Shareholders meeting

GEL/SEC/2026/1618 5th September, 2026 BSE Limited, National Stock Exchange of India Ltd, Phiroze Jeejeebhoy Tower, Exchange Plaza, 5th Floor, Plot No. C/1, G Dalal Street, Mumbai Block, Bandra Kurla Complex, Bandra (East), Mumbai Company Code: BSE - 539336 Company Code: NSE - GUJENERGY Sub: Regulation 34 (1) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“SEBI Listing Regulations”) - Notice of the 14th Annual General Meeting (AGM) along with Annual Report of Gujarat Energy Limited (Erstwhile Gujarat Gas limited) for the Financial Year 2025 – 26 Dear Sir/ Madam, This is further to our Letter dated 27th August, 2026, wherein, the Company had informed that the 14th Annual General Meeting is scheduled to be held on Tuesday, 29th September, 2026 at 3:00 P.M. through Video Conferencing (“VC”)/Other Audio-Visual Means (“OAVM”), in accordance with the relevant circulars issued by the Ministry of Corporate Affairs and the Securities and Exchange Board of India. In terms of the requirement of Regulation 34(1) of the SEBI Listing Regulations, we are submitting herewith the Annual Report of the Company including the Notice of AGM for the Financial Year 2025 – 26. The Company has sent the same today i.e. on 5th September, 2026, through electronic mode to the Members who have registered their E-Mail IDs with the Company’s R&TA/Depository Participant. Further, pursuant to Regulation 36(1)(b) of the Listing Regulations the Company has dispatched letters to those Shareholders whose E-mail addresses are not registered with Company /Depository Participants, providing the weblink, including the exact path, where complete details of the Annual Report are available. A copy of the letter sent to the shareholders is also enclosed herewith. The Notice of AGM along with the Annual Report for the Financial Year 2025 - 26 is also available on the website of the Company viz. www.gujarat-energy.com. Further, the Notice of AGM is also available on the website of Central Depository Services (India) Limited at www.evotingindia.com. You are requested to kindly take the above information on record. Thanking you, For, Gujarat Energy Limited Sandeep Dave Company Secretary GUJARAT ENERGY LIMITED (Erstwhile Gujarat Gas Limited) Corporate Office: Office No. 4 & 5, Ground Floor, IT Tower -2, Infocity, Gandhinagar – 382009 Gujarat Registered Office: Gujarat Energy Bhavan, Behind Udyog Bhavan, Sector- 11, Gandhinagar, Gujarat – 382010 Tel.: +91-79-66701001 Website: www.gujarat-energy.com, CIN: L40200GJ2012SGC069118 (Erstwhile Gujarat Gas Limited) An Integrated Energy Company SECURING INDIA'S ENERGY FUTURE POWERING PROGRESS. ENABLING GROWTH. Creating Sustainable Energy Solutions. ANNUAL REPORT 2025-26 www.gujarat-energy.com GUJARAT ENERGY LIMITED (Erstwhile Gujarat Gas Limited) CIN-L40200GJ2012SGC069118 BOARD OF DIRECTORS BANKERS & FINANCIAL INSTITUTION Shri M K Das, IAS, Chairman (w.e.f. 02/11/2025) Axis Bank Dr. T Natarajan, IAS Bank of Baroda Shri Ashwini Kumar, IAS (w.e.f. 27/01/2026) Federal Bank Shri Balwant Singh, IAS (Retd.) HDFC Bank Prof. Yogesh Singh ICICI Bank Shri Bhadresh Mehta IDBI Bank Dr. Rekha Jain IndusInd Bank Smt. Avantika Singh Aulakh, IAS, Managing Director (w.e.f. 24/12/2025) Kotak Mahindra Bank Shri Pankaj Joshi, IAS (Retd.) (upto 01/11/2025) Punjab National Bank Shri Milind Torawane, IAS, Managing Director (upto 24/12/2025) RBL Bank Shri S J Haider, IAS (Retd.) (upto 01/01/2026) State Bank of India CHIEF FINANCIAL OFFICER Union Bank of India Mr. Rajesh Sivadasan Yes Bank COMPANY SECRETARY DBS Bank Mr. Sandeep Dave STATUTORY AUDITORS INTERNAL AUDITORS M/s. Ashok Chhajed & Associates, Chartered Accountants, 22, M/s. Ernst & Young LLP, City Centre, C. G. Road, Nr. Swastik Char Rasta, 22nd Floor, B-wing, Privilon, Ambli BRTS Road, Ahmedabad - 380009, Gujarat, India Ahmedabad, Gujarat-380059, India COST AUDITORS SECRETARIAL AUDITORS M/s. Kailash Sankhlecha & Associates, Cost Accountants, M/s. K K Patel & Associates, 408, National Plaza, Alkapuri, Vadodara - 390 007, Gujarat, India 508-5th Floor, Sky Line Building Nr. Shalin Complex, Sector-11, Gandhinagar-382011 REGISTERED OFFICE Gujarat Energy Bhavan, Behind Udyog Bhavan, Sector – 11, REGISTRAR & SHARE TRANSFER AGENT Gandhinagar – 382010, Gujarat, India KFin Technologies Limited, Selenium Building, Tower-B, Plot No 31 & 32, Financial District, CORPORATE OFFICE Nanakramguda, Serilingampally, Hyderabad, Rangareddy, Office No. 4 & 5, Ground Floor, IT Tower - 2, Telangana, India - 500 032. Infocity, Gandhinagar- 382009, Gujarat, India 14th ANNUAL REPORT 2025 - 26 CONTENTS PAGE CONTENTS PAGE (1) Notice 01 (12) Statement of Changes in Equity 160 (2) Board’s Report 13 (13) Notes to Financial Statements 161 (3) Corporate Governance Compliance Certificate 51 CONSOLIDATED (4) Certificate of Non-Disqualification of Directors 52 (14) Report of the Comptroller and Auditor General of India 267 (5) Certificate of Compliance with Code of Conduct 53 (15) Independent Auditors’ Report 268 (6) Business Responsibility & Sustainability Report (BRSR) 77 (16) Balance Sheet 280 STANDALONE (17) Statement of Profit and Loss 281 (7) Report of the Comptroller and Auditor General of India 137 (18) Statement of Cash Flows 282 (8) Independent Auditors’ Report 138 (19) Statement of Changes in Equity 284 (9) Balance Sheet 156 (20) Notes to Financial Statements 286 (10) Statement of Profit and Loss 157 (21) Statement Pursuant to Section 129 (3) of the 407 (11) Statement of Cash Flows 158 Companies Act, 2013 (AOC-1) BOARD OF DIRECTORS OF GUJARAT ENERGY LIMITED Shri Manoj Kumar Das, IAS Chairman Chief Secretary Government of Gujarat Dr. T Natarajan, IAS Shri Ashwini Kumar, IAS Smt. Avantika Singh Aulakh, IAS Director Director Managing Director Additional Chief Secretary Principal Secretary, Finance Department, Energy & Petrochemicals Department, Government of Gujarat Government of Gujarat Shri Balwant Singh, IAS (Retd.) Prof. Yogesh Singh Shri Bhadresh Mehta Dr. Rekha Jain Independent Director Independent Director Independent Director Independent Director BUSINESS SEGMENTS GUJARAT ENERGY LIMITED – this new identity of your Company reflects the Company’s transition from being a single segment City Gas Distribution Company to a multi segment integrated energy Company. With effect from 1st May, 2026, the Composite Scheme of Amalgamation & Arrangement has come into effect thereby inter alia resulting into amalgamation of Gujarat State Petroleum Corporation Limited (“GSPC”), Gujarat State Petronet Limited ("GSPL”) and GSPC Energy Limited into your Company as also the demerger of Gas Transmission Business Undertaking into GSPL Transmission Limited. Resultantly, the Company now houses the following Business Segments and strategic investments: City Gas Distribution Segment: This segment remains the core strength of the Company. With a CGD Volume of 8.69 MMSCMD recorded during the FY 25-26, the Company continues to be a leading CGD Company of India. The Company caters to more than 24.18 lakh PNG-D, 16030 PNG-C, 4460 PNG-I and 839 No. of CNG Stations as of March 2026 through its robust pipeline network of more than 45250 KMs sperad across 44 Districts in 6 States and 1 UT. Gas Trading: With a total of 31 Cargos imported in FY 25-26, the Gas Trading Segment reported volume of 10.19 MMSCMD of which 5.25 MMSCMD was accounted as inter-segment sale for the City Gas Distribution Segment of the Company. This makes the Company a Leading Gas Trading Company in India. Exploration & Production: Through its 12 Operational E&P Assets, the Company (together with its JV Partners) has achieved cumulative production of approximately 48 Billion Cubic Feet of gas, 7.58 million barrels of oil and 0.2 million barrels of condensate since commencement of production operations. Wind Power Generation: The Company owns 123.9 MW of wind power capacity across 5 wind farms in Gujarat, comprising 79 Wind Turbine Generators. Supported by long-term Power Pur [Showing first 8,000 characters — download PDF for full document]