Gujarat Gas Limited has informed the Exchange regarding Outcome of Board Meeting held on April 29, 2026.
GUJGASLTD · price
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Gujarat Gas Limited's board approved the Composite Scheme of Arrangement involving GSPC, GSPL, and GEL. The company will issue 62.27 crore equity shares of INR 2 each to GSPC and GSPL shareholders as per exchange ratios (10 GGL shares for every 305 GSPC shares and 10 GGL shares for every 13 GSPL shares). The company name will change to 'Gujarat Energy Limited' effective upon ROC filing. Record date is fixed as 12th May 2026, and the scheme is expected to be effective around 1st May 2026. The MCA had sanctioned this scheme vide order dated 8th April 2026.
This restructuring consolidates Gujarat's energy entities under Gujarat Gas/Energy. Shareholders of GSPC and GSPL will receive GGL shares based on the exchange ratios. The stock may see increased volatility around the record date and effective date as new shares enter circulation.