Gujarat State Petronet Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on September 23, 2025
Awaiting price reaction for this filing.
Gujarat State Petronet Limited held its 27th AGM on September 23, 2025 via video conferencing, chaired by CMD Shri Pankaj Joshi, IAS. Shareholders adopted the audited standalone and consolidated financial statements for FY ended March 31, 2025, and approved a dividend of Rs. 5 per share (50%) on 56.42 crore equity shares for FY 2024-25, with the record date set as September 10, 2025. The meeting confirmed the appointments of Ms. Arti Kanwar (re-appointed via rotation), Shri M. K. Das, IAS as Director, Shri Rishikesha T. Krishnan as Independent Director for five years from September 21, 2024, and ratified the cost auditor's fee of Rs. 49,999 plus taxes for FY 2025-26. M/s SPANJ & Associates were appointed as secretarial auditors for five years (FY26 to FY30) at Rs. 1.5 lakh per year including GST. The meeting concluded at 3:50 PM with e-voting kept open for another 15 minutes.
The Rs. 5 per share dividend is a positive signal for income-focused shareholders, representing a steady payout, while the board and auditor appointments are largely routine governance actions with no material change to business direction.