Gujarat Industries Power Company Limited has informed the Exchange regarding Change in Director(s) of the company.
GIPCL · price
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Gujarat Industries Power Company Limited (GIPCL) has appointed two new Nominee Directors on its Board, effective February 12, 2026. The appointees are Shri Sandeep Kumar, an IAS officer and Secretary (Economic Affairs) at the Finance Department, Government of Gujarat, and Shri Sanjay S. Bhatt, Company Secretary and Executive Director (Legal, CC & CSR) at Gujarat Alkalies and Chemicals Limited (GACL). Both appointments are nominee roles made on the recommendation of the Nomination and Remuneration Committee, pursuant to a Government of Gujarat office order and a letter from GACL. The appointments are subject to shareholder approval. Both individuals are confirmed as independent of existing directors and not debarred by SEBI or any authority.
This is a routine governance update with two nominee director additions representing key stakeholders (the Gujarat government and GACL, a government-promoted entity). No material financial impact is expected for shareholders; the change reflects promoter-side governance continuity rather than a strategic shift.