Demerged Arm GSPL Transmission Gets Final Listing And Trading Approval; Shares List From 30 Sep 2026

GSPL Transmission Ltd (GTL), the demerged gas transmission arm, got final listing & trading approval from BSE and NSE on 28 Sep 2026.

Tue 29 Sep 2026

Equity shares for listing

31,27,43,617 equity shares of ₹10 each

Listing date

30 Sep 2026

NSE symbol

GSPLTRANS

BSE scrip code

544801

Share entitlement ratio

1 fully paid-up equity share of ₹10 each of GSPL Transmission Limited for every 3 fully paid-up equity shares of ₹2 each held in Gujarat…

What happened

GSPL Transmission Limited (GTL), the resulting company under the composite scheme of amalgamation and arrangement, has received Final Listing and Trading Approval from BSE and NSE on 28th September, 2026.

• Shares approved for listing: 31,27,43,617 equity shares of face value ₹10 each
• Listing and trading effective from 30th September, 2026
• NSE symbol GSPLTRANS, BSE scrip code 544801
• Initially in Trade-for-Trade segment for 10 trading days, then shifted to normal segment

The scheme in brief

The scheme provided for amalgamation of Gujarat State Petroleum Corporation Limited, Gujarat State Petronet Limited and GSPC Energy Limited with Gujarat Gas Limited (now Gujarat Energy Limited), and demerger of the Gas Transmission Business Undertaking into GSPL Transmission Limited.

Share entitlement: 1 fully paid-up equity share of ₹10 each of GSPL Transmission Limited for every 3 fully paid-up equity shares of ₹2 each held in Gujarat Gas Limited.

Key dates

• Appointed date: April 01, 2025
• Effective date: May 01, 2026
• Record date: 2nd July, 2026
• Date of allotment: July 08, 2026

Capital structure of GTL

Before the scheme, GTL's paid-up equity capital was Rs. 500,000 comprising 50,000 equity shares of ₹10 each, which stood cancelled under the demerger. Post arrangement, its issued, subscribed and paid-up equity capital is Rs. 3,12,74,36,170 comprising 31,27,43,617 equity shares of ₹10 each fully paid.

What it means for shareholders

Shareholders of Gujarat Energy Limited who held shares on the record date and received GTL shares can now trade them once listing goes live. The gas transmission business is now housed in a separately listed entity, so investors will track two listed companies instead of one.

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