GAIL (India) Limited has submitted a regulatory disclosure regarding its subsidiary Konkan LNG Limited (KLL).
Key Details of the Scheme
Konkan LNG Limited filed a Scheme for Reduction of Equity Share Capital before the Hon'ble NCLT during June 2025. The scheme specifically involved the reduction of KLL's existing equity share capital through cancellation and extinguishment of 14,81,10,440 (14.81 crore) equity shares. These shares formed part of the issued, subscribed, and paid-up equity share capital of KLL.
Shareholding Pattern Before Reduction
The shares cancelled comprised:
- 7,40,55,220 equity shares of ₹10 each held by GAIL (India) Limited
- 7,40,55,220 equity shares of ₹10 each held by MSEB Holding Company Limited
NCLT Order and Implementation
The Hon'ble NCLT sanctioned this scheme vide its order dated 3rd June 2026. A certified true copy of the order was received by the company on 10th June 2026.
Post-Reduction Ownership Structure
Consequent upon the implementation of the scheme:
- The shareholding of MSEB Holding Company Limited in Konkan LNG Limited shall stand reduced to Nil
- GAIL's shareholding in Konkan LNG Limited will increase to 100% of the equity share capital
Additional Recipients
A copy of this disclosure was also sent to:
1. Deutsche Bank AG at The Capital, 14th Floor, C-70, G Block, Bandra Kurla Complex, Mumbai - 400051
2. Beacon Trusteeship Limited at 4C and D Siddhivinayak Chambers, Gandhi Nagar, Opposite MIG Cricket club, Bandra East, Mumbai - 400051