Gail India Ltd has informed BSE that the Company is seeking consent of its shareholders through postal ballot as required under Section 192A of the Companies Act, 1956 read with Companies (Passing of the Resolution by Postal Ballot) Rules, 2001 and Section 17 of the Companies Act, 1956 to amend existing clause no. 17 & 20 and to add new clause no. 23 & 24 in the Main Objects Clause of the Memorandum of Association of the Company.
Gail India Ltd has announced the following Audited results for the quarter & year ended March 31, 2008:
The results for the Quarter ended March 31, 2008
The Company has posted a net profit of Rs 7223.80 million for the quarter ended March 31, 2008 as compared to Rs 6807.30 million for the quarter ended March 31, 2007. Total Income has increased from Rs 39963.00 million for the quarter ended March 31, 2007 to Rs 50349.50 million for the quarter ended March 31, 2008.
The results for the Year ended March 31, 2008
The Company has posted a net profit of Rs 26014.60 million for the year ended March 31, 2008 as compared to Rs 23866.70 million for the year ended March 31, 2007. Total Income has increased from Rs 165921.30 million for the year ended March 31, 2007 to Rs 185645.50 million for the year ended March 31, 2008.
The Consolidated results are as follows:
The consolidated results for the Year ended March 31, 2008
The Group has posted a profit of Rs 27829.00 million for the year ended March 31, 2008 as compared to Rs 25453.20 million for the year ended March 31, 2007. Total Income has increased from Rs 171014.10 million for the year ended March 31, 2007 to Rs 194113.60 million for the year ended March 31, 2008.