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.
