Gujarat Gas Limited has informed the Exchange about Copy of Newspaper Publication
GUJGASLTD · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Gujarat Gas Limited has published a public notice informing shareholders of Gujarat State Petroleum Corporation Limited (GSPC) and Gujarat State Petronet Limited (GSPL) about the fixation of record dates under the Composite Scheme of Amalgamation and Arrangement. The Ministry of Corporate Affairs NCLT order dated March 2026 approved the merger/amalgamation scheme. The Record Date for GSPC shareholders is fixed as May 21, 2026. Under the swap ratio, GSPC shareholders will receive 1 equity share of GGL for every 10 equity shares of GSPC held (Rs 2/- paid up), while GSPL shareholders will receive 3 equity shares of GGL for every 10 shares held (Rs 10/- paid up). The scheme is effective from June 5, 2026, and the equity shares of GSPC and GSPL will be delisted from stock exchanges from May 12, 2026.
Shareholders of GSPC and GSPL will receive GGL shares according to the swap ratio, resulting in consolidation of the gas sector entities under Gujarat Gas Limited. Existing GGL shareholders will see dilution as new shares are issued. The restructuring combines gas transmission and distribution businesses under a unified entity.