gujaratgas · gspl supervision expenses 0.33 recharge of salary expense (net) 0.07 0.04 right of...

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GGL/SEC/698/20 19 BSE Limited, Phiroze Jijibhoy Tower, Dalal Street, Mumbai GUJARATGAS 1st June, 2019 National Stock Exchange of India Ltd. Exchange Plaza, sthPl oor, Plot No. CIl , G Block, Bandra Kurla Complex, Bandra (East), Mumbai - 400 os 1 Sub: Submission under Regulation 23(9) of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. Dear Sir/ Madam, Please find enclosed disclosure as required under Regulation 23(9) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, related to Related Party Transaction on the consolidated basis for the year ended on 31st March, 2019. We request to take the above on record. Thanking you, For Gujarat Gas Limited Enelosure as above Rajeshwari Sharma Company Secretary GUJARAT GAS LI MITED (A GSPCGroup Company - Govern ment of Gujarat Undert aking) (Formerly known as GSPC Dist ribution Networks Limited) Corporate Office: 2, Shanti Sadan Society, Near Parimal Garden, - 380006, Gujarat, India. Tel.: +91-79-26462980,26460095 Fax : +91-79 -26466249 Registered Office : Gujarat Gas CNG Station, Sector -SIC, Gandhinagar - 38 2006, Gujarat,India. Tel. : +91 -79 -2 32642 22, 23 264333 Website: www.gujaratgas.com, www.gspcgroup.com CIN: L40 200GJ2012SGC069118

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Page 1: GUJARATGAS · GsPL Supervision Expenses 0.33 Recharge of Salary Expense (Net) 0.07 0.04 Right of Way Expense(ROW) 0.07 3.00 Reimbursement of Expenses 0.19 0.09 Dividend Paid 29.83

GGL/SEC/698/20 19

BSE Limited,Phiroze Jijibhoy Tower,Dalal Street, Mumbai

GUJARATGAS

1st June, 2019

National Stock Exchange of India Ltd.Exchange Plaza, sthPloor, Plot No. CIl , GBlock, Bandra Kurla Complex,Bandra (East), Mumbai - 400 os 1

Sub: Submission under Regulation 23(9) of Securities and Exchange Board of India(Listing Obligations and Disclosure Requirements) Regulations, 2015.

Dear Sir/ Madam,

Please find enclosed disclosure as required under Regulation 23(9) of SEBI (ListingObligations and Disclosure Requirements) Regulations, 2015, related to Related PartyTransaction on the consolidated basis for the year ended on 31st March, 2019.

We request to take the above on record.

Thanking you,For Gujarat Gas Limited

Enelosure as above

Rajeshwari SharmaCompany Secretary

~

GUJARAT GAS LIMITED (A GSPCGroup Company - Government of Gujarat Undert aking) (Formerly known as GSPC Dist ribution Networks Limited)

Corporate Office: 2, Shanti SadanSociety, Near Parimal Garden, Ellisb~6\l:1n-0iallad - 380006, Gujarat, India.Tel.: +91-79-26462980,26460095 Fax : +91-79-26466249Registered Office : Gujarat GasCNG Station, Sector -SIC, Gandhinagar - 38 2006, Gujarat, India. Tel.: +91 -79 -23264222, 23 264333Website: www.gujaratgas.com,www.gspcgroup.com CIN: L40 200GJ2012SGC069118

Page 2: GUJARATGAS · GsPL Supervision Expenses 0.33 Recharge of Salary Expense (Net) 0.07 0.04 Right of Way Expense(ROW) 0.07 3.00 Reimbursement of Expenses 0.19 0.09 Dividend Paid 29.83

Gujarat Gas Limited : Consolidated Disclosure of Related Party Transactions for half year ended 31st March 2019

As per the Indian Accounting Standa rd -24 on " Related Party Disclosures" , list of paren t & subsid iary of t he Com pany are as follows.

(a) Parent Entit y

Gujarat State Petroleum Corporation Limited (GSPC) - Ultim ate Holdin g Company

Gujarat State Petronet Limi ted (GsPL) - Holding Company(b) Subsidia ry / Associat e

Guj Info Petro Limited (GIPL - Associate 10 rores

Sr. For Six Months endedFor Six Month s

Name of Relat ed Party Relationship Nature of Transact ions & Balances31st March, 2019

ende d 31st March,No.

