Scheme of Arrangement

Gujarat Energy Fixes Record Date for GSPL Transmission Share Allotment Under Demerger Scheme

NSE

GUJGASLTD

BSE

539336

Gujarat Energy Limited (formerly Gujarat Gas Limited) has informed shareholders that Thursday, July 2, 2026 has been fixed as Record Date 3 for determining eligible shareholders who will receive equity shares of GSPL Transmission Limited (GTL) under the approved Composite Scheme of Arrangement. Eligible shareholders will receive 1 equity share of GTL for every 3 equity shares held in Gujarat Energy Limited, subject to regulatory approvals.

PRICE-SENSITIVE TRIGGER

Event: Fixation of Record Date for allotment of GSPL Transmission Limited shares under the Composite Scheme of Arrangement.

Type: Scheme of Arrangement

Impact: Neutral

Immediate Effect: Shareholders holding Gujarat Energy Limited shares as of July 2, 2026 will become eligible to receive GSPL Transmission Limited equity shares according to the approved share entitlement ratio.

Key Metrics:

Record Date: July 2, 2026 (Thursday)
Share Entitlement Ratio: 1 equity share of GTL (₹10 face value) for every 3 equity shares of GEL (₹2 face value)
Scheme Effective Date: May 1, 2026
MCA Final Order: April 17, 2026

Highlight:

Eligible Gujarat Energy shareholders on the record date will receive one GSPL Transmission Limited equity share for every three Gujarat Energy shares held, subject to applicable regulatory approvals.

What Happened ?

Gujarat Energy Limited has communicated to its shareholders that July 2, 2026 has been fixed as Record Date 3 under the approved Composite Scheme of Arrangement.

The record date will determine the shareholders entitled to receive equity shares of GSPL Transmission Limited (GTL), the resulting company created under the demerger scheme.

Under the approved exchange ratio, shareholders will receive one fully paid GTL equity share of ₹10 each for every three fully paid Gujarat Energy equity shares of ₹2 each held on the record date.

The company also confirmed that the resulting company’s equity shares will be listed on both BSE and NSE, subject to receipt of the necessary regulatory approvals.

Key Details

Record Date & Share Allotment:

Record Date 3 has been fixed as Thursday, July 2, 2026.
Shareholders appearing in the Register of Members or depository records on the record date will be eligible for the allotment.
Share entitlement ratio is:
- 1 fully paid equity share of GSPL Transmission Limited (₹10 face value)
- For every 3 fully paid Gujarat Energy Limited equity shares (₹2 face value).
The Composite Scheme of Arrangement became effective on May 1, 2026 following approval from the Ministry of Corporate Affairs.
GTL shares proposed to be allotted under the scheme are intended to be listed on both BSE and NSE after obtaining requisite regulatory approvals.
Gujarat Energy stated that any further material developments relating to the Scheme will be communicated to shareholders and stock exchanges in accordance with applicable regulations.

Note:

The communication only fixes the eligibility date for share allotment. The listing and trading of the resulting company’s shares remain subject to completion of applicable regulatory approvals and procedural requirements.

Risk Analysis

Summary:

The announcement is primarily procedural and relates to implementation of the approved demerger scheme. Investors should monitor the completion of listing formalities and regulatory approvals for the resulting company’s shares.

Key Risks:

Listing of GTL shares remains subject to regulatory approvals.
Any procedural delay could postpone allotment or commencement of trading.
Shareholders must hold eligible shares on the record date to qualify for the entitlement.
Future developments under the Scheme may require additional regulatory disclosures.

Worst Case:

Delays in regulatory approvals or implementation could defer listing and allotment timelines for GSPL Transmission Limited shares.

Risk Level: Low

Company Commentary

July 2, 2026 has been fixed as Record Date 3 for determining eligible shareholders.
Eligible shareholders will receive GTL shares according to the approved exchange ratio.
The Composite Scheme of Arrangement became effective on May 1, 2026.
GTL shares will be listed on BSE and NSE subject to requisite regulatory approvals.
The company will continue informing shareholders and stock exchanges about any material developments related to the Scheme.

Official Exchange Filing: Gujarat Energy Limited

Support our work by sharing