Intimation regarding notice of Postal Ballot dated 06/05/2026
GIPCL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Gujarat Industries Power Company Ltd (GIPCL) is seeking shareholder approval via postal ballot for appointing two new directors. Resolution 1 proposes Shri Jenu Devan, IAS (2006 batch, DIN: 07852736) as Nominee Director of Government of Gujarat - he currently serves as Secretary (Expenditure) in Gujarat Finance Department and was appointed as Additional Director from 17/03/2026. Resolution 2 proposes Smt. Shalini Agarwal, IAS (2005 batch, DIN: 08172014) as Nominee Director of Gujarat Urja Vikas Nigam Limited (GUVNL) - she currently serves as Managing Director of GUVNL and was appointed as Additional Director from 22/04/2026. Both appointments are Ordinary Resolutions. Remote e-voting runs from 14th May 2026 to 12th June 2026. Both directors will be liable to retire by rotation.
These are routine board appointments replacing existing nominee directors from government bodies. No material impact on stock price expected. The appointments strengthen government oversight given both nominees hold senior positions in Gujarat's finance and energy departments.