Gujarat State Petronet (Delisted) logo

Gujarat State Petronet (Delisted) MD, chairman, board of directors and AGM

BSE: 532702Gas

Last traded ₹268.35 on 11 May 2026

Delisted on 12 Oct 2026.

Gujarat State Petronet board of directors

At the end of the quarter to Mar 2026, as the company filed it; changes since are in its announcements.Their trades in its shares

  • ChairpersonMANOJ KUMAR DASRelated to the promoter
  • Company Secretary and Compliance OfficerRajeshwari Sharma

6 directors3 independent2 executive1 non-executive

  • MANOJ KUMAR DAS · ChairpersonNominee, executive · joined Aug 2025 · 4 listed boards · 2 committee seats, 2 as chair
  • SANDEEP KUMARNominee, non-executive · joined Jan 2026 · 2 listed boards · 2 committee seats
  • VANAJA N SARNAIndependent · joined Jun 2024 · reappointed Jun 2024 · 21 months as independent · 3 listed boards · 3 as independent · 5 committee seats, 2 as chair
  • RISHIKESHA THIRUVENKATA KRISHNANIndependent · joined Sep 2024 · reappointed Sep 2024 · 18 months as independent · 2 listed boards · 2 as independent · 3 committee seats, 1 as chair
  • JAYANT MISRAIndependent · joined Oct 2025 · reappointed Oct 2025 · 5 months as independent · 1 listed board · 1 as independent · 2 committee seats, 1 as chair
  • AVANTIKA SINGH AULAKHNominee, executive · joined Dec 2025 · 4 listed boards · 5 committee seats

An independent director has no business or family tie to the company, its promoters or its managers beyond the seat. Listed boards counts the boards of listed companies the director sits on, this one included, and "as independent" how many of those seats are independent ones. Committee seats are audit and stakeholder committee seats across those companies. Months as independent is filed for independent directors only, whose terms the rules cap. Disqualified is the company's own mark that a director may not serve under company law.

8 directors who left
  • Arti Kanwar, left 29 Dec 2025: Others
  • Milind Shivaram Torawane, left 24 Dec 2025: Others
  • Pankaj Joshi, left 31 Oct 2025: Others
  • Sudhir Kumar Jain, left 22 Oct 2025: Tenure Completion
  • Bhadresh Vinaychandra Mehta, left 22 Oct 2025: Tenure Completion
  • Tapan Ray, left 15 Oct 2025: Others
  • Manmohan Srivastava, left 12 Aug 2025: Others
  • Raj Kumar, left 31 Jan 2025: Others

Committees and meetings

Who sits on each, and how often they met.Board meeting notices and outcomes

  • Board

    • 11 Mar 20266 of 6 present3 independent · 47 days in between
    • 22 Jan 20265 of 5 present3 independent · 71 days in between
    • 11 Nov 20256 of 6 present3 independent

  • Audit Committee

    Chair VANAJA N SARNA

    RISHIKESHA THIRUVENKATA KRISHNAN, JAYANT MISRA, AVANTIKA SINGH AULAKH

    • 10 Mar 20264 of 4 present3 independent · 46 days in between
    • 22 Jan 20264 of 4 present3 independent · 71 days in between
    • 11 Nov 20253 of 3 present2 independent

  • Nomination and remuneration committee

    Chair VANAJA N SARNA

    JAYANT MISRA, RISHIKESHA THIRUVENKATA KRISHNAN

    • 22 Jan 20263 of 3 present3 independent

  • Stakeholders Relationship Committee

    Chair JAYANT MISRA

    VANAJA N SARNA, AVANTIKA SINGH AULAKH

    No meeting listed in the filing.

  • Risk Management Committee

    Chair VANAJA N SARNA

    JAYANT MISRA, AVANTIKA SINGH AULAKH, LOKESH AGARWAL

    • 22 Jan 20263 of 3 present2 independent · 71 days in between
    • 11 Nov 20253 of 3 present1 independent

  • Corporate Social Responsibility Committee

    Chair MANOJ KUMAR DAS

    VANAJA N SARNA, AVANTIKA SINGH AULAKH

    • 22 Jan 20263 of 3 present1 independent · 71 days in between
    • 11 Nov 20253 of 3 present1 independent

Meetings in the quarter filed and the one before it. The days in between are as the company files them, neither meeting's day counted; the rules allow at most 120. A quorum is the least number of members who must attend for the meeting to decide anything.

Statutory auditor

Named in the results for the quarter to Mar 2025.

  • B P Bang & CoPeer-review certificate valid to Dec 2025

A statutory auditor checks the company's accounts and signs its results. Peer review is the accountants' institute's check of an audit firm's own work, which a listed company's auditor must hold a valid certificate of.

