Gujarat Industries Power Company Limited has submitted the Exchange a copy of Scrutinizers report of Postal Ballot. Further, the company has informed the Exchange regarding voting results.
GIPCL · price
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Gujarat Industries Power Company Limited (GIPCL) submitted the scrutinizer's report and voting results of its postal ballot concluded on March 26, 2026, involving 92,082 shareholders on record. Two ordinary resolutions were put to vote. Resolution 1 sought to appoint Shri Sanjay S. Bhatt (DIN: 02025125), a nominee of Gujarat Alkalies and Chemicals Limited (GACL), as a Director of the Company, and was passed with 99.99% votes in favour (81,785,198 votes for vs 9,626 against), representing 52.70% of total share voting. Resolution 2 sought approval for material related party transactions for FY 2026-27, and was passed with 99.93% votes in favour (16,848,303 for vs 11,080 against), representing 10.86% of total share voting. Promoters were classified as interested parties in both resolutions, and their votes were not considered for the purpose of majority calculation. The scrutinizer was CS Shailja Pandya of Shailja Pandya and Associates.
This is a routine corporate governance filing with both resolutions comfortably passing, indicating strong shareholder consensus. Investors should note the induction of a GACL nominee director and the board-approved framework for related party transactions in FY 2026-27. No material impact on share price is expected from this procedural disclosure.