Investors Notices
Communique under Clause 36 of the Listing Agreement
Pursuant to Clause 36 of the Listing Agreement, we wish to inform you that consequent to the indefinite strike by the Oil Sector Officers association with effect from 6.00 AM on 7th January 2009, supply of natural gas from GAIL to Gujarat Gas has reduced to about 2% of the normal levels of 2.27 mmscmd under two separate contracts. Supplies from GAIL account for more than 80% of the Company’s total gas supply. This has affected Gujarat Gas’s sale of gas mainly to industrial customers. This situation is likely to continue till the strike is called off and normal gas production and operations of shore-based facilities at Hazira, including pipelines, is restored.
Board Meeting for Annual Financial Results for CY 2008.
We wish to inform you that our Company follows the Calendar Year as its Financial Year. We follow the practice of publishing audited results of the full financial year instead of publishing unaudited results for the last quarter ended December.
GGCL Board to meet for approval of Q2 results (15 July 2008)
Pursuant to Clause 41 of the Listing Agreement, we wish to inform you that the Board of Directors of the Company will meet on Wednesday, 30 July 2008 to approve the unaudited financial results of the Company for the second quarter ended on 30 June 2008.
GGCL Board to meet for approval of Q1 results (18 April 2008)
Pursuant to Clause 41 of the Listing Agreement, we wish to inform you that the Board of Directors of the Company will meet on Wednesday, 30 April 2008 to approve the unaudited financial results of the Company for the first quarter ended on 31 March 2008.
Communique under clause 36 of the Listing Agreement (1 April 2008)
We enclose a communiqu pursuant to clause 36 of the Listing Agreement regarding the expiry of Gas Sales Contracts and execution of Term Sheet with GAIL.
1) Gujarat Gas Company Limited (GGCL) had entered into two gas sales contracts with the Panna Mukta Tapti Joint Venture (PMT-JV), each for the purchase of 0.70 mmscmd of gas (1.40 mmscmd in aggregate). The term of the said gas sales contracts have expired on 1st April, 2008.
2) GGCL had entered into a Gas Sales Contract (GSC) dated 18th September 2006 with BG Exploration and Production India Limited (BGEPIL) for the purchase of 1.65 mmscmd of gas. Pursuant to the direction / order dated 26th November, 2007 of the Government of India, BGEPIL, while expressing its inability to perform its obligation under the GSC, has terminated the GSC with immediate effect, that is from 1st April, 2008.
3) GGCL has executed a Term Sheet with GAIL (India) Limited for the purchase and transmission of 2.13 mmscmd of gas under which gas supply has commenced from 1st April 2008. The provisions of the Term Sheet would be subsequently incorporated in to a Gas Sales and Transmission Contract valid up to the earlier of 21st December, 2019, or the expiry of the Panna-Mukta, Tapti Production Sharing Contracts.
Change in date of Annual General Meeting (25 March 2008)
Please refer to our letter dated 20 February 2008, intimating therein the decision of the Board to convene the Annual General Meeting (AGM) on 30 April, 2008.
It is hereby informed to you that date of the said AGM has been changed and therefore the ensuing AGM of the Company will be held on 2 May 2008.
Intimation of Book Closure for dividend payment (20 February 2008)
Pursuant to clause 16 of the Listing Agreement, we wish to inform you that Share Transfer Books of the company shall remain closed for the purpose of determining eligibility for dividend payment from 18 March 2008 to 20 March 2008 (both days inclusive).
Recommendation of dividend and fixing of date of AGM (20 February 2008)
In compliance of the Listing Agreement it is intimated that the Board at its meeting held on 20 February 2008 approved the following:- - Recommended a dividend of Rs. 3/- (150%) per equity share on the face value of Rs. 2/- each - Decided to convene the Annual General Meeting on 30 April 2008.
GGCL Board to meet for approval of Annual Accounts for CY 2007 (11 February 2008)
This is in furtherance to our letter dated 8th January 2008, regarding intimation therein, the publication of the audited results for the CY 2007, with in 3 months of the close of the financial year ended on 31st December, 2007. Pursuant to the Listing Agreement, we wish to inform you that the Board of Directors will meet on 20 February 2008 to consider the audited financial results of the company for the calendar year 2007 and for the recommendation of dividend.
GGCL Board to meet for approval of Audited Results (8 January 2008)
We follow calendar year as financial year of the company. We follow the practice of publishing audited results for the full, year instead of publishing unaudited results for the quarter of October-December.
Pursuant to Clause 41 of the Listing Agreement, we shall be publishing audited results for the year 2007 instead of unaudited results for the quarter of October-December 2007. We shall intimate the date of Board meeting for considering the audited accounts of the year in due course of time.
Gujarat Gas Board to meet for Q3 results (Notice - 9 October 2007)
COMMUNICATION TO STOCK EXCHANGES Notice pursuant to the Listing Agreement is hereby given that the Board of Directors of the Company will meet on Wednesday, 24 October 2007 to approve the unaudited financial results for the third quarter ended on 30 September 2007.
GGCL Board to meet for Q2 results (July 13, 2007)
COMMUNICATION TO STOCK EXCHANGES Notice pursuant to the Listing Agreement is hereby given that the Board of Directors of the Company will meet on Thursday, 26 July 2007 to approve the unaudited financial results for the second quarter ended on 30 June 2007.
GGCL Board to meet for Q1 results (April 13, 2007)
COMMUNICATION TO STOCK EXCHANGES Notice pursuant to the Listing Agreement is hereby given that the Board of Directors of the Company will meet on Monday, 30 April 2007 to approve the unaudited financial results for the first quarter ended on 31 March 2007.