Gujarat Gas gets MCA final order for composite scheme of arrangement

Demerger ratio announcedCore business divestedScheme filed with the NCLTStrategic Transactions View source PDF Explain this filing

GUJGASLTD · price

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

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

+0.8%Reaction day

₹364.30

prior close

₹366.15

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-0.6%+1.4% vs market

LPG/CNG/PNG/LNG Supplier peers, median of 6sector-1.0%+1.8% vs sector

On the reaction day the stock moved 1.4 pts more than Nifty Microcap 250 and 1.8 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

-0.4

10m

-1.1

15m

-1.2

30m

-1.1

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+0.8-0.6+1.4-1.0+1.8

Next day

+2.9+0.5+2.4+0.0+2.8

+5.0+1.8+3.2+1.8+3.2

+5.9+1.6+4.4+1.0+4.9

+5.4+0.1+5.2-0.0+5.4

+5.4+2.5+2.8+1.9+3.5

+7.3+2.4+4.9+3.3+4.0

15d

+1.2+1.9-0.7-3.1+4.3

+2.9+2.1+0.8-3.2+6.1

+2.4+12.5-10.1+12.9-10.6

-25.2+12.0-37.2+6.7-31.9

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 Gas received MCA's final order on April 8, 2026, sanctioning a composite scheme. GSPC, GSPL, and GSPC Energy will merge into GGL, while GGL's gas transmission business will demerge into GSPL Transmission Ltd (GTL). Swap ratios: 10 GGL shares per 305 GSPC shares; 10 GGL per 13 GSPL; 1 GTL share per 3 GGL shares. Effective dates: Apr 1, 2024 (amalgamation) and Apr 1, 2025 (demerger). Promoter: Govt of Gujarat.

Likely market impact

GGL shareholders get 1 GTL share per 3 GGL shares via demerger of gas transmission business; group restructuring under Govt of Gujarat.