Gujarat Industries Power Company Limited disclosed the voting results from its 41st Annual General Meeting (AGM) held on Saturday, September 19, 2026, at 11:30 AM IST. The meeting was conducted through Video Conference from the Registered Office at P.O. Ranoli-391350, Dist. Vadodara.

The disclosure was made pursuant to Regulation 44(3) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and Section 108 of the Companies Act, 2013 read with Rule 20 of the Companies (Management and Administration) Rules, 2014.

Voting Process and Participation

  • Remote e-voting was conducted through Central Depository Services (India) Limited (CDSL) from September 16, 2026 (9:00 AM) to September 18, 2026 (5:00 PM)
  • E-voting was also conducted during the AGM on September 19, 2026
  • Cut-off date for determining voting rights: September 11, 2026
  • Total shareholders on record date: 90,947
  • 4 members voted during the AGM through e-voting
  • 200 folios voted through remote e-voting
  • Total votes cast across all resolutions: 10,83,03,874 shares

Scrutinizer Details

  • Name: CS Shailja Pandya
  • Firm: Shailja Pandya & Associates
  • Qualification: Company Secretary
  • Membership Number: A37665
  • Appointment date: February 2, 2026

Resolution Results

Resolution 1: Adoption of Audited Financial Statements for FY26

  • Total votes cast: 10,83,03,874 shares
  • Votes in favor: 10,83,03,531 shares (100.00%)
  • Votes against: 343 shares (0.00%)
  • RESULT: PASSED

Resolution 2: Declaration of Dividend on Equity Shares

  • Total votes cast: 10,83,03,874 shares
  • Votes in favor: 10,83,03,557 shares (100.00%)
  • Votes against: 317 shares (0.00%)
  • RESULT: PASSED

Resolution 3: Re-appointment of Director Kanyo Sadhuram Badlani

  • WITHDRAWN: This resolution was withdrawn as Shri Kanyo Sadhuram Badlani (DIN: 10237996) had withdrawn his candidature from the Board of Directors effective August 31, 2026

Resolution 4: Re-appointment of Director Sanjay S. Bhatt

  • Total votes cast: 10,83,03,874 shares
  • Votes in favor: 10,83,00,665 shares (100.00%)
  • Votes against: 3,209 shares (0.00%)
  • RESULT: PASSED

Resolution 5: Ratification of Cost Auditors' Remuneration for FY27

  • Total votes cast: 10,80,61,353 shares
  • Votes in favor: 10,80,60,810 shares (100.00%)
  • Votes against: 543 shares (0.00%)
  • RESULT: PASSED

Additional Information

  • The scrutinizer's report confirmed that all resolutions were passed with requisite majority
  • Invalid and abstain votes were not considered for percentage calculations
  • The company secretary, CS Shalin Patel, countersigned the scrutinizer's report
  • The document was digitally signed by Shalin Mukesh Patel on September 21, 2026, at 10:11:07 IST