Dear Members,

The Board of Directors is pleased to present the Company's 19th Annual Report and the
Company's audited financial statement for the financial year ended March 31, 2025.


FINANCIAL RESULTS


The Company's financial performance (Standalone and Consolidated) for the year ended
March 31, 2025 is summarised below: -

(Amount: Rs. in Million)


  

    

    
Standalone
    
Consolidated
  
  

    

    
FY 2024-25
    
FY 2023-24
    
FY 2024-25
    
FY 2023-24
  
  

    
Revenue from Operations
    
21,933.81
    
20,285.24
    
34,771.95
    
32,124.96
  
  

    
Other Income
    
296.19
    
324.48
    
300.35
    
335.53
  
  

    
Profit Before Tax (Before Exceptional Items)
    
686.02
    
1,101.32
    
642.51
    
1,508.37
  
  

    
Current Tax
    
91.18
    
202.77
    
104.19
    
229.40
  
  

    
Deferred Tax
    
78.87
    
76.50
    
50.43
    
159.84
  
  

    
Previous Year Tax Adjustments
    
-
    
-
    
(5.32)
    
1.23
  
  

    
Profit for the Year (Before Exceptional Items)
    
515.97
    
822.05
    
493.21
    
1,117.90
  
  

    
Exceptional Items
    
37.94
    
59.63
    
1.21
    
-
  
  

    
Profit for the Year
    
478.03
    
762.42
    
492.00
    
1,117.90
  
  

    
Other Comprehensive Income
    
(0.61)
    
(1.15)
    
0.57
    
0.25
  
  

    
Total Comprehensive Income for the Year
    
477.42
    
761.27
    
492.57
    
1,118.15
  
  

    
Total Comprehensive Income attributable to Non-Controlling Interest
    
-
    
-
    
13.52
    
48.74
  
  

    
Total Comprehensive Income attributable to Owners of the Company
    
477.42
    
761.27
    
479.05
    
1,069.41
  
  

    
Balance in Retained Earnings Account (including Other Comprehensive
    income)
    
4,516.98
    
4,205.56
    
7048.40
    
6,482.07
  
  

    
Appropriations
    

    

    

    

  
  

    
Transferred to General Reserve
    
-
    
-
    
-
    
-
  
  

    
Dividend on Equity Shares
    
(449.85)
    
(449.85)
    
(449.85)
    
(449.85)
  
  

    
Changes in Ownership interest in subsidiaries
    
-
    
-
    
12.17
    
(53.23)
  
  

    
Closing Balance (including Other Comprehensive Income)
    
4,544.55
    
4,516.98
    
7089.09
    
7,048.40
  



TRANSFER TO RESERVES


The Board of Directors of the Company has not transferred any amount to the Reserves
for the year under review.


RESULTS OF OPERATIONS & STATE OF COMPANY'S AFFAIRS


During the year under review, the total revenue from operations was Rs. 21,933.81
Million on standalone basis and Rs. 34,771.95 Million on consolidated basis as compared to
the last year's revenue of Rs. 20,285.24 Million on standalone basis and Rs. 32,124.96
Million on consolidated basis respectively. The Profit after Tax (PAT) of your Company was
Rs. 478.03 Million on standalone basis and Rs. 492.00 Million on consolidated basis as
compared to the last financial year's PAT of Rs. 762.42 Million on standalone basis and
Rs. 1,117.90 Million on consolidated basis respectively.


DETAILS OF MATERIAL CHANGES FROM THE END OF THE FINANCIAL YEAR TILL THE DATE OF THIS
REPORT


No material changes have taken place from the end of the financial year till the date
of this report.


DIVIDEND


The Board of Directors has recommended a dividend of Rs. 2.00/- (Rupees Two only) per
equity share of Rs. 10/- (Rupees Ten) each fully paid-up of the Company (last year Rs.
4.00/- per equity share of Rs. 10/- each). Dividend is subject to approval of members at
the ensuing Annual General Meeting ("AGM") and shall be subject to deduction of
income tax at source.

