GSPL Transmission Limited announced May 12, 2026, as the record date for a composite scheme of arrangement. Gujarat Gas Limited will issue 10 equity shares for every 13 shares held in Gujarat State Petronet Limited. Trading in GSPL shares will be suspended from May 12, 2026, to facilitate the demerger and amalgamation process.
GSPL Transmission Limited announced that the Composite Scheme of Arrangement has become effective on May 1, 2026. Consequently, GSPC, GSPL, and GEL have amalgamated into Gujarat Gas Limited, while the Gas Transmission Business has been demerged into GSPL Transmission Limited. This restructuring consolidates operations and unlocks value for shareholders.
Gujarat State Petronet Ltd submitted its Annual Secretarial Compliance Report for FY2026. The report notes a ₹0.01 Crore fine levied by exchanges for a delay in filling an Independent Director vacancy. The company has applied for a waiver, citing the short notice following a director's resignation.
Gujarat State Petronet Ltd received a rectification order under Section 154 of the Income Tax Act for AY 2024-25. The order rectifies assessed income to ₹1,435 crore from the previous ₹1,683 crore. The company confirmed that there is no financial impact resulting from this rectification.
Gujarat State Petronet Ltd submitted its quarterly compliance certificate for the period ended March 31, 2026, as per SEBI (Depositories and Participants) Regulations. The certificate from KFin Technologies confirms the processing of dematerialization requests and the substitution of depository names in the register of members.