Gujarat State Petronet Limited (GSPL) has announced a major restructuring involving Gujarat State Petroleum Corporation Limited (GSPC), Gujarat State Petronet Limited (GSPL), GSPC Energy Limited (GEL), Gujarat Gas Limited (GGL), and GSPL Transmission Limited (GTL).
The Hon’ble Ministry of Corporate Affairs (MCA), New Delhi has sanctioned the Composite Scheme of Arrangement, under which the gas transmission and related businesses are being reorganized within the Gujarat State energy group structure.
Here’s what it means for shareholders:
GSPL shareholders will now receive Gujarat Gas Limited (GGL) shares in exchange for their GSPL shares.
Record Date: May 12, 2026
Exchange Ratio:
10 fully paid-up equity shares of Gujarat Gas Limited (Face Value ₹2 each)
for every 13 fully paid-up equity shares of Gujarat State Petronet Limited (Face Value ₹10 each)
Under the approved scheme, eligible shareholders of GSPL will collectively be allotted 27,06,97,005 equity shares of Gujarat Gas Limited.
Key Highlights:
Approval Authority: Ministry of Corporate Affairs (MCA), New Delhi
Scheme Approval Order Date: April 8, 2026
Post-Restructuring Status:
GSPL securities will stop trading on BSE Limited and NSE Limited with effect from the Record Date.
Eligible GSPL shareholders will become shareholders of Gujarat Gas Limited in the approved exchange ratio.
Shareholders whose names appear in the Register of Members as on the Record Date will receive Gujarat Gas Limited shares under the scheme.
Following the restructuring, Gujarat State Petronet Limited (GSPL) shares will cease trading on the stock exchanges.
This restructuring aims to:
Simplify the corporate structure across the Gujarat State energy businesses,
Improve operational synergies and integration,
Strengthen the gas transmission and distribution network, and
Enhance long-term value creation for shareholders.