GP

Gujarat State Petronet Ltd.

Ref: GSPL/S&L/2022- 23

GSPL Bhavan,

27th August, 2022

E-18, GIDC Electronics Estate, Nr.. K-7 Circle,

Sector-26,Gandhinagar-382028.

Tel.: +91-79-23268500/600

Fax: +91-79-23268506

Website:: www.gspcgroup.com

o

To

To

The Manager (Listing)

The Manager (Listing))

The BSE Limited,,

The National Stock Exchange of India Ltd.

.

Phiroze Jeejeebhoy Towers,,

"Exchange Plaza", Bandra-Kurla

Dalal Street,, Mumbai - 400 001

Complex,, Bandra (E),, Mumbaii - 400 051

-

:

:

Company Code: 532702

Company Code: GSPL

Dearr Sir/Madam,,

Sub::

Regulation 34 (1))

of the SEBI (Listing Obligations and Disclosure Requirements))

Regulations,, 2015

-

Notice of 24th Annuall Generall Mecting (AGM)) alongwith Annuall

Report of the Companyfor the Financiall Year 2021 22- 2..

This is furtherr to our Letter dated 17th# August,, 2022,, wherein,, the Company had informed

thatt the 24th Annual Generall Meeting is scheduled to be held on Thursday,, 22nd September,,

2022 att 33..00 PP..M.. through Video Conferencing (VC)/Otherr Audio Visuall Meanss (OAVM) in

accordance,, with the relevantt Circularss issued by thee Ministry off Corporate Affairss and Thee

Securitiess and Exchange Board off India (SEB)I)..

In1n terms off thee requirementt off Regulation 34(1))

off thee SEBII (Listing Obligationss andd

Disclosure Requirements)) Regulations,, 2015,, wee

aree submitting herewith thee Annual

Reportt off thee Comparny including thee Businesss Responsibility Reportt and thee Noticee off

AGM forr thee Financiall Yearr 20211 - 22. Thee

Companyy hass sentt thee samee todayy through

- .

electronicc modee too thee Memberss whoo havee registeredd their EE--Mail IDss with thee Company'ss

R&TA/Depository

Participant.

y

t.

Thee Noticee off AGM alongg with thee Annuall Reportt forr thee Financial Year 20211- 222 iss alsoo

availablee on thee websitee off thee Companyy viziz.. www.gspegroup. c p.com. m.. Further,, thee Noticee off

AGM will alsoo bee availablee onn thee websitee offCentral DepositoryyServicess (India)) Limitedd att

.

a.

.

www.evotingindia.com.

Youu aree requestedd too kindlyy takee theeabovee informationn onnrecordd..

ThankinggYouu..

Yourssfaithfully,,

Forr

t Statee

PetynoEPimaed

Gujarat

GP

0»

Rajeshwari Sharmna

i

Company Secretary

y

NDHIN

RegistererOffice::GSPCCBhavan,,BehinddUdyoggBhavan,,Sectorr11,-

,Gandhinagarr -382010,,

Gujarat,t,

India.a.

CIN::L40200GJ1998SGC035)51888

24th Annual Report | 2021 - 2022

Board of Directors

Shri Pankaj Kumar, IAS

Shri M M Srivastava, IAS (Retd.) Shri Raj Kumar, IAS

Shri J. P. Gupta, IAS

Prof. Yogesh Singh

Dr. Bakul Dholakia

Dr. Sudhir Kumar Jain

Shri Bhadresh Mehta

Smt. Shridevi Shukla

Shri Tapan Ray, IAS (Retd.)

Shri Sanjeev Kumar, IAS

Shri Pankaj Joshi, IAS

Shri Bimal Patel

Dr. Rajiv Kumar Gupta, IAS

Chief Financial Officer

Shri Ajith Kumar T R

Company Secretary

Smt. Rajeshwari Sharma

Statutory Auditors

M/s Anoop Agarwal & Co.,

Chartered Accountants

Secretarial Auditors

M/s Dhawal Chavda & Associates

Practising Company Secretaries

Bankers/Financial

Institutions

HDFC Bank

Federal Bank

RBL Bank

ICICI Bank

IDBI Bank

Yes Bank

Bank of Baroda

Union Bank of India

Gujarat State Financial Services Ltd.

Chairman & Managing Director

(w.e.f. 27* July, 2022)

(w.e.f. 10* December, 2021)

(w.e.f. 5* January, 2022)

Joint Managing Director

Director (upto 2ⁿ November, 2021)

Independent Director (upto 28* December, 2021)

Director (upto 10* June, 2022)

Subsidiary Companies

Registrar & Share Transfer Agent

Gujarat Gas Limited

KFin Technologies Ltd.

GSPL India Gasnet Limited

GSPL India Transco Limited

Associate Company

Internal Auditors

Sabarmati Gas Limited

M/s Deloitte Haskins and Sells

Cost Auditors

Registered Office

M/s Kailash Sankhlecha & Associates

GSPC Bhavan, Behind Udyog Bhavan,

Cost Accountants

Sector - 11, Gandhinagar - 382010, Gujarat

Corporate Office

GSPL Bhavan, E-18, GIDC Electronic Estate,

Sector - 26, Gandhinagar - 382028, Gujarat

Contents

1.

