Gujarat Gas Limited has informed the Exchange that Record date for the purpose of Composite Scheme of Arrangement is 12-May-2026.
GUJGASLTD · price
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Gujarat Gas Limited has received the MCA order sanctioning the Composite Scheme of Arrangement involving GSPC, GSPL, GSPC Energy Limited, and GSPL Transmission Limited. The company will issue 62,27,14,719 equity shares of INR 2 each to GSPC shareholders (35,20,17,714 shares) and GSPL shareholders (27,06,97,005 shares) as per share 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' upon filing with ROC. Record date is fixed as 12th May 2026, and the effective date is expected around 1st May 2026.
Existing GGL shareholders should note the significant dilution from 62.27 crore new shares being issued, changing the company's capital structure. The name change to Gujarat Energy Limited reflects the broader energy business scope post-restructuring. The record date determines which GSPC and GSPL shareholders receive GGL shares.