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.

Gujarat State Petronet Limited (GSPL) witnessed a significant block trade on the National Stock Exchange (NSE) on Wednesday, involving a substantial number of shares changing hands in a single transaction.

Block Trade Details

The block trade involved approximately 2,003,272 shares of Gujarat State Petronet, which were traded at a price of Rs 303.40 per share. The total value of this transaction amounted to Rs 60.78 crore, marking a notable bulk deal in the company's stock.

Impact on Trading

This large-scale transaction represents a significant movement in Gujarat State Petronet's shares, potentially indicating investor interest or a strategic move by a major shareholder. Block trades of this magnitude often attract attention from market participants and can sometimes influence short-term price movements.

About Gujarat State Petronet Limited

Gujarat State Petronet Limited is a key player in the natural gas transmission business in India. The company operates a vast network of natural gas pipelines, primarily in the state of Gujarat, facilitating the distribution of natural gas to various industrial, commercial, and domestic consumers.

While this block trade is a noteworthy event in the company's recent trading activity, investors and market analysts will likely be watching closely to see if it leads to any significant changes in the stock's performance or ownership structure in the coming days.