The dividend recommended is in accordance with the Company's Dividend Distribution
Policy. The Dividend Distribution Policy of the Company is available on the Company's
website and can be accessed at http://bit.lv/4fwUClo.


MANAGEMENT DISCUSSION AND ANALYSIS REPORT


Management Discussion and Analysis Report for the year under review, as stipulated
under the Securities and Exchange Board of India (Listing Obligations and Disclosure
Requirements) Regulations, 2015 ("SEBI Listing Regulations"), is presented in a
separate section, forming part of the Annual Report.


BUSINESS OPERATIONS/PERFORMANCE OF THE COMPANY AND ITS MAJOR SUBSIDIARIES


The Company is the largest Multi System Operator in India, offering Digital Cable
Television services and providing Broadband services through its subsidiary.

The Company is focusing on its two core business activities, Digital Cable TV and
Internet Service, by adopting the use of latest advanced technology, offering quality
services to its customers at competitive prices and continuing geographical expansion
across India.


> Digital Cable Television Business


The Company is the No. 1 Digital Cable Service Provider in the Country with presence in
26 States across 1500+ towns. The Company continues to be the largest Digital Cable TV
provider in Gujarat and the second largest Digital Cable TV provider in West Bengal
through its subsidiary. The Company also has significant presence in Maharashtra, Goa,
Bihar, Uttar Pradesh, Madhya Pradesh, Jharkhand, Rajasthan, Odisha, Assam, Tripura,
Meghalaya, Manipur, Nagaland, Telangana, Andhra Pradesh, Tamil Nadu, Puducherry,
Karnataka, Delhi, Haryana, Uttarakhand, Arunachal Pradesh, Chhattisgarh and Mizoram.

The active Digital Cable TV Subscriber base stands at 9.60 Million as of March 31,
2025.


> Broadband Services


The Company offers broadband services through GTPL Broadband Private Limited, its
wholly owned subsidiary ("GTPL Broadband") under the brand name "GTPL
FIBER". GTPL FIBER currently operates in seven states including Gujarat, Rajasthan,
Uttar Pradesh, Bihar, Maharashtra, Telangana, and Andhra Pradesh. GTPL Fiber is the
largest broadband service provider in Gujarat with a presence in more than 130 towns. GTPL
Broadband offers highspeed and unlimited data to its customers using the latest Gigabit
Passive Optical Network - Fiber to the Home (GPON- FTTH) at affordable prices. During the
FY 202425, the Broadband business has further strengthened its leadership position by
adding 25,000 active subscribers and creating 1,50,000 new home-pass.

The total home-pass stands at 5.95 Million and active connected homes stand at 1045k as
on March 31, 2025.


CREDIT RATING


The Company's financial discipline and prudence is reflected in the strong credit
ratings ascribed by rating agency. The details of credit ratings are disclosed in the
Corporate Governance Report, which forms part of the Annual Report.


CONSOLIDATED FINANCIAL STATEMENT


In accordance with the provisions of the Companies Act, 2013 ("the Act"), the
SEBI Listing Regulations read with Ind AS-110 (Consolidated Financial Statement), Ind
AS-28 (Investments in Associates and Joint Ventures) and Ind AS - 112 (Disclosure of
interest in other entities), the consolidated audited financial statement forms part of
the Annual Report.


SUBSIDIARIES, JOINT VENTURES AND ASSOCIATE COMPANIES


During the year under review, companies / entities listed in Annexure 1 to this
Report have become and ceased to be subsidiary, joint venture or associate of the Company.

A statement providing details of performance and salient features of the financial
statements of subsidiaries/ associates/ jointly controlled entities, as per Section 129(3)
of the Act, is provided as Annexure 2 to this report.

The audited financial statement including the consolidated financial statement of the
Company and all other documents required to be attached thereto is uploaded on the
Company's website and can be accessed at http://bit.lv/4owHIWv.

The financial statements of the subsidiaries, as required, are available on the
Company's website and can be accessed at http://bit.ly/45atCCH.

The Company has formulated a policy for determining Material Subsidiaries and the same
is placed on the website of the Company at http://bit.ly/4muzNHA.

