Board approves reclassification of GSEG from Promoter to Public category

Ownership Changes View source PDF Explain this filing

GUJENERGY · price

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Price reactionminutes from the announcement price · days from the prior close

+0.2%Reaction day

₹274.00

prior close

₹299.45

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.4%-0.2% vs market

LPG/CNG/PNG/LNG Supplier peers, median of 6sector-1.1%+1.3% vs sector

On the reaction day the stock moved 0.2 pts less than Nifty Microcap 250 and 1.3 pts more than its LPG/CNG/PNG/LNG Supplier peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

-6.6

10m

-5.9

15m

-6.8

30m

-6.5

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+0.2+0.4-0.2-1.1+1.3

Next day

+3.9+0.5+3.4-1.4+5.3

+3.6+0.6+3.0-1.4+5.0

+0.9+0.7+0.1-2.1+3.0

-1.5+1.1-2.6-2.7+1.2

-3.1+0.5-3.6-0.9-2.2

-3.9+1.3-5.1-3.3-0.5

15d

-4.2+0.5-4.7-5.0+0.8

-10.8-0.8-9.9-4.1-6.7

-19.0-0.9-18.0-8.3-10.7

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UpDownMarket · Nifty Microcap 250Sector · LPG/CNG/PNG/LNG Supplier peers, median of 6Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Gujarat Energy Limited's board approved Gujarat State Energy Generation Limited's (GSEG) request to reclassify from 'Promoter' to 'Public Shareholder' under SEBI Reg. 31A. The change follows a Scheme of Arrangement where GEL acquired 65.45 percent of GSEG, making it a subsidiary. GSEG holds only 0.14 percent in GEL and has no board representation or control. Shareholder approval is not required as related parties hold under 1 percent voting rights.

Likely market impact

Minor reduction in promoter category due to corporate restructuring. Effective promoter holding in GEL falls by about 0.14 percent. No control implications.