Annual Report - 2005-06 - GAIL (India)

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9. GENERAL SHAREHOLDER INFORMATION i. Forthcoming AGM : Date, time and venue ii. The 22nd Annual General Meeting of the Company is scheduled for Monday, the 14th August, 2006 at 10.30 a.m. at Air Force Auditorium, Subroto Park, New Delhi-110010 Financial year The Company’s financial year was from 1st April, 2005 to 31st March, 2006. iii. Date of Book closure and Dividend Payment Date During the financial year 2005-2006, the Board of Directors approved the payment of dividend, for which the respective record date(s)/book closure period(s) and dividend payment date(s) were as follows: vi. Market Price Data: High, Low during each month in last financial year MONTH(S) BSE NSE MARKET INDEX 2005-06 HIGH LOW VOLUME HIGH LOW VOLUME BSE NIFTY (in Rs.) (in Rs.) (No. of Shares) (in Rs.) (in Rs.) (No. of Shares) SENSEX APRIL 221.70 198.70 3364732 221.45 198.50 14695458 6649 2084 MAY 236.00 202.00 4110526 233.20 203.00 20295760 6772 2099 JUNE 229.80 210.00 5597145 229.80 210.05 17373291 7228 2226 JULY 232.40 208.00 5025405 231.80 208.00 15446006 7708 2332 AUGUST 245.95 221.00 6938923 276.00 221.50 23525049 7921 2426 SEPTEMBER 270.20 231.00 6530142 270.50 231.00 21183650 8722 2633 OCTOBER 287.50 231.00 7094999 287.40 230.60 25202440 8821 2669 NOVEMBER 277.70 235.10 7776758 277.80 232.50 24493895 9033 2727 DECEMBER 282.00 250.55 15282032 281.70 231.90 35921838 9442 2857 JANUARY 293.10 264.05 10496442 293.50 263.55 21674237 9945 3005 FEBRUARY 297.00 270.00 3537048 299.00 269.15 15447550 10422 3090 MARCH 325.20 267.50 12687480 325.70 267.00 51937120 11356 3433 S. No. Dividend Declared Dividend Record Date/ Dividend (%) Book Closure Payment Date 1. Interim Dividend 60 17.01.2006 18.01.2006 2. Special Interim Dividend 20 21.02.2006 22.02.2006 3. Final Dividend (Proposed) 20 To be declared at the 22nd AGM Further, the Register of Members shall remain closed from Tuesday, 1st August, 2006 to Monday, 14th August, 2006 (both days inclusive) for the purpose of determining the eligibility of the members/beneficial owners of the Company for the payment of Final Dividend @ 20% on equity shares, for the year ended 31st March, 2006, if approved by the shareholders at the ensuing Annual General Meeting. With this, the Company has paid a total dividend of 100% on the paid-up equity share capital, for the year ended 31st March, 2006. iv. Listing on Stock Exchanges The equity shares of the Company are listed at: 1. The National Stock Exchange of India Limited (NSE) 2. Bombay Stock Exchange Limited (BSE) 3. The Delhi Stock Exchange Association Limited (DSE) The proposal for de-listing the equity shares of the Company from DSE has been put up in the Notice of the forthcoming AGM, for consideration of the shareholders. In addition to the above, the Global Depository Receipts (GDRs) of the Company are listed at the London Stock Exchange. Further, the Bonds (Series I & II) of the Company are listed at the Wholesale Debt Market (WDM) segment of NSE. The Annual listing fees for the listed Equity Shares and Bonds of the Company, pertaining to the year 2005-2006, has been paid to the concerned Stock Exchanges on demand. The Company has also made the payment of the Annual Custody Fees to National Securities Depository Limited (NSDL) and Central Depository Services (India) Limited (CDSL), for the financial year 2006-2007, based on the folio/ISIN positions as on 31.03.2006. v. Stock Codes The stock codes of the Company’s securities are as follows: Stock Exchange(s) Security Code Type of Security National Stock Exchange of India Limited GAILEQ Equity Shares (NSE) Bombay Stock Exchange Limited (BSE) 532155 Equity Shares The Delhi Stock Exchange Association Limited --- Equity Shares (DSE) London Stock Exchange (LSE) GAID LI GDRs GAILY US 70 Winning Momentum 71
