GIPCL shareholders approve all resolutions at 40th AGM

Gujarat Industries Power Company Limited (GIPCL) announced that all eight resolutions presented at its 40th annual general meeting (AGM), held on Saturday, September 20, 2025, were passed with the requisite majority. The resolutions included the adoption of audited financial statements, declaration of dividends, appointment of directors, and ratification of remuneration for auditors.

Out of 155,215,944 total shares, 109,141,457 votes were polled for the first resolution, with 99.9998% in favor. Similarly, for the second resolution, 109,141,460 votes were polled, achieving 99.9998% approval. For the third resolution, concerning the appointment of Jai Prakash Shivahare, IAS, 70,756,560 votes were polled, with 85.9413% in favor. The fourth resolution, appointing Kanyo Sadhuram Badlani, saw 84,795,795 votes polled, with 99.8421% in favor.

The fifth resolution, to appoint auditors and fix their remuneration, received 109,140,957 votes with 94.0163% approval. Dr. Jayanti S. Ravi, IAS, was appointed as a director in the sixth resolution, with 99.3518% approval from 109,140,957 votes. The seventh resolution, appointing secretarial auditors, passed with 99.9993% approval from 109,140,957 votes. Finally, the eighth resolution, ratifying the remuneration payable to cost auditors, also passed with 99.9987% approval from 109,140,957 votes. The meeting was held via Video Conference/Other Audio Visual Means.