GEL/SEC/2026/1585 24th June, 2026

Scheme Background and Effective Date

The Composite Scheme of Amalgamation and Arrangement involved:

  • Transferor Companies: Gujarat State Petroleum Corporation Limited (GSPC), Gujarat State Petronet Limited (GSPL), and GSPC Energy Limited (GSPC Energy)
  • Transferee/Demerged Company: Gujarat Gas Limited (Now Gujarat Energy Limited) (GEL)
  • Resulting Company: GSPL Transmission Limited (GTL)

The Scheme was sanctioned by the Hon'ble Ministry of Corporate Affairs (MCA), New Delhi, vide its Order dated 8th April 2026 (received on 17th April 2026). The Scheme became effective from 1st May 2026.

Share Exchange Ratios and Eligibility

Shareholders of GSPC and GSPL whose names appeared in the register of members as on the Record Date of Tuesday, 12th May 2026 were eligible for fully paid-up equity shares of face value of ₹2 each of Gujarat Energy Limited:

  • GSPC Share Exchange Ratio: 10 equity shares of GEL (₹2 face value) for every 305 equity shares of GSPC (₹1 face value)
  • GSPL Share Exchange Ratio: 10 equity shares of GEL (₹2 face value) for every 13 equity shares of GSPL (₹10 face value)

Share Allotment Details

The Board of Directors of the Company approved the allotment on 16th May 2026 of 62,27,14,719 (Sixty-Two Crores Twenty-Seven Lacs Fourteen Thousand Seven Hundred and Nineteen) equity shares of ₹2 each to shareholders of GSPC and GSPL:

  • GSPC Shareholders: 35,20,17,714 equity shares
  • GSPL Shareholders: 27,06,97,005 equity shares

Fractional Share Treatment

As per the Master Circular on Scheme of Arrangement and clauses 12.5 and 28.4 of the Scheme, fractional entitlements were consolidated and credited directly to IDBI Trusteeship Services Limited, appointed by the Company as a Trust. The Trust will dispose of these shares on the Stock Exchange(s) at prevailing market prices and distribute the net sale proceeds pro-rata among eligible shareholders entitled to such fractional entitlements.

Listing and Trading

The equity shares allotted pursuant to the Scheme have been listed and admitted for trading on both the National Stock Exchange of India Ltd (NSE) and BSE Limited (BSE) with effect from 18th June 2026.

Shareholder Contact Information

For questions or clarifications, shareholders are directed to contact the Company's Registrar and Transfer Agent: KFin Technologies Limited (Unit: Gujarat Energy Limited) at Selenium Building, Tower-B, Plot No 31 & 32, Financial District, Nanakramguda, Serilingampally, Hyderabad, Rangareddy, Telangana, India - 500 032. Email: einward.ris@kfintech.com, Toll Free: 1800-309-4001.