Gujarat State Petronet Ltd: Board Decisions and Financial Updates

Gujarat State Petronet Ltd (GSPL), a key player in India’s gas utilities sector, has recently made several significant board decisions. The company, which operates a natural gas transmission network primarily serving the state of Gujarat, has seen changes in its directorial board and financial disclosures.

On August 12, 2025, the Board of Directors approved multiple appointments and noted resignations. Notably, Shri M. M. Srivastava, IAS (Retd.), resigned as a Director of the company. In a move to fill the vacancy, the Board approved the appointment of Shri M. K. Das, IAS, as an Additional Director. These changes are part of a broader set of approvals that included the appointment of Secretarial Auditors, Cost Auditors, an Interim CFO & KMP, a CFO & KMP, and a CRO.

In addition to these appointments, the Board has approved the un-audited financial results for the quarter ending June 30, 2025. This approval is in line with the company’s commitment to transparency and regulatory compliance, as mandated by the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Financially, GSPL’s stock closed at 302.9 INR on August 10, 2025. The company’s market capitalization stands at approximately 170.9 trillion INR. Over the past year, the stock has fluctuated between a high of 469.7 INR on September 1, 2024, and a low of 261.45 INR on March 3, 2025. The price-to-earnings ratio is currently 15.38344.

These developments reflect GSPL’s ongoing efforts to strengthen its leadership and maintain financial transparency, ensuring continued service to its natural gas end-users in Gujarat.