Gujarat Industries Power Company Limited has informed the Exchange regarding Notice of Postal Ballot dated 06/05/2026.
GIPCL · price
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Gujarat Industries Power Company Limited is seeking shareholder approval via postal ballot to appoint two nominee directors. The first resolution proposes appointing Shri Jenu Devan, IAS (DIN: 07852736) as a Director, nominee of Government of Gujarat. He was appointed as Additional Director on 17/03/2026 and currently serves as Secretary (Expenditure) in Gujarat's Finance Department. The second resolution proposes appointing Smt. Shalini Agarwal, IAS (DIN: 08172014) as a Director, nominee of Gujarat Urja Vikas Nigam Limited. She was appointed as Additional Director on 22/04/2026 and currently serves as Managing Director of Gujarat Urja Vikas Nigam Limited. Both appointments are ordinary resolutions and the e-voting period runs from 14th May 2026 to 12th June 2026.
Routine governance matter confirming government nominees on the board. As a state-owned power company with strong government backing, these appointments reflect the existing shareholder structure and are unlikely to have any direct impact on the stock price.