Please find enclosed copy of letter sent to the shareholders
Awaiting price reaction for this filing.
Gujarat State Petronet Limited (GSPL) has notified shareholders of a record date (May 12, 2026) under a Composite Scheme of Amalgamation and Arrangement approved by the Hon'ble Ministry of Corporate Affairs on April 8, 2026. The scheme involves: (1) amalgamation of GSPC, GSPL, and GSPC Energy Limited into Gujarat Gas Limited (GGL), and (2) demerger of the Gas Transmission Business into GSPL Transmission Limited (GTL). Under the demerger, GGL will issue 10 fully paid-up equity shares of INR 2 each for every 13 equity shares of INR 10 held in GSPL. Trading in GSPL shares will be suspended from May 11, 2026 closing hours.
GSPL shareholders will receive Gujarat Gas Limited shares as part of the demerger, based on the 10:13 ratio. This is a significant corporate restructuring that will affect the listing status and shareholder value of GSPL.