Gujarat State Petronet AGM and shareholder votes

Each resolution, how the votes went, and how institutions voted apart from the promoters. A postal ballot is a vote by post or online, held without a meeting.Gujarat State Petronet dividend history

Meeting called by the tribunal, 17 Oct 2025

1,98,053 shareholders on the register on 10 Oct 2025; present: 1 promoter and 178 others; votes counted by Kiran Kumar Patel / M/s K. K. Patel & Associates.The company's voting result (opens in a new tab)

  1. To consider and approve the Composite Scheme of Amalgamation and Arrangement amongst Gujarat State Petroleum Corporation Limited (“Transferor Company 1” or “GSPC”) and Gujarat State Petronet Limited (“Transferor Company 2” or “GSPL” or "Company" ) and GSPC Energy Limited (“Transferor Company 3” or “GEL”) and Gujarat Gas Limited (“Transferee Company” and “Demerged Company” or “GGL”) and GSPL Transmission Limited (“Resulting Company or “GTL”) and their respective shareholders under sections 230 to 232 and other applicable provisions of the Companies Act, 2013 and rules made thereunder, by the requisite statutory majority.MoreLess
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.01%

    Turnout: all 87.49% · promoters 100.00% · institutions 92.39% · other public 35.28%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 23 Sep 2025, 9 resolutions

2,00,052 shareholders on the register on 10 Sep 2025; present: 1 promoter and 122 others; votes counted by Kiran Kumar Patel / M/s K. K. Patel & Associates.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt the Audited Financial Statements (Standalone & Consolidated) of the Company for the Financial Year ended 31st March, 2025 and the Reports of the Board of Directors and Auditors thereon.MoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 86.72% · promoters 100.00% · institutions 90.87% · other public 56.61%

  2. To declare Dividend on Equity Shares.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 86.96% · promoters 100.00% · institutions 91.47% · other public 56.61%

  3. To appoint a Director in place of Ms. Arti Kanwar, IAS [DIN: 03535973] who retires by rotation and being eligible offers herself for re-appointment
    Ordinary
    97.91% for2.09% against

    Against: promoters 0.00% · institutions 4.94% · other public 0.00%

    Turnout: all 86.96% · promoters 100.00% · institutions 91.47% · other public 56.61%

  4. To authorize Board of Directors to fix remuneration of Statutory Auditors of the Company for the Financial Year 2025 – 26 in terms of the provisions of Section 142 of the Companies Act, 2013
    Ordinary
    96.75% for3.25% against

    Against: promoters 0.00% · institutions 7.68% · other public 0.00%

    Turnout: all 86.96% · promoters 100.00% · institutions 91.47% · other public 56.61%

  5. To approve appointment of Shri Pankaj Joshi, IAS (DIN: 01532892 ) as Director of the Company.
    Ordinary
    95.07% for4.93% against

    Against: promoters 0.00% · institutions 11.66% · other public 0.01%

    Turnout: all 86.96% · promoters 100.00% · institutions 91.47% · other public 56.61%

  6. To approve appointment of Shri M. K. Das, IAS [DIN: 06530792] as Director of the Company
    Ordinary
    99.17% for0.83% against

    Against: promoters 0.00% · institutions 1.97% · other public 0.00%

    Turnout: all 86.96% · promoters 100.00% · institutions 91.47% · other public 56.61%

  7. To approve appointment of Shri Rishikesha T. Krishnan, [DIN:00064067] as Independent Director of the Company
    Special
    98.68% for1.32% against

    Against: promoters 0.00% · institutions 3.12% · other public 0.00%

    Turnout: all 86.96% · promoters 100.00% · institutions 91.47% · other public 56.61%

  8. To ratify the remuneration payable to M/s R. K. Patel, as Cost Auditors of the Company for the Financial Year ending 31st March, 2026
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 86.96% · promoters 100.00% · institutions 91.47% · other public 56.61%

  9. To appoint M/s. SPANJ & Associates, Practising Company Secretaries (Firm Registration Number: P2014GJ034800) as the Secretarial Auditors of the Company for a term of 5 consecutive years, including the remunerationMoreLess
    Ordinary
    99.23% for0.77% against

    Against: promoters 0.00% · institutions 1.81% · other public 0.00%

    Turnout: all 86.96% · promoters 100.00% · institutions 91.47% · other public 56.61%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 19 Sep 2024, 6 resolutions

Present: 1 promoter and 68 others.The company's voting result (opens in a new tab)

  1. Receiving, considering and adopting the Audited Financial Statements (Standalone & Consolidated) of the Company for the Financial Year ended 31st March, 2024 and the Reports of the Board of Directors and Auditors thereonMoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 86.65% · promoters 100.00% · institutions 90.86% · other public 56.29%

  2. Declaration of Dividend on Equity Shares
    Ordinary
    98.89% for1.11% against

    Against: promoters 0.00% · institutions 2.62% · other public 0.00%

    Turnout: all 87.01% · promoters 100.00% · institutions 91.73% · other public 56.29%

  3. Re-Appointment of of Shri Raj Kumar, IAS [DIN:00294527] who retires by rotation and being eligible offers himself for re-appointment
    Ordinary
    93.49% for6.51% against

    Against: promoters 0.00% · institutions 15.32% · other public 0.01%

    Turnout: all 87.01% · promoters 100.00% · institutions 91.73% · other public 56.29%

  4. Authorizing Board of Directors to fix remuneration of Statutory Auditors of the Company for the Financial Year 2024 – 25 in terms of the provisions of Section 142 of the Companies Act, 2013
    Ordinary
    99.28% for0.72% against

    Against: promoters 0.00% · institutions 1.70% · other public 0.00%

    Turnout: all 87.01% · promoters 100.00% · institutions 91.73% · other public 56.29%

  5. Approving appointment of Ms. Vanaja N Sarna, IRS (Retd.) [DIN: 10419005] as Woman Independent Director of the Company
    Special
    98.54% for1.46% against

    Against: promoters 0.00% · institutions 3.44% · other public 0.00%

    Turnout: all 87.01% · promoters 100.00% · institutions 91.73% · other public 56.29%

