15th Annual General Meeting Green Gas Limited (A joint venture of GAIL India Limited and IOCL)
Considering the spread of the COVID-19 pandemic, social distancing norms and the relevant guidelines and circulars of the Ministry of Corporate Affairs (MCA), the 15th Annual General Meeting (AGM) of Green Gas Limited was organised on 28th September , 2020 via video conferencing.
Shri A. K. Tiwari, Chairman of the Board, successfully chaired the AGM while other Board of Directors and the shareholders joined the meeting via video conference.
Chairman addresses all the shareholders and delighted to share fast growth trajectory of the Company with exemplary performance in FY 2019-20. He specifically stated that health and safety of company’s employees and customers has been considered as topmost priority of the organisation during COVID-19 global pandemic period. He also mentioned as moment of pride for the Company about the credit rating by CRISIL & ICRA with ‘AA’ (Stable) and reafﬁrmed for next ﬁnancial year.
Apart from approving the Annual Financial Statements for the financial year 2019-20, shareholders confirmed the payment of final dividend @ Rs. 1.6/- per equity share of Rs. 10/- each fully paid up, of the Company for the Financial Year 2019-20.
Highlights of Green Gas Limited performance in 2019-20 were shared with the shareholders.
Key performance highlights are as under:
- Since inception of Green Gas Limited FY 2019-20 is the best year in terms of Financial results
- In FY 2019-20 Green Gas Limited has achieved a Gross revenue of Rs. 416.67 Crore, PBT of Rs. 98.52 Crore and PAT of Rs. 73.44 Crore.
- Improvement FY 2020 v/s FY 2019 :-
- Gross Turnover (net of VAT) : 18%
- PBT : 38%
- PAT : 59%
- CNG Sales (Qty.) : 5%
- PNG Domestic (Qty.) : 94%
- PNG (I&C) (Qty.) : 47%
Meeting was commenced with the welcome note delivered by Shri Sanzeev Medhi , Managing Director ,
Green Gas Limited .
Vote of thanks was delivered by Shri Sharat Kumar (Director (Commercial), Green Gas Limited .
Shri G. K. Satish ( Director),Shri S. L. Raina(Independent Director) ,Shri Sanzeev Medhi( Managing Director), Shri Sharat Kumar(Director (Commercial),Shri Piyush Mishra ( Chief Financial Officer), Statutory Auditor ,Secretarial Auditor , Independent Auditor , Cost Auditor and Shareholders were present during 15th AGM of Green Gas limited.
The full results of the Annual General Meeting along with the Chairman’s Speech have been uploaded on the Company’s website www.gglonline.net