Gujarat Energy Limited

Voting Process and Timeline

  • The postal ballot notice was dispatched on 3rd July 2026.
  • Remote e-voting was conducted through Central Depository Services (India) Limited (CDSL).
  • The voting period commenced on Saturday, 4th July 2026 at 09:00 AM IST and ended on Sunday, 2nd August 2026 at 05:00 PM IST.
  • The scrutinizer, Kiran Kumar Patel (Proprietor of M/s K. K. Patel & Associates, Practicing Company Secretaries), was appointed by the Board of Directors in a meeting dated 30th May 2026.
  • The scrutinizer's report was issued to the company on 3rd August 2026.
  • The record date for determining eligible shareholders was 26th June 2026.

Shareholder Base and Participation

  • Total number of shareholders on the record date: 333,588
  • Total number of outstanding shares: 938,230,849
  • Total number of votes polled: 822,496,782 (87.6646% of outstanding shares)
  • No invalid votes were cast across any shareholder category.

Resolution-wise Voting Results

All eight resolutions were passed with the requisite majority. The detailed breakdown is as follows:

1. Ordinary Resolution: Appointment of Shri Manoj Kumar Das, IAS (DIN: 06530792) as Director & Chairman

  • Votes in Favour: 783,399,720 (95.25% of votes cast)
  • Votes Against: 39,097,062 (4.75% of votes cast)
  • 1 shareholder holding 76 equity shares did not cast votes (unutilized). 5 shareholders partially did not vote for 72,560 shares out of a total holding of 1,517,349 shares.

2. Ordinary Resolution: Appointment of Smt. Avantika Singh Aulakh, IAS (DIN: 07549438) as Managing Director & remuneration approval

  • Votes in Favour: 754,633,680 (91.75% of votes cast)
  • Votes Against: 67,862,910 (8.25% of votes cast)
  • 2 shareholders holding 268 equity shares did not cast votes. 5 shareholders partially did not vote for 72,560 shares.

3. Ordinary Resolution: Appointment of Shri Ashwini Kumar, IAS (DIN: 06581753) as Director

  • Votes in Favour: 782,800,261 (95.17% of votes cast)
  • Votes Against: 39,696,255 (4.83% of votes cast)
  • 4 shareholders holding 342 equity shares did not cast votes. 5 shareholders partially did not vote for 72,560 shares.

4. Special Resolution: Re-appointment of Prof. Yogesh Singh (DIN: 06600055) as Independent Director (2nd term)

  • Votes in Favour: 743,646,614 (90.41% of votes cast)
  • Votes Against: 78,849,995 (9.59% of votes cast)
  • 3 shareholders holding 249 equity shares did not cast votes. 5 shareholders partially did not vote for 72,560 shares.

5. Special Resolution: Re-appointment of Shri Bhadresh Mehta (DIN: 02625115) as Independent Director (2nd term)

  • Votes in Favour: 754,073,804 (91.68% of votes cast)
  • Votes Against: 68,422,785 (8.32% of votes cast)
  • 4 shareholders holding 269 equity shares did not cast votes. 5 shareholders partially did not vote for 72,560 shares.

6. Special Resolution: Continuation of Shri Balwant Singh, IAS (Retd.) (DIN: 00023872) as Director beyond 75 years

  • Votes in Favour: 808,868,254 (98.34% of votes cast)
  • Votes Against: 13,622,958 (1.66% of votes cast)
  • 8 shareholders holding 5,646 equity shares did not cast votes. 5 shareholders partially did not vote for 72,560 shares.

7. Special Resolution: Re-appointment of Shri Balwant Singh, IAS (Retd.) as Independent Director (2nd term) & continuation beyond 75

  • Votes in Favour: 782,479,921 (95.13% of votes cast)
  • Votes Against: 40,016,201 (4.87% of votes cast)
  • 8 shareholders holding 736 equity shares did not cast votes. 5 shareholders partially did not vote for 72,560 shares.

8. Special Resolution: Re-appointment of Dr. Rekha Jain (DIN: 01586688) as Independent Woman Director (2nd term) & continuation beyond 75

  • Votes in Favour: 799,988,569 (97.26% of votes cast)
  • Votes Against: 22,507,140 (2.74% of votes cast)
  • 4 shareholders holding 1,149 equity shares did not cast votes. 5 shareholders partially did not vote for 72,560 shares.

Category-wise Voting Analysis

A consistent pattern was observed across all resolutions:

  • Promoter & Promoter Group: Held 365,379,930 shares. Near-unanimous participation (~99.64%) and 100% approval for all resolutions.
  • Public Institutions: Held 323,971,615 shares. Participation ranged from ~90.50%. Approval rates varied significantly across resolutions (73.13% to 95.38%).
  • Public Non-Institutions: Held 248,879,304 shares. Participation was lower (~66.40%). Approval rates were very high, ranging from 99.96% to 99.98%.

Scrutinizer Details

  • Name: Kiran Kumar Patel
  • Firm: M/s K. K. Patel & Associates
  • Qualification: Company Secretary (CS)
  • Membership Number: 6384
  • Date of Board Appointment: 30th May 2026
  • Date of Report Issuance: 3rd August 2026

The scrutinizer confirmed the process was conducted fairly and transparently, and all resolutions were passed.

Availability of Information

The complete voting results and scrutinizer's report are available on the company's website (www.gujarat-energy.com) and the CDSL website (www.evotingindia.com).