Announcement of Effective Date of the Scheme of Arrangement

Demerger Ratio AnnouncedNclt Scheme FiledStrategic Transactions View source PDF

GUJENERGY · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

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₹380.95

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₹384.00

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AI summary

Gujarat Gas Limited has announced that its Composite Scheme of Arrangement has become effective from 1st May 2026. The scheme involves amalgamation of three transferor companies—Gujarat State Petroleum Corporation Limited (GSPC), Gujarat State Petronet Limited (GSPL), and GSPC Energy Limited (GEL)—into Gujarat Gas Limited. Additionally, the Gas Transmission Business Undertaking is being demerged into a new Resulting Company called GSPL Transmission Limited. The companies filed the certified court order with the Registrar of Companies in e-Form INC-28 on 1st May 2026, making the scheme effective as per the approved terms.

Likely market impact

Shareholders should note that Gujarat Gas is absorbing three entities while spinning off its gas transmission business into a separate listed entity, which may affect the company's operational scope and shareholder composition.