GTPL Broadband Private Limited and GTPL Kolkata Cable and Broad Band Pariseva Limited
are material subsidiaries of the Company as per the SEBI Listing Regulations.


SECRETARIAL STANDARDS


The Company has followed the applicable Secretarial Standards with respect to'Meetings
of the Board of Directors (SS-1) and General Meetings (SS-2) issued by the Institute of
Company Secretaries of India.


DIRECTORS' RESPONSIBILITY STATEMENT


Pursuant to Section 134(3)(c) of the Act, the Directors state that:

a. in the preparation of the annual accounts for the year ended March 31, 2025, the
applicable accounting standards read with requirements set out under Schedule III to the
Act have been followed and there were no material departures from the same;

b. the Directors have selected such accounting policies and applied them consistently
and made judgements and estimates that are reasonable and prudent so as to give a true and
fair view of the state of affairs of the Company as at March 31, 2025 and of the profit of
the Company for the year ended on that date;

c. the Directors have taken proper and sufficient care for the maintenance of adequate
accounting records in accordance with the provisions of the Act for safeguarding the
assets of the Company and for preventing and detecting fraud and other irregularities;

d. the Directors have prepared the annual accounts on a 'going concern' basis;

e. the Directors have laid down internal financial controls to be followed by the
Company and that such internal finance controls are adequate and are operating
effectively; and

f. the Directors have devised proper systems to ensure compliance with the provisions
of all applicable laws and that such systems are adequate and operating effectively.


CORPORATE GOVERNANCE


The Company is committed to maintain the highest standards of Corporate Governance and
adhere to the Corporate Governance requirements set out by the Securities and Exchange
Board of India ("SEBI").

The detailed Corporate Governance Report of the Company in pursuance of the SEBI
Listing Regulations forms part of the Annual Report of the Company. The requisite
Certificate from a Practicing Company Secretary confirming compliance with the conditions
of Corporate Governance as stipulated under the SEBI Listing Regulations is enclosed to
the Corporate Governance Report.


BUSINESS RESPONSIBILITY AND SUSTAINABILITY REPORT


In accordance with the SEBI Listing Regulations, the Business Responsibility and
Sustainability Report describing the initiatives taken by the Company from an
environmental, social and governance perspective forms part of the Annual Report of the
Company.


CONTRACTS AND ARRANGEMENTS WITH RELATED PARTIES


All contracts / arrangements / transactions entered by the Company during the financial
year with related parties were in its ordinary course of business and on an arm's length
basis.

During the year, the Company had not entered into any contract/ arrangement /
transaction with related parties which could be considered material in accordance with the
policy of the Company on materiality of related party transactions or which is required to
be reported in Form No. AOC-2 in terms of Section 134(3)(h) read with Section 188 of the
Act and Rule 8(2) of the Companies (Accounts) Rules, 2014.

The Policy on Materiality of Related Party Transactions and dealing with Related Party
Transactions as approved by the Board is available on the Company's website and can be
accessed at http://bit.lv/47uIRrs.

There were no materially significant related party transactions which could have
potential conflict with interest of the Company at large.

Members may refer to Note. 35 of the Standalone Financial Statement which sets out
Related Party Disclosures pursuant to Ind AS.


CORPORATE SOCIAL RESPONSIBILITY


The Corporate Social Responsibility ("CSR") Committee's prime responsibility
is to assist the Board in discharging its social responsibilities by way of formulating
and monitoring implementation of the objectives set out in the 'Corporate Social
Responsibility Policy' ("CSR Policy"). The CSR Policy of the Company, inter
alia, covers CSR vision and objective and also provides for governance, implementation,
monitoring and reporting framework.

The CSR Policy may be accessed on the Company's website at http://bit.ly/4mx9iB7.

In terms of the CSR Policy, the focus areas of engagement shall be eradicating hunger,
poverty and malnutrition, promoting preventive healthcare, education, rural areas
development, gender equality, empowerment of women, environmental sustainability and
protection of national heritage, art and culture and other need-based initiatives.

During the year under review, the Company has spent '24.59 Million i.e. 2% of the
average net profit of the immediately preceding three financial years towards identified
and approved CSR initiatives covered under Schedule VII to the Act, through implementing
agencies.

