Gujarat State Petronet Limited (GSPL) held a meeting of equity shareholders on October 17, 2025, to consider and approve a composite scheme of amalgamation and arrangement involving five companies. The meeting, conducted through video conferencing, was in compliance with an order from the Ministry of Corporate Affairs dated September 10, 2025.

Key Details of the Meeting

• Date and Time: October 17, 2025, from 4:00 PM to 4:45 PM
• Mode: Video Conferencing / Other Audio Visual Means (VC/OAVM)
• Chairman: Shri Pankaj Joshi, IAS (Chairman and Managing Director of GSPL)
• Scrutinizer: M/s K K Patel & Associates, Practicing Company Secretaries

Companies Involved in the Amalgamation Scheme

Resolution Details

The shareholders voted on a resolution to approve the Composite Scheme of Amalgamation and Arrangement under Sections 230 to 232 of the Companies Act, 2013. The resolution sought approval for the scheme, subject to various regulatory approvals, including that of the Ministry of Corporate Affairs.

Additional Appointment

In a separate development, GSPL's Board of Directors approved the appointment of Shri Jayant Misra, IRS (Retd.) as an Independent Director, effective October 22, 2025, for a term of 5 years, subject to shareholder approval.

This corporate action represents a significant restructuring within the Gujarat state energy sector, potentially impacting the operations and structure of multiple key players in the industry.

Gujarat State Petronet Limited (GSPL) has announced the appointment of Shri Jayant Misra, a retired Indian Revenue Service officer, as an Independent Director on its Board. The appointment, effective from October 22, 2025, was approved by the company's Board of Directors through a circular resolution on October 17, 2025.

Key Details of the Appointment

Background and Compliance

Shri Misra brings a wealth of experience to his new role at Gujarat State Petronet. As a retired Indian Revenue Service officer, he has served in various capacities, including as the Chairman of the Customs & Excise Settlement Commission in New Delhi.

In compliance with regulatory requirements, Gujarat State Petronet has confirmed that Shri Misra is not related to any existing directors or key managerial personnel of the company. Furthermore, he is not debarred from holding a directorship by any regulatory authority, including the Securities and Exchange Board of India (SEBI).

Appointment Process and Tenure

The appointment was made in accordance with the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. Gujarat State Petronet's Board of Directors approved the appointment through a circular resolution, demonstrating the company's commitment to maintaining strong corporate governance practices.

Shri Misra's appointment is for an initial term of five years, commencing from October 22, 2025. However, this appointment is subject to the approval of Gujarat State Petronet's shareholders, aligning with standard corporate governance procedures for independent director appointments.

This strategic addition to Gujarat State Petronet's Board is expected to bring fresh perspectives and valuable insights, potentially contributing to the company's future growth and governance structure.