Disclosure Context

Gujarat Industries Power Company Limited (GIPCL) submitted a regulatory filing to BSE and NSE pursuant to Regulations 30 and 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosure outlines outcomes from the 342nd Meeting of the Board of Directors held on 11th August 2026, which commenced at 3:30 PM and concluded at 6:00 PM.

Financial Results Approval

The Board approved the Standalone Unaudited Financial Results (UFR) for the First Quarter (Q1) of FY 2026-27 ended 30th June 2026, as recommended by the Audit Committee in its meeting held on 10th August 2026.

Key Financial Figures (₹ in Lakhs)

Quarter Ended 30th June 2026:

  • Total Income: ₹61,130.95
  • Total Expenses: ₹40,012.59
  • Profit Before Tax: ₹21,118.36
  • Tax Expenses: ₹4,876.36 (Current Tax: ₹4,424.06, Deferred Tax: ₹452.30)
  • Profit for the Period: ₹15,789.70
  • Other Comprehensive Income: ₹392.73
  • Total Comprehensive Income: ₹16,182.43
  • Basic EPS: ₹10.17
  • Diluted EPS: ₹10.17

Comparative Figures (Quarter Ended 30th June 2025):

  • Profit for the Period: ₹32,684.73
  • Total Comprehensive Income: ₹31,298.41
  • Basic EPS: ₹21.06
  • Diluted EPS: ₹21.06

Previous Quarter (31st March 2026):

  • Profit for the Period: ₹5,746.63
  • Total Comprehensive Income: ₹6,163.38
  • Basic EPS: ₹3.70
  • Diluted EPS: ₹3.70

Contract Award

The Board approved awarding a contract worth ₹239.25 Crores to M/s. Bondada Engineering Limited, Hyderabad, for design, engineering, supply & procurement, civil & structural works, erection including testing, commissioning including O&M of ten years of Battery Energy Storage System (BESS) rated capacity of 20MW/120MWh at the 132kV GIPCL substation in Vadodara. This award is subject to GUVNL consent.

Contract Details

  • EPC Contract Value: ₹219.87 Crores (inclusive of GST @18%)
  • O&M Contract Value: ₹19.37 Crores (inclusive of GST @18%) for 10 years
  • Time Period: 18 months from issuance of Letter of Intent (LoI)
  • Domestic entity award
  • Not a related party transaction
  • Promoter/promoter companies have no group interest in Bondada Engineering Limited

Annual General Meeting and Reports

The Board approved:

  • Notice convening the 41st Annual General Meeting along with Explanatory Statement
  • Board's Report to the Members for FY 2025-26 together with Management Discussion & Analysis Report (MDA), Corporate Governance Report (CGR), and Business Responsibility and Sustainability Report (BRSR)

Committee Reconstitution

The Board reconstituted various committees with the following compositions:

Audit Committee:

  • Shri Prabhat Singh (Non-Executive Independent Director) - Chairperson
  • Shri N N Misra (Non-Executive Independent Director) - Member
  • Dr. Mamata Biswal (Non-Executive Independent Director) - Member
  • Smt. Suchita Gupta (Non-Executive Independent Director) - Member
  • Smt. Vatsala Vasudeva, IAS (Executive Director-Managing Director) - Member

Nomination & Remuneration Committee:

  • Shri Narendra Nath Misra (Non-Executive Independent Director) - Member
  • Dr. Ravindrarai Harshadrai Dholakia (Non-Executive Independent Director) - Member
  • Shri Prabhat Singh (Non-Executive Independent Director) - Member
  • Shri Susanta Kumar Roy (Non-Executive Independent Director) - Member

Risk Management Committee:

  • Shri Susanta Kumar Roy (Non-Executive Independent Director) - Chairperson
  • Shri Narendra Nath Misra (Non-Executive Independent Director) - Member
  • Prof. Vishal Gupta (Non-Executive Independent Director) - Member
  • Smt. Vatsala Vasudeva, IAS (Executive Director-Managing Director) - Member

Auditor Review

The Standalone Unaudited Financial Results for Q1 FY27 were subject to limited review by the Statutory Auditors, M/s. K C Mehta & Co. LLP, Vadodara, who issued an unmodified review report dated 11th August 2026. The review was conducted in accordance with Standard on Review Engagements (SRE) 2410 issued by ICAI.

Additional Information

  • The company has only one reportable business segment: "Power Generation"
  • The company has no subsidiary/associate/joint venture companies as of 30th June 2026
  • Figures of previous periods have been re-grouped/re-arranged wherever necessary
  • The company has designated investors@gipcl.com for investor grievance redressal
  • The financial results are being posted on the company's website