Proceedings of the Meeting of Equity Shareholders of GSPL as per the order of Hon''ble MCA held on 17th October, 2025 at 04:00 P.M.
Awaiting price reaction for this filing.
Gujarat State Petronet Limited (GSPL) held a meeting of its equity shareholders on 17 October 2025 at 4:00 PM via video conferencing, as directed by the Ministry of Corporate Affairs (MCA) through an order dated 10 September 2025. The purpose was to consider and approve a Composite Scheme of Amalgamation and Arrangement involving five group companies: Gujarat State Petroleum Corporation (GSPC), GSPL, GSPC Energy Limited (GEL), Gujarat Gas Limited (GGL), and GSPL Transmission Limited (GTL), under Sections 230-232 of the Companies Act, 2013. The meeting was chaired by CMD Shri Pankaj Joshi, IAS, with the requisite quorum present throughout. The resolution for approval of the scheme was proposed and put to vote, after which the meeting concluded at 4:45 PM with e-voting kept open for an additional 15 minutes for members to cast their votes.
This is a key procedural step in a major group-level corporate restructuring within the Gujarat state gas and energy portfolio. Approval by GSPL shareholders moves the composite amalgamation and demerger scheme closer to final implementation, which could reshape the shareholding and business structure of the involved entities. Shareholders should watch for the voting results and subsequent NCLT/MCA approvals.