Gujarat State Petronet Limited (GSPL) has announced that May 12, 2026, will be the record date for the issue and allotment of equity shares by Gujarat Gas Limited to the shareholders of GSPL. This decision follows the approval of a Composite Scheme of Amalgamation and Arrangement by the Ministry of Corporate Affairs on April 8, 2026.
The scheme involves the amalgamation of Gujarat State Petroleum Corporation Limited, GSPL, and GSPC Energy Limited into Gujarat Gas Limited (GGL) and the demerger of the Gas Transmission Business Undertaking into GSPL Transmission Limited. The board of directors of GGL, in consultation with the boards of GSPC and GSPL, determined the record date to identify shareholders eligible for the allotment of shares.
Under the scheme, Gujarat Gas Limited will issue and allot 10 fully paid-up equity shares of ₹2 each for every 13 fully paid equity shares of ₹10 each held by shareholders of GSPL as recorded on the record date.
Trading in the equity shares of GSPL will be suspended from May 12, 2026, following the close of trading on May 11, 2026, in compliance with regulatory requirements. The new equity shares issued by Gujarat Gas Limited will be listed on stock exchanges, subject to necessary approvals.
Shareholders are advised to direct all correspondence regarding the equity shares to the company’s Registrar and Share Transfer Agent, KFin Technologies Limited, located in Hyderabad, Telangana.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).