  6. nRatification of the remuneration payable to M/s R K Patel & Co., as Cost Auditors of the Company for the Financial Year ending 31st March, 2025
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 87.01% · promoters 100.00% · institutions 91.73% · other public 56.29%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 14 Sep 2023, 8 resolutions

Present: 1 promoter and 58 others.The company's voting result (opens in a new tab)

  1. Receiving, considering and adopting the Audited Financial Statements (Standalone & Consolidated) of the Company for the Financial Year ended 31st March, 2023 and the Reports of the Board of Directors and Auditors thereonMoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 87.30% · promoters 100.00% · institutions 90.31% · other public 58.84%

  2. Declaration of Dividend on Equity Shares
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 87.69% · promoters 100.00% · institutions 91.26% · other public 58.84%

  3. Re-appointment of Shri M M Srivastava, IAS (Retd.) [DIN: 02190050], who retires by rotation and being eligible offers himself for re-appointment
    Ordinary
    90.67% for9.33% against

    Against: promoters 0.00% · institutions 21.77% · other public 0.00%

    Turnout: all 87.67% · promoters 100.00% · institutions 91.21% · other public 58.84%

  4. Authorizing Board of Directors to fix the remuneration of Statutory Auditors of the Company for the Financial Year 2023 – 24 in terms of the provisions of Section 142 of the Companies Act, 2013
    Ordinary
    99.52% for0.48% against

    Against: promoters 0.00% · institutions 1.11% · other public 0.00%

    Turnout: all 87.67% · promoters 100.00% · institutions 91.21% · other public 58.84%

  5. Approving appointment of Shri Milind Torawane, IAS [DIN: 03632394] as Director of the Company
    Ordinary
    72.37% for27.63% against

    Against: promoters 0.00% · institutions 64.43% · other public 0.01%

    Turnout: all 87.67% · promoters 100.00% · institutions 91.21% · other public 58.84%

  6. Approving appointment of Smt. Mamta Verma, IAS [DIN: 01854315] as Director of the Company
    Ordinary
    92.18% for7.82% against

    Against: promoters 0.00% · institutions 18.23% · other public 0.01%

    Turnout: all 87.67% · promoters 100.00% · institutions 91.21% · other public 58.84%

  7. Approving appointment of Ms. Arti Kanwar, IAS [DIN: 03535973] as Director of the Company
    Ordinary
    92.19% for7.81% against

    Against: promoters 0.00% · institutions 18.22% · other public 0.00%

    Turnout: all 87.67% · promoters 100.00% · institutions 91.21% · other public 58.84%

  8. Ratify remuneration payable to M/s Kailash Sankhlecha & Associates, Cost Auditors of the Company for the Financial Year ending 31st March, 2024
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 87.67% · promoters 100.00% · institutions 91.21% · other public 58.84%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 22 Sep 2022, 6 resolutions

Present: 1 promoter and 49 others.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt the Audited Financial Statements (Standalone & Consolidated) of the Company for the Financial Year ended 31st March, 2022 and the Reports of the Board of Directors and Auditors thereon.MoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 85.91% · promoters 100.00% · institutions 91.52% · other public 55.22%

  2. To declare Dividend on Equity Shares
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 86.16% · promoters 100.00% · institutions 92.15% · other public 55.28%

  3. To appoint a Director in place of Shri Sanjeev Kumar, IAS [DIN: 03600655] who retires by rotation and being eligible offers himself for re- appointment
    Ordinary
    75.97% for24.03% against

    Against: promoters 0.00% · institutions 58.93% · other public 0.01%

    Turnout: all 86.15% · promoters 100.00% · institutions 92.15% · other public 55.22%

  4. To authorize Board of Directors to fix remuneration of Statutory Auditors of the Company for the Financial Year 2022 - 23 in terms of the provisions of Section 142 of the Companies Act, 2013
    Ordinary
    97.80% for2.20% against

    Against: promoters 0.00% · institutions 5.40% · other public 0.00%

    Turnout: all 86.15% · promoters 100.00% · institutions 92.15% · other public 55.22%

  5. To approve appointment of Shri Raj Kumar, IAS [DIN: 00294527] as a Director of the Company
    Ordinary
    98.90% for1.10% against

    Against: promoters 0.00% · institutions 2.70% · other public 0.01%

    Turnout: all 86.15% · promoters 100.00% · institutions 92.15% · other public 55.22%

  6. To ratify the remuneration payable to M/s Kailash Sankhlecha & Associates as Cost Auditors of the Company for the Financial Year ending 31st March, 2023
    Ordinary
    99.96% for0.04% against

    Against: promoters 0.00% · institutions 0.10% · other public 0.01%

    Turnout: all 86.15% · promoters 100.00% · institutions 92.15% · other public 55.22%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Postal ballot, 23 Mar 2022, 2 resolutions

The company's voting result (opens in a new tab)

  1. To Approve Appointment of Shri Tapan Ray, IAS (RETD.) [DIN:00728682] as an Indipendent Director of the Company
    Special
    89.02% for10.98% against

    Against: promoters 0.00% · institutions 26.40% · other public 1.39%

    Turnout: all 86.16% · promoters 100.00% · institutions 91.14% · other public 56.27%

  2. To Approve Appointment of Shri. J.P Gupta, IAS, DIN 01952821, as Director of the Company
    Ordinary
    95.81% for4.19% against

    Against: promoters 0.00% · institutions 10.11% · other public 0.02%

    Turnout: all 87.15% · promoters 100.00% · institutions 93.72% · other public 56.27%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 28 Sep 2021, 7 resolutions

