GIPCL outcome of Board Meeting_UFR of Q1 of FY 2026-27 period ended on 30/06/2026

'\> ........0 GUJARAT INDUSTRIES POWER COMPANY LTD. Regd. Office: P.O. Ranali - 391350, Dist. Vadadara, Gujarat -INDIA (IN: L99999GJ1985PlC00786 SEe: UFR: QIJY2026-27:2026 11th August, 2025 The General Manager The General Manager Corporate Relations Department Listing Department BSE Ltd. National Stock Exchange of India Ltd. 1st Floor, New Trading Ring "Exchange Plaza", C-I, Block 'G', Sir Phiroze Jeejeebhoy Towers, Dalal Street, Bandra-Kurla Complex, Bandra (East) Mumbai: 400 001. Mumbai: 400 051. Scrip Code: 517300 Scrip Symbol: GIPCL. REF.: REGULATIONS 30 & 33 OF THE SEBI (LISTING OBLIGATIONS AND DISCLOSURE REQUIREMENTS) REGULATIONS, 2015 (LODR). SUB.: OUTCOME OF 342NO MEETING OF THE BOARD OF DIRECTORS. Dear Sir / Madam, This is to inform you that the Board of Directors of the Company, has at its 342"d Meeting held today i.e. on 11th August, 2026, inter alia, approved the following: 1. On recommendation of Audit Committee, Standalone Unaudited Financial Results (UFR) for the First Quarter (Ql) of F.Y. 2026-27 ended on 30'h June, 2026; 2. Notice convening 41st Annual General Meeting, along with Explanatory Statement; 3. Board's Report to the Members of the Company, for the F.Y. 2025-26 together with Management Discussion & Analysis Report (MDA), Corporate Governance Report (CGR) and Business Responsibility and Sustainability Report (BRSR), forming part of the Board's Report; 4. Awarding of Contract worth Rs. 239.25 Crores to M/s. Bondada Engineering Limited, Hyderabad, for design, engineering, supply & procurement, civil & structural works, erection including testing, commissioning including O&M of ten years (10) of Battery Energy Storage System (BESS) rated capacity of 20mw/120mwh at the point of injection (132kv GIPCL substation) of GIPCL, Vadodara, subject to GUVNL consent; and 5. Reconstitution of various committees as per details enclosed at Annexure B. Pursuant to the Regulation 33 and 30, we are enclosing the following: (i) Standalone UFR for the First Quarter (Ql) of FY 2026-27 ended on 30'h June, 2026; (ii) Limited Review Report dated 11'h August, 2026 issued by the Statutory Auditors of the Company M/s. K C Mehta & Co. LLP, Vadodara thereon; and (iii) Brief details as prescribed under SEBI Listing Regulations read with SEBI circular SEBI/HO/CFD/CFD-PoD2/CIR/P/0155 dated November 11, 2024, as Annexure A. The aforesaid Standalone Unaudited Financial Results are being also posted on the Company's website. The Board Meeting was commenced at 03:30 p.m. and concluded at 06:00 p.m. Kindly take the above on records. Yours faithfully, For Gujarat Industries Limited Enc!.: as above Regd. Office & Vadodara Plant: " Surat lignite Power Plant: p.o. Ranali -391350. Dist. Vadodara, Gujarat -INDIA IS0IlOO1,1., Village: Nani Naroli, Tal. Mangrol, Dist: Surat 394110 Gujarat, INDIA 18OG1.5OID1 Phone: EPABX (0265) 2232768 Fax: 2230029 COM''''' Phone: EPABX (02629) 261063 to 261072 Fax: 261080 Email: cs@gipcl.com Email: genslpp@gipcl.com Website: www.gipcl.com "".S .f"' ~ ?"' 0 .... GUJARAT INDUSTRIES POWER COMPANY LIMITED Regd. Office: P.O. Ranoli -391 350, Dist. Vadodara (Gujarat) Tel. No. (0265) 2232768, Fax No. (0265} 223002~, Email ID: lnvestors@gipcl.com Website: www.gipcl.com, CIN - L99999GJ1985PLC007868 STATEMENT OF UNAUDITED FINANCIAL RESULTS FOR THE QUARTER ENDED ON 30TH JUNE 2026 Rs. in Lakhs Sr. Particulars Quarter Preceding Corresponding Previous No. ended Quarter ended Quarter ended year ended 30.06.2026 31.03.2026 30.06.2025 31.03.2026 Unaudited See Note No. 2 Unaudited Audited Income from Operations Revenue from Operation 49,927.77 42,826.13 37,152.31 1,49,112.30 II Other Income 11,203.18 4,232.07 1,929.09 9,510.81 Ill Total Income {1+11) 61,130.95 47,058.20 39,081.40 1,58,623.11 IV Expenses Cost of material consumed 16,382.41 12,497.51 18,289.26 59,606.57 Generation Expenses 4,775.27. 