Please find enclosed Annual Secretarial Compliance Report for the year ended 31.03.2026
Awaiting price reaction for this filing.
Gujarat State Petronet Ltd has submitted its Annual Secretarial Compliance Report for FY 2025-26, prepared by practicing company secretary Ashish C. Doshi of SP ANJ & Associates. The report confirms that the company largely complied with SEBI regulations including LODR, PIT, and Depositories regulations. One deviation was noted: the company failed to appoint an Independent Director for the quarter ended December 2025 within the required timeline, with only 6 days' notice given after Shri Tapan Ray's resignation. Both BSE and NSE levied fines of ₹53,100 each, which the company has requested to waive. The company stated that as a government entity, appointment powers vest with the Gujarat government's E&P department, making compliance at short notice practically impossible. Both exchanges had previously waived similar fines for delayed appointment of a Woman Independent Director in June 2024. The company has one material subsidiary: GSPL India Gasnet Limited.
The filing shows the company is broadly compliant with SEBI regulations. The board composition issue was due to government processes and resulted in fines that have been waived, which is a positive outcome for shareholders. This routine compliance filing does not indicate any fundamental concerns.