Present: 1 promoter and 70 others.The company's voting result (opens in a new tab)

  1. Receiving, considering and adopting the Audited Financial Statements (Standalone & Consolidated) of the Company for the Financial Year ended 31st March, 2021 and the Reports of the Board of Directors and Auditors thereon.MoreLess
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.05%

    Turnout: all 84.77% · promoters 100.00% · institutions 100.00% · other public 64.20%

  2. Declaration of Dividend on Equity Shares.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 84.84% · promoters 100.00% · institutions 100.00% · other public 64.37%

  3. Re-appointment of Shri M M Srivastava, IAS (Retd.) (DIN: 02190050), who retires by rotation and being eligible offers himself for re-appointment.
    OrdinaryPromoters have an interest in it
    96.03% for3.97% against

    Against: promoters 0.00% · institutions 0.00% · other public 12.13%

    Turnout: all 81.90% · promoters 100.00% · institutions 88.12% · other public 62.99%

  4. Authorizing Board of Directors to fix the remuneration of Statutory Auditors of the Company for the Financial Year 2021 - 22 in terms of the provisions of Section 142 of the Companies Act, 2013.
    Ordinary
    97.08% for2.92% against

    Against: promoters 0.00% · institutions 0.00% · other public 9.04%

    Turnout: all 84.84% · promoters 100.00% · institutions 100.00% · other public 64.37%

  5. Approving appointment of Dr. Rajiv Kumar Gupta, IAS [DIN: 03575316] as a Director of the Company.
    OrdinaryPromoters have an interest in it
    96.76% for3.24% against

    Against: promoters 0.00% · institutions 1.20% · other public 9.12%

    Turnout: all 81.90% · promoters 100.00% · institutions 88.12% · other public 62.99%

  6. Ratify remuneration payable to M/s Kailash Sankhlecha & Associates, Cost Auditors of the Company for the Financial Year ending 31st March, 2022.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.01%

    Turnout: all 84.84% · promoters 100.00% · institutions 100.00% · other public 64.37%

  7. Approving appointment of Shri Pankaj Kumar, IAS [DIN: 00267528] as a Director of the Company.
    OrdinaryPromoters have an interest in it
    90.60% for9.40% against

    Against: promoters 0.00% · institutions 12.08% · other public 20.55%

    Turnout: all 84.13% · promoters 100.00% · institutions 98.32% · other public 63.48%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 24 Sep 2020, 10 resolutions

Present: 1 promoter and 93 others.The company's voting result (opens in a new tab)

  1. To Receive, consider and adopt the Audited Financial Statements (Standalone & Consolidated) of the Company for the Financial Year ended 31st March, 2020 and the Reports of the Board of Directors and Auditor thereon.MoreLess
    Ordinary
    99.38% for0.62% against

    Against: promoters 0.00% · institutions 1.31% · other public 0.00%

    Turnout: all 82.35% · promoters 100.00% · institutions 84.10% · other public 35.62%

  2. To declare dividend on Equity Shares.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 81.96% · promoters 100.00% · institutions 83.18% · other public 35.89%

  3. To appoint a director in place of Shri Sanjeev Kumar, IAS [DIN: 03600655] who retires by rotation and being eligible offers himself for re-appointment.
    OrdinaryPromoters have an interest in it
    87.48% for12.52% against

    Against: promoters 0.00% · institutions 26.58% · other public 1.92%

    Turnout: all 81.16% · promoters 100.00% · institutions 81.52% · other public 35.72%

  4. To authorise Board of Directors to fix remuneration of Statutory Auditors of the Company for the Financial Year 2020 - 21 in terms of provisions of Section 142 of the Companies Act, 2013.
    Ordinary
    97.54% for2.46% against

    Against: promoters 0.00% · institutions 5.19% · other public 0.02%

    Turnout: all 82.45% · promoters 100.00% · institutions 84.29% · other public 35.72%

  5. To approve appointment of Shri Anil Mukim, IAS [02842064] as a Director of the Company.
    OrdinaryPromoters have an interest in it
    96.22% for3.78% against

    Against: promoters 0.00% · institutions 7.83% · other public 1.92%

    Turnout: all 81.11% · promoters 100.00% · institutions 81.41% · other public 35.72%

  6. To approve appointment of Shri Pankaj Joshi, IAS [01532892] as a Director of the Company.
    OrdinaryPromoters have an interest in it
    97.30% for2.70% against

    Against: promoters 0.00% · institutions 5.80% · other public 0.01%

    Turnout: all 81.16% · promoters 100.00% · institutions 81.52% · other public 35.72%

  7. To approve appointment of Smt. Sunaina Tomar, IAS [DIN: 03435543] as a Director of the Company.
    OrdinaryPromoters have an interest in it
    98.67% for1.33% against

    Against: promoters 0.00% · institutions 2.85% · other public 0.01%

    Turnout: all 81.16% · promoters 100.00% · institutions 81.52% · other public 35.72%

  8. To approve re-appointment of Shri Sudhir Kumar Jain [DIN: 03646016] as an Independent Director of the Company.
    Special
    99.57% for0.43% against

    Against: promoters 0.00% · institutions 0.92% · other public 0.01%

    Turnout: all 81.16% · promoters 100.00% · institutions 81.52% · other public 35.72%

  9. To approve re-appointment of Shri Bhadresh Mehta [DIN: 02625115] as an Independent Director of the Company.
    Special
    99.05% for0.95% against

    Against: promoters 0.00% · institutions 2.03% · other public 0.01%

    Turnout: all 81.16% · promoters 100.00% · institutions 81.52% · other public 35.72%

  10. To ratify the remuneration payable to M/s N D Birla & Co., Cost Auditors of the Company for the Financial Year ending 31st March, 2021.
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.02% · other public 0.01%

    Turnout: all 82.45% · promoters 100.00% · institutions 84.29% · other public 35.72%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

How mutual funds voted

Fund houses must disclose how they vote at every meeting of a company they hold.

