening its renewable energy capabilities and operational expertise as it continues to expand its presence in India's evolving energy landscape.