Gujarat Gas has fixed July 2, 2026, as Record Date 3 for its corporate restructuring. Shareholders will receive 1 share of GSPL Transmission for every 3 held in Gujarat Energy Limited.
Gujarat Gas Sets July 2, 2026, as Record Date for Share Exchange
1 share of GSPL Transmission for every 3 Gujarat Energy Limited shares. Shareholders eligible for new GSPL Transmission shares. ## What just happened Gujarat Gas Ltd (now Gujarat Energy Limited) has announced July 2, 2026, as 'Record Date 3'. This date determines which shareholders of Gujarat Energy Limited will receive new equity shares in GSPL Transmission Limited as part of a corporate restructuring. The exchange ratio is 1 new equity share of GSPL Transmission for every 3 existing equity shares of Gujarat Energy Limited. ## Why this matters This record date is crucial for existing shareholders of Gujarat Energy Limited as it confirms their eligibility for shares in the newly formed entity, GSPL Transmission Limited. This is a key step in the ongoing composite scheme of amalgamation and arrangement. ## The backstory The corporate restructuring follows the effective date of the Composite Scheme of Amalgamation and Arrangement on May 1, 2026. Gujarat Energy Limited was formerly known as Gujarat Gas Limited. This move is part of a larger strategic realignment. ## What changes now Shareholders of Gujarat Energy Limited as of July 2, 2026, will be entitled to receive equity shares in GSPL Transmission Limited. The new shares are planned to be listed on both the BSE and NSE, subject to regulatory approvals. ## Risks to watch While the process is moving forward, the actual listing of GSPL Transmission Limited shares is contingent on obtaining necessary regulatory approvals. Any delays in this regard could impact the timeline. ## Peer comparison Gujarat Gas operates in the city gas distribution sector. While this specific corporate action is internal, the sector sees ongoing consolidation and restructuring as companies aim for greater operational efficiency and market reach. ## Context metrics (time-bound) * **Effective Date of Scheme:** May 1, 2026 * **Record Date 3:** July 2, 2026 * **Share Exchange Ratio:** 1 (New GSPL Transmission) for every 3 (Existing Gujarat Energy) ## What to track next Investors should closely monitor further announcements from the company regarding the completion of share allotment and the official listing date of GSPL Transmission Limited's equity shares on the stock exchanges.
