Key Quantitative Figures

The company seeks approval for material related party transactions with an aggregate value of ₹3,304 crore for FY 2026-27, broken down as follows:

1. With Gujarat Energy Limited (GEL): ₹1,615 crore

2. With Indian Oil Corporation Limited (IOCL): ₹388 crore

3. With Hindustan Petroleum Corporation Limited (HPCL): ₹160 crore

4. With HPCL LNG Limited (HPLNG): ₹210 crore

5. With GSPL India Gasnet Limited (GIGL): ₹471 crore

6. With GSPL India Transco Limited (GITL): ₹180 crore

7. Between GIGL and IOCL: ₹90 crore

8. Between GIGL and Bharat Petroleum Corporation Limited (BPCL): ₹80 crore

9. Between GIGL and HPCL Rajasthan Refinery Limited (HRRL): ₹160 crore

10. Between GIGL and HPCL: ₹70 crore

Dates and Timelines

  • Cut-off date for voting eligibility: Saturday, 7th November 2026
  • Remote e-voting period: Saturday, 14th November 2026 (09:00 AM IST) to Sunday, 13th December 2026 (05:00 PM IST)
  • Result declaration: Within 2 working days from conclusion of e-voting (by 15th December 2026)
  • Deemed passing date: Sunday, 13th December 2026

Parties Involved

  • Scrutinizer: M/s K K Patel & Associates, Practising Company Secretary, Gandhinagar
  • E-voting service provider: Central Depository Services (India) Limited (CDSL)
  • Registrar & Transfer Agent: KFin Technologies Limited
  • Stock Exchanges: BSE Limited and National Stock Exchange of India Limited

Purpose and Rationale

The approval is sought because the aggregate value of these transactions exceeds the materiality threshold of ₹107.04 crore (10% of company's annual consolidated turnover of ₹1,070.41 crore for FY 2025-26) prescribed under Regulation 23 of SEBI Listing Regulations.

Financial and Operational Impact

All transactions are stated to be:

  • In the ordinary course of business
  • On arm's length basis
  • Necessary for operational requirements including gas transmission, purchase/sale of natural gas, pipeline connectivity charges, rental income/expense, and reimbursement of business expenditures

Capital Structure Impact

No direct impact on capital structure disclosed. The transactions are operational in nature.

Governance Approvals

  • Audit Committee approval: Meeting held on 2nd November 2026
  • Board approval: Meeting held on 3rd November 2026
  • Both committees have recommended the transactions for shareholder approval

Voting Arrangements

  • The notice is being sent only through electronic mode to members whose email addresses are registered
  • Physical copies of the notice and ballot form are not being sent
  • Members can vote through CDSL's e-voting platform www.evotingindia.com
  • Institutional/corporate shareholders are encouraged to participate in e-voting

Additional Information

The notice along with explanatory statement is available on:

  • Company website: www.gspltrans.com
  • CDSL website: www.evotingindia.com
  • Stock exchange websites: www.bseindia.com and www.nseindia.com

Material Changes

The company had previously obtained shareholder approval for some of these transactions vide postal ballot dated 16th September 2026, but now seeks revised/modified approval due to increased business volumes requiring higher transaction limits.

#Tags: #GSPLTransmission #RelatedPartyTransactions #SEBIDisclosure #RegulatoryCompliance #FinancialUpdate #Neutral