Gujarat Energy submitted its Business Responsibility and Sustainability Report (BRSR) for FY26 on September 5, 2026, detailing environmental, social, and governance performance across its standalone operations.

The report covers the merged entity following the amalgamation of erstwhile Gujarat State Petroleum Corporation Limited and GSPC Energy Limited into Gujarat Energy Limited. JointValues ESG Services Pvt. Ltd. provided reasonable assurance on the nine core attributes disclosed in the filing.

Environmental Performance

The company reported a rise in Scope 1 greenhouse gas emissions to 44,161.16 MT of CO2 equivalent from 33,067.53 MT in FY25. Scope 2 emissions increased to 1,27,088.15 MT from 1,17,937.10 MT. Total energy consumption grew to 6,52,964.75 GJ, with renewable sources contributing 11.89 GJ.

Water consumption stood at 17,296.47 KL, up from 16,469.90 KL. The company discharged 73,849.48 KL of wastewater, primarily through municipal sewer systems or soak pits for domestic waste, while industrial effluent from exploration and production operations was sent to Common Effluent Treatment Plants after primary treatment.

Safety and Social Metrics

Gujarat Energy recorded zero fatalities and zero permanent disabilities for both employees and workers during FY26. The Lost Time Injury Frequency Rate (LTIFR) for workers was 0.068 per million person-hours worked, down from 0.130 in FY25. Employee LTIFR remained at 0.000.

The company spent 0.036% of total revenue on employee and worker well-being measures. Gross wages paid to females accounted for 7.02% of total wages, compared to 6.62% in FY25. Permanent employee turnover rate was 5.54%, while permanent worker turnover fell to 7.65% from 13.73%.

Corporate Social Responsibility

Total CSR expenditure for FY26 reached ₹65,21,94,986, comprising ₹16,34,79,997 disbursed directly and ₹48,87,14,989 transferred to unspent accounts. Key initiatives included constructing 177 Anganwadis, supporting 450 women entrepreneurs through micro-enterprise development, and establishing six millet-based processing units.

What the Numbers Show

Scope 2 emissions constitute approximately 74% of the company’s total reported carbon footprint, highlighting that purchased electricity remains the dominant source of indirect emissions despite operational efficiency gains. While absolute Scope 1 emissions rose, emission intensity per rupee of turnover adjusted for Purchasing Power Parity declined to 143.95 MT/USD Crore from 176.44 MT/USD Crore, indicating improved carbon efficiency relative to revenue growth.

Gujarat Energy Limited has scheduled its 14th Annual General Meeting (AGM) for Tuesday, September 29, 2026. The meeting will be held via video conferencing or other audio-visual means at 3:00 pm to discuss the Annual Report for FY25-26.

The company dispatched the Notice of AGM and the Annual Report electronically on September 5, 2026, in compliance with Regulation 34(1) of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015. Shareholders who have not registered their email addresses received physical letters containing the weblink to access the documents.

Meeting Details

The AGM is scheduled for September 29, 2026, at 3:00 pm. The company emphasized that the proceedings will adhere to the circulars issued by the Ministry of Corporate Affairs and the Securities and Exchange Board of India regarding virtual meetings.

Document Availability

Shareholders can access the Notice of AGM and the Annual Report for FY25-26 through multiple channels:

• Company Website: www.gujarat-energy.com
• CDSL e-Voting Portal: www.evotingindia.com
• Physical Dispatch: Sent to shareholders without registered email IDs on September 5, 2026

Demerger Cost Apportionment Reminder

Separately, the company previously communicated the mechanism for apportioning the cost of acquisition of equity shares following its demerger scheme, which became effective on May 1, 2026. Shareholders are advised to split their pre-demerger costs between Gujarat Energy Limited (GEL) and GSPL Transmission Limited (GTL) based on a specific ratio derived from net worth valuations.

The composite scheme was sanctioned by the Ministry of Corporate Affairs on April 8, 2026. It involves the transfer of the gas transmission business undertaking from GEL to GTL on a going concern basis. Shareholders received equity shares in GTL in the ratio of one fully paid-up share of ₹10 each for every three fully paid-up shares of ₹2 each held in GEL.

Cost Apportionment Mechanism

Shareholders who acquired GEL equity shares prior to the record date of July 2, 2026, must apportion their total cost of acquisition as follows:

This ratio is based on the net worth of GEL and the net assets of the gas transmission business undertaking as of the appointed date, April 1, 2025. The calculation aligns with Section 73 of the Income-Tax Act, 2025.

Tax Implications

Under Section 70(1)(K) of the Income-Tax Act, 2025, the issuance of GTL equity shares pursuant to the scheme is not regarded as a transfer and is therefore not taxable in the hands of shareholders. Furthermore, the date of acquisition for GTL shares is deemed to be the same as the date of acquisition for the original GEL shares.

Illustrative Example

For a shareholder who purchased 900 equity shares of GEL at ₹400 per share prior to the record date, the total cost of acquisition was ₹3,60,000. Following the demerger, this shareholder received 300 shares of GTL. The cost apportionment would be calculated as follows:

• Cost allocated to 900 GEL shares: ₹2,54,376 (70.66% of total cost)
• Cost allocated to 300 GTL shares: ₹1,05,624 (29.34% of total cost)

The company emphasized that this guidance is for general informational purposes only. Shareholders are advised to consult their own tax advisors regarding specific implications under the Income-Tax Act, 2025, including provisions related to capital gains computation.