Gujarat Industries Power Company Ltd

Financial performance

• Revenue from Operations for FY2025-26: 1,49,112 Lakhs.
• Total Income: 1,58,623.11 Lakhs.
• EBITDA (PBIT + D&A): 52,217 Lakhs.
• Profit before Tax: 24,466.53 Lakhs.
• Net Profit: 40,240.72 Lakhs.
• EPS: 25.93; Net Worth: 384,023.53 Lakhs.
• Debt to Equity: 87.95%; CWIP: 206,572.14 Lakhs.
• Dividend: 4.10 per share; total payout 6,363.85 Lakhs.
• Cash flow: CFO 64,899.84 Lakhs; CFI (223,804.85); CFF 138,116.00 Lakhs.

Operations and capacity

• Installed capacity total: 1859.4 MW; Non-renewable 810 MW; Renewable 1049.4 MW.
• Total renewable capacity aggregated under Khavda RE Park: 600 MW solar, plus 75 MW Vastan solar.
• SLPP Phase I (2x125 MW): 1546.682 MU; PLF 70.62%; Availability 85.96%.
• SLPP Phase II (2x125 MW): 1638.914 MU; PLF 74.84%; Availability 87.19%.
• 4 MW Wind capacity; Wind generation 189.62 MU at CUF 19.62%.
• New 600 MW Khavda RE Park solar achieved COD; 25-year PPA with GUVNL.

Strategic capital deployment

• CWIP increased to 206,572.14 Lakhs; significant capex for Khavda RE Park and Vastan projects.
• Gross Block expanded due to Khavda and Vastan solar scale-up; depreciation aligned with asset lives.
• Total equity at 31 Mar 2026: 15,521.60 Lakhs; reserves and surplus supported growth.

Dividends and AGM

• Final dividend of 4.10 per share proposed; record date 11 Sep 2026.
• 41st AGM scheduled 19 Sep 2026; through VC/OAVM.
• Remote e-voting window: 16-18 Sep 2026; e-voting via CDSL platform.

Governance and risk management

• Board comprises 13 Directors; 8 Independent, 5 Non-Independent; MD is executive.
• Independent Directors Susanta Kumar Roy and Suchita Gupta appointed; Sanjay S. Bhatt appointed as Director (Feb 2026).
• Jenu Devan and Jayanti S. Ravi joined as directors in 2026; multiple governance changes during year.
• Risk Management Committee reconstituted; Susanta Kumar Roy appointed as Chairman.
• Audit Committee, SRC, NR, CSR and Risk committees in place; six Board meetings held in 2025-26.

CSR and sustainability

• CSR outlay: 526.01 Lakhs; average net profit baseline CSR obligation: 525.94 Lakhs.
• CSR focus: Health, Education, Women Empowerment, Village Infrastructure; Annexures A and A-II.
• CSR expenditure covered via SVADES, DEEP, Life Line Foundation, Gujarat CSR Authority, etc.
• CSR policy, governance and impact reporting available on Gipcl website.

Audit, compliance and ESG disclosures

• Statutory Auditors: M/s K C Mehta & Co. LLP; Internal Auditors: Parikh Mehta & Associates.
• Secretarial Auditor: TNT & Associates; no qualifications reported.
• CARE Ratings: AA-; A1+; long/short-term facilities; outlook Stable.
• CEO/CFO certificate and Corporate Governance compliance disclosures attached.

Financial results

• Standalone unaudited Q1 FY2026-27 results approved; period ended 30 June 2026.

AGM and reports

• Notice for the 41st AGM issued with Explanatory Statement.
• Board's Report for FY2025-26 including MD&A, CGR, and BRSR formed part of Board's Report.

Major contract

• Award of Rs 239.25 Cr contract to Bondada Engineering for BESS EPC; subject to GUVNL consent.
• EPC value Rs 219.87 Cr; O&M Rs 19.37 Cr for 10 years.

Governance changes

• Reconstitution of various committees as per Annexure B.

Auditor and disclosures

• Limited Review Report dated 11 August 2026 by M/s K C Mehta & Co LLP.

Meeting Details

• Date: July 10, 2026; Q4 & FY26 earnings call.
• Mode: Virtual conference call.
• Organizer: Anurag Services LLP on behalf of GIPCL.
• Event: Q4 & FY26 Earnings Conference Call.
• Transcript available on the company website.

Participants

• Executive Director – Finance and CFO (GIPCL) presented.
• Company Secretary & Compliance Officer participated.
• Other senior management participated.

Purpose

• Post-audit discussion of Q4 and FY26 results with investors.

Additional Notes

• Conference call was recorded.

Meeting Details

• Date: 10 July 2026; conference call with analysts and investors.
• Mode: virtual audio conference.
• Event: post-results conference call after Q4 FY2025-26.
• Recording: audio recording available on company website.

Participants

• Key company participants: not named in filing.

Purpose

• Purpose: discuss audited Q4 FY2025-26 results.

Additional Notes

• Transcript/presentation availability not specified.

Meeting Details

• Date and time: Friday, 10 July 2026, 03:30 p.m. IST.
• Type and mode: Virtual conference call with analysts/investors.
• Organizer: Gujarat Industries Power Company Limited.
• Purpose: Discuss Q4 and FY2025-26 financial performance.
• Key company participants: ED (Finance) & CFO; Company Secretary & Compliance Officer; other senior officials.
• Registration: Diamond Pass link provided for access.

Dematerialisation processing and certificate handling

• Securities received for dematerialisation during the quarter were confirmed to depositories.
• The dematerialised securities are listed on the stock exchanges where existing securities trade.
• Physical certificates received for dematerialisation were mutilated and cancelled after verification.
• Depository name substituted as registered owner in the records within prescribed timelines.