Gujarat Industries Power Company Limited — Important, 21-02-2025: General Updates

A corrigendum has been issued regarding the Postal Ballot and remote e-voting for Gujarat Industries Power Company Limited. Key updates include modifications to the Explanatory Statement concerning the Relevant Date for e-voting, which is now set as 12th February 2025. The floor price for the proposed preferential issue has been established at Rs. 225.54 per equity share, based on pricing formulas under the ICDR Regulations.

Additionally, the shareholding pattern has been revised, showing a slight increase in promoter shareholding from 55.43% to 56.57% post-issue, while public shareholding decreases from 44.57% to 43.43%. Shareholders who have voted prior to this corrigendum can modify their votes until 5:00 PM on 14th March 2025. This corrigendum is now an integral part of the initially circulated Postal Ballot Notice. Investors should stay attentive to these updates as they may impact shareholding dynamics and investor sentiment.