Mutual fund votes, meeting of 17 Oct 2025, 23 fund houses

  • To consider and approve the Composite Scheme of Amalgamation and Arrangement amongst Gujarat State Petroleum Corporation Limited (“Transferor Company 1” or “GSPC”) and Gujarat State Petronet Limited (“Transferor Company 2” or “GSPL” or "Company" ) and GSPC Energy Limited (“Transferor Company 3” or “GEL”) and Gujarat Gas Limited (“Transferee Company” and “Demerged Company” or “GGL”) and GSPL Transmission Limited (“Resulting Company or “GTL”) and their respective shareholders under sections 230 to 232 and other applicable provisions of the Companies Act, 2013 and rules made thereunder, by the requisite statutory majority.MoreLess
    23 for0 against

Mutual fund votes, meeting of 23 Sep 2025, 23 fund houses

  • To receive, consider and adopt the Audited Financial Statements (Standalone & Consolidated) of the Company for the Financial Year ended 31st March, 2025 and the Reports of the Board of Directors and Auditors thereon.MoreLess
    23 for0 against
  • To declare Dividend on Equity Shares.
    23 for0 against
  • To appoint a Director in place of Ms. Arti Kanwar, IAS [DIN: 03535973] who retires by rotation and being eligible offers herself for re-appointment
    23 for0 against
  • To authorize Board of Directors to fix remuneration of Statutory Auditors of the Company for the Financial Year 2025 – 26 in terms of the provisions of Section 142 of the Companies Act, 2013
    23 for0 against
  • To approve appointment of Shri Pankaj Joshi, IAS (DIN: 01532892 ) as Director of the Company.
    Against Angel One Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual Fund, Quantum Mutual Fund, Zerodha Mutual Fund
    • Angel One Mutual FundGovernance concern: Proposed appointment as non-retiring Director is leading to the non-compliance. Holds combined position of Chairman and Managing Director, may lead to concentration of power. Director holds 2 Full-Time positions as Chief Secretary of Govt. of Gujarat and Managing Director of Gujarat State Petronet Ltd. Delayed Approval of shareholders.
    • Edelweiss Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual Fund, Zerodha Mutual FundCompliant with law. No concern on the merits of proposed director. Governance concern: Non-Compliant Board u/s 152 of Companies Act – appointment as non-retiring director is leading to the Non-Compliance. Holds combined position of Chairman and Managing Director, may lead to concentration of power. Director holds 2 Full-Time positions as Chief Secretary of Govt. of Gujarat and MD of GSP Ltd. Delayed Approval of shareholders.
    • Quantum Mutual FundWe believe that Mr. Pankaj Joshi holding dual position of Chairman and Managing director may lead to concentration of power. Hence, we do not favour the resolution.
    16 for7 against
  • To approve appointment of Shri M. K. Das, IAS [DIN: 06530792] as Director of the Company
    23 for0 against
  • To approve appointment of Shri Rishikesha T. Krishnan, [DIN:00064067] as Independent Director of the Company
    Against Angel One Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual Fund, Zerodha Mutual Fund
    • Angel One Mutual FundGovernance concern: Delayed Approval of shareholders.
    • Edelweiss Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual Fund, Zerodha Mutual FundCompliant with law. No concern on the merits of proposed appointee. Governance concern: Delayed Approval of shareholders.
    17 for6 against
  • To ratify the remuneration payable to M/s R. K. Patel, as Cost Auditors of the Company for the Financial Year ending 31st March, 2026
    23 for0 against
  • To appoint M/s. SPANJ & Associates, Practising Company Secretaries (Firm Registration Number: P2014GJ034800) as the Secretarial Auditors of the Company for a term of 5 consecutive years, including the remunerationMoreLess
    Against Angel One Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual Fund, Zerodha Mutual Fund
    • Angel One Mutual FundGovernance Concern: Failure to highlight non-compliance in the Secretarial Audit Report or Compliance Report.
    • Edelweiss Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual Fund, Zerodha Mutual FundCompliant with law. No concern on the merits of proposed Auditors. Governance Concern: Failure to highlight non-compliance w.r.t. Board Compliance u/s 152(6) in the Secretarial Audit Report or Compliance Report.
    17 for6 against
6 earlier meetings

Mutual fund votes, meeting of 19 Sep 2024, 23 fund houses

Each resolution counts the houses whose vote was matched to it; the rest are listed last.

