GIPCL: Addendum to AGM Notice; Director Re-appointment Dropped
Gujarat Industries Power Company Limited (GIPCL) has issued an addendum to its 41st AGM notice, scheduled for September 19, 2026. The resolution for re-appointment of Director Shri Kanyo Sadhuram Badlani has been dropped due to his nomination withdrawal.
The impact is considered low as it is a procedural update concerning a director's re-appointment at an AGM, which does not directly affect the company's operations or financial performance in a material way.
The announcement is a procedural update regarding an AGM notice and a director's re-appointment being dropped. It does not contain significant financial performance or strategic business updates that would warrant a positive or negative sentiment.
Gujarat Industries Power Company Limited (GIPCL) has issued an addendum to the notice of its 41st Annual General Meeting (AGM), which is scheduled to be held on Saturday, September 19, 2026, at 11:30 a.m. through Video Conference (VC) / Other Audio-Visual Means (OAVM).
This addendum is in continuation of the original notice dated August 11, 2026, and the Annual Report for the Financial Year 2025-26. The primary reason for the addendum is the withdrawal of nomination by M/s. Gujarat State Fertilizers & Chemicals Limited (GSFC) for Shri Kanyo Sadhuram Badlani (DIN: 10237996), who was a Nominee Director and retired by rotation. Consequently, Shri Kanyo Sadhuram Badlani ceased to be a Director on the Board of GIPCL effective August 31, 2026.
As a result of this change, the resolution proposed at Item No. 3 of the original AGM notice, seeking the re-appointment of Shri Kanyo Sadhuram Badlani, has been rendered infructuous and dropped. Therefore, only Resolution Nos. 1, 2, 4, and 5 will be presented for consideration and approval at the 41st AGM. The remote e-voting and e-voting facility during the AGM will remain available for these resolutions.
The addendum has been made available on the company's website (www.gipcl.com) and has been emailed to shareholders whose email IDs are registered with the company, the Registrar & Transfer Agent (RTA), or Depository Participants (DPs). This addendum forms an integral part of the original AGM notice, and all other terms and conditions remain unchanged.
A plain-language summary of a public exchange filing by Gujarat Industries Power Company Limited. Read the original for the full detail.