Gujarat State Petronet Ltd. (GSPL) has announced a record date of May 12, 2026, for its ongoing composite scheme of arrangement. The company confirmed that shareholders will receive 10 equity shares of Gujarat Gas Limited for every 13 shares held in GSPL. This corporate restructuring follows the official sanction from the Ministry of Corporate Affairs. Investors should note that trading in GSPL securities will be suspended following the established record date.
Share Exchange Details
Following the recent sanction of the composite scheme of arrangement, the Board of Directors has finalized the implementation logistics. Shareholders of GSPL are set to be issued 27,06,97,005 equity shares of Gujarat Gas Limited (GGL). The approved share exchange ratio dictates that investors will receive 10 fully paid-up equity shares of GGL (INR 2/- each) for every 13 fully paid-up equity shares of GSPL (INR 10/- each) held.
Key Implementation Dates
The company has scheduled Tuesday, May 12, 2026, as the official Record Date 2 for determining eligible shareholders for the allotment. Investors are advised that effective from this date, trading in GSPL securities will cease on both the BSE and the National Stock Exchange. The company anticipates the Effective Date of the scheme to be on or around Friday, May 1, 2026, subject to the filing of required documentation with the Registrar of Companies.
Source: BSE
