Gujarat Industries Power Company Limited — Board Meeting, 11-02-2025: Outcome of Board Meeting

The Board of Directors of Gujarat Industries Power Company Ltd. has approved the standalone financial results for the third quarter and nine months of FY 2024-25. Total income for the quarter stands at ₹336.76 Crore, with a profit before tax of ₹53.36 Crore. Additionally, the board has proposed raising funds through the preferential issuance of up to 39,64,756 equity shares at an issue price of ₹227.00 per share, amounting to approximately ₹89.99 Crore. This issuance awaits shareholder approval.