GSPL informs the exchange about the Scrutinizer''s Report for its meeting of Equity Shareholders held on 17th October, 2025
Awaiting price reaction for this filing.
GSPL held a court-convened meeting of equity shareholders on 17 October 2025, directed by the Ministry of Corporate Affairs, to vote on a composite scheme of amalgamation and arrangement involving five companies: GSPC, GSPL, GSPC Energy (GEL), Gujarat Gas (GGL), and GSPL Transmission (GTL). Under the scheme, GSPL is a Transferor Company, GGL is the Transferee/Demerged Company, and GTL is the new Resulting Company. Of 564.21 million total shares, 493.64 million were polled (87.49% participation), and 99.9992% of votes cast were in favour of the resolution, with only 3,964 shares voted against. Public shareholders also voted 99.99% in favour, and the resolution was declared passed with the requisite three-fourths majority under Section 230(6) of the Companies Act, 2013.
This is a significant procedural milestone in the corporate restructuring of the GSPC group. With shareholder approval secured, the scheme will now move to final sanction by the MCA/NCLT. If approved, GSPL's business will be split — parts merging into GGL and parts transferred to the new entity GTL — which will materially reshape the company's structure and its shareholders' holdings.