Gujarat Gas Limited, now renamed Gujarat Energy Limited, has completed the credit of equity shares to eligible shareholders of Gujarat State Petroleum Corporation Limited (GSPC) and Gujarat State Petronet Limited (GSPL) following the effectiveness of a composite scheme of arrangement. The company allotted 62,27,14,719 equity shares with a face value of ₹2 each to shareholders of the transferor companies. This allotment was approved by the board of directors on May 16, 2026, based on the records of members as on the record date of May 12, 2026.

The scheme, sanctioned by the Ministry of Corporate Affairs (MCA) via an order dated April 8, 2026, and received on April 17, 2026, became effective on May 1, 2026. It involved the amalgamation and arrangement amongst GSPC, GSPL, GSPC Energy Limited, Gujarat Gas Limited, and GSPL Transmission Limited. Consequently, Gujarat Gas Limited acted as the transferee company, receiving shares from the transferor companies based on specific exchange ratios.

The share exchange ratios defined the entitlement for shareholders. For GSPC shareholders, the ratio was set at 10 fully paid-up equity shares of ₹2 each for every 305 fully paid-up equity shares of ₹1 each held in the transferor company. For GSPL shareholders, the ratio was 10 fully paid-up equity shares of ₹2 each for every 13 fully paid-up equity shares of ₹10 each held in the transferor company. The total allotment included 35,20,17,714 equity shares to GSPC shareholders and 27,06,97,005 equity shares to GSPL shareholders.

Regarding fractional shares, the company stated that fractional entitlements were consolidated and credited directly to IDBI Trusteeship Services Limited. This trust will dispose of the fractional shares on the stock exchanges at prevailing market prices and distribute the net sale proceeds pro-rata among the eligible shareholders entitled to such fractional entitlements. This process aligns with the Master Circular on Scheme of Arrangement by Listed Entities and specific clauses within the approved scheme.

The newly allotted equity shares have been listed and admitted for trading on both the National Stock Exchange of India (NSE) and BSE Limited effective June 18, 2026. Shareholders with queries or requiring clarification have been directed to contact KFin Technologies Limited, the registrar and transfer agent of the company.

Share Allotment Details

Officials from Gujarat Gas Ltd are scheduled to participate in a group meeting with analysts and institutional investors on June 25, 2026. The virtual session, organized by DAM Capital, is set to commence at 05:00 PM IST. This engagement provides a platform for the company's management to interact with the investor community.

The meeting will focus on discussions based on publicly available information. The company explicitly stated that no unpublished price sensitive information will be disclosed during the session. This ensures compliance with regulatory standards regarding fair disclosure.

Meeting Details

The following table outlines the specific schedule and participant details for the upcoming interaction:

The disclosure was made to the exchanges pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company noted that the schedule is subject to change.