GUJENERGY · 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 announcing the fixation of record dates for shareholders of Gujarat State Petroleum Corporation Limited (GSPC) and Gujarat State Petronet Limited (GSPL) under a Composite Scheme of Amalgamation and Arrangement. The scheme involves: (1) amalgamation of GSPC, GSPL, and GSPC Energy Limited (GEL) into Gujarat Gas Limited (GGL), and (2) subsequent demerger of the gas transmission business from GGL into GSPL Transmission Limited (GTL). The scheme became effective from April 30, 2026. Record Date 1 for GSPC shareholders is May 21, 2026, and Record Date 2 for GSPL shareholders is May 22, 2026. Share exchange ratio is 10 GGL shares for every 1 GSPC share, and 10 GGL shares for every 1 GSPL share. Equity shares of GSPC and GSPL will be cancelled from May 12, 2026.
This is a significant corporate restructuring creating a consolidated energy entity. GSPC and GSPL shareholders will receive GGL shares based on the exchange ratio. The demerger separates the gas transmission business into a distinct listed entity (GTL), which may impact how investors value the different business segments going forward.