  • Receiving, considering and adopting the Audited Financial Statements (Standalone & Consolidated) of the Company for the Financial Year ended 31st March, 2024 and the Reports of the Board of Directors and Auditors thereonMoreLess
    21 for0 against
  • Declaration of Dividend on Equity Shares
    23 for0 against
  • Re-Appointment of of Shri Raj Kumar, IAS [DIN:00294527] who retires by rotation and being eligible offers himself for re-appointment
    Against Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund, Quantum Mutual Fund
    • Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual FundCompliant with law. No concern on the merits of the proposed appointee. Governance Concern: Holding combined position of Chairman and Manging Director.
    • Quantum Mutual FundMr. Raj Kumar holds the position of Chairman & MD in the company. We are of the view that clubbing both the positions might lead to a concentration of power. Therefore, we do not favour the resolution.
    19 for4 against
  • Authorizing Board of Directors to fix remuneration of Statutory Auditors of the Company for the Financial Year 2024 – 25 in terms of the provisions of Section 142 of the Companies Act, 2013
    23 for0 against
  • Approving appointment of Ms. Vanaja N Sarna, IRS (Retd.) [DIN: 10419005] as Woman Independent Director of the Company
    23 for0 against
  • nRatification of the remuneration payable to M/s R K Patel & Co., as Cost Auditors of the Company for the Financial Year ending 31st March, 2025
    23 for0 against
1 proposal not matched to one resolution
  • Accept Financial Statements and Statutory Reports
    2 for0 against

Mutual fund votes, meeting of 14 Sep 2023, 21 fund houses

Each resolution counts the houses whose vote was matched to it; the rest are listed last.

  • Receiving, considering and adopting the Audited Financial Statements (Standalone & Consolidated) of the Company for the Financial Year ended 31st March, 2023 and the Reports of the Board of Directors and Auditors thereonMoreLess
    19 for0 against
  • Declaration of Dividend on Equity Shares
    21 for0 against
  • Re-appointment of Shri M M Srivastava, IAS (Retd.) [DIN: 02190050], who retires by rotation and being eligible offers himself for re-appointment
    Against HSBC Mutual Fund
    • HSBC Mutual FundWe have concerns about insufficient independence on the board.
    20 for1 against
  • Authorizing Board of Directors to fix the remuneration of Statutory Auditors of the Company for the Financial Year 2023 – 24 in terms of the provisions of Section 142 of the Companies Act, 2013
    21 for0 against
  • Approving appointment of Shri Milind Torawane, IAS [DIN: 03632394] as Director of the Company
    Against Axis Mutual Fund, Bandhan Mutual Fund, Baroda BNP Paribas Mutual Fund, HSBC Mutual Fund, Mirae Asset Mutual Fund, Motilal Oswal Mutual Fund, Nippon India Mutual Fund, Quantum Mutual Fund, Sundaram Mutual Fund
    • Axis Mutual Fund, Sundaram Mutual FundMilind Torawane, 50, is an IAS Officer. He is the Managing Director of Gujarat State Petroleum Corp Ltd and Gujarat Gas Ltd. In the past, he has been Commissioner of Rural Development and Secretary to Government (Rural Department), Panchayats, Rural Housing and Rural Development Department. He has worked in the Finance Department of the Government of Gujarat, as the Secretary (Expenditure) and as the Secretary (Economic Affairs).He will not draw any remuneration from the company. The company has not disclosed his tenure of appointment: we expect public sector enterprises to disclose the proposed appointment terms through the meeting notice.While he is not liable to retire by rotation, we recognize that this risk is mitigated by the presence of a 37.6% controlling shareholder, who will weigh in on Milind Torawane’s continuing directorship.We raise concern that he holds three executive positions, including two listed entities (Gujarat Gas Limited and Gujarat State Petronet Limited). Therefore, his ability to devote sufficient time to three separate entities is unclear. Given his excessive executive responsibilities, we do not support his appointment.Further, while not required under the regulations, we expect the company to seek shareholders’ approval within three months of the board appointment.
    • Bandhan Mutual FundCompliant with law. No concern identified on merit of the appointee. Governance concern: Excessive time commitments, Holding more than 2 full time positions and Delayed approval of shareholders.
    • Baroda BNP Paribas Mutual FundCompliant with law. No concern identified with merit of the appointee. GSPL is a Gujarat Government owned company and appointment of directors is as per the government direction.
    • HSBC Mutual FundWe have concerns about insufficient independence on the board.
    • Mirae Asset Mutual FundStretched management bandwidth. Minority shareholder interest should be heard and addressed to realize true value of the enterprise within a timely manner.
    • Motilal Oswal Mutual Fund"Compliant with law. No concern identified on merit of the appointee. Governance concern: Excessive time commitments, Holding more than 2 full time positions and Delayed approval of shareholders."
    • Nippon India Mutual FundShareholder's approval not obtained on time for appointment of director
    • Quantum Mutual FundExcessive full-time commitment
    12 for9 against
  • Approving appointment of Smt. Mamta Verma, IAS [DIN: 01854315] as Director of the Company
    Against HSBC Mutual Fund, Motilal Oswal Mutual Fund, Nippon India Mutual Fund
    • HSBC Mutual FundWe have concerns about insufficient independence on the board.
    • Motilal Oswal Mutual FundCompliant with law. No concern has been identified with profile and time commitment of the appointee. Governance Concern: Delayed approval of shareholders.
    • Nippon India Mutual FundShareholder's approval not obtained on time for appointment of director
    18 for3 against
  • Approving appointment of Ms. Arti Kanwar, IAS [DIN: 03535973] as Director of the Company
    Against HSBC Mutual Fund
    • HSBC Mutual FundWe have concerns about insufficient independence on the board.
    20 for1 against
  • Ratify remuneration payable to M/s Kailash Sankhlecha & Associates, Cost Auditors of the Company for the Financial Year ending 31st March, 2024
    21 for0 against
1 proposal not matched to one resolution
  • Accept Financial Statements and Statutory Reports
    2 for0 against

Mutual fund votes, meeting of 22 Sep 2022, 18 fund houses

Each resolution counts the houses whose vote was matched to it; the rest are listed last.

