Gujarat Gas has revised its Composite Scheme of Arrangement and Amalgamation following directions from the Ministry of Corporate Affairs (MCA). The revisions, affecting Clauses 60 and 63, pertain to the re-allocation of authorized share capital from Gujarat Gas to GSPL Transmission Limited upon demerger. According to the company, these changes are technical in nature and do not materially impact the approved Scheme or shareholder rights. The revised Scheme is available on the company’s website.
Scheme Revision Details
Gujarat Gas has implemented revisions to the Composite Scheme of Arrangement and Amalgamation as directed by the Ministry of Corporate Affairs (MCA). The revisions address the re-allocation of authorized share capital from Gujarat Gas to GSPL Transmission Limited (GTL) following the demerger process.
Impact and Nature of Revisions
The modifications pertain specifically to Clauses 60 and 63 of the Scheme. Gujarat Gas emphasizes that the revisions are technical in nature. These changes are not expected to have a material impact on the overall Scheme as previously approved by the shareholders.
Shareholder Interests
Gujarat Gas clarified that the rights, interests, and entitlements of all shareholders, including public shareholders of Gujarat Gas and Gujarat State Petronet Limited (GSPL), remain unaffected by these revisions.
Accessing the Revised Scheme
The updated Scheme and the letter received from the MCA are available on the Gujarat Gas website. This measure ensures transparency and allows stakeholders to review the changes implemented. The announcement was officially made on January 23, 2026.
Source: BSE
