GIPCL Sets Record Date of September 12 for 40.9% Dividend

Vadodara, August 29, 2025: Gujarat Industries Power Company Limited (BSE: 517300, NSE: GIPCL) has fixed September 12, 2025, as the record date to determine the shareholders’ eligibility for its proposed dividend of 40.9% (₹4.09 per face value equity share of ₹10) for FY 2024-25. The payment will be decided by the shareholders at the company’s 40th Annual General Meeting (AGM).

Incorporated in 1985 with headquarters in Vadodara, GIPCL is a power generation firm that operates in lignite, gas, and renewable energy ventures. It is listed on NSE and BSE.

Proposed ₹4.09 Dividend for FY25 with Record Date on September 12, Subject to Shareholder Approval

The firm has proposed a dividend of ₹4.09 per share, which is 40.9% of the face value of ₹10 for the year 2024-25. The cut-off date for the identification of shareholding eligible shareholders has been set as September 12, 2025. The declaration of dividend recommendation would be placed before shareholders for approval during the 40th Annual General Meeting (AGM) on September 20, 2025, at 1:00 PM. The payment remains subject to approval by shareholders at the forthcoming AGM.

e-Voting Window Opens September 17 for Eligible Shareholders

The company has released the e-voting calendar for its upcoming 40th Annual General Meeting (AGM). Shareholders as of the record date, i.e., September 12, 2025, will be eligible to vote in e-voting mode. The e-voting window will open at 9:00 AM IST on September 17, 2025, and will remain open until 5:00 PM IST on September 19, 2025. The AGM will be held on 20th September 2025, where the e-voting results shall be announced after the conclusion of the meeting.

The AGM will be held at the company’s registered office located at Ranoli, Vadodara, through video conferencing and other audio-visual means. CS Shailja Pandya has been empowered as the Scrutinizer to carry on the e-voting process.

Consistent Dividend History Shows Strong Commitment to Shareholders

Over the past five years, GIPCL has steadily rewarded shareholders, with dividends rising from ₹2.50 per share (25%) in FY2022 to ₹3.95 per share (39.5%) in FY2024. The proposed 40.9% payout demonstrates the company’s ongoing dedication to returning value to investors.

• In FY2024, the dividend was ₹3.95 per share, or 39.5% of face value.
• In FY2023, shareholders received ₹3.75 per share (37.5%).
• In FY2022, the dividend paid was ₹2.50 per share (25.0%).
• In FY2021, the dividend paid was ₹2.70 per share (27.0%).
• In FY2020, the firm paid ₹2.90 per share, or 29.0%.

This proposed payout is the largest dividend share in a decade, demonstrating GIPCL’s commitment to rewarding its shareholders.

With the record date set and e-voting underway, GIPCL’s shareholders can expect one of the most substantial dividend payouts in recent years, reinforcing the company’s strong financial position and commitment to delivering consistent returns.

REF: https://nsearchives.nseindia.com/corporate/Gipcl7868_29082025122532_SE_40thAGMRecordDate_29082025cs.pdf

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