GAIL (India) Limited — Audit Report / Information 2022

Aug 26, 2021

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� (���,) fclnle.'5 (1%'1 fR<!iR cf>T � - � �) GAIL (India) Limited

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� �-110066, � GAIL BHAWAN,

76 BHIKAIJI CAMA PLACE NEW DELHl-110066, INDIA -q,r;,/ PHONE: +91 11 26182955 i:licrn/FAX: +9111 26185941 t-�/E-mail: info@gail.co.in

(A Government of India Undertaking -A Maharatna Company)

ND/GAIL/SECTT/2021

26.08.2021

• ' 1. Listing Compliance j[2. Listing Compliance ] j National Stock Exchange of India Limited ' BSE Limited ! Exchange Plaza, 5th Floor, Floor I, Phiroze Jeejeebhoy Towers, ! Plot No. C/1, G Block, Bandra-Kurla Dalal Street, j Complex, Mumbai - 40000 I ! Bandra (East), Mumbai - 400051 !

• ! _[Scri] p [Code:] [GA] I[L] -[E] Q _________ �---------[Scri] p[Code:] _ 53[21] 55 -----------------------------------[j ]

S[ub.: Appointment of Joint ] S[tatutory Auditor(s) for FY 2021-22 ]

Dear Sir/Madam,

This is to inform that the Comptroller & Auditor General of India (CAG) vide its letter No./CA.V/COY/CENTRAL GOVERNMENT, GAIL (2)/425 dated 19/08/2021 appointed Mis AR & Co. and Mis Gandhi Minocha & Co., Chartered Accountants, New Delhi as Joint Statutory Auditors of the Company for the FY 2021-22 (copy of letter enclosed).

The information pertaining to the Joint Statutory Auditors is as under:

1. Brief Profile of Mis AR & Co, Chartered Accountants, New Delhi: Mis A.R. & Co., Chartered Accountants was established in 1981 having an experience of more than 39 years. The firm has a good experience in the field of large government audits. Since last 2 years they have been the central statutory auditor of GAIL (India) Limited.

2. Brief Profile of Mis Gandhi Minocha & Co., Chartered Accountants, New Delhi:

• Mis Gandhi Minocha & Co., Chartered Accountants, was established in 1975 having an experience of more than 45 years. The firm has a good experience in the field of statutory audits, tax audits & income tax matters of Boards, Corporations and Companies. They have been Central Statutory auditors of Power Finance Corporation Ltd., BHEL, State Bank Credit Cards Payments & Services Pvt. Ltd., MTNL, BSNL, NSIC, NHPC, Haryana Warehousing Corporation etc.

L40200DL1984GOl018976

www.gailonline.com

This is in compliance of Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Thanking you, Yours faithfully,

�L (A.K. Jha) Company Secretary

Copy to:

• I. Deutsche Bank Trust Company Americas Global Equity Services Corporate Trust & Agency Services Kodak House, I[st ] Floor, 222 Dr. D N Road MUMBAI - 40000 I

Encl: As above.

OFFICE OF THE CO.\IPTROLLER A_\D Al'DlTOR Gf.\ER..L OF L\DL-\ 10. B.-\HADL"R SH.-\H ZAFAR .\IARG. NE'v\i DELHI - 110 l�-t

io./CA. V/ COY/CENTRAL GOVERN.1ENT,GAIL(2)/425 Dated : l 9,'08/202 l

To THE MANAGING DlRECTOR GAIL (INDIA) LIMITED 16, BHIKAIJI CAMA PLACE, R K PURAM. NEW DELHI-110066

Subject: Appointment of Auditors under section 139 of the Companies Act, 2013 for the financial year 2021-2022

Sir/Madam,

I am directed to state that in exercise of the powers conferred by section 139 of the Companies Act 2013, the Comptroller and Auditor General of India is pleased to appoint the Chartered Accountant firms/Limited Liability Partnerships As 12er Annexure - II as the Statutory/Joint Statutory/ Branch Auditors of the company for the year(s) : 2021-2022. Statutory/Joint Statutory Auditor (s) of holding company shall also be the auditors of Consolidated Financial Statements under section 139 read with section 129(4) of the Companies Act, 2013.

1. You are requested to contact the concerned auditors individually under intimation to this office

2. The supplementary/test audit under sections 143 (6) & (7) of the Companies Act 2013 of your company is entrusted to

PR1NCIPAL DIRECTOR OF AUDIT (ENERGY)

4th & 5th FLOOR, ANNEXE BLDG I 0, BAHADUR SHAH MARG

NEW DELHI-110124

4 . The remuneration and other allowances payable to the auditors may be regulated as per the provisions of section 142 of the Companies Act 2013 read with guidelines issued by the Department of Company Affairs vide no. 7/76 dated 8th April, 1976 and no. 8/6/83 dated 07th June, 1984.

1. The audit fees paid/payable to the auditors as intimated by the Company has been indicated in Annexure­ Il. Any revision in the audit fees payable (including f s for consolidation) for the year 2021-2022 and item­ wise details of all remuneration paid to the auditors for other services ( other than statutory audit) alongwith the amount of TA/DA paid for 2020-2021 may be intimated.

The said infonnation may be provided as soon as the Accounts for the year 2020-2021 is finalised so as to enable this office to review the appointment/ re-appointment of the appointed auditors.

1. The above appointment is subject to the other conditions stipulated in Annexure-1( available on the CAG's website http://care.cag.gov.in/policy/tenns.pdt).

Yours faithfully, -l,u.A ...=3� ( Raj Kumar) Sr. Administrative Officer

Phone: 011-23509240 Fax: 91-11-23237730. 91-11-23509241 E-mail: saoca5@cag.gov.in, sao2ca5@cag.gov. in

I l A?\NEXURE -

LIST OF CHARTERED ACCOUNTANT FIRMS FOR THE YEAR 2021-2022

.---------- ------------�------- jPSl ;Code t il'nit iCode jSrnrion ' ' .!..,.. !"t ;'\o. f irm:'i:ime	iFees per annum in Rs : (As iutirnated bv the fPSl; '- , l.......
!STATUTORY AUDITOR
--··....... -.".
!A R&CO j(CR3997 1A 403 GAYATRI APARTMENT S I PLO T NO 27 , SECTOR I 0 i AIRLINE S GROUP HOLSING SOCIETY iNEWDELHI !NEW DELHI· 110075,DELHl r= l ����ti-�1INOCHA &co IB-6, 2 ISHAKTI NAGAR EXTEN SION NEAR LAXMI BAI COLLEGE DELHI NEW DELHI - 110052,DELHI GAIL NOLI (3) i INEW STATUTORY /DELHI AUDITORS. J G T A S I TL"'NE:�lATUTORY � DELHI AUDITORS. (I) i -- - -	3600000 , 13600000 II

Any change/revision in the audit fee payable to each of the auditor (s) mentioned above should be immediately intimated to this office for record and reference as the selection of auditors is based on the audit fees paid/payable.