Gujarat State Petronet to hold shareholder meeting for amalgamation scheme

Gujarat State Petronet Limited (GSPL) announced it will hold a meeting of its equity shareholders on October 17, 2025, at 4:00 P.M. (IST), via video conferencing or other audio visual means. This meeting, directed by the Ministry of Corporate Affairs (MCA) on September 10, 2025, will consider and approve a composite scheme of amalgamation and arrangement. The scheme involves Gujarat State Petroleum Corporation Limited, GSPL, GSPC Energy Limited, Gujarat Gas Limited, and GSPL Transmission Limited, along with their respective shareholders.

The notice for the meeting, issued on September 14, 2025, includes an explanatory statement and the full scheme document. It details the agenda, cut-off date for e-voting on October 10, 2025, and e-voting period from October 14 to October 16, 2025. This package includes audited financial statements for all involved companies for the period ended March 31, 2025, valuation reports from Ernst & Young and SSPA Co., and fairness opinions dated August 30, 2024.

Additional documents provided include statutory auditors' certificates on accounting treatment, "Nil" Complaint Reports from BSE Limited and National Stock Exchange of India Limited, and observation letters from both exchanges dated February 4 and 5, 2025. The full set of documents, including details on assets, liabilities, revenue, and net worth, constitutes an integral part of this announcement.