The Annual Report on CSR activities as stipulated under the Companies (Corporate Social
Responsibility Policy) Rules, 2014 is annexed herewith and marked as Annexure 3 to
this Report.


RISK MANAGEMENT


The Company operates in a highly regulated, competitive and rapidly evolving
environment, providing great opportunities while also exposing the Company to underlying
risks that have the potential to impact our ability to achieve our strategic objectives.
As an industry leader, the Company identify and adopt the highest standards and practices
in risk management and compliance in order to establish a robust and proactive approach to
the effective mitigation and management of all significant risks to our business.

This year, the Company continued to integrate risk management activities into the
fabric of our organization and its strategic decision-making process. The Board members
understand their responsibility and accountability for risk management and has committed
and adopted a framework for effectively managing business risks in a proactive and
efficient way that helps in achieving Company business and strategic objective.
Accordingly, the Company has defined and communicated risk governance activities at all
levels, which our management and employees undertake as part of their job routine.

The Company has formalised internal Enterprise Risk Management Team (ERMT), which
includes Chief Risk Officer along with CXOs, with an objective to proactively discuss
changes in risk profiles, scan risk environments and assess the progress on mitigation
plans by conducting periodical meetings for Risk management team assessments / feedback.
The consolidated risk reports are tabled at the Risk Management Committee.


INTERNAL FINANCIAL CONTROLS


The Company has adequate internal financial controls commensurate with the size of the
business and nature of its operations, designed to provide reasonable assurance with
regard to the accuracy and completeness of the accounting records and timely preparation
and provision of reliable financial statements.

The internal financial controls have been embedded in the business processes. Assurance
on the effectiveness of internal financial controls is obtained through management reviews
and continuous monitoring by functional head.

The Audit Committee quarterly reviews adequacy and effectiveness of Company's Internal
Controls and monitors the implementation of audit recommendations, if any.


DIRECTORS AND KEY MANAGERIAL PERSONNEL


In accordance with the provisions of the Act and the Articles of Association of the
Company, Mr. Tavinderjit Singh Panesar (DIN: 09099802), Director of the Company, retires
by rotation at the ensuing AGM and being eligible, offers himself for reappointment.

Mr. Falgun Shah and Mr. Kunal Chandra, Independent Directors of the Company, ceased to
be Directors of the Company upon completion of their second term with effect from
September 28, 2024. The Board placed on record its heartiest gratitude and sincere
appreciation for the valuable contribution and guidance provided by Mr. Falgun Shah and
Mr. Kunal Chandra, during their association as an Independent Director of the Company.

The Board of Directors based on the recommendation of the Nomination and Remuneration
Committee ("NRC"), recommended the appointment of Mr. Dhiren Dalal (DIN:
01218886) and Mr. Sunil Sanghvi (DIN: 10690982) as Independent Directors of the Company
for a term of 3 (three) consecutive years w.e.f. September 28, 2024 and the shareholders
of the Company approved their appointments at the 18th Annual General Meeting held on
September 27, 2024. The tenure of Mr. Dhiren Dalal and Mr. Sunil Sanghvi as Independent
Directors of the Company are up to September 27, 2027.

The Board of Directors based on the recommendation of the NRC, recommended the
re-appointment of Mrs. Divya Momaya (DIN: 00365757) as an Independent Director of the
Company for a term of 3 (three) consecutive years w.e.f September 28, 2024 and the
shareholders of the Company approved her re-appointment at the 18th Annual General Meeting
held on September 27, 2024. The tenure of Mrs. Divya Momaya as Independent Director of the
Company is up to September 27, 2027.

In the opinion of the Board of Directors, Mr. Dhiren Dalal, Mr. Sunil Sanghvi and Mrs.
Divya Momaya possess appropriate skills, experience, knowledge and capabilities required
for the role of Independent Directors.

The Board of Directors based on the recommendation of the NRC, recommended
re-appointment of Mr. Amit Shah (DIN: 02450422) as Whole Time Director of the Company and
the shareholders of the Company approved his re-appointment at the 18th Annual General
Meeting held on September 27, 2024. The tenure of Mr. Amit Shah as Whole Time Director of
the Company is up to September 27, 2027.

