Gujarat State Petronet Ltd. Ref: GSPL/S&L/ 2019-20 GSPL Bhavan, E-18, GIDC Electronics Estate, Nr
Total Page:16
File Type:pdf, Size:1020Kb
Gujarat State Petronet Ltd. Ref: GSPL/S&L/ 2019-20 GSPL Bhavan, E-18, GIDC Electronics Estate, Nr. K-7 Circle, Date: 29th August, 2019 Sector-26, Gandhinagar-382028. Tel.: +91-79-23268500/600 Fax : +91-79-23268506 Website : www.gspcgroup.com To To The Manager (Listing) The Manager (Listing) The Stock Exchange, Mumbai The National Stock Exchange of India Ltd. Phiroze Jeejeebhoy Towers, "Exchange Plaza", Bandra-Kurla Dalal Street, Mumbai - 400 001. Complex, Bandra (E), Mumbai - 400 051, Fax No. 022-22722037-22723121- Fax No. : 022-26598237/38 Company Code: 532702 Company Code: GSPL Dear Sir, Sub: 21st Annual General Meeting and Book Closure. This is to inform you that the 21st Annual General Meeting of the Company is scheduled to be held on Tuesday, 24th September, 2019. Copy of the Annual Report 2018 - 19 along with the Notice convening the 21st Annual General Meeting is enclosed herewith. Further, the Register of Members and Share Transfer Books of the Company will remain closed for the period from Saturday, 14th September, 2019 to Tuesday, 24th September, 2019 (both days inclusive) for the purpose of payment of Dividend for the Financial Year 2018 - 2019 and Annual General Meeting. The Dividend as recommended by the Board of Directors, if declared at the Annual General Meeting, will be paid on or after Tuesday, 1st October, 2019 to th Register Office : GSPC Bhavan, Behind Udyog Bhavan, Sector - 11, Gandhinagar - 382010, Gujarat, india. CIN: L40200G11998SGC035188 Members whose names appear in the Register of Members as at the close of business hours on 13th September, 2019. We would further like to inform you that the Company has fixed 17th September, 2019 as the cut-off date for the purpose of e-voting, for ascertaining the names of the Shareholders holding Shares either in physical form or in dematerialized form, who will be entitled to cast their votes electronically in respect of the businesses to be transacted at the 21st Annual General Meeting of the Company scheduled to be held on 24th September, 2019. The e-voting period commences on 20th September, 2019 to 23rd September, 2019. During this period, the Members of the Company as on the cut-off date, being 17th September, 2019, may cast their vote by electronic means. This is for your record and reference. Thanking you. Yours faithfully, For Gujarat State Petronet Limited, &Q-A Reena Desai Company Secretary C/C to: 1.National Securities Depositories Limited, Mumbai 2. Central Securities Depositories Limited, Mumbai 3. M/s Karvy Fintech Private limited, Hyderabad 21st Annual Report | 2018 - 2019 Board of Directors Shri M M Srivastava, IAS (Retd.) Chairman Shri Arvind Agarwal, IAS Shri Sujit Gulati, IAS (upto 16th July, 2018) Shri Raj Gopal, IAS (upto 1st February, 2019) Smt. Shridevi Shukla Dr. R Vaidyanathan Prof. Yogesh Singh Dr. Bakul Dholakia Dr. Sudhir Kumar Jain Shri Bhadresh Mehta Shri Bimal N Patel Dr. T Natarajan, IAS Joint Managing Director (upto 22nd August, 2019) Dr. J N Singh, IAS Managing Director Company Secretary Subsidiary Companies Registrar & Share Transfer Ms. Reena Desai GSPL India Gasnet Limited Agent GSPL India Transco Limited Karvy Fintech Private Limited, Gujarat Gas Limited Hyderabad Statutory Auditors Associate Companies Internal Auditors M/s Anoop Agarwal & Co., Sabarmati Gas Limited M/s K C Mehta & Co., Chartered Accountants, Chartered Accountants, Ahmedabad Ahmedabad Secretarial Auditors Cost Auditors Registered Office M/s Manoj Hurkat & Associates M/s N D Birla & Co., GSPC Bhavan, Behind Udyog Bhavan, Practising Company Secretaries, Cost Accountants, Ahmedabad Sector-11, Gandhinagar-382010, Gujarat Ahmedabad Corporate Office GSPL Bhavan, E-18, GIDC Electronic Estate, Sector-26, Gandhinagar-382028 Gujarat Bankers Contents Axis Bank Ltd. 1. Board of Directors ...........................................................................................02 Bank of Baroda 2. Quality, Health, Safety and Environment Policy ...............................................05 Corporation Bank 3. Notice ............................................................................................................06 Central Bank of India 4. Directors’ Report ..............................................................................................16 DCB Bank Ltd. 5. Management Discussion & Analysis .................................................................22 