Board of Directors .........................................................................................................

02

2.

Quality, Health, Safety and Environment Policy ..............................................................

06

3.

Notice...........................................................................................................................

07

4.

Board's Report...............................................................................................................

18

5.

Management Discussion & Analysis ................................................................................

24

6.

Corporate Governance Report.........................................................................................

28

7.

Business Responsibility Report ........................................................................................

48

8.

GSPL Gas Grid Map.....................................................................................................

56

9.

Comments of C&AG on Standalone Financial Statements................................................

58

10.

Independent Auditors' Report on Standalone Financial Statements ....................................

59

11.

Standalone Balance Sheet...............................................................................................

68

12.

Standalone Statement of Profit & Loss.............................................................................

69

13.

Standalone Cash Flow Statement....................................................................................

71

14.

Notes to Standalone Financial Statements .......................................................................

72

15.

Comments of C&AG on Consolidated Financial Statements ..........................................

115

16.

Independent Auditors' Report on Consolidated Financial Statements ...............................

116

17.

Consolidated Balance Sheet ..........................................................................................

122

18.

Consolidated Statement of Profit & Loss ........................................................................

123

19.

Consolidated Cash Flow Statement ...............................................................................

126

20.

Notes to Consolidated Financial Statements...................................................................

127

21.

Form AOC - 1 ...........................................................................................................

178

1

GP Gujarat State Petronet Limited (CIN: L40200GJ1998SGC035188)

Board of Directors (Position as on 4th August, 2022)

Shri Pankaj Kumar, IAS, Chairman & Managing Director

Shri Pankaj Kumar, IAS is the Chief Secretary of Gujarat State. Shri Pankaj Kumar is a Senior IAS Officer of 1986 batch. He has done his B. Tech (Civil Engineering) from IIT, Kanpur and MBA (Public Policy & Management) from ICPE, Ljubljana.

He has wide experience in various departments such as Revenue, Home, Health and Family Welfare, Agriculture and Disaster & Relief Management in various capacities. He has also served in state PSUs like Gujarat Maritime Board (GMB), Gujarat State Road Transport Corporation, Gujarat Mineral Development Corporation etc. He worked as Collector and DDO in several districts as well. He also served as Addl. Principal Secretary to Hon'ble Chief Minister, Gujarat. He worked as Additional Chief Secretary, Home Department, Government of Gujarat before his appointment as Chief Secretary.

He led series of reforms in Revenue Department including development of online portal iORA that facilitated online Non-Agricultural (NA) permission and Land Premium Payment notably. He had fostered changes in working culture to be more open, transparent, and accountable. He had also extensively used Social Media in governance specially during National Disasters. He has been assigned the task to guide and supervise Health & Family Welfare Department for entire work relating to Covid-19 activities for the State of Gujarat.

In addition to his responsibility as Chief Secretary of the State, he is also Chairman of Gujarat State Petroleum Corporation Limited, Gujarat Alkalies & Chemicals Limited, Gujarat State Fertiliser & Chemicals Ltd., Gujarat Narmada Valley Fertilisers & Chemicals Ltd., Gujarat Maritime Board and Gujarat Gas Limited.

Shri M M Srivastava, IAS (Retd.), Non - Executive Director

Shri M M Srivastava, IAS, (Retd.) has graduated in Science from Delhi University and has completed his Masters in Physics from Delhi University. He has also done MBA (Marketing) from University of Ljubljana, Slovenia. He has wide administrative and corporate experience. He has held various positions in Government Departments prior to his retirement including Member (Finance), Gujarat Electricity Board, Managing Director of Gujarat Agro Industries Corporation, Secretary in Finance Department, Commissioner of Commercial Tax Department, Principal Secretary to Energy and Petrochemicals Department and Additional Chief Secretary to Finance Department, Government of Gujarat.

Shri Raj Kumar, IAS, Non - Executive (Additional) Director

Shri Raj Kumar, IAS is a Gujarat Cadre officer of Indian Administrative Services belonging to 1987 batch. He possesses a degree of B. Tech. in Electrical Engineering and Master in Public Policy & Management. He commands a very vast and varied experience. As an IAS officer, Shri Raj Kumar, IAS has worked in various capacities covering a very wide spectrum of Government departments, both at State and Central level. Presently, he is the Additional Chief Secretary, Home Department, Government of Gujarat. Before being appointed as ACS (Home), Shri Raj Kumar, IAS served as Secretary, Department of Defence Production, Ministry of Defence, Govt. of India. He has been Chairman/Managing Director/ Director in many Central & State PSUs, during his tenure in government service.

During his long spanning career, Shri Raj Kumar, IAS has also participated in various national and international training programmes covering a wide range of topics.

Shri Raj Kumar, IAS has received many awards during his career in recognition of excellence in service and he also has several publications to his credit.

2

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GSPL - Gujarat State Petronet Limited published this content on 27 August 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 29 August 2022 19:23:38 UTC.