Gujarat State Petronet Limited has informed the Exchange that Record date for the purpose of Determining the shareholders of GSPL who shall be issued and allotted Equity Shares of GGL is 12-May-2026.
Awaiting price reaction for this filing.
Gujarat State Petronet Limited (GSPL) has fixed 12 May 2026 as the Record Date for its Composite Scheme of Arrangement. Under this scheme, GSPL shareholders will receive 10 equity shares of Gujarat Gas Limited (GGL) for every 13 shares held in GSPL. A total of 27,06,97,005 GGL equity shares will be allotted to GSPL shareholders. The scheme, sanctioned by the Ministry of Corporate Affairs on 8 April 2026, is effective from 1 May 2026. Post the Record Date, GSPL shares will stop trading on BSE and NSE exchanges.
GSPL shareholders will receive GGL shares as compensation, with the demerger effectively transferring GSPL's business into GGL. GSPL will cease to be listed after the Record Date, so existing shareholders should anticipate receiving GGL shares in their demat accounts.