Gujarat Gas Limited has informed the Exchange regarding Appointment of M/s K K Patel & Associates as Secretarial Auditor of the company w.e.f. April 01, 2025.
GUJGASLTD · price
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On the reaction day the stock moved 3.7 pts more than Nifty Microcap 250 and 3.9 pts more than its LPG/CNG/PNG/LNG Supplier peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Gujarat Gas reported Q1 FY26 (quarter ended 30 June 2025) standalone revenue from operations of Rs 4,065.41 crore, down about 11.9% from Rs 4,614.83 crore in the same quarter last year. Net profit after tax was Rs 326.77 crore versus Rs 329.78 crore a year ago, a marginal dip of under 1%. EPS stood at Rs 4.75 versus Rs 4.79 earlier. The statutory auditor (Ashok Chhajed & Associates) issued an unmodified review report with no qualifications. The Board also approved the appointment of M/s K K Patel & Associates as Secretarial Auditor for 5 years (1 April 2025 to 31 March 2030) and M/s Kailash Sankhlecha & Associates as Cost Auditor for FY 2025-26. Additionally, the Board approved entering the propane/LPG sourcing and sale business for industrial customers as part of its 'total energy solution' strategy. The ongoing composite amalgamation scheme with GSPC group entities remains pending MCA approval.
Revenue decline of nearly 12% YoY is a mild negative, but steady PAT and a clean audit report limit concerns. The entry into propane/LPG is a modest diversification positive; the pending group restructuring remains a key overhang to watch.