Gujarat Gas Limited has announced the resignation of Director Shri S J Haider, IAS (Retd.), effective from January 1, 2026. The resignation follows his superannuation from government service on December 31, 2025, as per official notification from the Government of Gujarat.

Official Board Communication

The company formally communicated the resignation to stock exchanges under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Company Secretary Sandeep Dave digitally signed the official intimation on January 1, 2026, confirming the board change.

Resignation Letter Details

In his resignation letter dated December 31, 2025, Haider referenced Government of Gujarat notification number AIS/13.2025/3885/G issued by the General Administrative Department. The notification confirmed his superannuation from service effective December 31, 2025.

Haider expressed his gratitude in the resignation letter, stating it had been "a matter of great honour to serve as Director of the Company." He thanked all directors for their consistent support and cooperation throughout his tenure and extended best wishes for the company's sustained progress.

Administrative Requirements

The outgoing director has requested acknowledgment of his resignation and a copy of e-Form DIR-12 to be filed with the Ministry of Corporate Affairs for his records. The resignation letter was also forwarded to several senior government officials including the Chief Minister's office, Energy Minister, and other administrative positions in the Government of Gujarat.

Company Profile

Gujarat Gas Limited operates as part of the GSPC Group, a Government of Gujarat undertaking engaged in gas distribution services. The company maintains its corporate office in Gandhinagar and registered office at Gujarat Gas CNG Station, Sector-5/C, Gandhinagar. The board transition represents a routine change following completion of the director's government service tenure.

Gujarat Gas Limited has formally communicated with its physical shareholders, urging them to convert their holdings to dematerialized form ahead of an upcoming composite scheme of amalgamation and arrangement. The communication, dated January 1st, 2026, emphasizes the critical importance of dematerialization to ensure seamless receipt of new shares under the proposed scheme.

Composite Scheme Details

The composite scheme involves multiple entities within the GSPC Group, creating a comprehensive restructuring arrangement. The participating companies and their roles are clearly defined in the scheme structure.

The scheme operates under Sections 230-232 and other applicable provisions of the Companies Act, 2013, and will become effective upon sanction by the Ministry of Corporate Affairs (MCA).

Share Exchange Ratio and Issuance Terms

Under the approved scheme, Gujarat Gas shareholders will receive shares of GTL based on a predetermined exchange ratio. The share exchange mechanism has been structured to provide fair value to existing shareholders.

Pursuant to SEBI regulations and scheme provisions, GTL will mandatorily issue and allot shares exclusively in dematerialized form, making physical share conversion essential for seamless receipt.

Dematerialization Requirements and Consequences

The company has clearly outlined the implications for shareholders who maintain physical holdings beyond the record date. Physical shareholders face significant procedural complications if they fail to dematerialize their holdings before the designated record date.

Shareholders with physical holdings who do not complete dematerialization will have their new GTL shares transferred to a Demat Suspense Escrow Account opened by GTL. These shares will only be transferred to shareholders upon submission of demat account details and other necessary documents, creating a lengthy and complicated claiming process.

Benefits of Dematerialization

The communication highlights several advantages of holding shares in dematerialized form:

• Immediate transfer of securities
• Safe and convenient method for holding securities
• Elimination of risks associated with physical certificates including bad delivery, fake securities, delays, and theft
• Direct receipt of new shares under the scheme without procedural complications

Support Services for Shareholders

Gujarat Gas has appointed Trustwell Management Consulting & Services LLP to assist shareholders with the dematerialization process. Trustwell will provide comprehensive support services to facilitate smooth conversion of physical holdings.

The appointed consultancy will assist shareholders with multiple services including KYC updates, dematerialization of physical shares, obtaining duplicate share certificates, transmission of shares, IEPF claims, and other related matters. This support structure ensures shareholders receive necessary guidance throughout the conversion process.

The company has emphasized the importance of quick response and cooperation from physical shareholders to ensure efficient service delivery and seamless implementation of the composite scheme.