Gujarat Gas Limited has announced a Board meeting scheduled for January 20, 2026, to review and approve its financial performance for the third quarter of fiscal year 2026. The company has formally notified both the National Stock Exchange of India Limited and BSE Limited about this important corporate development through a regulatory filing dated December 19, 2025.

Board Meeting Details

The meeting agenda focuses on the consideration and approval of both standalone and consolidated un-audited financial results for the quarter ended December 31, 2025. This announcement comes in compliance with Regulation 29 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Trading Window Closure

In accordance with the company's Code of Conduct for Regulating, Monitoring and Reporting of Trading by Designated Persons, Gujarat Gas Limited has implemented a trading window closure. This measure ensures compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015.

During this period, designated persons and their immediate relatives will be restricted from trading in the company's equity shares. The trading window will reopen after the announcement of the quarterly financial results.

Regulatory Compliance

The company has fulfilled all necessary regulatory requirements by informing the stock exchanges and making arrangements for publication of the notice. Company Secretary Sandeep Vishnuprasad Dave signed the official communication, ensuring proper documentation and compliance with listing obligations.

The notification has been submitted to both stock exchanges for record-keeping and website dissemination. This scheduled Board meeting represents a standard quarterly practice for listed companies to review financial performance and maintain transparency with stakeholders and regulatory authorities.

India Ratings has reaffirmed Gujarat Gas Limited (GGL) INR 47,000 million bank loan facilities at IND AAA/Stable/IND A1+ rating, underscoring the company's robust financial health and strategic positioning in the Indian gas distribution sector. This rating affirmation comes as GGL prepares for a significant corporate restructuring, with the ongoing amalgamation with its parent company, Gujarat State Petroleum Corporation Limited (GSPC), expected to conclude by the end of FY26.

Strong Operational Profile

Gujarat Gas Limited stands out as India's largest city gas distribution (CGD) entity, boasting an impressive network of 27 geographical areas. This extensive reach positions GGL at the forefront of India's growing natural gas market, providing a solid foundation for sustained growth and market leadership.

Financial Performance Highlights

The company's financial statements reveal a pattern of steady growth and improved financial stability:

These figures demonstrate GGL's impressive growth trajectory, with total assets increasing by 48.16% over the past five years and shareholders' capital nearly doubling with an 89.60% increase in the same period.

Healthy EBITDA and Net Cash Position

The rating affirmation by India Ratings is backed by GGL's healthy EBITDA generation in its city gas distribution business. While specific EBITDA figures are not provided, the strong growth in assets and capital suggests robust operational performance. Additionally, the company's net cash position further strengthens its financial stability, providing a buffer against market volatilities and supporting future growth initiatives.

Strategic Amalgamation with GSPC

The ongoing amalgamation with GSPC is expected to bring significant benefits to GGL:

1. Enhanced gas trading capabilities
2. Access to GSPC's long-term and spot contract sourcing abilities
3. Potential for revenue growth from the expanded gas trading business

This strategic move is anticipated to diversify GGL's revenue streams and strengthen its position in the gas value chain.

Future Outlook

With its strong market position, healthy financial metrics, and the upcoming amalgamation with GSPC, Gujarat Gas Limited is well-positioned for future growth. The company's focus on expanding its CNG and PNG network, coupled with the potential synergies from the GSPC merger, presents a positive outlook for stakeholders.

Investors and market watchers will be keen to observe how GGL leverages its enhanced capabilities post-amalgamation to drive further growth and maintain its leadership in India's evolving gas distribution landscape.