Meeting Details
- Type of Meeting: Postal Ballot through remote e-voting only (no physical meeting)
- Cut-off Date: Friday, May 29, 2026
- Voting Period: Monday, June 08, 2026 at 9:00 a.m. (IST) to Tuesday, July 07, 2026 at 5:00 p.m. (IST)
- Results Declaration: On or before Thursday, July 09, 2026
Proposed Resolutions and Implications
Item No. 1: Special Resolution - Re-appointment of Mr. Ravi Jain as Whole-Time Director & CFO
- Mr. Ravi Jain (DIN: 09184688) to be re-appointed for 1 year from July 4, 2026 to July 3, 2027
- Current tenure completes on July 3, 2026
- Qualifications: Chartered Accountant & Company Secretary
- Experience: Over a decade in CFO roles, with GOCL since 2014
- Remuneration: Maximum ₹233.28 lakhs per annum (₹174.96 lakhs fixed + ₹58.32 lakhs variable)
- Additional benefits: Company car with driver, communication facilities, medical benefits, gratuity
- Age: 59 years, Nationality: Indian
- Current remuneration (2025-26): ₹216 lakhs
- Board meeting attendance: 15 out of 15 meetings in FY 2025-26
- No shareholding in the company
Item No. 2: Ordinary Resolution - Approval of Material Related Party Transactions
Proposed Transaction with Hinduja Energy (India) Limited (HEIL):
- Nature: Providing security and guarantee for loan to be availed by HEIL
- Amount: ₹300 crores
- Relationship: Entity under common control
Ratification of Past Transactions:
1. With HEIL: Security and guarantee for ₹220 crores loan (fully repaid)
2. With Hinduja National Power Corporation Limited (HNPCL): Security and guarantee for ₹1096.10 crores loan, subsequently refinanced by ₹450 crores loan, current outstanding ₹387.05 crores
- Rationale: Transactions entered in ordinary course of business at arm's length basis
- Company receives 1.50% p.a. commission on amount secured/guaranteed
- HEIL financials (FY 2024-25): Turnover ₹0, PAT (₹444.82 crores), Net Worth ₹770.33 crores
- HNPCL financials (FY 2024-25): Turnover ₹2436.94 crores, PAT ₹237.08 crores, Net Worth ₹7780.11 crores
- HNPCL credit rating: CARE A- (RWD)
Voting Process and Methods
- Voting Method: Remote e-voting only (no postal ballot or physical polling)
- E-voting Service Provider: KFin Technologies Limited
- Scrutinizer: Mr. A. Ravi Shankar (Membership No. FCS 5335) and alternately Mr. Venkatesh Puranik (Membership No. ACS 21297) of M/s Ravi & Subramanyam, Practicing Company Secretaries
- Shareholders can vote through:
- NSDL demat account holders: https://eservices.nsdl.com/ or https://www.evoting.nsdl.com/
- CDSL demat account holders: www.cdslindia.com
- Physical shareholders and non-individual shareholders: Through KFin Technologies platform
Key Voting Information
- Results will be declared at registered office: Plot No. 63-66, AIE Industrial Park, Pedagantyada, Gajuwaka, Visakhapatnam - 530044, Andhra Pradesh
- Results will be displayed at corporate office: URJA HEIGHTS, 2nd Floor, D. No.7-1-21/A/201, Sy No.341/1, Raj Bhavan Road, Begumpet, Hyderabad 500016
- Results will be uploaded on company website: www.goclcorp.com and KFin website: https://evoting.kfintech.com/
- Results will be intimated to stock exchanges (BSE: 506480, NSE: GOCLCORP)
Compliance with Applicable Laws
- The notice is issued pursuant to Sections 108 and 110 of Companies Act, 2013
- Compliance with Rule 20 and 22 of Companies (Management and Administration) Rules, 2014
- Compliance with Regulation 44 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
- Compliance with SEBI Master Circular dated January 30, 2026 and SEBI circular dated June 26, 2025 for related party transactions
Additional Information
- Company CIN: L24292AP1961PLC126081
- GST No.: 36AABCG8433B2ZW
- Registrar & Share Transfer Agent: KFin Technologies Limited
- Contact: Mr. Singireddy Shanker Reddy, einward.ris@kfintech.com, 1800-309-4001
- Explanatory statement includes detailed information as required under Section 102 of Companies Act, 2013
- Related parties will not vote on Item No. 2 resolutions
- All material documents available for inspection at registered office during working hours