Recommended Reappointment of Independent Directors for the 2nd Term of 3 years for approval of the Shareholders
GUJENERGY · price
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Gujarat Energy Limited (formerly Gujarat Gas Limited) held its Board Meeting on May 30, 2026, approving audited standalone and consolidated financial results for Q4 and FY26. The company reported total income of Rs. 24,818.89 crore (down from Rs. 28,317.09 crore in FY25 due to demerger impact), profit after tax of Rs. 2,298.55 crore, and EPS of Rs. 24.50. The Board recommended a final dividend of Rs. 8.90 per equity share. Four Independent Directors (Prof. Yogesh Singh, Shri Bhadresh Mehta, Shri Balwant Singh, and Dr. Rekha Jain) are being recommended for reappointment for their 2nd term of 3 years. Notably, Shri Balwant Singh and Dr. Rekha Jain will continue beyond the age of 75 years subject to shareholder approval. Changes in Senior Management Personnel were also approved, and the registered office is being relocated within Gandhinagar.
The reappointment of independent directors ensures continuity of board oversight. Two directors continuing beyond age 75 may attract shareholder scrutiny but follows due governance process. The financial results reflect the impact of the completed amalgamation and demerger of the Gas Transmission business.