Gujarat Energy Limited Seeks Shareholder Nod for Key Leadership Appointments via Postal Ballot

GANDHINAGAR, July 2026: State-run utility giant Gujarat Energy Limited (NSE: GUJENERGY | BSE: 539336), formerly known as Gujarat Gas Limited, has officially issued a comprehensive Postal Ballot Notice to its members seeking critical regulatory approvals for multiple top-tier leadership positions. Filed under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the state undertaking is requesting voting approvals for several standard and special resolutions. Chief among these is the formal appointment of Shri Manoj Kumar Das, IAS as Director and Chairman, alongside the appointment and managerial remuneration framework of Smt. Avantika Singh Aulakh, IAS as the company's Managing Director.

The dispatch of the electronic notice was completed on July 3, 2026, targeting investors whose names appeared on the Register of Members as of the designated cut-off date of Friday, June 26, 2026. In compliance with standard circulars from the Ministry of Corporate Affairs (MCA) and SEBI, physical copies or ballot forms are not being distributed. Instead, the enterprise has onboarded Central Depository Services (India) Limited (CDSL) to administer the entire voting infrastructure through a secure, single-login Remote E-voting pipeline.

Key Resolutions Outlined for Member Voting

The current board restructuring encompasses eight specific corporate resolutions tabled for vote, overseen by appointed independent scrutinizers M/s K K Patel & Associates:

• Chairman Appointment (Item 1): Ratification of Shri Manoj Kumar Das, IAS (DIN: 06530792) as a Director and Chairman, subject to retirement by rotation.

• Managing Director Appointment & Pay (Item 2): Approval for Smt. Avantika Singh Aulakh, IAS (DIN: 07549438) as MD for a five-year tenure effective retrospectively from December 24, 2025, alongside her specialized remuneration structure effective May 1, 2026.

• Director Appointment (Item 3): Approval of Shri Ashwini Kumar, IAS (DIN: 06581753) as a Director liable to retire by rotation.

• Independent Directors' Second Terms (Items 4 & 5): Three-year extensions for Prof. Yogesh Singh (DIN: 06600055) and Shri Bhadresh Mehta (DIN: 02625115) starting August 15, 2026.

• Age-Threshold Continuations (Items 6, 7 & 8): Special resolutions to approve the ongoing directorships of Shri Balwant Singh, IAS (Retd.) and Dr. Rekha Jain past the regulatory age threshold of 75 years, aligned with SEBI Regulation 17(1A) guidelines.

Voting Window Details: The remote e-voting portal officially activated at 09:00 A.M. IST on Saturday, July 4, 2026, and is scheduled to close at 05:00 P.M. IST on Sunday, August 2, 2026. Resolutions securing the necessary investor majorities will be deemed officially passed on the August 2 closing date.

Investor Action and Next Steps

Shareholders holding shares in physical formats who have not yet linked their communication details are advised to submit signed requests alongside necessary documentation (such as self-attested copies of their PAN card and officially recognized valid address proof like a Passport, Driver's License, or other government-issued documents) directly to the company’s RTA, KFin Technologies Limited. Demat holders can update details smoothly through their direct Depository Participants.

Final voting metrics and the Scrutinizer’s official report will be declared and uploaded to both the BSE and NSE platforms within two working days following the close of the e-voting process.