Gujarat State Petronet Limited (GSPL) has announced a crucial shareholder meeting scheduled for October 17, 2025, to deliberate on a significant Composite Scheme of Amalgamation and Arrangement involving five companies in the energy sector. The meeting, directed by the Ministry of Corporate Affairs (MCA) through an order dated September 10, 2025, will be conducted via video conferencing, marking a pivotal moment for the company and its stakeholders.

Key Details of the Shareholder Meeting

• Date and Time: October 17, 2025, at 4:00 P.M. (IST)
• Mode: Video Conferencing / Other Audio-Visual Means (VC/OAVM)
• E-voting Period: October 14-16, 2025

Companies Involved in the Amalgamation Scheme

The proposed scheme encompasses five entities:

1. Gujarat State Petroleum Corporation Limited (GSPC)
2. Gujarat State Petronet Limited (GSPL)
3. GSPC Energy Limited (GEL)
4. Gujarat Gas Limited (GGL)
5. GSPL Transmission Limited (GTL)

Significance of the Scheme

This comprehensive amalgamation and arrangement plan represents a strategic move in the energy sector, potentially reshaping the corporate structure of these interconnected companies. The scheme aims to streamline operations, enhance synergies, and create a more robust entity in the petroleum and natural gas infrastructure domain.

Transparency and Compliance

GSPL has emphasized its commitment to transparency and regulatory compliance throughout this process. The company has provided shareholders with extensive documentation, including:

• Audited financial statements of all involved companies
• Valuation reports from Ernst & Young Merchant Banking Services LLP and SSPA Co., Chartered Accountants
• Fairness opinions from independent financial advisors
• Reports from audit committees and independent directors
• Pre and post-scheme shareholding patterns
• Statutory auditors' certificates confirming compliance with accounting standards

Shareholder Participation

To ensure maximum participation, GSPL has engaged Central Depository Services (India) Limited (CDSL) to provide e-voting services and facilitate the VC/OAVM meeting. Shareholders whose email addresses are registered with the Registrar and Transfer Agent or depositories as of August 1, 2025, will receive the meeting notice electronically.

Regulatory Oversight

The scheme has already received observation letters from both the BSE Limited and the National Stock Exchange of India Limited, dated February 4 and 5, 2025, respectively. This indicates that the proposed amalgamation has cleared initial regulatory scrutiny.

Conclusion

The upcoming shareholder meeting represents a critical juncture for Gujarat State Petronet Limited and its associated companies. The outcome of this meeting could potentially lead to a significant restructuring in the energy infrastructure sector, with far-reaching implications for shareholders, employees, and the broader market. Stakeholders are encouraged to review the comprehensive documentation provided and participate in the e-voting process to voice their opinions on this transformative proposal.

Gujarat State Petronet Limited (GSPL), a key player in India's energy sector, has announced a crucial meeting of its equity shareholders to consider and approve a Composite Scheme of Amalgamation and Arrangement. The meeting, scheduled for October 17, 2025, at 4:00 P.M., will be conducted through video conferencing, adhering to the directives issued by the Ministry of Corporate Affairs (MCA) on September 10, 2025.

Key Details of the Shareholder Meeting

• Date and Time: Friday, October 17, 2025, at 4:00 P.M.
• Mode: Video Conferencing (VC) / Other Audio Visual Means (OAVM)
• Purpose: To consider and approve the proposed Composite Scheme of Amalgamation and Arrangement

Important Dates for Shareholders

• Cut-off Date: October 10, 2025 (for determining voting eligibility)
• Remote E-voting Period:
  • Starts: October 14, 2025, at 9:00 A.M. (IST)
  • Ends: October 16, 2025, at 5:00 P.M. (IST)

Shareholder Communication

GSPL has confirmed that the meeting notice, along with explanatory statements and relevant annexures, will be sent electronically to shareholders whose email addresses are registered with the company or depositories. This approach aligns with the current circulars issued by the MCA and the Securities and Exchange Board of India (SEBI).

Compliance and Transparency

The company's decision to hold this meeting follows the directions from the Ministry of Corporate Affairs, demonstrating GSPL's commitment to regulatory compliance. By opting for a virtual meeting format, Gujarat State Petronet ensures shareholder participation while adhering to contemporary corporate governance practices.

Significance of the Meeting

The upcoming shareholder meeting marks a significant event for Gujarat State Petronet Limited, as it seeks approval for a Composite Scheme of Amalgamation and Arrangement. While specific details of the scheme are not disclosed in the current announcement, such arrangements typically involve significant corporate actions like mergers, demergers, or restructuring, which could have substantial implications for the company's future operations and structure.

Shareholders are advised to review the meeting materials carefully once received and to participate in the voting process to have their say in this important corporate decision. The outcome of this meeting could potentially shape the future direction of Gujarat State Petronet Limited in the evolving energy landscape of India.

As the meeting date approaches, investors and market watchers will likely keep a close eye on any further announcements or details regarding the proposed scheme, which could impact the company's market position and shareholder value.