Gujarat Energy Limited (GEL) has announced the fixation of Thursday, July 2, 2026, as Record Date 3. This date is crucial for determining shareholders of GEL eligible to receive Equity Shares of GSPL Transmission Limited (Resulting Company) as per the Composite Scheme of Amalgamation. The share exchange ratio is 1 Equity Share of Resulting Company for every 3 Equity Shares of GEL held. The Scheme became effective on May 1, 2026.
Key Record Date Announcement
Gujarat Energy Limited (GEL), formerly Gujarat Gas Limited, has formally announced the appointment of Thursday, July 2, 2026, as the Record Date 3. This significant date has been established by GSPL Transmission Limited, the Resulting Company, in accordance with the Composite Scheme of Amalgamation and Arrangement. This record date is vital for identifying and determining the shareholders of Gujarat Energy Limited who will be entitled to receive the Equity Shares of the Resulting Company.
Share Exchange Ratio Details
The Composite Scheme of Amalgamation and Arrangement, which became effective on May 1, 2026, outlines a specific share exchange ratio for the amalgamation. As per the Scheme, shareholders of Gujarat Energy Limited will receive 1 (One) fully paid up Equity Share of Rs. 10/- each of the Resulting Company for every 3 (Three) fully paid up Equity Shares of Rs. 2/- each held in Gujarat Energy Limited. The Equity Shares to be allotted by the Resulting Company are proposed to be listed on BSE Limited and the National Stock Exchange of India Limited, subject to regulatory approvals.
Source: BSE
