Gujarat Industries Power Company Limited — Important, 05-11-2024: Updates

Gujarat Industries Power Company Ltd. has received an administrative warning from SEBI for violating Listing Regulations by failing to obtain prior shareholder approval for material related party transactions with Gujarat Urja Vikas Nigam Limited in the half year ended September 30, 2023. The company acknowledged the oversight, clarified that the vote of the interested party was inadvertently included, and confirmed corrective measures have been taken to prevent future occurrences. No financial impact is reported.