  • To receive, consider and adopt the Audited Financial Statements (Standalone & Consolidated) of the Company for the Financial Year ended 31st March, 2022 and the Reports of the Board of Directors and Auditors thereon.MoreLess
    17 for0 against
  • To declare Dividend on Equity Shares
    17 for0 against
  • To appoint a Director in place of Shri Sanjeev Kumar, IAS [DIN: 03600655] who retires by rotation and being eligible offers himself for re- appointment
    Against Franklin Templeton Mutual Fund, Mirae Asset Mutual Fund
    • Franklin Templeton Mutual FundA vote AGAINST this resolution is warranted because: • Sanjeev Kumar serves as a member of the audit committee despite being an executive director. • He is getting a permanent board seat which could reduce his accountability by disallowing shareholder review for his continued service.
    • Mirae Asset Mutual FundStretched management bandwidth
    15 for2 against
  • To authorize Board of Directors to fix remuneration of Statutory Auditors of the Company for the Financial Year 2022 - 23 in terms of the provisions of Section 142 of the Companies Act, 2013
    17 for0 against
  • To approve appointment of Shri Raj Kumar, IAS [DIN: 00294527] as a Director of the Company
    17 for0 against
  • To ratify the remuneration payable to M/s Kailash Sankhlecha & Associates as Cost Auditors of the Company for the Financial Year ending 31st March, 2023
    17 for0 against
6 proposals not matched to one resolution
  • Item 1, as a fund house numbered it
    1 for0 against
  • Item 2, as a fund house numbered it
    1 for0 against
  • Item 3, as a fund house numbered it
    1 for0 against
  • Item 4, as a fund house numbered it
    1 for0 against
  • Item 5, as a fund house numbered it
    1 for0 against
  • Item 6, as a fund house numbered it
    1 for0 against

Mutual fund votes, meeting of 23 Mar 2022, 19 fund houses

  • To Approve Appointment of Shri Tapan Ray, IAS (RETD.) [DIN:00728682] as an Indipendent Director of the Company
    Against Baroda BNP Paribas Mutual Fund, Mirae Asset Mutual Fund, Nippon India Mutual Fund, NJ Mutual Fund, Quantum Mutual Fund
    • Baroda BNP Paribas Mutual FundProlonged association of the director with the Company and the Group Companies.
    • Mirae Asset Mutual FundProlonged association of the director with the Company and the Group Companies may impede independence and objectivity as an Independent Director.
    • Nippon India Mutual FundProlonged association with the group
    • NJ Mutual FundGovernance concern identified. Prolonged association of the director with the Company and the Group Companies.
    • Quantum Mutual FundHis association with GIFT CITY (a Gujarat government undertaking) as its Managing Director may impede his independence and objectivity as an Independent Director of Gujarat State Petronet Limited. The company must consider appointing him as Non-Executive Non-Independent director
    14 for5 against
  • To Approve Appointment of Shri. J.P Gupta, IAS, DIN 01952821, as Director of the Company
    19 for0 against

Mutual fund votes, meeting of 28 Sep 2021, 19 fund houses

Each resolution counts the houses whose vote was matched to it; the rest are listed last.

  • Receiving, considering and adopting the Audited Financial Statements (Standalone & Consolidated) of the Company for the Financial Year ended 31st March, 2021 and the Reports of the Board of Directors and Auditors thereon.MoreLess
    17 for0 against
  • Declaration of Dividend on Equity Shares.
    17 for0 against
  • Re-appointment of Shri M M Srivastava, IAS (Retd.) (DIN: 02190050), who retires by rotation and being eligible offers himself for re-appointment.
    18 for0 against
  • Authorizing Board of Directors to fix the remuneration of Statutory Auditors of the Company for the Financial Year 2021 - 22 in terms of the provisions of Section 142 of the Companies Act, 2013.
    19 for0 against
  • Approving appointment of Dr. Rajiv Kumar Gupta, IAS [DIN: 03575316] as a Director of the Company.
    18 for0 against
  • Ratify remuneration payable to M/s Kailash Sankhlecha & Associates, Cost Auditors of the Company for the Financial Year ending 31st March, 2022.
    18 for0 against
  • Approving appointment of Shri Pankaj Kumar, IAS [DIN: 00267528] as a Director of the Company.
    17 for0 against
8 proposals not matched to one resolution
  • Item 1, as a fund house numbered it
    1 for0 against
  • Item 2, as a fund house numbered it
    1 for0 against
  • Item 3, as a fund house numbered it
    1 for0 against
  • Item 5, as a fund house numbered it
    1 for0 against
  • Item 6, as a fund house numbered it
    1 for0 against
  • Item 7, as a fund house numbered it
    1 for0 against
  • Accept Financial Statements and Statutory Reports
    1 for0 against
  • To declare Dividend on Equity Shares. `RESOLVED THAT pursuant to the recommendation of the Board of Directors of the Company, Dividend for the Financial Year 2020 - 21 @ 20% (i.e. Rs. 2 per Share) on 56,42,11,376 Equity Shares, having face value of Rs. 10 each, of the Company be and is hereby approved.` `RESOLVED FURTHER THAT Dividend be paid to the, 1. Beneficial owners as at the close of business hours on Thursday, 9th September, 2021, as per the list to be furnished by the Depositories in respect of the Shares held in electronic form. 2. Members in the Register of Members of the Company as on Thursday, 9th September, 2021, after giving effect to all valid share transfer in physical form received as at the close of business hours on Thursday, 9th September, 2021.`MoreLess
    1 for0 against

Mutual fund votes, meeting of 24 Sep 2020, 17 fund houses

Each resolution counts the houses whose vote was matched to it; the rest are listed last.

