Gujarat Industries Power Company Limited has informed the Exchange regarding 'Appointment of Secretarial Auditor'.
GIPCL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 6.3 pts more than Nifty Microcap 250 and 6.9 pts more than its Power Generation peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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GIPCL's board approved audited FY25 results with revenue from operations of Rs. 1,25,625.72 lakhs, down from Rs. 1,34,863.80 lakhs last year (about 7% decline). Despite lower revenue, profit after tax rose to Rs. 21,143.41 lakhs from Rs. 19,851.07 lakhs (up ~6.5%) and EPS grew to Rs. 13.97 from Rs. 13.12, helped by lower fuel and finance costs. The board recommended a dividend of Rs. 4.09 per share (40.90%) for FY25, subject to shareholder approval. Statutory auditors CNK & Associates issued an unmodified (clean) opinion on the results. The company also appointed M/s. TNT & Associates as Secretarial Auditor for 5 years (FY26–FY30) and M/s. Dalwadi & Associates as Cost Auditor for FY26. Capital work-in-progress jumped sharply (from Rs. 43,659 to Rs. 3,26,634 lakhs) and long-term borrowings rose to Rs. 1,73,346 lakhs, indicating a major ongoing capex phase.
Lower top-line but better profitability and a healthy dividend are mildly positive for shareholders. The sharp rise in borrowings and work-in-progress signals heavy capacity expansion, which could support future earnings but also raises leverage. Overall, the clean audit opinion and steady dividend are reassuring for retail investors.