Please find attached Proceedings of the Meeting of Equity Shareholders of GSPL held on 17th October, 2025 as per the order of Hon''ble MCA
Awaiting price reaction for this filing.
Gujarat State Petronet Ltd held a meeting of equity shareholders on 17 October 2025 at 4:00 PM, as directed by the Ministry of Corporate Affairs (MCA) via an Order dated 10 September 2025. The meeting, conducted via video conferencing, was chaired by CMD Shri Pankaj Joshi (IAS) and considered a Composite Scheme of Amalgamation and Arrangement involving five group companies: Gujarat State Petroleum Corporation (GSPC), GSPL, GSPC Energy (GEL), Gujarat Gas (GGL) and GSPL Transmission (GTL). Under the scheme, GSPC, GSPL and GEL are proposed to be amalgamated into Gujarat Gas, while a portion is to be demerged into the newly formed GSPL Transmission, under Sections 230 to 232 of the Companies Act, 2013. The shareholders were asked to vote on the resolution, with e-voting kept open for 15 minutes after the meeting concluded at 4:45 PM. The scheme had already received observation letters from BSE (4 Feb 2025) and NSE (5 Feb 2025).
This is a major corporate restructuring of the Gujarat state-owned gas value chain, consolidating midstream and city gas businesses under Gujarat Gas while spinning off transmission into a separate entity. Shareholder approval is a key milestone, but final sanction from MCA and other regulators is still required, and the swap/exchange ratio details will determine the actual impact on GSPL shareholders.