Meeting Details

  • Type of Meeting: Postal Ballot
  • Date of Meeting / Last Day of Receipt of Postal Ballot Forms: 12-06-2026
  • Record Date: 08-05-2026
  • Total Number of Shareholders on Record Date: 91,115

Proposed Resolutions and Implications

Two ordinary resolutions were proposed for shareholder approval via postal ballot:

1. To appoint Shri Jenu Devan, IAS (DIN: 07852736) as a Director (Nominee of Government of Gujarat) on the Board of Directors of the Company.

2. To appoint Smt. Shalini Agarwal, IAS (DIN: 08172014) as a Director (Nominee of Gujarat Urja Vikas Nigam Limited) on the Board of Directors of the Company.

Voting Process and Methods

  • Voting Method: Remote e-voting exclusively (no physical polling)
  • Agency: Central Depository Services (India) Limited (CDSL) provided the e-voting platform
  • Remote e-voting Period: From Thursday, 14th May, 2026 at 9:00 A.M. to Friday, 12th June, 2026 at 5:00 P.M.
  • Cut-off Date for Voting Rights: Friday, 08th May, 2026

Key Voting Outcomes

Resolution 1: Appointment of Shri Jenu Devan

  • Total Votes Cast: 103,095,925 shares across 349 folios
  • Votes in Favor: 103,083,848 shares (323 folios) - 99.99%
  • Votes Against: 12,077 shares (26 folios) - 0.01%

Resolution 2: Appointment of Smt. Shalini Agarwal

  • Total Votes Cast: 64,711,133 shares across 347 folios
  • Votes in Favor: 64,697,859 shares (320 folios) - 99.98%
  • Votes Against: 13,274 shares (27 folios) - 0.02%

Shareholder Category Participation Breakdown

Promoter and Promoter Group
  • Shares Held: 87,800,917
  • Votes Polled: 49,416,520 (56.2825% participation)
  • Votes in Favor: 100% of votes polled
Public - Institutions
  • Shares Held: 23,506,965
  • Votes Polled: 15,114,156 (64.2965% participation)
  • Votes in Favor: 100% of votes polled
Public - Non Institutions
  • Shares Held: 43,908,062
  • Votes Polled: 180,457 (0.411% participation)
  • Votes in Favor: 167,183 shares (92.6442% of votes polled)
  • Votes Against: 13,274 shares (7.3558% of votes polled)

Scrutinizer's Role and Findings

  • Name of Scrutinizer: CS Shailja Pandya
  • Firm Name: Shailja Pandya and Associates
  • Qualification: Company Secretary
  • Membership Number: 37665
  • Date of Board Meeting Appointment: 12-02-2026
  • Date of Report Issuance: 12-06-2026

The scrutinizer certified that:

  • 349 folios cast e-votes through remote e-voting
  • Both ordinary resolutions were passed with requisite majority
  • Invalid/abstain votes were not considered for percentage calculations
  • Interested promoter category votes were also not considered for percentage calculations

Compliance Confirmation

The process was conducted pursuant to Section 108 of the Companies Act, 2013 read with Rule 20 of the Companies (Management and Administration) Rules, 2014, and Regulation 44(3) of the SEBI (LODR) Regulations, 2015.

Additional Information

  • Invalid Votes: Promoter and Promoter Group (38,384,397 votes), Public - Non Institutions (395 votes)
  • The company's CIN is L99999GJ1985PLC00786