Gujarat Energy Ltd: GTL Allots 31.27 Cr Equity Shares Post-Amalgamation
GSPL Transmission Limited (GTL) has approved the allotment of 31.27 crore equity shares to Gujarat Energy Limited (GEL) shareholders. This allotment is part of the composite scheme of amalgamation and arrangement. The record date for this allotment was July 2, 2026.
The allotment of a significant number of shares as part of an amalgamation scheme is a material event that will impact the capital structure and potentially the shareholding patterns of the involved entities.
The announcement details a procedural step following a corporate amalgamation scheme, involving the allotment of shares. It is a factual update with no immediate positive or negative financial implications explicitly stated.
Gujarat Energy Limited (GEL), formerly known as Gujarat Gas Limited, has announced the allotment of 31,27,43,617 equity shares of face value ₹10 each by its Resulting Company, GSPL Transmission Limited (GTL). This allotment, approved by GTL's Board of Directors on 8th July, 2026, is pursuant to the Composite Scheme of Amalgamation and Arrangement amongst Gujarat State Petroleum Corporation Limited, Gujarat State Petronet Limited, GSPC Energy Limited, GEL, and GTL.
The shares are being allotted to the equity shareholders of Gujarat Energy Limited who held shares as of the Record Date, which was fixed as Thursday, 2nd July, 2026. GTL will also make the necessary applications for the listing of these equity shares, which will remain frozen in the depository system until listing and trading permission is granted by the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE).
This development follows an earlier communication on 19th June, 2026, which informed about the fixation of the Record Date for determining eligible shareholders for the share allotment under the Scheme.
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GUJARAT ENERGY LIMITED filed this with the NSE as a statutory disclosure, categorised under other corporate actions. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by GUJARAT ENERGY LIMITED. Read the original for the full detail.