Proceedings of the 27th Annual General Meeting of the GSPL held on Tuesday, 23rd September, 2025.
Awaiting price reaction for this filing.
Gujarat State Petronet Ltd (GSPL) held its 27th AGM on 23 September 2025 at 3:00 PM via video conferencing, chaired by CMD Shri Pankaj Joshi (IAS). Shareholders approved 9 resolutions, including adoption of FY25 audited (standalone and consolidated) financial statements and a 50% dividend (Rs. 5 per share) on 56.42 crore equity shares of Rs. 10 face value, with the record date set as 10 September 2025. Re-appointments/appointments of three directors were approved: Ms. Arti Kanwar (IAS, retire by rotation), Shri Pankaj Joshi (IAS) and Shri M. K. Das (IAS) as Directors, and Shri Rishikesha T. Krishnan as Independent Director for 5 years from 21 September 2024. The Board was authorised to fix statutory auditor remuneration for FY26, cost auditor M/s R. K. Patel was ratified (Rs. 49,999 plus taxes), and M/s SPANJ & Associates was appointed as Secretarial Auditor for 5 years (FY26-FY30) at Rs. 1,50,000 per year including GST. The meeting concluded at 3:50 PM, with e-voting kept open for 15 minutes post-conclusion; the scrutinizer's report is awaited.
The Rs. 5 per share dividend implies a total payout of around Rs. 282 crore. The director changes are largely procedural for government-nominee IAS officers and unlikely to move the stock. No fresh strategic or business update was disclosed in the proceedings; investors should wait for the scrutinizer's e-voting results and any post-AGM management commentary for material signals.