Gujarat State Petronet Limited has informed the Exchange about Receipt of Final Order today from the Hon'ble Ministry of Corporate Affairs, New Delhi sanctioning the Composite Scheme of Arrangement.
Awaiting price reaction for this filing.
The Ministry of Corporate Affairs has approved a composite scheme involving multiple Gujarat state-owned energy companies. Under the scheme, Gujarat State Petroleum Corporation (GSPC), Gujarat State Petronet (GSPL), and GSPC Energy Limited will all amalgamate into Gujarat Gas Limited (GGL). Additionally, the gas transmission business will be demerged from GGL into a new entity called GSPL Transmission Limited. Share exchange ratios have been announced: GSPL shareholders will receive 10 GGL shares for every 13 GSPL shares held, while GSPC shareholders get 10 GGL shares for every 305 GSPC shares. GGL shareholders will receive 1 GTL share for every 3 GGL shares held. The scheme was approved by equity shareholders across the companies in October 2025.
GSPL and GGL shareholders will receive shares in the consolidated entity, with the gas transmission business being separated into a new listed entity. This restructuring simplifies the Gujarat state energy group structure and may create value through operational synergies.