Corporate Action1 May 2026, 06:01 pm
GGL: Composite Scheme of Arrangement effective May 1, 2026
AI Summary
Gujarat Gas Ltd (GGL) announced that its Composite Scheme of Arrangement has become effective on May 1, 2026. This follows the filing of the certified order from the Hon’ble Ministry of Corporate Affairs with the Registrar of Companies, Ahmedabad. The scheme involves the amalgamation of Gujarat State Petroleum Corporation Limited (GSPC), Gujarat State Petronet Limited (GSPL), and GSPC Energy Limited (GEL) with GGL. Additionally, the Gas Transmission Business Undertaking has been demerged into GSPL Transmission Limited (GTL).
Key Highlights
- Composite Scheme of Arrangement for GGL is now effective.
- Effective date is May 1, 2026, following e-Form INC-28 filing.
- GSPC, GSPL, and GEL are amalgamated with Gujarat Gas Ltd.
- Gas Transmission Business demerged into GSPL Transmission Ltd.