GAIL Stock place at BSE (Rs./Share) vii. Performance in comparison to broad-based indices such as BSE Sensex, CRISIL index etc. 350 300 250 200 150 100 50 BSE Sensex Vs GAIL High for the period 2005-06 12000 10000 8000 6000 4000 2000 BSE Sensex The Company has a Share Transfer Committee comprising of all the Whole-time Directors, including C&MD, which considers the requests for transfer/transmission of shares, issue of duplicate share certificates, re-materialization, etc. During the year, half-yearly certificate(s), confirming due compliance of the share transfer formalities by the Company [Clause 47(c) of the Listing Agreement]; and Secretarial Audit Report(s) [under SEBI (Depositories and Participants) Regulations, 1996] for reconciliation of total admitted capital with both the depositories, were obtained from a Practicing Company Secretary and the same were also submitted with the stock exchanges within the stipulated time. 0 0 April May June July August September October November December January February March High (Sensex) BSE High x. Distribution of shareholding xiii. Plant Locations No. of Shares Traded 16000000 14000000 12000000 10000000 8000000 6000000 4000000 2000000 Volume of GAIL’s Shares traded on BSE for the period 2005-06 0 APRIL JUNE AUGUST OCTOBER DECEMBER FEBRUARY BSE VOLUME viii. Registrar and Share Transfer Agent The Registrar & Share Transfer Agent of the Company is MCS Limited, New Delhi, who can be contacted at the following address: MCS Limited Sri Venkatesh Bhawan W-40, Okhla Industrial Area, Phase-II New Delhi - 110020 Phone: 91-11-41406150 / 52 91-11-41609386 Fax: 91-11-26384907 GAIL Stock price at NSE (Rs./share) No. of Shares Traded 60000000 50000000 4000000 30000000 20000000 10000000 Nifty Vs GAIL High for the period 2005-06 350 300 4000 3500 3000 250 2500 200 2000 150 1500 100 1000 50 0 500 0 April May June July August September October November December January February March High (Nifty) High NSE Volume of GAIL’s Shares Traded on NSE for the period 2005-06 0 APRIL JUNE AUGUST OCTOBER DECEMBER FEBRUARY NSE VOLUME ix. Share Transfer System The shares of the Company are being compulsorily traded in dematerialized form w.e.f. 15.02.1999. Shares in physical form, received for transfer, are transferred within a period of 30 days from the date of lodgment of valid share transfer deed along with share certificate. These requests are processed through the Company’s Registrar & Share Transfer Agent, i.e., MCS Limited. Nifty The distribution of shareholding of the Company as on 31.03.2006 is detailed below: No. of Share- % to Shareholding of No. of Amount % of holders Total nominal value of Shares (in Rs.) Total Rs.10 191306 99.7336 Upto 5000 22016771 220167710.00 2.6035 172 0.0897 5001 to 10000 1280388 12803880.00 0.1514 87 0.0454 10001 to 20000 1302157 13021570.00 0.1540 33 0.0172 20001 to 30000 825740 8257400.00 0.0976 17 0.0089 30001 to 40000 609229 6092290.00 0.0720 13 0.0068 40001 to 50000 609004 6090040.00 0.0720 37 0.0193 50001 to 100000 2687436 26874360.00 0.3178 152 0.0792 100001 and above 816320875 8163208750.00 96.5316 191817 100.00 TOTAL 845651600 8456516000.00 100.00 xi. Dematerialization of shares and liquidity The shares of the Company are compulsorily traded in dematerialized form w.e.f. 15.02.1999. As on 31st March, 2006, 99.97% of the shares held by shareholders (excluding the shares held by the President of India), were held in dematerialized form. The demat ISIN of the Company’s equity shares is INE129A01019. xii. Outstanding GDRs/ADRs/Warrants or any Convertible instruments, conversion date and likely impact on equity The Government of India had disinvested 135 million Equity shares out of its holding in the international market through GDR mechanism in 1999-2000. A total no. of 22.5 million GDRs were issued, one GDR representing six underlying equity shares. As on 31.03.2006, a total no. of 8372853 GDRs were outstanding. The conversion of GDRs into Equity shares has no impact on total equity capital. The following are the major plant locations of the Company:- U.P. Petrochemical Complex PATA P.O. Pata – 206 241 Distt. Auraiya (U.P.) LPG Recovery Plant Usar P.O. Malyan – 402 203 Tal. Alibagh Distt. Raigad (Maharashtra) LPG Recovery Plant Vijaipur GAIL Complex Vijaipur – 473 112 Distt. Guna (M.P.) LPG Recovery Plant, Vaghodia GIDC Industrial Estate Vaghodia – 391 760 Distt. Baroda (Gujarat) LPG Recovery Plant Lakwa Sivasagar – 785 688 Assam LPG Recovery Project Gandhar Village Rozantankaria Tal. AMOD Distt. Bharuch – 392 140 Gujarat xiv. Address for correspondence GAIL (India) Limited 16, Bhikaiji Cama Place R.K. Puram NEW DELHI - 110 066 Phone: 91-11-26172580 91-11-26182955 Fax No.: 91-11-26185941 72 Winning Momentum 73
Page 3 and 4: CONTENTS Chairman’s Message 4 Hig
Page 5 and 6: “ Winning takes talent but it tak
Page 7 and 8: “A Winning Combination” Shri S.