6. Corporate Governance Report ..........................................................................26 HDFC Bank Ltd. 7. Business Responsibility Report ..........................................................................55 ICICI Bank Ltd. 8. GSPL Gas Grid Map ......................................................................................63 IDBI Bank Ltd. 9. Comments of C&AG on Standalone Financial Statements . ...............................67 IDFC First Bank Ltd. 10. Independent Auditors’ Report on Standalone Financial Statements .....................68 Kotak Mahindra Bank Ltd. 11. Standalone Balance Sheet ................................................................................74 12. Standalone Statement of Profit & Loss ..............................................................75 RBL Bank Ltd. 13. Standalone Cash Flow Statement .....................................................................76 State Bank of India 14. Notes to Standalone Financial Statements .........................................................78 The South Indian Bank Ltd. 15. Comments of C&AG on Consolidated Financial Statements ......... ................ 113 Union Bank of India 16. Independent Auditors’ Report on Consolidated Financial Statements .................114 Yes Bank Ltd. 17. Consolidated Balance Sheet ............................................................................118 18. Consolidated Statement of Profit & Loss .........................................................119 19. Consolidated Cash Flow Statement .................................................................120 20. Notes to Consolidated Financial Statements ....................................................124 21. Form AOC - 1 .............................................................................................177 22. Attendance Slip .............................................................................................181 23. Route map ..... ..............................................................................................182 24. Proxy Form ...................................................................................................183 1 Gujarat State Petronet Limited (CIN: L40200GJ1998SGC035188) Board of Directors Shri M M Srivastava, IAS (Retd.), Chairman 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 Arvind Agarwal, IAS, Non - Executive Director Shri Arvind Agarwal, IAS, is a very Senior IAS Officer of Government of Gujarat. He has done Post Graduation in Commerce. He has very rich and varied experience of around 34 years and has held distinguished positions in Government of Gujarat viz. District Development Officer and Collector - Bharuch, Labour Commissioner, Industries Commissioner, Additional Chief Secretary, Education, Industries & Mines Departments, Government of Gujarat. He was Managing Director, Gujarat State Financial Corporation Limited, Vice Chairman & Managing Director, Gujarat Industrial Development Corporation (GIDC). He has rich experience in the field of Finance, Management and Administration. He has authored a Book in Gujarati viz. "Panchayat Parichay". He was awarded as "Best Collector" during his posting in Bharuch. Presently, he is Additional Chief Secretary, Finance Department, Government of Gujarat. Smt. Shridevi Shukla, Woman Independent (Additional) Director Smt. Shridevi Shukla has done B.A in Economics. She has wide administrative and corporate experience. Prior to her retirement, she held various senior level positions in Government of Gujarat Departments viz. Industries and Mines, Finance, Science and Technology and General Administration etc. Subsequent to her retirement, she was appointed as Officer on Special Duty (Industries and Mines) and Appellate Authority (Mines), Industries and Mines Department from September, 2010 to February, 2014. Thereafter, she was appointed as State Information Commissioner, Gujarat Information Commission from May, 2014 to February, 2015. Dr. R Vaidyanathan, Independent Director Dr. R Vaidyanathan is a retired Professor of Finance at IIM - Bangalore. He is two times Fulbright scholar and a Fellow of ICSSR-Visiting Faculty at various universities in USA/UK. He has been selected by Business Today as one of the ten best professors at all IIMS. He has the rare privilege of being in various committees of regulators like SEBI/RBI/IRDA/PFRDA. He is consultant to many organizations and is on the Board of many Corporates. His book India Uninc--Role of Non-corporate sectors in India which