GSPL Transmission Limited Shares to Commence Trading September 30

Total shares listed: 31,27,43,617 equity shares of Rs 10 face value.
Trading commences: September 30, 2026, in the BE segment.

Reader Takeaway: The demerger is now complete; shareholders face no intraday trading for 10 days during the initial settlement phase.

What just happened

The Ministry of Corporate Affairs has finalized the composite scheme of arrangement involving the demerger of the gas transmission business from Gujarat Energy Limited. Consequently, the resulting entity, GSPL Transmission Limited (GTL), has received regulatory approval to list its shares on the stock exchanges. A total of 31.27 crore equity shares have been admitted for trading effective September 30, 2026.

Why this matters

This listing marks the final operational milestone for the corporate restructuring process. Existing shareholders of the parent entity, who were allotted shares as part of the scheme, will now be able to trade their holdings. The transition to a separate listed entity allows for independent valuation and operational focus on the gas transmission business.

Listing and Trading Framework

Market participants should note the specific trading conditions for the initial phase:

• Segment: BE (Trade-for-Trade).
• Duration: 10 trading days.
• Settlement: Shares will be settled on a gross basis, meaning intraday netting is not allowed.
• Pre-open: The security will be subject to a special pre-open session on the listing day.

What changes now

Following the completion of the 10-day period in the BE segment, the stock is expected to transition to the standard 'EQ' series, allowing for regular intraday trading. Investors should monitor their portfolios to ensure the new shares are credited and reflect appropriately in their demat accounts before the commencement of trading.