Gujarat Gas is convening a meeting of its equity shareholders on October 17, 2025, to consider and approve a composite scheme of amalgamation and arrangement. This meeting follows directives from the Hon’ble Ministry of Corporate Affairs (MCA). The proposal involves Gujarat Gas and other entities, aiming to streamline and consolidate businesses. The meeting will be conducted via video conferencing, with e-voting options available for shareholders. The approval relies on obtaining requisite statutory majority.
Shareholder Meeting Details
A meeting for equity shareholders of Gujarat Gas Limited (GGL) is scheduled for Friday, October 17, 2025, at 3:00 P.M. (IST). Convened through Video Conferencing (VC) or Other Audio-Visual Means (OAVM), it addresses the Composite Scheme of Amalgamation and Arrangement.
Composite Scheme Overview
The scheme involves the amalgamation of Gujarat State Petroleum Corporation Limited (GSPC), Gujarat State Petronet Limited (GSPL), and GSPC Energy Limited (GEL) into Gujarat Gas Limited. Additionally, it includes the demerger of Gas Transmission Business from GGL into GSPL Transmission Limited (GTL).
Key Objectives
The goals of this Composite Scheme include:
- Achieving better business synergies and growth.
- Simplifying group holding structure.
- Unlocking shareholder value.
- Improving efficiency and scale of operations.
- Optimizing the utilization of resources.
Voting and Approval
The Scheme approval necessitates a statutory majority achieved by the Equity Shareholders, facilitated through e-voting during the Meeting or by remote e-voting.
Additional Details
Notice of the meeting and related information are dispatched electronically. For physical copies of the documents, shareholders may place requests through the Company Secretary. It is clarified that the approval of Shareholders of the Demerged Company and Resulting Company will be considered also an approval of the changes to the Memorandum and Articles of Association.
Source: BSE
