Scheme Background
The disclosure relates to the Composite Scheme of Amalgamation and Arrangement among:
- Gujarat State Petroleum Corporation Limited (GSPC/Transferor Company 1)
- Gujarat State Petronet Limited (GSPL/Transferor Company 2)
- GSPC Energy Limited (GSPC Energy/Transferor Company 3)
- Gujarat Energy Limited (formerly Gujarat Gas Limited) (GEL/Transferee Company/Demerged Company)
- GSPL Transmission Limited (GTL/Resulting Company)
and their respective shareholders. The scheme was implemented under Sections 230 to 232 and other applicable provisions of the Companies Act, 2013.
Share Allotment Details
The company had previously allotted 62,27,14,719 (Sixty-Two Crores Twenty-Seven Lacs Fourteen Thousand Seven Hundred and Nineteen) Equity Shares of INR 2/- each to eligible shareholders of GSPC and GSPL as on the record date of 12th May, 2026, pursuant to the scheme. This was intimated via letter dated 16th May, 2026.
Approval Details
Gujarat Energy Limited received Final Listing and Trading Approval for the aforesaid 62,27,14,719 Equity Shares from:
- National Stock Exchange of India Limited (NSE)
- BSE Limited
Approval was received on 17th June, 2026.
Trading Commencement
The equity shares were listed and admitted to dealings on both exchanges (BSE and NSE) effective from Thursday, 18th June, 2026.
Important Clarification
The approval includes note that 37,28,73,995 equity shares held by Gujarat State Petronet Limited in Gujarat Energy Limited have been cancelled on account of cross-holding.
Additional Information
The exchanges have directed the company to use NEAPS (NSE Electronic Application Processing System) for all future critical/price sensitive information submissions under SEBI LODR Regulations. The NEAPS mobile application is also available for tracking submission status and compliance calendar.
Documents Enclosed
Copy of the Final Listing and Trading Approvals received from the respective stock exchanges were enclosed with the disclosure.