2018

1 Gujarat State Petro leum Ulti mate Holding Company Purchase of Natural Gas 2,834.37 2,449 .43

Corporation Limited - GsPC Rent Expense 0.13 0.01

Administ rat ion & Other Expense 0.04

Dividend Paid 11.73

Reimbu rsement of Expenses 0.07 0.35

Recharge of Salary - Income (Net) 0.05

Recharge of Salary - Expense (Net) 0.36

CNG Sales - Income 0.005 0.02

PNG Sales- Income 0.01 0.01

Balance at period end

Amount Receivable/ (Payable) (151.74) (134.71)

Investm ent at Period end 16.02 16.06

Deposits Asset / (Liability) - Net (0.004) (0.004)

Bank Guarantee by GGLto GsPC 272.90 367.40

2 Gujarat Stat e Petro net Limited - Holding Company Gas Transmission Expense 193.58 123.94

GsPL Supervision Expenses 0.33

Recharge of Salary Expense (Net) 0.07 0.04

Right of Way Expense (ROW) 0.07 3.00

Reimbursement of Expenses 0.19 0.09

Dividend Paid 29.83 10.64

Rent Expense 0.92 0.65

PNGSales- Income 0.02 0.01

O&M Charges Recovered - Income 0.02 0.01

Rent - Income 0.08

Sale of Assets 1.53

Recharge of Capex (by GGLto GsPL) 1.97 -

Balance at period end

Amount Receivable/(Payable) (14.60) (10.35)

Deposits Asset / (Liability) - Net 4.47 1.99

Bank Guarantee - by GGLto GsPL 31.36 23.89

Letter of Credit - by GGLto GsPL 0.10 0.10

3 saba rmat i Gas Limit ed - sGL Associate of Holding GasTransportation Expense 0.44 0.40

Com pany Recharge of Salary - Income (Net ) - 0.002PNGSales- Income 0.001 0.001

GasTransportation Charges - Income 0.06 0.03

Reimbursement of expenses - Income 0.21

Balance at period end

Amount Receivable/(Payable) (0.43) (0.03)

Deposits Asset / (Liability) - Net (0.04) (0.04)

4 Guj Info Petro Limited- GIPL AssociateWeb Development / Bandwidth Charges 0.004 0.001

Balance at period end

Investment at Period end 0.03 0.03

5 Gujarat State Energy Generat ion Associate of Ultimate Dividend Paid 0.11 0.08

Limited - GSEG Holding Company Reimbursement of Charges - Income - 0.00

PNGSales - Income 0.002 -Balance at period end

Amount Receivable/(Payable) 0.00 (0.01)

Deposits Asset / (Liabil ity) - Net (0.10) (0.10)

6 Gujarat Gas Limited Emp loyees Ente rp rise cont rolled by Contr ibution Paid 4.06

Group Gratuity Scheme t he company

7 M r.Nit in Pat il- CEO Key Manage rial Person Remunerat ion fo r six months ended 31st March 2019

(Short Term Benefit - 0.50 Crs & 0.56 0.44Post Employement Benefit - 0.06 Crs)

For Guja rat Gas Limi t ed

Rajeshwa ri Sharma

Comp any Secretary

Notes :

All t ransactions with related part ies we re carr ied out in the ordinary course of business and at arms lengt h.Total sitt ing fees & out of pocket expense paid to dir ecto rs dur ing six months ended 31st March 2019 amounts to Rs.0.07 Crs (P.Y. Rs.0.05 Crs) and Rs.0.02 Crs (P.Y

Rs.0.02 Crs.) respect ively.3 Sitti ng fees which becomes payab le to Shri.J.N.singh, lAS. Shri.T.Natarajan, lAS, Shir.M ilind Torawane, lASand Shri.Ra]Gopal, lAS during FY2018-19 are direct ly

deposit ed in Govt . Treasury Account.

~Nitesh Bhandar i

Chief Financia l Office r