GSPL informs the exchange regarding fixation of Record Date 2 by GGL for determining the shareholders of GSPL who shall be issued and allotted the Equity Shares of GGL under the Scheme
Awaiting price reaction for this filing.
Gujarat State Petronet Ltd (GSPL) has announced Record Date 2 as May 12, 2026 for its shareholders to receive equity shares of Gujarat Gas Limited (GGL) under a Composite Scheme of Arrangement. The share exchange ratio is 10 GGL shares for every 13 GSPL shares held. The scheme, which involves GSPC, GSPL, GEL, GGL, and GTL, has been sanctioned by the Ministry of Corporate Affairs. The effective date is expected around May 1, 2026. Following Record Date 2, GSPL shares will cease trading on BSE and NSE, effectively delisting the company.
GSPL shareholders will receive GGL shares in the ratio of 10:13 and should note that GSPL will stop trading post-Record Date 2. This represents a significant restructuring of Gujarat's state-owned gas entities.