Pursuant to Regulation 30 of SEBI (LODR) Regulations, 2015, Gujarat Industries Power Company Limited has informed the Exchange regarding postal ballot notice dated 20/02/2026 along with explanatory statement.
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GIPCL has issued a postal ballot notice dated 20 February 2026, with remote e-voting open from 25 February 2026 to 26 March 2026. Two ordinary resolutions are put to shareholders: (1) Appointment of Shri Sanjay S. Bhatt (DIN: 02025125) as a Nominee Director representing promoter Gujarat Alkalies & Chemicals Limited (GACL), and (2) Approval of material related party transactions for FY 2026-27. The RPTs cover sale of power to promoter GUVNL worth about Rs. 2,40,000 lakhs, and transactions worth Rs. 3,500 lakhs each with promoter GACL and GSFC. The company's FY25 turnover was Rs. 1,25,625.72 lakhs, so these transactions exceed the 10% materiality threshold under SEBI's Listing Regulations and require shareholder approval.
Routine governance and regulatory compliance items. The director appointment is a nominee of promoter GACL, not an independent addition. The large RPT with GUVNL reflects existing long-term power purchase agreements (PPAs) and is the company's core business - no new commercial terms introduced. Shareholders should review before 26 March 2026, but outcome is unlikely to materially affect stock price.