The Board of Directors based on the recommendation of the NRC appointed Ms. Shweta
Sultania (Membership No: A22290) as Company Secretary & Compliance Officer (Key
Managerial Personnel) of the Company w.e.f. July 01, 2024.

Save and except aforementioned, there were no other changes in the Board of Directors
and Key Managerial Personnel of the Company.

The Company has received declarations from all Independent Directors of the Company
confirming that:

i. they meet the criteria of independence prescribed under the Act and the SEBI Listing
Regulations; and

ii. they have registered their names in the Independent Directors' Databank.

The Company has devised the Nomination and Remuneration Policy, which is available on
the Company's website and can be accessed at http://bit.lv/3JrovkJ.

The Policy sets out the guiding principles for the NRC for identifying persons who are
qualified to become Directors and to determine the independence of Directors, while
considering their appointment as Independent Directors of the Company. The Policy also
provides for the factors in evaluating the suitability of individual Board members with
diverse background and experience that are relevant for the Company's operations.

The Policy also sets out the guiding principles for the NRC for recommending to the
Board the remuneration of the Directors, Key Managerial Personnel and other employees of
the Company.

There has been no change in the aforesaid policy during the year.


PERFORMANCE EVALUATION


The Company has a policy for performance evaluation of the Board, Committees and other
Individual Directors (including Independent Directors) which includes criteria for
performance evaluation of Non-Executive Directors and Executive Directors.

Pursuant to the provisions of Section 178 of the Act read with Regulation 17 and 19 of
the SEBI Listing Regulations, the NRC has carried out annual performance evaluation of
Board of Directors, its Committees and the individual directors. Further, pursuant to the
provisions of Section 178 read with Schedule IV of the Act and Regulation 17(10) of the
SEBI Listing Regulations, the Board of Directors have carried out the evaluation of the
Independent Directors and fulfilment of the independence criteria of the Independent
Directors as specified under Section 149(6) of the Act and Regulation 25(8) of the SEBI
Listing Regulations. The Independent Directors has carried out annual performance
evaluation of the Chairman, the Non Independent Directors and the Board as a whole.


AUDITORS AND AUDITORS' REPORT 

(I) Statutory Auditors


M/s. Deloitte Haskins & Sells, Chartered Accountants (Firm Registration No.
117365W) were appointed as the Statutory Auditors of the Company for a term of 5 (Five)
consecutive years at the 16th Annual General Meeting held on June 10, 2022 to hold the
office from the conclusion of 16th Annual General Meeting till the conclusion of 21st
Annual General Meeting of the Company. The Auditors have confirmed that they are not
disqualified from continuing as Auditors of the Company.

The Auditors' Report does not contain any qualification, reservation, adverse remark or
disclaimer. The Notes on Financial Statement referred to in the Statutory Auditors' Report
are self-explanatory and do not call for any further comments.


(Ii) Secretarial Auditors


The Board of Directors of the Company had appointed M/s. Chirag Shah & Associates,
Practicing Company Secretaries (Firm Registration No. P2000GJ069200), to conduct
Secretarial Audit of the Company for the FY 2024-25. The Secretarial Audit Report for the
financial year ended March 31, 2025 is annexed herewith and marked as Annexure 4 to
this Report. The Secretarial Audit Report does not contain any qualification, reservation,
adverse remark or disclaimer.

In accordance with the recent amendments to the SEBI Listing Regulations, the Board of
Directors has recommended to the members for their approval, the appointment of M/s.
Chirag Shah & Associates, Practicing Company Secretaries (Firm Registration No.
P2000GJ069200), as the Secretarial Auditors of the Company, for a term of 5 (five)
consecutive financial years, commencing from the financial year 2025-26 to the financial
year 2029-30.


(Iii) Cost Auditors


The Board of Directors of the Company has appointed M/s. Rajendra Patel &
Associates, Cost Accountant as the Cost Auditor to conduct audit of the cost records of
the Company for the FY 2025-26 under Section 148 of the Act read with the Companies (Cost
Records and Audit) Rules, 2014.