  • To Receive, consider and adopt the Audited Financial Statements (Standalone & Consolidated) of the Company for the Financial Year ended 31st March, 2020 and the Reports of the Board of Directors and Auditor thereon.MoreLess
    14 for0 against

    2 abstained

  • To declare dividend on Equity Shares.
    14 for0 against

    2 abstained

  • To appoint a director in place of Shri Sanjeev Kumar, IAS [DIN: 03600655] who retires by rotation and being eligible offers himself for re-appointment.
    Against Bandhan Mutual Fund, Franklin Templeton Mutual Fund
    • Bandhan Mutual FundCompliant with law. Governance Concern: Holds three full time positions.
    • Franklin Templeton Mutual FundA vote AGAINST Sanjeev Kumar is warranted as he is an executive director serving on the audit committee.
    12 for2 against

    2 abstained

  • To authorise Board of Directors to fix remuneration of Statutory Auditors of the Company for the Financial Year 2020 - 21 in terms of provisions of Section 142 of the Companies Act, 2013.
    Against Quantum Mutual Fund
    • Quantum Mutual FundDuring FY '20, 50% of the auditor remuneration (Standalone financials) was related to non-audit fees. We assume that the same auditors are to be reappointed for FY 21. Due to the non-audit fees being greater than one third of total fees and lack of disclosures on the nature of non-audit fees, we oppose the resolution.
    14 for1 against

    2 abstained

  • To approve appointment of Shri Anil Mukim, IAS [02842064] as a Director of the Company.
    Against Bandhan Mutual Fund
    • Bandhan Mutual FundCompliant with law. Governance Concern: Holds dual position of Chairman and Managing Director.
    14 for1 against

    2 abstained

  • To approve appointment of Shri Pankaj Joshi, IAS [01532892] as a Director of the Company.
    14 for0 against

    2 abstained

  • To approve appointment of Smt. Sunaina Tomar, IAS [DIN: 03435543] as a Director of the Company.
    15 for0 against

    2 abstained

  • To approve re-appointment of Shri Sudhir Kumar Jain [DIN: 03646016] as an Independent Director of the Company.
    14 for0 against

    2 abstained

  • To approve re-appointment of Shri Bhadresh Mehta [DIN: 02625115] as an Independent Director of the Company.
    15 for0 against

    2 abstained

  • To ratify the remuneration payable to M/s N D Birla & Co., Cost Auditors of the Company for the Financial Year ending 31st March, 2021.
    14 for0 against

    2 abstained

6 proposals not matched to one resolution
  • Item 1, as a fund house numbered it
    1 for0 against
  • Item 2, as a fund house numbered it
    1 for0 against
  • Item 3, as a fund house numbered it
    1 for0 against
  • Item 6, as a fund house numbered it
    1 for0 against
  • Item 8, as a fund house numbered it
    1 for0 against
  • Item 10, as a fund house numbered it
    1 for0 against

Each fund house counted once, from its own disclosure; the reasons are its own words.

Fines and tax disputes

Reported in the filing for the quarter to Mar 2026.

  • Fine or penaltyNational Stock Exchange of India LimitedSince 27 Feb 2026₹53,100

    Imposition of Fines

    Non-compliance with the requirements pertaining to the composition of the Board under Regulation 17(1) of SEBI (LODR) Regulations, 2015
  • Fine or penaltyBSE LimitedSince 27 Feb 2026₹53,100

    Imposition of Fines

    Non-compliance with the requirements pertaining to the composition of the Board under Regulation 17(1) of SEBI (LODR) Regulations, 2015
  • Tax disputeAssessment Unit, Income Tax DepartmentSince 23 Mar 2026
    Rectification application filed before Jurisdictional Assessing Officer on 27-03-26. The Jurisdictional Assessing Officer has, vide its order u/s 154 dated 10.04.2026, rectified the said mistake & the said demand of Rs. 77.76 crores stands nullified/ deleted. The issue stands resolvedMoreLess
    At the filing before: Income Tax department has passed order u/s 143(3) r.w. section 144B of Income Tax Act, 1961 for AY 2024-25 [FY 2023-24] accepting the returned income as assessed income without making any additions or disallowance. However, due to apparent mistake in its computational part of order [Tax Computation Sheet] an erroneous demand of Rs. 77.76 crore was raised u/s 156 of the Income Tax Act. The company had initiated process of filing rectification application before jurisdictional Assessing Officer for rectification of the said mistake & cancellation of wrong demandMoreLess

In the company's own words, from its latest governance filing.

Investor complaints and compliance

Quarter by quarter.

Investor complaints received and resolved, the company's own count

  • Received
  • Resolved

Open at the quarter's end

None open at any quarter's end.
The board is made up as the listing rules require
Yes
The board has a regular chairperson
Yes
The company has a risk management committee
Yes
The chair is related to the managing director
Yes
The filing has a part on fines and penalties
Yes
The filing has a part on tax disputes
Yes
There was a cyber security incident in the quarter
No

The company's own answers in its filing.