Gujarat State Petronet Limited (GSPL) has announced the record date for the issuance and allotment of shares in Gujarat Gas Limited (GGL) following the approved composite scheme of amalgamation. Shareholders of GSPL as of May 12, 2026, will be entitled to receive shares in the resulting entity. This strategic consolidation marks a significant milestone in the company’s organizational restructuring, streamlining its business operations under the newly integrated corporate framework.
Key Record Date Details
The Board of Directors, in consultation with involved entities, has set Tuesday, May 12, 2026, as the official record date. This date is critical for determining the eligibility of shareholders to receive equity shares of Gujarat Gas Limited (GGL) as part of the approved scheme of arrangement.
Share Allotment Ratio
Under the terms of the scheme, eligible shareholders will receive 10 fully paid-up equity shares of GGL (each with a face value of INR 2) for every 13 fully paid-up equity shares of GSPL (each with a face value of INR 10) held by them.
Trading and Administrative Updates
Following the record date, trading in the equity shares of GSPL will be suspended effective May 12, 2026, with the suspension beginning at the close of trading hours on May 11, 2026. Shareholders are advised that the new equity shares of GGL will be listed on stock exchanges subject to the receipt of all necessary regulatory and corporate approvals.
Shareholder Correspondence
For any inquiries or correspondence regarding share allotments, members are requested to contact the company’s Registrar and Share Transfer Agent, KFin Technologies Limited, located in the Financial District of Hyderabad.
Source: BSE
