GIPCLNSEGujarat Industries Power Company Limited· PowerMediumNeutral
Announced Tue, 17 Mar · 15:13 IST

Gujarat Industries Power Company Limited has informed the Exchange regarding Appointment of Shri Jenu Devan, IAS as an Additional Director (Nominee of GOG) of the company w.e.f. March 17, 2026.

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GIPCL · price

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Price reaction · full curve 14 horizons · vs prior close
+4.5%1-day move
₹129.20
prior close
₹130.50
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-0.1-0.4-0.1+4.5+1.8+2.8-1.9+0.5-2.7+8.1+20.0+11.1+26.9
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AI summary

Gujarat Industries Power Company Limited (GIPCL) announced the appointment of Shri Jenu Devan, a 2006-batch IAS officer, as an Additional Director on the company's board with effect from March 17, 2026. He is nominated by the Government of Gujarat, where he currently serves as Secretary (Expenditure) in the Finance Department. His appointment was recommended by the Nomination and Remuneration Committee and approved by the Board. The company confirmed he is not related to any existing directors and is not debarred from holding office by any regulatory order. He also holds directorships at Madhya Gujarat Vij Company Limited and Gujarat Fibre Grid Network Limited.

Likely market impact

This is a routine government-nominee directorship change and is unlikely to have any material impact on the stock price or operations. Shareholders may note continued government representation on the board.