Page 9 and 10: Statutory Auditors M/s S. Mann & Co
Page 11 and 12: LPG MARKETING PIPELINE INTEGRITY MA
Page 13 and 14: GREEN GAS LIMITED (GGL): MAHANAGAR
Page 15 and 16: SAFE PERFORMANCE OF THE COMPANY Dur
Page 17 and 18: • GREENTECH Safety Gold Award for
Page 19 and 20: ANNEXURE TO THE DIRECTORS’ REPORT
Page 21 and 22: HDPE Production (MT) 111305 109158
Page 23 and 24: INDIAN GAS SECTOR - PERSPECTIVE OF
Page 25 and 26: Polyethylene market in India is dom
Page 27 and 28: GAIL has borne a subsidy of Rs.428
Page 29 and 30: LPG TRANSMISSION Your Company owns
Page 31 and 32: The other income represents a very
Page 33 and 34: SUNDRY DEBTORS The debtors (net of
Page 35 and 36: ii. Attendance of each Director at
Page 37: The payment made to Whole-time Dire
Page 41 and 42: Economic Approach Model The Economi
Page 43 and 44: Five Year Profile (B) GAS THROUGHPU
Page 45 and 46: (b) As per the information given to
Page 47 and 48: Profit & Loss Account for the Year
Page 49 and 50: Schedule 3 - Loan Funds (Rs.in Cror
Page 51 and 52: Schedule 5 - Capital Work-in-Progre
Page 53 and 54: Schedule 7 - Current Assets, Loans
Page 55 and 56: Schedule 10 - Manufacturing, Transm
Page 57 and 58: Cash Flow Statement for the Financi
Page 59 and 60: 20. Contingent Liabilities and Capi
Page 61 and 62: and the Income and the expenditure
Page 63 and 64: Sl. Segments Natural LPG No. Gas 1.
Page 65 and 66: Disclosure as required by Clause 32
Page 67 and 68: Schedule of Fixed Assets (Township)
Page 69 and 70: Review of the Accounts of GAIL (Ind
Page 71 and 72: Annual Report for the year ended 31
Page 73 and 74: Nexia Tan & Sitoh Certified Public
Page 75 and 76: Cash Flow Statement for the year en
Page 77 and 78: Quoted shares as at 31st March, 200
Page 79 and 80: Holding Company GAIL (India) Limite
Page 81 and 82: Auditor’s Report To The Board Of
Page 83 and 84: Schedule 1 - Share Capital Schedule
Page 85 and 86: Schedule 5 - Capital Work-in-Progre
Page 87 and 88: Schedule 7 - Current Assets, Loans
Page 89 and 90:
(Rs.in Crores) Year Ended Year Ende
Page 91 and 92:
III. Investment other than in Subsi
Page 93 and 94:
) During the year, the Company has
Page 95 and 96:
Information About Business Segments
Page 97 and 98:
Share of GAIL in assets, liabilitie
Page 99:
Gas Industry specific terminologies
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Annual Report - 2005-06 - GAIL (India)

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