GSPL informs the exchange regarding Outcome of the Board Meeting held Today, i.e., 29th April, 2026
Awaiting price reaction for this filing.
GSPL's Board has noted the MCA order sanctioning the Composite Scheme of Arrangement involving GSPC, GSPL, GEL (Transferor Companies), Gujarat Gas Limited (GGL - Transferee Company), and GSPL Transmission Limited (GTL - Resulting Company). Record Date 2 is fixed for 12th May, 2026. GSPL shareholders will receive 10 equity shares of GGL (face value Rs 2 each) for every 13 GSPL shares held. The Effective Date is likely around 1st May, 2026, when GSPL shares will stop trading on BSE and NSE. The scheme has received MCA approval and is proceeding as planned.
GSPL shareholders will receive GGL shares in lieu of their holdings, effectively exiting GSPL and becoming shareholders of GGL. GSPL will cease to be a listed entity after the Record Date 2. The share exchange ratio of 10:13 values GSPL at approximately 0.77 times GGL.