Gujarat Gas Limited has informed the Exchange regarding a press release dated May 01, 2026, titled "GSPC Group's Scheme of Arrangement takes effect".
GUJGASLTD · price
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Gujarat Gas Limited announced that the GSPC Group's Scheme of Arrangement has become effective from May 1, 2026. Under this mega restructuring, Gujarat State Petroleum Corporation (GSPC) and Gujarat State Petronet Limited (GSPL) will be merged into GGL, making it an integrated energy company with Gas Trading, Exploration & Production, and Wind Power Generation businesses. Simultaneously, the gas transmission business has been demerged into GTL (GSPL Transmission Limited), which will be listed on BSE and NSE. GGL will be renamed Gujarat Energy Limited shortly. The share exchange ratio for GSPC shareholders is 10 shares of GGL for every 305 GSPC shares held, while GSPL shareholders will receive 10 GGL shares for every 13 GSPL shares. GGL shareholders will receive 1 GTL share for every 3 GGL shares held. Record date for allotment is May 12, 2026. Post-restructuring, Government of Gujarat will hold approximately 56% in both listed entities.
This is a significant corporate restructuring creating an integrated energy company and a pure-play gas transmission entity. GGL shareholders will receive GTL shares as part of the demerger, while GSPC and GSPL shareholders will receive GGL shares. The focused structure aims to unlock value and create operational synergies.