GSPL Transmission Compensates Shareholders for Fractional Entitlements

GSPL Transmission Limited has certified that it has compensated shareholders eligible for fractional entitlements arising from the Composite Scheme of Amalgamation and Arrangement. The company, through its Audit Committee and Independent Directors, confirmed the distribution of sale proceeds from consolidated fractional entitlement shares and associated dividends to eligible shareholders. This action complies with SEBI Master Circular SEBI/HO/CFD/POD-2/P/CIR/2023/93. The process involved consolidating fractional shares, allotting them to IDBI Trusteeship Services Limited, and subsequently selling them in the market. Despite delays due to listing and trading approvals, and market conditions, the trustee managed to sell the shares and distribute the net proceeds and dividends to shareholders by October 28, 2026.