4,119.35 3,647.74 17,109.29 Employee benefits expenses 3,543.63 5,293.05 2,883.49 13,963.57 Finance costs 5,108.51 4,947.50 690.47 11,070.54 Depreciation and amortization 9,139.70 8,997.06 4,573.76 27,749.55 Other Expenses 1,063.07 1,417.34 1,064.23 4,657.06 Total Expenses 40,012.59 37,271.81 31,148.95 1,34,156.58 V Profit before tax {Ill-IV) 21,118.36 9,786.39 7,932.45 24,466.53 VI Tax Expenses Current Tax 4,876.36 847.13 1,525.95 3,413.04 Deferred Tax a) Origination and reversal 452.30 2,285.36 659.87 6,843.60 Profit before impact of deferred tax upon 15,789.70 6,653.90 5,746.63 14,209.89 transition to new tax regime b) Impact of transition to new tax regime (26,030.83) (26,030.83) Vil Profit for the period/year (V-VI) 15,789.70. 32,684.73 5,746.63 40,240.72 VIII Other Comprehensive Income Remeasurement of Defined Benefit Obligations (178.81) (719.70} (99.98) (715.26) Equity instruments through OCI 609.58 (99.95) 569.12 (924.88) (i) Items that will not be reclassified to profit or 430.77 (819.65) 469.14 (1,640.14) loss (ii) Income Tax relating to items that will not be (38.04) (566.67) (52.39) (609.04) reclassified to profit or loss Total Other Comprehensive Income (net of tax) 392.73 (1,386.32) 416.75 (2,249.18) (i) +(ii) IX Total Comprehensive Income for the Period 16,182.43 31,298.41 6,163.38 37,991.54 (Vll+Vlll) (Comprising Profit and Other Comprehensive Income for the period/year) X Equity a) Equity Share Capital {Face Value of Rs.10/-each) 1s,si1.60 b) Other Equity 3,68,501.93 XI Earnings per equity share of Rs. 10/-each: (not annualised) a) Basic (Rs.) 10.17 21.06 3.70 25.93 b) Diluted (Rs.) 10.17 21.06 3.70 25.93 Notes to the Financial Results: 1. The above Unaudited Financial Results have been reviewed and recommended by the Audit Committee in its meeting held on 10'h August 2026 and subsequently approved by the Board of Directors in its meeting held on 11'h August 2026. 2. Figures of the quarter ended 31" March 2026 is the balancing figures between audited figures in respect of full financial year ended 31" March 2026 and the published year to date figures up to the third quarter ended 31" December 2025 which were subject to limited review by Statutory Auditors. 3. Limited Review of the Unaudited Financial Results for the quarter ended on 30th June 2026 has been carried out by the Statutory Auditors. 4. The Company has only one reportable business segment namely "Power Generation". 5. The Company has no subSidiary/associate/joint venture company(ies). as on 30'h June 2026. 6. Figures of the previous period/year have been re-grouped Ire-arranged wherever necessary. 7. The Company has designated an exclusive e-mail 10 viz. investors@gipcl.com for investor grievance redressal. For Gujarat Industries Power Company limited [Vatsala Vasudeva] Managing Director Place: Gandhinagar ~ .,.," 2026 K C Mehta CiT Chartered Accou nt an ts Independent Auditor's Review Report on the Interim Unaudited Financial Results of the Company pursuant to the Regulation 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended. The Board of Directors Gujarat Industries Power Company Limited 1. We have reviewed the accompanying Statement of Unaudited Financial Results of Gujarat Industries Power Company Limited ("the Company"), for the quarter ended June 30, 2026 ("the Statement"), being submitted by the Company pursuant to the requirement of Regulation 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (the "Listing Regulations"). 2. The Company's management is responsible for the preparation of the Statement in accordance with the recognition and measurement principles laid down in Indian Accounting Standard ("Ind AS") 34 "Interim Financial Reporting" prescribed under section 133 of the Companies Act, 2013 as amended, read with relevant rules issued thereunder and other accounting principles generally accepted in India and in compliance with Regulation 33 of the Listing Regulations. The Statement has been approved by the Comp [Showing first 8,000 characters — download PDF for full document]