Corporate Action1 May 2026, 07:01 pm
GSPL: Composite Scheme of Arrangement Effective May 1, 2026
AI Summary
Gujarat State Petronet Ltd (GSPL) announced that the Composite Scheme of Arrangement, involving Gujarat State Petroleum Corporation Limited (GSPC), GSPL, GSPC Energy Limited (GEL), Gujarat Gas Limited (GGL), and GSPL Transmission Limited (GTL), became effective on May 1, 2026. This follows the sanction order from the Ministry of Corporate Affairs and the filing of e-Form INC-28 with the Registrar of Companies, Ahmedabad. As per the scheme, GSPC, GSPL, and GEL are dissolved without winding up and amalgamated with GGL. Concurrently, the Gas Transmission Business Undertaking is demerged into GSPL Transmission Limited.
Key Highlights
- Composite Scheme of Arrangement for GSPL and related entities is now effective.
- Effective date confirmed as May 1, 2026, after MCA order and ROC filing.
- GSPC, GSPL, and GEL are amalgamated with Gujarat Gas Limited.
- Gas Transmission Business Undertaking demerged into GSPL Transmission Limited.
- This marks a significant corporate restructuring for the involved companies.