GSPL Transmission Board Approves Promoter Reclassification Request

GSPL Transmission Ltd announced that its Board of Directors, in a meeting held on November 3, 2026, approved the request from Gujarat State Energy Generation Limited (GSEG), a Promoter, to be reclassified as a 'Public Shareholder'. This approval is subject to compliance with SEBI Listing Regulations, specifically Regulation 31A. The Board reviewed GSEG's request and confirmed that GSEG and its related persons do not collectively hold more than 10% of the voting rights in GSPL Transmission, do not exercise control, and have no special rights. GSEG also confirmed it meets other criteria, including not being a 'Wilful Defaulter' or fugitive economic offender. Shareholder approval is not required as the promoter group holds less than 1% of the total voting rights.