Gujarat Gas Limited has informed the Exchange about General Updates - Submission of revised Scheme of Amalgamation and Arrangement pursuant to directions issued by Hon'ble MCA.
GUJGASLTD · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Gujarat Gas Limited has submitted a revised Scheme of Amalgamation and Arrangement to the Ministry of Corporate Affairs (MCA), following directions issued by the Hon'ble MCA. This indicates that the original scheme was reviewed by the regulator, which required modifications before further progress. The company has now complied by filing the updated version of the scheme. The announcement does not specify the counterparty or the swap ratio in this filing.
Shareholders should note that the restructuring plan is still active but has been delayed or altered to address regulatory concerns. The next key milestone will be NCLT approval and disclosure of the final swap/exchange ratio, which will directly affect shareholding value.