Final Order Received for Composite Scheme of Amalgamation Involving Gujarat Energy Limited
Gujarat Gas Limited, now operating as Gujarat Energy Limited (GEL), has received the final order sanctioning a major Composite Scheme of Amalgamation and Arrangement. The scheme involves several entities and results in the creation of GSPL Transmission Limited (GTL) as the Resulting Company.The Final Order was received on April 17, 2026, from the Ministry of Corporate Affairs (MCA). Under this arrangement, Gujarat Energy Limited is identified as the Transferee Company.
The companies involved in the Composite Scheme include:
- Gujarat State Petroleum Corporation Limited (GSPC), designated as Transferor Company 1
- Gujarat State Petronet Limited (GSPL), designated as Transferor Company 2
- GSPC Energy Limited (GSPC Energy), designated as Transferor Company 3
- Gujarat Gas Limited (now Gujarat Energy Limited) (GEL), the Transferee and Demerged Company
- GSPL Transmission Limited (GTL), designated as the Resulting Company
The Composite Scheme of Amalgamation and Arrangement, which falls under Sections 230 to 232 of the Companies Act, 2013, became effective on May 1, 2026.
In connection with this scheme, a Record Date 3 has been fixed. This date is intended for determining the shareholders of Gujarat Energy Limited (erstwhile Gujarat Gas Limited) who will be issued and allotted Equity Shares of GSPL Transmission Limited (GTL).
GUJGASLTD Stock Price Movement
Gujarat Gas Limited saw its shares shed 2.25% on Thursday, settling at a closing price of ₹344.00 after trading down by ₹7.95. The stock generated significant volume during the session, with over 1.40 million shares changing hands.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.
Any views, opinions, or statements expressed, where applicable, are those of the respective analysts or experts and do not reflect the views of this website. The website has no association with such viewpoints and does not assume any responsibility for them.