GSEG confirms no encumbrance on Gujarat Gas shares for FY26

Gujarat State Energy Generation Ltd. has confirmed that it has not created any encumbrance over its equity shares in Gujarat Gas Limited during the financial year ended March 31, 2026. This disclosure was submitted to the stock exchanges in compliance with regulatory requirements.

Regulatory Disclosure

The confirmation was provided pursuant to Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The company stated that, as promoters, promoter group, and persons acting in concert, they have not made any encumbrance directly or indirectly over the shares held during the specified period.

Shareholding Details

The disclosure specifically covers the equity shares held by the company in Gujarat Gas Limited. The total number of shares subject to this confirmation is detailed below.

Metric Value Total Equity Shares 13,32,235 Financial Year Ended March 31, 2026 Regulation Regulation 31(4) of SEBI Takeover Regulations

The communication was addressed to the Audit Committee of Gujarat Gas Limited and the stock exchanges, confirming the status of the shareholding as of the financial year-end.

Gujarat Gas Limited (now known as Gujarat Energy Limited) has completed the allotment of equity shares pursuant to the Composite Scheme of Amalgamation and Arrangement. The Board of Directors approved the issuance of 62,27,14,719 equity shares of INR 2/- each to the eligible shareholders of Gujarat State Petroleum Corporation Limited (GSPC) and Gujarat State Petronet Limited (GSPL) as of the record date of May 12, 2026. The allotment was formally approved by the Board on May 16, 2026.

Share Allotment Details

The allotment was finalized on May 16, 2026, with shares issued to the shareholders whose names appeared in the Register of Members on the record date. The distribution of shares among the shareholders of the transferor companies is as follows:

Shareholder Category: Shares Allotted GSPC Shareholders 35,20,17,714 Equity Shares GSPL Shareholders 27,06,97,005 Equity Shares Total 62,27,14,719 Equity Shares

The newly allotted shares rank pari passu in all respects with the existing equity shares of the company. Fractional entitlements arising from the share exchange ratio will be consolidated and the resultant fractional shares allotted in dematerialised form to IDBI Trusteeship Services Limited, appointed by the Board. IDBI Trusteeship Services Limited will dispose of such shares on the stock exchange at the prevailing market price, with net proceeds distributed pro-rata to eligible shareholders. The company will also make necessary applications to the depositories and stock exchanges for credit of shares in the respective demat accounts of shareholders and listing thereof.

Scheme Background

The composite scheme involves the amalgamation of GSPC, GSPL, and GSPC Energy Limited (GEL) into Gujarat Energy Limited, alongside the demerger of the gas transmission business into GSPL Transmission Limited. The Ministry of Corporate Affairs sanctioned the scheme with an effective date of May 01, 2026. Consequently, the trading window for GSPC and GSPL equity shares was suspended effective from the close of trading hours on May 11, 2026.

Board Meeting and Financial Results

In a separate regulatory filing, Gujarat Energy Limited announced that a Board meeting is scheduled for May 26, 2026. The Board will consider and approve the Standalone and Consolidated Audited Financial Results for the quarter and year ended March 31, 2026. Additionally, the Board may consider a dividend for the Financial Year 2025-26.

Trading Window Closure

Pursuant to SEBI regulations, the trading window for dealing in the equity shares of the company has been closed from April 01, 2026, and will remain closed until May 28, 2026. This measure is intended to facilitate the announcement of the audited financial results and the potential dividend recommendation.

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