Gandhinagar, June 17, 2026: Gujarat Energy Limited (GEL), formerly known as Gujarat Gas Limited, has received final approval from both the National Stock Exchange (NSE) and BSE Limited for the listing and trading of 62.27 crore newly issued equity shares. The shares were allotted under a major Composite Scheme of Amalgamation and Arrangement involving several entities within the Gujarat State Petroleum Corporation (GSPC) Group.
The approval marks a significant milestone in one of the largest corporate restructuring exercises in India’s energy sector and is expected to strengthen the group’s integrated business operations.
62.27 Crore New Shares to Begin Trading on June 18
According to official communications issued by NSE and BSE, a total of 62,27,14,719 equity shares with a face value of ₹2 per share have been approved for listing and trading.
The newly issued shares will be admitted to trading on both stock exchanges beginning June 18, 2026.
Trading Details
Exchange Trading Symbol / Code NSEGUJGASLTDBSE539336
The shares were allotted to eligible shareholders of Gujarat State Petroleum Corporation Limited (GSPC) and Gujarat State Petronet Limited (GSPL) based on the record date of May 12, 2026.
Shares Issued Under Composite Merger Scheme
The listing approval is part of a broader Scheme of Amalgamation and Arrangement designed to reorganize and consolidate businesses within the Gujarat energy sector.
The restructuring involves the following entities:
- Gujarat State Petroleum Corporation Limited (GSPC)
- Gujarat State Petronet Limited (GSPL)
- GSPC Energy Limited
- Gujarat Energy Limited (Formerly Gujarat Gas Limited)
- GSPL Transmission Limited
The scheme is aimed at creating a more efficient and integrated energy business structure while improving operational synergies across the group.
Cross-Holding Shares Cancelled
As part of the restructuring process, BSE clarified that approximately 37.28 crore equity shares held by Gujarat State Petronet Limited (GSPL) in Gujarat Energy Limited were cancelled.
The cancellation was necessary to eliminate cross-holdings that emerged as a result of the merger and restructuring exercise.
Corporate experts note that removing cross-holdings is a common practice during large-scale business reorganizations as it helps simplify ownership structures and improve transparency.
Strategic Significance of the Restructuring
The amalgamation and arrangement scheme is expected to deliver several long-term benefits, including:
- Streamlined corporate structure
- Improved operational efficiency
- Enhanced resource utilization
- Stronger balance sheet integration
- Greater business synergies across energy segments
- Improved value creation for shareholders
Industry analysts believe the restructuring could strengthen the group’s ability to compete in India’s evolving energy landscape, particularly as demand for integrated energy solutions continues to grow.
Trading of New Shares to Commence Immediately
Following the receipt of final approvals on June 17, 2026, the newly allotted shares will become fully tradable on both exchanges from Thursday, June 18, 2026.
The company has informed stock exchanges that copies of the final listing and trading approvals have been placed on record and made available for shareholders and investors.
The commencement of trading is expected to complete a key phase of the corporate restructuring process.
About Gujarat Energy Limited
Gujarat Energy Limited (GEL), formerly known as Gujarat Gas Limited, is one of India’s leading energy companies with a strong presence in the city gas distribution sector.
The company serves industrial, commercial, and residential customers across multiple regions and plays an important role in supporting India’s transition toward cleaner and more sustainable energy solutions.
Following the ongoing restructuring within the GSPC Group, Gujarat Energy Limited is expected to expand its role as an integrated energy company, leveraging enhanced operational capabilities and a stronger corporate structure.
Looking Ahead
The successful listing approval of 62.27 crore new equity shares represents a major step forward in the implementation of the group’s restructuring strategy. With trading set to begin on June 18, 2026, investors will closely watch how the reorganization enhances operational performance and creates long-term value.
The development underscores Gujarat Energy Limited’s commitment to strengthening its market position while supporting the broader growth and modernization of India’s energy sector.