Gujarat Industries Power Company Limited — Others, 15-03-2025: Shareholders meeting

Gujarat Industries Power Company has announced a board meeting to discuss the results of a recent postal ballot. The company successfully conducted remote e-voting for two resolutions, both of which were passed with substantial majorities. The first resolution involved approving material transactions with related parties for the financial year 2025-26, receiving 99.97% support. The second resolution authorized the issuance of up to 39,64,756 equity shares to promoter category individuals via a preferential issue, which garnered 99.99% approval. This strong backing suggests a positive outlook for investor sentiment, as it reflects confidence in the company’s strategic direction.