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.

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.