Gujarat Pipavav Port Limited (GPPL) has announced a significant development in its business operations, securing a five-year contract with Oil and Natural Gas Corporation (ONGC) for port and storage facilities at Pipavav Port.

Contract Details

The company disclosed in a regulatory filing that it received a notification letter from ONGC on September 24, 2025, confirming the award of the contract. The agreement, set to commence on October 1, 2025, will span a five-year period, marking a substantial long-term commitment between the two entities.

Scope of Services

Under the terms of the contract, Gujarat Pipavav Port will provide:

• Marine support services
• Storage facilities within the port premises

These services will play a crucial role in supporting ONGC's plans to establish an offshore supply base at Pipavav Port.

Strategic Implications

This contract represents a significant opportunity for Gujarat Pipavav Port Limited to strengthen its position in the maritime infrastructure sector. By partnering with ONGC, a major player in India's oil and gas industry, GPPL is poised to enhance its service offerings and potentially boost its revenue streams over the next five years.

Next Steps

The notification letter received by Gujarat Pipavav Port Limited will be translated into a formal agreement between the company and ONGC. This process is expected to solidify the terms and conditions of their collaboration, ensuring a smooth implementation of the contracted services.

Company Statement

Manish Agnihotri, Company Secretary & Compliance Officer of Gujarat Pipavav Port Limited, confirmed the development in the regulatory filing. The company has also made this information available on its official website, www.pipavav.com , in line with its commitment to transparency and regulatory compliance.

As Gujarat Pipavav Port Limited prepares to embark on this new venture with ONGC, stakeholders will be keenly watching how this partnership unfolds and its potential impact on the company's performance in the coming years.

Gujarat Pipavav Port Limited (GPPL) successfully concluded its 33rd Annual General Meeting (AGM) on September 4, 2025, marking a significant milestone for the company. The meeting, conducted via video conferencing, saw the participation of 42 shareholders representing 44.01% of the company's capital.

Dividend Declaration

One of the key highlights of the AGM was the approval of dividend payments. Shareholders gave their nod to a final dividend of Rs. 4.20 per equity share, in addition to ratifying an interim dividend of Rs. 4.00 per equity share that had already been paid out. This total dividend of Rs. 8.20 per share for the financial year ended March 31, 2025, underscores the company's commitment to delivering value to its shareholders.

Key Appointments and Re-appointments

The AGM saw several important appointments and re-appointments:

1. Director Re-appointments: Mr. Jonathan Richard Goldner (DIN: 09311803) and Mr. Steven Deloor (DIN: 10337166) were re-appointed as directors after retiring by rotation.

2. New Statutory Auditors: M/s M S K A & Associates, Chartered Accountants (ICAI Firm Registration No. 105047W) were appointed as the new statutory auditors, replacing Price Waterhouse Chartered Accountants LLP. The new auditors will hold office until the conclusion of the 38th AGM.

3. Secretarial Auditors: M/s Rathi & Associates, Practicing Company Secretaries, Mumbai (Firm Registration No. P1988MH011900, Peer Reviewed No. 6391/2025) were appointed as secretarial auditors for a five-year term from April 2025 to March 2030.

4. Independent Director Re-appointment: Mr. Samir Chaturvedi (DIN: 08911552) was re-appointed as an Independent Director for a second five-year term, from November 12, 2025, to November 11, 2030.

Strategic Decisions

The shareholders approved a significant resolution regarding material related party transactions with Maersk A/S (including A.P. Moller Maersk A/S and its affiliates) for the period from April 1, 2026, to September 30, 2028. This approval grants the Board of Directors, including the Audit Committee, the authority to make material modifications to these transactions without further shareholder reference.

Financial Statements and Compliance

The AGM approved the adoption of audited standalone and consolidated financial statements for the year ended March 31, 2025, along with the reports of the Board of Directors and Auditors. All resolutions were passed through a combination of remote e-voting and e-voting at the AGM, in compliance with Section 108 of the Companies Act, 2013, and Regulation 44 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The meeting, which commenced at 3:00 PM and concluded at 3:30 PM, was attended by shareholders through video conferencing, adhering to the ongoing digital transformation in corporate governance practices.

Gujarat Pipavav Port Limited continues to demonstrate strong corporate governance and shareholder engagement, as evidenced by the comprehensive proceedings of its 33rd AGM. The company's focus on strategic appointments, dividend distribution, and approval of key business transactions positions it well for future growth and stakeholder value creation.