GSPL Transmission: GSEG seeks reclassification from Promoter to Public

GSPL Transmission Limited has received a request from its promoter, Gujarat State Energy Generation Limited (GSEG), to reclassify its shareholding from the 'Promoter' category to the 'Public Shareholder' category. GSEG currently holds 4,44,078 shares, representing 0.14% of the company's total paid-up equity share capital. This reclassification is sought in accordance with Regulation 31A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, to simplify the corporate structure following a composite scheme of amalgamation. The proposed change will not alter GSEG's shareholding, voting rights, control, or management of GSPL Transmission. The request is subject to the approval of the Board of Directors and the Stock Exchanges.