Gujarat State Petronet Limited (GSPL) has announced revisions to its Composite Scheme of Arrangement and Amalgamation, following directions from the Ministry of Corporate Affairs (MCA). The revisions, pertaining to Clauses 60 and 63 of the scheme, address observations regarding the reallocation of authorized share capital. These changes, technical in nature, do not affect the rights or entitlements of shareholders of Gujarat Gas Limited (GGL) and GSPL. The revised scheme details are available on GSPL’s website.
Scheme Revisions and Directions
GSPL has carried out necessary revisions to comply with directions received from the Hon’ble Ministry of Corporate Affairs (MCA), focusing on Clauses 60 and 63 of the Composite Scheme. This action follows observations related to re-allocation of authorized share capital from Gujarat Gas Limited (GGL) to GSPL Transmission Limited (GTL) upon demerger.
Technical Revisions and Shareholder Impact
Revisions made to the Scheme are technical in nature and do not alter the fundamental structure or materially impact the Scheme as approved by shareholders. It’s confirmed that the rights, interests, or entitlements of all shareholders including public shareholders of GGL and GSPL of the companies involved are unaffected by these revisions.
Availability of Modified Scheme
The modified Scheme and the Letter received from the Hon’ble MCA are accessible on the company website. These documents provide detailed insights into the revisions carried out for compliance. The company encourages stakeholders to review the updated information for a comprehensive understanding of the revised scheme.
Background of the Composite Scheme
GSPL’s Composite Scheme of Arrangement and Amalgamation involves Gujarat State Petroleum Corporation Limited (GSPC), GSPL, GSPC Energy Limited (GEL), Gujarat Gas Limited (GGL), and GSPL Transmission Limited (GTL). The original scheme aimed to consolidate and streamline operations, enhance synergies, and unlock shareholder value, subject to approvals and regulatory requirements. The current revisions are a step towards finalizing this restructuring.
Next Steps
GSPL has submitted the revised scheme and related approvals, in compliance with MCA directives. The company awaits further action and will keep stakeholders informed of significant developments as the scheme progresses.
Gujarat Gas Limited (GGL)
Per a report dated January 13, 2026, from the Ministry of Corporate Affairs, Gujarat Gas Limited has not submitted the attendance sheet of equity shareholders who attended a meeting regarding this scheme. Additionally, certain details of unsecured creditors are required, and an undertaking to safeguard the interest of Oswal Energies Ltd. upon approval of the scheme has been requested.
Source: BSE
