Nature of the Event
GSPL Transmission Limited (GTL) has completed the allotment of equity shares to shareholders of Gujarat Energy Limited (formerly Gujarat Gas Limited) pursuant to a Composite Scheme of Amalgamation and Arrangement approved under Sections 230 to 232 of the Companies Act, 2013.
Key Quantitative Figures
- Number of Equity Shares Allotted: 31,27,43,617 (Thirty-One Crores Twenty-Seven Lakhs Forty-Three Thousand Six Hundred and Seventeen)
- Face Value per Share: ₹10
- Record Date for Eligibility: 2nd July 2026
Dates of Action
- Board Approval Date: 8th July 2026
- Record Date: 2nd July 2026
- Communication Date: 8th July 2026
Parties Involved
- Transferor Companies: Gujarat State Petroleum Corporation Limited (GSPC), Gujarat State Petronet Limited (GSPL), GSPC Energy Limited
- Transferee/Demerged Company: Gujarat Energy Limited (formerly Gujarat Gas Limited)
- Resulting Company: GSPL Transmission Limited (GTL)
- Stock Exchanges: BSE Limited (Scrip Code: 539336) and National Stock Exchange of India Ltd (Scrip Code: GUJENERGY)
Capital Structure Impact
The allotment represents the share exchange ratio prescribed under the Scheme, distributing GTL equity shares to eligible GEL shareholders.
Listing and Trading Arrangements
GSPL Transmission Limited will make necessary applications for listing of these equity shares on both NSE and BSE. The allotted shares shall remain frozen in the depository system until listing/trading permission is granted by the stock exchanges.
Document References
The communication references an earlier communication dated 19th June 2026 regarding the fixation of the Record Date, and includes Annexure I - the formal letter from GTL dated 8th July 2026 confirming the allotment.