In accordance with the provisions of the Act, read with the Companies (Cost Records and
Audit) Rules, 2014, the Company has maintained cost accounts and records.


DISCLOSURES Meetings of the Board


7 (Seven) Meetings of the Board Meetings were held during the financial year ended on
March 31, 2025. The particulars of the meetings held and attended by each Director are
detailed in the Corporate Governance Report forming part of the Annual Report.


Audit Committee


During the year under review, Mr. Falgun Shah and Mr. Kunal Chandra, Independent
Directors of the Company, ceased to be Directors of the Company upon completion of their
second term with effect from September 28, 2024 and consequently ceased to be members of
the Audit Committee. The Audit Committee presently comprises Mr. Sunil Sanghvi as a
Chairman, Mr. Ajay Singh, Mr. Amit Shah, Mr. Rajendra Hingwala, Mrs. Divya Momaya and Mr.
Dhiren Dalal as members. All the recommendations made by the Audit Committee were accepted
by the Board.


Corporate Social Responsibility Committee ("CSR")


The CSR Committee comprises of Mrs. Divya Momaya as a Chairperson, Mr. Ajay Singh, Mr.
Amit Shah and Mr. Tavinderjit Singh Panesar as members.


Nomination and Remuneration Committee ("NRC")


During the year under review, Mr. Falgun Shah and Mr. Kunal Chandra, Independent
Directors of the Company, ceased to be Directors of the Company upon completion of their
second term with effect from September 28, 2024 and consequently ceased to be members of
the NRC. The NRC presently comprises Mr. Dhiren Dalal as a Chairman, Mr. Ajay Singh, Mrs.
Divya Momaya and Mr. Sunil Sanghvi as members. Stakeholders Relationship Committee The
Stakeholders Relationship Committee comprises Mrs. Divya Momaya as a Chairperson, Mr. Ajay
Singh, Mr. Anirudhsinh Jadeja and Mr. Tavinderjit Singh Panesar as members.


Risk Management Committee


During the year under review, Mr. Falgun Shah, Independent Director of the Company,
ceased to be Director of the Company upon completion of his second term with effect from
September 28, 2024 and consequently ceased to be a member of the Risk Management
Committee. The Risk Management Committee presently comprises Mr. Sunil Sanghvi as a
Chairman, Mr. Ajay Singh, Mr. Anirudhsinh Jadeja and Mr. Tavinderjit Singh Panesar as
members.

The details of the dates of the meetings, attendance and terms of reference of each of
the Committees are disclosed in the Corporate Governance Report, which forms part of the
Annual Report.


VIGIL MECHANISM


The Company promotes ethical behaviour in all its business activities. Towards this,
the Company has adopted a Policy on Vigil Mechanism policy. Protected disclosures can be
made by a whistle blower through an e-mail or a letter to the Compliance Officer or to the
Chairman of the Audit Committee. The Audit Committee also reviews complaints/issues (if
any) raised through Vigil Mechanism or by any Whistle blower on a quarterly basis.

The Vigil Mechanism Policy can be accessed on the Company's website at
http://bit.lv/46MNKMt.

During the year under review, no protected disclosure concerning any reportable matter
in accordance with the Vigil Mechanism of the Company was received by the Company.


PARTICULARS OF LOANS GIVEN, INVESTMENTS MADE AND GUARANTEES GIVEN


Particulars of loans given, investments made and guarantees given under the provisions
of the Section 186 of the Act during the year are provided in the Standalone Financial
Statement (Please refer Note 3, 4, 11, 35 and 41 to the Standalone Financial Statement).


PREVENTION OF SEXUAL HARASSMENT AT WORKPLACE


In accordance with the requirements of the Sexual Harassment of Women at Workplace
(Prevention, Prohibition & Redressal) Act, 2013 ("POSH Act") and Rules made
thereunder, the Company has formed Internal Committee for various workplaces to address
complaints pertaining to sexual harassment in accordance with the POSH Act. The Company
has a policy for prevention of Sexual Harassment, which ensures a free and fair enquiry
process with clear timelines for resolution. There were no cases/complaints filed during
the year under POSH Act.


CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION AND FOREIGN EXCHANGE EARNINGS AND OUTGO


The particulars relating to conservation of energy, technology absorption, foreign
exchange earnings and outgo, as required to be disclosed under the Act, are provided in Annexure
5 to this Report.


ANNUAL RETURN


As required under Section 134(3) (a) of the Act, the Annual Return of the Company as on
March 31, 2025 is available on the Company's website and can be accessed at
http://bit.ly/4muBbty.


PARTICULARS OF EMPLOYEES AND RELATED DISCLOSURES


In terms of the provisions of Section 197(12) of the Act read with Rules 5(2) and 5(3)
of the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014, a
statement showing the names of Top ten employees in terms of remuneration drawn and the
names and other particulars of the employees drawing remuneration in excess of the limits
set out in the said rules, forms part of this Report.

Disclosures relating to remuneration and other details as required under Section
197(12) of the Act read with Rule 5(1) of the Companies (Appointment and Remuneration of
Managerial Personnel) Rules, 2014 forms part of this Report.

Having regard to the provisions of the second proviso to Section 136(1) of the Act and
as advised, the Annual Report excluding the aforesaid information is being sent to the
members of the Company. Any member interested in obtaining such information may write to
the Company on email id complianceofficer@gtpl.net.


GENERAL


The Board of Directors state that no disclosure or reporting is required in respect of
the following matters as there were no transactions or applicability pertaining to these
matters during the year under review:

i) Details relating to deposits covered under Chapter V of the Act.

ii) Issue of equity shares with differential rights as to dividend, voting or
otherwise.

iii) Issue of shares (including sweat equity shares and Employees' Stock Options
Schemes) to employees or directors of the Company under any scheme.

iv) Significant or material orders passed by the Regulators or Courts or Tribunals
which impact the going concern status and Company's operations in future.

v) Fraud reported by the Auditors to the Audit Committee or the Board of Directors of
the Company.

vi) Scheme of provision of money for the purchase of its own shares by employees or by
trustees for the benefit of employees.

vii) Payment of remuneration or commission from any of the subsidiary companies to the
Managing Director or Wholetime Director of the Company.

viii) Change in the nature of business of the Company.

ix) Issue of debentures / bonds / warrants / any other convertible securities.

x) Details of any application filed for corporate insolvency under Corporate Insolvency
Resolution Process under the Insolvency and Bankruptcy Code, 2016.

xi) Instance of one-time settlement with any Bank or Financial Institution.

xii) Statement of deviation or variation in connection with preferential issue.


HEALTH, SAFETY AND ENVIRONMENT


The Company is committed in cultivating a proactive safety culture. We have implemented
work safety measures and standards to ensure healthy and safe working conditions for all
the employees, visitors and customers. The Company has complied with all the applicable
health, safety and environmental protection laws to the extent applicable.


TALENT ENGAGEMENT & DEVELOPMENT


The Company believes in promoting enabling work culture that allows talent to develop,
lead and participates in the growth of the organisation.

We continue to focus on strengthening the talent pool to meet the present and future
growth plans by deploying various frameworks and IT enabled applications. With expanding
footprints in multiple states, the leadership navigates the change management and embraces
them to integrate by engaging various stakeholders.

The Company aims at launching initiatives to enhance talent engagement and introducing
robust leadership development plans.


ACKNOWLEDGEMENT


The Board of Directors wish to place on record its deep sense of appreciation for the
committed services by all the employees of the Company. The Board of Directors would also
like to express their sincere appreciation for the assistance and co-operation received
from the financial institutions, banks, government and regulatory authorities, stock
exchanges, customers, vendors and members during the year under review.


  

    

    
For & on behalf of the Board of Directors
    

  
  

    
Place: Ahmedabad
    
Ajay Singh
    
Anirudhsinh Jadeja
  
  

    
Date: April 16, 2025
    
Chairman
    
Managing Director
  
  

    

    
DIN: 06899567
    
DIN: 00461390